Aena SME Correlations

ANNSF Stock

USD 217.50 5.90 2.79%

The current 90-days correlation between Aena SME SA and Airports of Thailand is -0.06 (i.e., Good diversification). The correlation of Aena SME is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Aena SME Correlation With Market

Average diversification

The correlation between Aena SME SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aena SME SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aena SME could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aena SME when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aena SME - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aena SME SA to buy it.

Moving together with Aena Pink Sheet

0.86	ANYYY	Aena SME SA	Pair Corr
0.67	DPSTF	Deutsche Post AG	Pair Corr

Moving against Aena Pink Sheet

0.46	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.41	AIPUF	Airports Of Thailand	Pair Corr
0.5	RIVN	Rivian Automotive	Pair Corr
0.41	FKWL	Franklin Wireless Corp	Pair Corr
0.39	SKGR	SK Growth Opportunities	Pair Corr
0.38	YMM	Full Truck Alliance	Pair Corr
0.62	XPNGF	XPeng Inc	Pair Corr
0.43	RR	Richtech Robotics Class	Pair Corr
0.37	CRWD	Crowdstrike Holdings Sell-off Trend	Pair Corr
0.31	OKTA	Okta Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	AUKNY	AIPUY	ARRPY	ASLE	JTTRY	ANYYY	AEOXF	ACKDF
AUKNY		-0.23	-0.56	0.11	-0.69	-0.08	0.12	0.52	AUKNY
AIPUY	-0.23		0.22	0.13	0.31	-0.08	0.05	0.12	AIPUY
ARRPY	-0.56	0.22		-0.37	0.81	0.25	0.34	-0.44	ARRPY
ASLE	0.11	0.13	-0.37		-0.28	-0.36	-0.07	0.09	ASLE
JTTRY	-0.69	0.31	0.81	-0.28		0.45	0.18	-0.56	JTTRY
ANYYY	-0.08	-0.08	0.25	-0.36	0.45		0.28	-0.12	ANYYY
AEOXF	0.12	0.05	0.34	-0.07	0.18	0.28		0.13	AEOXF
ACKDF	0.52	0.12	-0.44	0.09	-0.56	-0.12	0.13		ACKDF
	AUKNY	AIPUY	ARRPY	ASLE	JTTRY	ANYYY	AEOXF	ACKDF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JTTRY	+ 0.81	ARRPY
ACKDF	+ 0.52	AUKNY
ANYYY	+ 0.45	JTTRY
AEOXF	+ 0.34	ARRPY
JTTRY	+ 0.31	AIPUY
AEOXF	+ 0.28	ANYYY

High negative correlations

JTTRY	- 0.69	AUKNY
ACKDF	- 0.56	JTTRY
ARRPY	- 0.56	AUKNY
ACKDF	- 0.44	ARRPY
ASLE	- 0.37	ARRPY
ANYYY	- 0.36	ASLE

Risk-Adjusted Indicators

There is a big difference between Aena Pink Sheet performing well and Aena SME Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aena SME's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AUKNY	1.19	0.19	0.01	(0.81)	1.86	(6.03)	7.61	(3.36)	20.20
AIPUY	2.65	(0.19)	0.00	(11.24)	0.00	0.00	8.49	(10.56)	32.49
ARRPY	0.55	(0.19)	0.00	2.21	0.00	0.00	0.00	(3.32)	13.09
ASLE	1.75	0.42	0.15	2.37	1.85	(1.89)	4.14	(2.58)	12.13
JTTRY	0.67	(0.22)	0.00	1.99	0.00	0.00	0.00	0.00	8.98
ANYYY	1.12	(0.09)	0.00	(0.13)	0.00	0.00	1.83	(2.51)	6.48
AEOXF	0.60	(0.07)	0.00	1.05	0.00	0.00	1.23	(2.93)	9.66
ACKDF	3.14	0.39	0.04	(1.77)	3.72	(10.68)	13.60	(9.46)	34.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aena SME without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Aena SME Corporate Management

Elena Centeno	Sec Sec	Profile
Maria Rodriguez	Director Communications	Profile
Amparo Alvarez	Sustainability Innovation	Profile
Emilio Rotondo	Deputy Officer	Profile
Francisco Andres	Airport MD	Profile

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