Aztec Land Correlations

AZLCZ Stock

USD 775.00 25.00 3.12%

The current 90-days correlation between Aztec Land Comb and IRSA Inversiones Y is -0.04 (i.e., Good diversification). The correlation of Aztec Land 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aztec Land Correlation With Market

Weak diversification

The correlation between Aztec Land Comb and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aztec Land Comb and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aztec Land could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aztec Land 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 Aztec Land - 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 Aztec Land Comb to buy it.

Moving together with Aztec Pink Sheet

0.87	CBRE	CBRE Group Class	Pair Corr
0.62	BEKE	Ke Holdings	Pair Corr
0.83	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.9	LLYVK	Liberty Media	Pair Corr
0.88	BWXT	BWX Technologies	Pair Corr
0.85	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.81	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.72	KSCP	Knightscope	Pair Corr
0.8	PYPL	PayPal Holdings	Pair Corr
0.68	TTWO	Take Two Interactive	Pair Corr
0.67	DECK	Deckers Outdoor	Pair Corr
0.84	GVA	Granite Construction	Pair Corr
0.92	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.69	OHI	Omega Healthcare Inv	Pair Corr
0.8	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.92	ADSK	Autodesk	Pair Corr
0.85	NVDA	NVIDIA	Pair Corr
0.69	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.87	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Aztec Pink Sheet

0.73	CLLNY	Cellnex Telecom SA	Pair Corr
0.72	VONOY	Vonovia SE ADR	Pair Corr
0.67	EATBF	Eat Beyond Global	Pair Corr
0.61	VNNVF	Vonovia SE	Pair Corr
0.53	CLNXF	Cellnex Telecom SA	Pair Corr
0.48	AMIX	Autonomix Medical, Common Trending	Pair Corr
0.39	CSGP	CoStar Group	Pair Corr
0.58	PHIL	PHI Group	Pair Corr

Related Correlations Analysis

	IRS	HOUS	NMRK	WRFRF	NYC	CBRE	FRPH	MMI	JLL	FSV
IRS		-0.65	0.53	0.02	-0.41	0.82	0.7	0.4	0.38	0.74	IRS
HOUS	-0.65		-0.09	0.0	0.52	-0.69	-0.33	0.0	-0.38	-0.7	HOUS
NMRK	0.53	-0.09		0.51	-0.08	0.67	0.37	0.41	0.73	0.51	NMRK
WRFRF	0.02	0.0	0.51		0.01	0.21	-0.04	-0.41	0.55	0.22	WRFRF
NYC	-0.41	0.52	-0.08	0.01		-0.4	-0.3	-0.09	-0.2	-0.35	NYC
CBRE	0.82	-0.69	0.67	0.21	-0.4		0.62	0.45	0.77	0.86	CBRE
FRPH	0.7	-0.33	0.37	-0.04	-0.3	0.62		0.58	0.27	0.52	FRPH
MMI	0.4	0.0	0.41	-0.41	-0.09	0.45	0.58		0.18	0.21	MMI
JLL	0.38	-0.38	0.73	0.55	-0.2	0.77	0.27	0.18		0.7	JLL
FSV	0.74	-0.7	0.51	0.22	-0.35	0.86	0.52	0.21	0.7		FSV
	IRS	HOUS	NMRK	WRFRF	NYC	CBRE	FRPH	MMI	JLL	FSV

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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

FSV	+ 0.86	CBRE
CBRE	+ 0.82	IRS
JLL	+ 0.77	CBRE
FSV	+ 0.74	IRS
JLL	+ 0.73	NMRK
FRPH	+ 0.7	IRS

High negative correlations

FSV	- 0.7	HOUS
CBRE	- 0.69	HOUS
HOUS	- 0.65	IRS
MMI	- 0.41	WRFRF
NYC	- 0.41	IRS
CBRE	- 0.4	NYC

Risk-Adjusted Indicators

There is a big difference between Aztec Pink Sheet performing well and Aztec Land 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 Aztec Land'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
IRS	2.06	0.69	0.31	1.32	1.58	(2.61)	4.84	(2.65)	16.78
HOUS	2.90	(0.22)	0.00	(0.09)	0.00	0.00	6.89	(5.35)	19.60
NMRK	1.41	0.17	0.07	0.44	1.55	(1.59)	2.88	(2.40)	10.07
WRFRF	2.29	0.37	0.04	4.86	2.65	(7.26)	9.94	(6.23)	42.73
NYC	2.13	(0.02)	0.00	0.24	0.00	0.00	5.10	(4.10)	14.68
CBRE	1.15	0.23	0.12	2.25	1.06	(1.40)	2.42	(1.72)	12.38
FRPH	1.00	0.05	0.03	0.15	1.03	(1.15)	2.19	(1.94)	5.60
MMI	1.37	(0.01)	0.01	0.10	1.50	(1.50)	4.32	(2.59)	9.67
JLL	1.36	0.06	(0.01)	0.43	1.68	(1.45)	3.17	(2.20)	11.41
FSV	0.79	0.13	0.05	0.69	0.71	(0.85)	1.88	(1.24)	4.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aztec Land 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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