Bolsa Mexicana Correlations

BC51 Stock

EUR 1.48 0.13 8.07%

The current 90-days correlation between Bolsa Mexicana de and CME Group is -0.03 (i.e., Good diversification). The correlation of Bolsa Mexicana 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.

Bolsa Mexicana Correlation With Market

Modest diversification

The correlation between Bolsa Mexicana de and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bolsa Mexicana de and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	MX4A	IC2	HK2C	LS4C	DB1	63DA	AUX	ENXB	9TX	BC51
MX4A		0.54	0.25	0.86	0.79	0.72	0.75	0.82	0.74	0.03	MX4A
IC2	0.54		0.19	0.32	0.53	0.44	0.72	0.48	0.28	0.41	IC2
HK2C	0.25	0.19		0.05	0.32	0.37	0.4	0.0	0.01	-0.1	HK2C
LS4C	0.86	0.32	0.05		0.72	0.67	0.54	0.83	0.74	-0.05	LS4C
DB1	0.79	0.53	0.32	0.72		0.9	0.69	0.76	0.4	0.09	DB1
63DA	0.72	0.44	0.37	0.67	0.9		0.62	0.7	0.38	0.13	63DA
AUX	0.75	0.72	0.4	0.54	0.69	0.62		0.58	0.51	0.21	AUX
ENXB	0.82	0.48	0.0	0.83	0.76	0.7	0.58		0.57	0.11	ENXB
9TX	0.74	0.28	0.01	0.74	0.4	0.38	0.51	0.57		0.02	9TX
BC51	0.03	0.41	-0.1	-0.05	0.09	0.13	0.21	0.11	0.02		BC51
	MX4A	IC2	HK2C	LS4C	DB1	63DA	AUX	ENXB	9TX	BC51

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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

63DA	+ 0.9	DB1
LS4C	+ 0.86	MX4A
ENXB	+ 0.83	LS4C
ENXB	+ 0.82	MX4A
DB1	+ 0.79	MX4A
ENXB	+ 0.76	DB1

High negative correlations

BC51	- 0.1	HK2C
BC51	- 0.05	LS4C
ENXB	- 0.0	HK2C

Risk-Adjusted Indicators

There is a big difference between Bolsa Stock performing well and Bolsa Mexicana 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 Bolsa Mexicana'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
MX4A	0.88	0.20	0.06	(2.48)	0.97	(1.02)	2.08	(1.49)	10.01
IC2	1.08	(0.10)	(0.04)	0.04	1.69	(1.13)	1.81	(1.42)	14.73
HK2C	2.69	0.77	0.19	(18.21)	2.63	(3.14)	7.39	(4.18)	29.15
LS4C	1.43	0.09	0.02	0.28	1.41	(1.91)	2.92	(2.34)	9.69
DB1	0.84	0.05	(0.04)	0.34	1.02	(0.80)	1.73	(1.51)	4.79
63DA	0.80	0.12	0.00	(2.74)	0.94	(1.18)	1.89	(1.89)	4.84
AUX	0.92	0.08	0.00	0.35	1.06	(1.17)	1.99	(1.55)	7.88
ENXB	0.95	0.14	0.00	(0.62)	1.15	(1.11)	2.32	(1.60)	8.02
9TX	1.24	0.04	(0.02)	0.25	1.51	(1.73)	2.20	(2.75)	13.01
BC51	2.55	(0.02)	(0.01)	0.09	3.09	(2.90)	5.37	(5.16)	17.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bolsa Mexicana 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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Bolsa Mexicana Corporate Management

Elected by the shareholders, the Bolsa Mexicana's board of directors comprises two types of representatives: Bolsa Mexicana inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bolsa. The board's role is to monitor Bolsa Mexicana's management team and ensure that shareholders' interests are well served. Bolsa Mexicana's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bolsa Mexicana's outside directors are responsible for providing unbiased perspectives on the board's policies.

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