Farmacias Benavides Correlations

BEVIDESB

MXN 20.00 0.60 3.09%

The correlation of Farmacias Benavides 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.

Farmacias Benavides Correlation With Market

Significant diversification

The correlation between Farmacias Benavides SAB and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Farmacias Benavides SAB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Farmacias Stock

0.66

FEMSAUBD

Fomento Econmico Mexicano

Pair Corr

Moving against Farmacias Stock

0.59	GAPB	Grupo Aeroportuario del	Pair Corr
0.59	PINFRA	Promotora y Operadora	Pair Corr
0.54	VISTAA	Vista Oil Gas	Pair Corr

Related Correlations Analysis

	SMSNN	CAR	BLK	CMG	GS	BMWM5N	VLO	AMP	LMT
SMSNN		-0.13	-0.88	-0.81	-0.87	-0.19	-0.72	-0.68	0.4	SMSNN
CAR	-0.13		0.09	0.37	0.25	-0.02	0.37	0.41	-0.15	CAR
BLK	-0.88	0.09		0.82	0.9	0.18	0.76	0.67	-0.34	BLK
CMG	-0.81	0.37	0.82		0.87	0.07	0.71	0.83	-0.53	CMG
GS	-0.87	0.25	0.9	0.87		0.13	0.83	0.76	-0.49	GS
BMWM5N	-0.19	-0.02	0.18	0.07	0.13		0.24	0.18	-0.14	BMWM5N
VLO	-0.72	0.37	0.76	0.71	0.83	0.24		0.74	-0.38	VLO
AMP	-0.68	0.41	0.67	0.83	0.76	0.18	0.74		-0.62	AMP
LMT	0.4	-0.15	-0.34	-0.53	-0.49	-0.14	-0.38	-0.62		LMT
	SMSNN	CAR	BLK	CMG	GS	BMWM5N	VLO	AMP	LMT

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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

GS	+ 0.9	BLK
GS	+ 0.87	CMG
AMP	+ 0.83	CMG
VLO	+ 0.83	GS
CMG	+ 0.82	BLK
VLO	+ 0.76	BLK

High negative correlations

BLK	- 0.88	SMSNN
GS	- 0.87	SMSNN
CMG	- 0.81	SMSNN
VLO	- 0.72	SMSNN
AMP	- 0.68	SMSNN
LMT	- 0.62	AMP

Risk-Adjusted Indicators

There is a big difference between Farmacias Stock performing well and Farmacias Benavides 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 Farmacias Benavides' 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
SMSNN	1.05	(0.46)	0.00	(1.03)	0.00	0.00	0.00	(5.45)	12.87
CAR	0.87	0.20	0.00	(0.45)	0.00	0.00	0.00	0.00	28.97
BLK	1.13	0.32	0.14	1.67	0.81	(2.03)	2.41	(2.42)	11.50
CMG	1.64	0.31	0.11	2.91	1.72	(2.06)	3.72	(2.81)	11.18
GS	1.35	0.31	0.14	1.22	1.09	(2.21)	3.66	(2.73)	17.93
BMWM5N	0.58	(0.06)	0.00	(0.59)	0.00	0.00	0.00	0.00	12.61
VLO	0.73	0.04	(0.01)	0.65	1.33	(2.06)	2.73	(2.51)	13.20
AMP	1.01	0.30	0.00	0.50	0.00	0.00	0.02	(0.02)	29.66
LMT	0.82	(0.20)	0.00	(0.41)	0.00	0.00	3.16	(3.06)	10.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Farmacias Benavides 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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Farmacias Benavides Corporate Management

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

Marco Garca	IT Director	Profile
Enrique HinojosaGallaga	Sec	Profile
Manuel Garca	Sales North	Profile
Luis Demis	F Director	Profile

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