Corporacion America Correlations

CAAP Stock

USD 18.33 0.21 1.13%

The current 90-days correlation between Corporacion America and Flughafen Zrich AG is 0.07 (i.e., Significant diversification). The correlation of Corporacion America 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.

Corporacion America Correlation With Market

Significant diversification

The correlation between Corporacion America Airports and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corporacion America Airports and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corporacion America Airports. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Corporacion Stock

0.32	J	Jacobs Solutions	Pair Corr
0.53	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.5	GP	GreenPower Motor	Pair Corr
0.5	MG	Mistras Group	Pair Corr
0.47	HY	Hyster Yale Materials	Pair Corr
0.46	GD	General Dynamics Earnings Call This Week	Pair Corr
0.39	BW	Babcock Wilcox Enter	Pair Corr
0.38	CP	Canadian Pacific Railway	Pair Corr
0.44	PC	Premium Catering	Pair Corr
0.37	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	ASR	PAC	ASLE	FLGZY	OMAB	ARRPY	APTPF	AUKNY	ANNSF	ANYYY
ASR		-0.2	-0.53	0.07	0.08	0.2	-0.04	0.48	0.4	0.44	ASR
PAC	-0.2		0.79	0.33	0.69	-0.24	0.25	-0.02	-0.55	-0.56	PAC
ASLE	-0.53	0.79		0.22	0.52	-0.3	0.11	-0.2	-0.76	-0.75	ASLE
FLGZY	0.07	0.33	0.22		0.79	-0.24	0.49	0.53	-0.27	-0.3	FLGZY
OMAB	0.08	0.69	0.52	0.79		-0.39	0.32	0.46	-0.55	-0.56	OMAB
ARRPY	0.2	-0.24	-0.3	-0.24	-0.39		0.06	-0.39	0.33	0.33	ARRPY
APTPF	-0.04	0.25	0.11	0.49	0.32	0.06		-0.03	0.12	0.1	APTPF
AUKNY	0.48	-0.02	-0.2	0.53	0.46	-0.39	-0.03		0.02	0.03	AUKNY
ANNSF	0.4	-0.55	-0.76	-0.27	-0.55	0.33	0.12	0.02		0.95	ANNSF
ANYYY	0.44	-0.56	-0.75	-0.3	-0.56	0.33	0.1	0.03	0.95		ANYYY
	ASR	PAC	ASLE	FLGZY	OMAB	ARRPY	APTPF	AUKNY	ANNSF	ANYYY

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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

ANYYY	+ 0.95	ANNSF
ASLE	+ 0.79	PAC
OMAB	+ 0.79	FLGZY
OMAB	+ 0.69	PAC
AUKNY	+ 0.53	FLGZY
OMAB	+ 0.52	ASLE

High negative correlations

ANNSF	- 0.76	ASLE
ANYYY	- 0.75	ASLE
ANYYY	- 0.56	OMAB
ANYYY	- 0.56	PAC
ANNSF	- 0.55	OMAB
ANNSF	- 0.55	PAC

Risk-Adjusted Indicators

There is a big difference between Corporacion Stock performing well and Corporacion America 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 Corporacion America'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
ASR	1.29	(0.05)	0.00	(0.14)	0.00	0.00	2.96	(2.58)	8.13
PAC	1.51	0.16	0.08	0.38	1.62	(1.73)	3.99	(2.81)	9.70
ASLE	1.82	0.44	0.18	2.50	1.89	(2.01)	4.38	(2.71)	13.41
FLGZY	0.40	0.01	0.00	0.11	0.00	0.00	0.00	(1.45)	7.45
OMAB	1.75	0.23	0.10	0.72	2.05	(1.89)	3.71	(3.74)	9.15
ARRPY	0.66	(0.23)	0.00	2.07	0.00	0.00	0.00	(3.80)	13.09
APTPF	5.86	0.80	0.06	(27.33)	7.56	(10.47)	18.92	(13.89)	71.41
AUKNY	0.87	0.02	0.00	(0.30)	1.34	(4.14)	2.61	(3.74)	15.85
ANNSF	0.69	(0.14)	0.00	1.71	0.00	0.00	1.57	(1.78)	5.61
ANYYY	1.09	(0.11)	0.00	(0.31)	0.00	0.00	1.83	(2.51)	6.48

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