CEMEXCPO(2SHS A+1SHS Correlations

CEXB Stock

EUR 1.05 0.03 2.78%

The current 90-days correlation between CEMEXCPO(2SHS A+1SHS and DANAHER is 0.14 (i.e., Average diversification). The correlation of CEMEXCPO(2SHS A+1SHS 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.

CEMEXCPO(2SHS A+1SHS Correlation With Market

Very poor diversification

The correlation between CEMEXCPO and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEMEXCPO and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CEMEXCPO(2SHS A+1SHS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CEMEXCPO(2SHS A+1SHS 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 CEMEXCPO(2SHS A+1SHS - 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 CEMEXCPO to buy it.

Moving together with CEMEXCPO(2SHS Stock

0.66	6MK	Merck	Pair Corr
0.74	4I1	Philip Morris Intern	Pair Corr
0.87	HBC1	HSBC HLDG Earnings Call This Week	Pair Corr
0.91	NSE	Nomura Holdings	Pair Corr
0.81	7PI	Poste Italiane SpA	Pair Corr
0.86	7RY	Ryerson Holding	Pair Corr
0.68	PD0	Pebblebrook Hotel Trust Earnings Call This Week	Pair Corr
0.85	K34	Konecranes Plc	Pair Corr
0.72	RH7	RYMAN HEALTHCAR	Pair Corr
0.82	BSI	BE Semiconductor Ind	Pair Corr
0.78	UTDI	UNITED INTERNET N	Pair Corr
0.81	ASME	ASML Holding NV	Pair Corr
0.74	D9W	Designer Brands	Pair Corr
0.93	KGHA	KGHM Polska Miedz	Pair Corr
0.73	6HW	BANK HANDLOWY	Pair Corr
0.71	LOR	LOral SA	Pair Corr
0.87	ST2	Sturm Ruger	Pair Corr
0.71	HKT	HK Electric Investments	Pair Corr
0.84	NZR	NZ REFINING CO Earnings Call This Week	Pair Corr
0.76	OTP	OTP Bank Nyrt	Pair Corr
0.76	G1MN	Globex Mining Enterprises	Pair Corr
0.85	2SF	Sparebank 1 Ostlandet	Pair Corr
0.87	HBC1	HSBC Holdings plc Earnings Call This Week	Pair Corr
0.9	4FO	Industrias Penoles Sab	Pair Corr

Moving against CEMEXCPO(2SHS Stock

0.72	PP1	Papa Johns International Earnings Call This Week	Pair Corr
0.68	ABL	Abbott Laboratories	Pair Corr
0.38	QB3	Quebecor Earnings Call This Week	Pair Corr
0.37	HK2C	Hong Kong Exchanges Earnings Call This Week	Pair Corr
0.42	8LU	TAURUS ENERGY AB	Pair Corr

Related Correlations Analysis

	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C
ABL		0.53	-0.64	-0.15	-0.8	-0.26	-0.81	-0.51	-0.81	0.17	ABL
DAP	0.53		-0.4	0.34	-0.48	-0.26	-0.74	-0.65	-0.33	0.01	DAP
6MK	-0.64	-0.4		-0.32	0.87	0.3	0.83	0.72	0.83	-0.03	6MK
AMD	-0.15	0.34	-0.32		-0.03	0.0	-0.16	-0.29	0.02	0.3	AMD
4I1	-0.8	-0.48	0.87	-0.03		0.35	0.88	0.68	0.89	0.06	4I1
W8V	-0.26	-0.26	0.3	0.0	0.35		0.38	0.43	0.21	0.4	W8V
TOTB	-0.81	-0.74	0.83	-0.16	0.88	0.38		0.81	0.77	0.04	TOTB
AMG	-0.51	-0.65	0.72	-0.29	0.68	0.43	0.81		0.46	0.31	AMG
HBC1	-0.81	-0.33	0.83	0.02	0.89	0.21	0.77	0.46		-0.19	HBC1
HK2C	0.17	0.01	-0.03	0.3	0.06	0.4	0.04	0.31	-0.19		HK2C
	ABL	DAP	6MK	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C

Please upgrade your account to get full access to Macroaxis premium features

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

HBC1	+ 0.89	4I1
TOTB	+ 0.88	4I1
4I1	+ 0.87	6MK
TOTB	+ 0.83	6MK
HBC1	+ 0.83	6MK
AMG	+ 0.81	TOTB

High negative correlations

HBC1	- 0.81	ABL
TOTB	- 0.81	ABL
4I1	- 0.8	ABL
TOTB	- 0.74	DAP
AMG	- 0.65	DAP
6MK	- 0.64	ABL

Risk-Adjusted Indicators

There is a big difference between CEMEXCPO(2SHS Stock performing well and CEMEXCPO(2SHS A+1SHS 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 CEMEXCPO(2SHS A+1SHS'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
ABL	1.08	(0.18)	0.00	0.35	0.00	0.00	1.91	(2.11)	14.56
DAP	1.25	(0.08)	0.00	0.31	0.00	0.00	2.32	(2.98)	8.54
6MK	1.31	0.41	0.20	(0.96)	1.22	(1.55)	3.38	(2.23)	8.41
AMD	2.62	(0.26)	0.00	0.75	0.00	0.00	6.13	(5.57)	24.55
4I1	1.13	0.25	0.12	(2.76)	1.23	(1.25)	2.89	(2.55)	7.67
W8V	1.56	0.02	0.00	0.10	2.79	(3.29)	2.08	(2.04)	24.03
TOTB	0.95	0.26	0.17	6.47	0.87	(1.08)	2.23	(1.62)	5.97
AMG	1.45	0.19	0.05	(0.40)	1.62	(1.53)	3.66	(2.86)	10.69
HBC1	1.12	0.26	0.13	1.16	1.28	(1.30)	2.99	(1.86)	8.75
HK2C	0.38	(0.10)	0.00	(1.21)	0.00	0.00	1.27	(1.22)	3.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in CEMEXCPO(2SHS A+1SHS 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.

Did you try this?

Run Crypto Correlations Now

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

All Next

Launch Module

CEMEXCPO(2SHS A+1SHS Corporate Management

Elected by the shareholders, the CEMEXCPO(2SHS A+1SHS's board of directors comprises two types of representatives: CEMEXCPO(2SHS A+1SHS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CEMEXCPO(2SHS. The board's role is to monitor CEMEXCPO(2SHS A+1SHS's management team and ensure that shareholders' interests are well served. CEMEXCPO(2SHS A+1SHS'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, CEMEXCPO(2SHS A+1SHS's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jose Flores	Executive Development	Profile
Louisa Rodriguez	Corporate Relations	Profile
Mauricio Cobian	Executive Affairs	Profile
Engineer Echavez	Organization Digital	Profile
Jaime Domnguez	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC