Cresud SA Correlations

CRES Stock

ARS 1,425 30.00 2.06%

The current 90-days correlation between Cresud SA and Molinos Agro SA is 0.18 (i.e., Average diversification). The correlation of Cresud SA 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.

Cresud SA Correlation With Market

Average diversification

The correlation between Cresud SA and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cresud SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cresud Stock

0.86	MOLA	Molinos Agro SA	Pair Corr
0.86	SAMI	San Miguel AG	Pair Corr
0.92	LEDE	Ledesma SAAI	Pair Corr
0.83	MORI	Morixe Hermanos SACI	Pair Corr
0.87	DISN	Walt Disney	Pair Corr
0.9	WMT	Walmart	Pair Corr
0.69	AXP	American Express	Pair Corr
0.61	ALUA	Aluar Aluminio Argentino	Pair Corr
0.93	TGSU2	Transportadora de Gas	Pair Corr
0.88	BYMA	Bolsas y Mercados	Pair Corr
0.94	CEPU	Central Puerto SA	Pair Corr
0.86	BBAR	BBVA Banco Frances	Pair Corr

Moving against Cresud Stock

0.83	JNJ	Johnson Johnson	Pair Corr
0.49	PFE	Pfizer Inc	Pair Corr
0.49	MRK	Merck Company	Pair Corr
0.44	SEMI	Molinos Juan Semino Split	Pair Corr
0.42	PG	Procter Gamble DRC	Pair Corr

Related Correlations Analysis

	MOLA	CRES	SAMI	LEDE	INVJ	MORI	SEMI
MOLA		0.86	0.62	0.82	0.29	0.88	-0.72	MOLA
CRES	0.86		0.86	0.92	0.54	0.83	-0.44	CRES
SAMI	0.62	0.86		0.83	0.81	0.75	-0.06	SAMI
LEDE	0.82	0.92	0.83		0.61	0.78	-0.44	LEDE
INVJ	0.29	0.54	0.81	0.61		0.5	0.27	INVJ
MORI	0.88	0.83	0.75	0.78	0.5		-0.53	MORI
SEMI	-0.72	-0.44	-0.06	-0.44	0.27	-0.53		SEMI
	MOLA	CRES	SAMI	LEDE	INVJ	MORI	SEMI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

LEDE	+ 0.92	CRES
MORI	+ 0.88	MOLA
CRES	+ 0.86	MOLA
SAMI	+ 0.86	CRES
MORI	+ 0.83	CRES
LEDE	+ 0.83	SAMI

High negative correlations

SEMI	- 0.72	MOLA
SEMI	- 0.53	MORI
SEMI	- 0.44	LEDE
SEMI	- 0.44	CRES
SEMI	- 0.06	SAMI

Risk-Adjusted Indicators

There is a big difference between Cresud Stock performing well and Cresud SA 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 Cresud SA'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
MOLA	3.01	0.71	0.22	0.82	2.66	(3.60)	6.38	(4.55)	24.41
CRES	2.27	0.37	0.13	1.10	2.45	(2.53)	5.00	(4.18)	11.02
SAMI	2.47	0.25	0.08	(1.18)	2.64	(2.88)	6.45	(4.49)	13.68
LEDE	1.77	0.55	0.22	3.18	1.83	(2.06)	5.43	(3.00)	13.46
INVJ	1.92	0.04	0.01	0.13	2.18	(2.24)	4.86	(3.40)	11.92
MORI	3.16	0.08	0.02	(0.10)	3.12	(3.81)	7.89	(4.95)	19.83
SEMI	3.63	(1.17)	0.00	(0.28)	0.00	0.00	7.42	(4.76)	85.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cresud SA 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 Volatility Analysis Now

Volatility Analysis

Get historical volatility and risk analysis based on latest market data

All Next

Launch Module

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

2024 Macroaxis LLC