Compañía Cervecerías Correlations
| CVU Stock | EUR 12.00 0.20 1.64% |
The correlation of Compañía Cervecerías 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.
Compañía Cervecerías Correlation With Market
Poor diversification
The correlation between Compaa Cerveceras Unidas and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compaa Cerveceras Unidas and DJI in the same portfolio, assuming nothing else is changed.
Compañía |
The ability to find closely correlated positions to Compañía Cervecerías could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compañía Cervecerías 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 Compañía Cervecerías - 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 Compaa Cerveceras Unidas to buy it.
Moving together with Compañía Stock
| 0.7 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.61 | KBIA | KB Financial Group | PairCorr |
| 0.89 | LFL0 | LATAM Airlines Group | PairCorr |
| 0.9 | BSA | Banco Santander Chile | PairCorr |
| 0.89 | G4RA | Banco de Chile | PairCorr |
| 0.8 | SVM | Sovereign Metals | PairCorr |
| 0.74 | TOTB | TotalEnergies SE | PairCorr |
| 0.78 | P3G | Suntec Real Estate | PairCorr |
| 0.85 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.88 | 0W2 | Westgold Resources | PairCorr |
| 0.84 | BHP1 | BHP Group Limited | PairCorr |
| 0.85 | UNC | UCB SA | PairCorr |
| 0.74 | GEH | Cembra Money Bank Earnings Call This Week | PairCorr |
| 0.84 | EMR | Emerson Electric | PairCorr |
| 0.75 | NNGF | National Grid PLC | PairCorr |
| 0.78 | AMK | Amkor Technology | PairCorr |
| 0.83 | CIN | COMINTL BK GDR Earnings Call Tomorrow | PairCorr |
| 0.85 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.78 | MSGL | msg life ag | PairCorr |
| 0.79 | UEO | Westlake Chemical Earnings Call Next Week | PairCorr |
| 0.78 | RY6 | Realty Income Earnings Call Next Week | PairCorr |
| 0.63 | DP4B | AP Mller | PairCorr |
| 0.9 | PUR | Paladin Energy | PairCorr |
| 0.64 | GUV | Graphisoft Park SE Earnings Call This Week | PairCorr |
| 0.85 | MNZ | GATTACA PLC LS | PairCorr |
| 0.83 | JOT | ELEKTROBIT Earnings Call This Week | PairCorr |
| 0.72 | 2SF | Sparebank 1 Ostlandet | PairCorr |
| 0.63 | HEI | Heidelberg Materials | PairCorr |
Moving against Compañía Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Compañía Stock performing well and Compañía Cervecerías 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 Compañía Cervecerías' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SK3 | 0.75 | 0.07 | 0.01 | 0.96 | 1.04 | 2.00 | 8.61 | |||
| SK3 | 1.89 | 0.65 | 0.32 | (1.18) | 1.21 | 4.67 | 7.36 | |||
| 1I8 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| O08 | 4.86 | 0.45 | 0.05 | 0.38 | 5.05 | 10.00 | 41.56 | |||
| MTO | 0.86 | (0.12) | 0.00 | (3.36) | 0.00 | 2.01 | 7.25 | |||
| MTO | 1.17 | (0.17) | 0.00 | (0.15) | 0.00 | 2.45 | 7.35 | |||
| MTO | 1.26 | (0.11) | 0.00 | (0.21) | 0.00 | 2.11 | 7.34 | |||
| DC3A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 3EJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 7UP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Compañía Cervecerías Corporate Management
Elected by the shareholders, the Compañía Cervecerías' board of directors comprises two types of representatives: Compañía Cervecerías inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Compañía. The board's role is to monitor Compañía Cervecerías' management team and ensure that shareholders' interests are well served. Compañía Cervecerías' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Compañía Cervecerías' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Barbara Wolff | Corporate Officer | Profile | |
| Claudio Heras | Head Relations | Profile | |
| Patricio Nasrallah | Chief Officer | Profile | |
| Antonio Cruz | Corporate Manager | Profile | |
| Felipe Benavides | General Counsel | Profile | |
| Martn Rodriguez | Head Innovation | Profile |