CEMEX SAB Correlations

CXMSF Stock

USD 0.55 0.01 1.85%

The current 90-days correlation between CEMEX SAB de and Vulcan Materials is 0.09 (i.e., Significant diversification). The correlation of CEMEX SAB 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.

CEMEX SAB Correlation With Market

Significant diversification

The correlation between CEMEX SAB de and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CEMEX SAB de and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against CEMEX Pink Sheet

0.69	CRHCF	CRH Plc	Pair Corr
0.6	BMYMP	Bristol Myers Squibb	Pair Corr
0.59	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.58	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.57	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.57	GM	General Motors Aggressive Push	Pair Corr
0.53	VMC	Vulcan Materials	Pair Corr
0.51	OHI	Omega Healthcare Inv Sell-off Trend	Pair Corr
0.5	MLM	Martin Marietta Materials	Pair Corr
0.5	CTAS	Cintas	Pair Corr
0.49	CRH	CRH PLC ADR	Pair Corr
0.48	DXYZ	Destiny Tech100	Pair Corr
0.47	AMZN	Amazon Inc	Pair Corr
0.47	DECK	Deckers Outdoor	Pair Corr
0.46	ACHR	Archer Aviation Trending	Pair Corr
0.43	NVDA	NVIDIA	Pair Corr
0.43	RCAT	Red Cat Holdings Trending	Pair Corr
0.36	HCMLY	Lafargeholcim ADR	Pair Corr
0.33	GOOG	Alphabet Class C	Pair Corr
0.32	HCMLF	Holcim	Pair Corr
0.65	SNA	Snap On	Pair Corr
0.63	NDAQ	Nasdaq Inc	Pair Corr
0.62	CFLT	Confluent	Pair Corr
0.62	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.59	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.59	LMND	Lemonade Trending	Pair Corr
0.58	TTWO	Take Two Interactive	Pair Corr

Related Correlations Analysis

	VMC	MLM	EXP	CRH	SUM	XYIGF	CTXXF	AHCHY	BASA	IBJHF
VMC		0.96	0.79	0.97	0.96	0.66	-0.53	0.45	0.4	0.0	VMC
MLM	0.96		0.81	0.93	0.93	0.75	-0.56	0.51	0.52	0.0	MLM
EXP	0.79	0.81		0.86	0.69	0.67	-0.7	0.71	0.64	0.0	EXP
CRH	0.97	0.93	0.86		0.93	0.67	-0.6	0.52	0.44	0.0	CRH
SUM	0.96	0.93	0.69	0.93		0.67	-0.46	0.4	0.39	0.0	SUM
XYIGF	0.66	0.75	0.67	0.67	0.67		-0.6	0.53	0.65	0.0	XYIGF
CTXXF	-0.53	-0.56	-0.7	-0.6	-0.46	-0.6		-0.81	-0.72	0.0	CTXXF
AHCHY	0.45	0.51	0.71	0.52	0.4	0.53	-0.81		0.87	0.0	AHCHY
BASA	0.4	0.52	0.64	0.44	0.39	0.65	-0.72	0.87		0.0	BASA
IBJHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IBJHF
	VMC	MLM	EXP	CRH	SUM	XYIGF	CTXXF	AHCHY	BASA	IBJHF

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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

CRH	+ 0.97	VMC
MLM	+ 0.96	VMC
SUM	+ 0.96	VMC
CRH	+ 0.93	MLM
SUM	+ 0.93	MLM
SUM	+ 0.93	CRH

High negative correlations

AHCHY	- 0.81	CTXXF
BASA	- 0.72	CTXXF
CTXXF	- 0.7	EXP
CTXXF	- 0.6	XYIGF
CTXXF	- 0.6	CRH
CTXXF	- 0.56	MLM

Risk-Adjusted Indicators

There is a big difference between CEMEX Pink Sheet performing well and CEMEX SAB 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 CEMEX SAB'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
VMC	1.20	0.06	0.07	0.17	1.20	(1.37)	2.79	(2.39)	8.27
MLM	1.20	0.00	0.02	0.12	1.51	(1.23)	2.71	(2.61)	8.83
EXP	1.39	0.13	0.12	0.20	1.40	(1.56)	3.13	(2.12)	9.50
CRH	1.05	0.10	0.07	0.22	1.21	(1.09)	2.72	(2.08)	6.07
SUM	1.71	0.23	0.14	0.26	1.74	(1.92)	4.18	(2.73)	9.88
XYIGF	1.41	0.35	0.00	0.51	0.00	0.00	1.85	(1.85)	43.86
CTXXF	3.20	(0.08)	0.00	0.78	0.00	0.00	10.53	(9.52)	39.02
AHCHY	2.55	0.33	0.07	1.67	3.08	(2.90)	5.94	(4.19)	22.18
BASA	15.85	5.11	0.32	(2.20)	11.08	(22.47)	50.00	(20.69)	140.86
IBJHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in CEMEX SAB 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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CEMEX SAB Corporate Management

Engineer Echvez	Organization Digital	Profile
Rafael CPA	Chief Comptroller	Profile
Louisa Rodriguez	Corp Relations	Profile
Jaime Domnguez	Pres USA	Profile

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