Almacenes Xito Correlations

EXTO Stock

3.82 0.02 0.53%

The current 90-days correlation between Almacenes xito SA and Liquidity Services is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almacenes Xito moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almacenes xito SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Almacenes Xito Correlation With Market

Modest diversification

The correlation between Almacenes xito SA and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Almacenes xito SA and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Almacenes xito SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Almacenes Stock

0.63	YI	111 Inc Earnings Call This Week	Pair Corr
0.63	DTCK	Davis Commodities	Pair Corr

Moving against Almacenes Stock

0.67	NGVC	Natural Grocers by Trending	Pair Corr
0.58	WMK	Weis Markets	Pair Corr
0.52	WMT	Walmart Aggressive Push	Pair Corr
0.49	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.49	IMKTA	Ingles Markets Earnings Call This Week	Pair Corr
0.48	SFM	Sprouts Farmers Market	Pair Corr
0.4	KR	Kroger Company Earnings Call This Week	Pair Corr
0.39	AVO	Mission Produce Fiscal Year End 19th of December 2024	Pair Corr
0.39	DDL	Dingdong ADR	Pair Corr
0.38	GO	Grocery Outlet Holding	Pair Corr
0.69	SW	Smurfit WestRock plc	Pair Corr
0.66	IP	International Paper	Pair Corr
0.66	DRVN	Driven Brands Holdings	Pair Corr
0.54	FLUT	Flutter Entertainment plc	Pair Corr
0.53	CHEF	Chefs Warehouse	Pair Corr
0.49	USFD	US Foods Holding	Pair Corr
0.48	COST	Costco Wholesale Corp	Pair Corr
0.43	DSHK	Drive Shack	Pair Corr

Related Correlations Analysis

	MOGU	IPW	JFBR	PIK	QRTEB	NHTC	LQDT	AKA	BABAF	QRTEP
MOGU		0.42	-0.03	-0.2	0.3	-0.46	-0.03	-0.37	0.59	0.42	MOGU
IPW	0.42		-0.74	-0.03	0.56	-0.12	-0.53	0.29	0.53	0.42	IPW
JFBR	-0.03	-0.74		-0.06	-0.52	-0.35	0.65	-0.46	-0.11	-0.03	JFBR
PIK	-0.2	-0.03	-0.06		-0.11	0.15	-0.14	0.21	-0.2	-0.22	PIK
QRTEB	0.3	0.56	-0.52	-0.11		0.24	-0.55	0.04	0.08	0.37	QRTEB
NHTC	-0.46	-0.12	-0.35	0.15	0.24		-0.22	0.29	-0.77	-0.23	NHTC
LQDT	-0.03	-0.53	0.65	-0.14	-0.55	-0.22		-0.29	-0.04	0.22	LQDT
AKA	-0.37	0.29	-0.46	0.21	0.04	0.29	-0.29		-0.17	-0.07	AKA
BABAF	0.59	0.53	-0.11	-0.2	0.08	-0.77	-0.04	-0.17		0.35	BABAF
QRTEP	0.42	0.42	-0.03	-0.22	0.37	-0.23	0.22	-0.07	0.35		QRTEP
	MOGU	IPW	JFBR	PIK	QRTEB	NHTC	LQDT	AKA	BABAF	QRTEP

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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

LQDT	+ 0.65	JFBR
BABAF	+ 0.59	MOGU
QRTEB	+ 0.56	IPW
BABAF	+ 0.53	IPW
IPW	+ 0.42	MOGU
QRTEP	+ 0.42	MOGU

High negative correlations

BABAF	- 0.77	NHTC
JFBR	- 0.74	IPW
LQDT	- 0.55	QRTEB
LQDT	- 0.53	IPW
QRTEB	- 0.52	JFBR
AKA	- 0.46	JFBR

Risk-Adjusted Indicators

There is a big difference between Almacenes Stock performing well and Almacenes Xito 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 Almacenes Xito'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
MOGU	3.44	(0.12)	(0.01)	0.04	3.90	(4.44)	8.67	(6.48)	32.91
IPW	6.67	(0.91)	0.00	(0.33)	0.00	0.00	13.81	(16.18)	67.04
JFBR	30.65	18.05	1.93	(0.79)	5.79	(44.23)	27.27	(10.53)	991.17
PIK	3.73	(0.14)	0.00	(0.23)	0.00	0.00	9.28	(9.35)	25.87
QRTEB	3.54	(0.18)	0.00	(0.11)	0.00	0.00	9.00	(6.62)	27.73
NHTC	1.60	(0.27)	0.00	(0.59)	0.00	0.00	2.85	(3.33)	13.19
LQDT	1.29	0.07	0.08	0.17	1.35	(1.36)	2.88	(2.17)	9.34
AKA	5.13	(0.26)	(0.01)	0.02	6.48	(5.90)	10.91	(10.91)	39.74
BABAF	3.72	(0.12)	0.01	0.07	4.55	(4.72)	10.04	(7.73)	27.45
QRTEP	1.33	(0.10)	(0.04)	0.04	1.94	(1.39)	3.45	(3.23)	9.82

Almacenes Xito Corporate Management

Claudia Velasquez	General Affairs	Profile
Carlos Moreno	Chief Officer	Profile
Juan Calle	Vice Resources	Profile
Jorge Chica	Head Accountant	Profile

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