Grupo Financiero Correlations

GGAL Stock

USD 67.48 1.82 2.63%

The current 90-days correlation between Grupo Financiero Galicia and BBVA Banco Frances is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Financiero moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Financiero Galicia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Financiero Correlation With Market

Modest diversification

The correlation between Grupo Financiero Galicia and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Financiero Galicia and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grupo Financiero Galicia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Grupo Stock

0.75	VABK	Virginia National	Pair Corr
0.75	VBNK	VersaBank Normal Trading	Pair Corr
0.71	EBMT	Eagle Bancorp Montana	Pair Corr
0.71	EGBN	Eagle Bancorp	Pair Corr
0.69	VBTX	Veritex Holdings	Pair Corr
0.65	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.64	AX	Axos Financial	Pair Corr
0.59	RF	Regions Financial	Pair Corr
0.58	TFC-PI	Truist Financial	Pair Corr
0.57	BY	Byline Bancorp	Pair Corr
0.55	ECBK	ECB Bancorp	Pair Corr
0.54	TFC-PO	Truist Financial	Pair Corr
0.53	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.52	NU	Nu Holdings Aggressive Push	Pair Corr
0.47	CFG-PE	Citizens Financial	Pair Corr
0.45	PB	Prosperity Bancshares	Pair Corr
0.41	TFC-PR	Truist Financial	Pair Corr
0.33	CFG-PH	Citizens Financial Group,	Pair Corr
0.33	EFSC	Enterprise Financial Normal Trading	Pair Corr
0.75	KEY-PK	KeyCorp	Pair Corr
0.74	KEY-PJ	KeyCorp	Pair Corr
0.74	WAFD	Washington Federal	Pair Corr
0.74	WASH	Washington Trust Bancorp	Pair Corr
0.69	WABC	Westamerica Bancorporation	Pair Corr
0.67	WMPN	William Penn Bancorp	Pair Corr
0.66	EQBK	Equity Bancshares,	Pair Corr
0.53	EWBC	East West Bancorp	Pair Corr
0.45	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	SUPV	BBAR	ITUB	BBD	BMA	BBDO	AVAL	BSBR	LYG
SUPV		0.95	-0.68	-0.54	0.82	-0.6	0.5	-0.64	0.21	SUPV
BBAR	0.95		-0.49	-0.37	0.74	-0.38	0.61	-0.44	0.38	BBAR
ITUB	-0.68	-0.49		0.84	-0.68	0.95	0.08	0.98	0.39	ITUB
BBD	-0.54	-0.37	0.84		-0.79	0.85	0.24	0.83	0.32	BBD
BMA	0.82	0.74	-0.68	-0.79		-0.62	0.08	-0.66	-0.03	BMA
BBDO	-0.6	-0.38	0.95	0.85	-0.62		0.08	0.93	0.36	BBDO
AVAL	0.5	0.61	0.08	0.24	0.08	0.08		0.1	0.75	AVAL
BSBR	-0.64	-0.44	0.98	0.83	-0.66	0.93	0.1		0.37	BSBR
LYG	0.21	0.38	0.39	0.32	-0.03	0.36	0.75	0.37		LYG
	SUPV	BBAR	ITUB	BBD	BMA	BBDO	AVAL	BSBR	LYG

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

BSBR	+ 0.98	ITUB
BBAR	+ 0.95	SUPV
BBDO	+ 0.95	ITUB
BSBR	+ 0.93	BBDO
BBDO	+ 0.85	BBD
BBD	+ 0.84	ITUB

High negative correlations

BMA	- 0.79	BBD
BMA	- 0.68	ITUB
ITUB	- 0.68	SUPV
BSBR	- 0.66	BMA
BSBR	- 0.64	SUPV
BBDO	- 0.62	BMA

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Financiero 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 Grupo Financiero'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
SUPV	3.09	1.01	0.29	0.90	2.69	(3.75)	7.58	(6.30)	23.59
BBAR	3.30	0.73	0.20	0.46	3.39	(3.78)	8.44	(5.94)	21.69
ITUB	1.43	(0.08)	0.00	(0.10)	0.00	0.00	2.74	(3.24)	10.18
BBD	1.80	0.00	0.00	0.00	0.00	0.00	3.63	(4.29)	10.75
BMA	2.76	0.45	0.11	(0.61)	2.80	(3.44)	7.74	(6.01)	23.19
BBDO	1.76	(0.03)	0.00	(0.08)	0.00	0.00	2.97	(3.70)	11.42
AVAL	1.46	0.53	0.31	1.09	0.99	(1.91)	2.99	(2.39)	11.45
BSBR	1.73	(0.09)	0.00	(0.04)	0.00	0.00	3.66	(4.48)	10.10
LYG	1.23	0.11	0.04	0.57	1.36	(1.48)	2.60	(2.64)	7.71

Grupo Financiero Corporate Management

Diego Rivas	Chief Officer	Profile
Ezequiel Valls	Chief Officer	Profile
Adrian Pedemonte	Head Relations	Profile
Pablo Firvida	Investor Officer	Profile
Bruno Folino	Chief Officer	Profile
Jose Ronsini	Chief Financial and Administrative 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

2024 Macroaxis LLC