Holcim Argentina Correlations
| HARG Stock | ARS 2,170 65.00 3.09% |
The current 90-days correlation between Holcim Argentina and Compania de Transporte is 0.13 (i.e., Average diversification). The correlation of Holcim Argentina 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.
Holcim Argentina Correlation With Market
Good diversification
The correlation between Holcim Argentina SA and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holcim Argentina SA and DJI in the same portfolio, assuming nothing else is changed.
Holcim |
The ability to find closely correlated positions to Holcim Argentina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Holcim Argentina 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 Holcim Argentina - 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 Holcim Argentina SA to buy it.
Moving together with Holcim Stock
| 0.86 | LOMA | Loma Negra Compania | PairCorr |
| 0.89 | YPFD | YPF SA D | PairCorr |
| 0.91 | CVH | Cablevision Holding | PairCorr |
| 0.61 | BMA | Banco Macro SA | PairCorr |
| 0.68 | MOLA | Molinos Agro SA | PairCorr |
| 0.73 | BBAR | BBVA Banco Frances | PairCorr |
| 0.64 | GGAL | Grupo Financiero Galicia | PairCorr |
| 0.71 | BYMA | Bolsas y Mercados | PairCorr |
| 0.85 | TGSU2 | Transportadora de Gas | PairCorr |
| 0.91 | LEDE | Ledesma SAAI | PairCorr |
| 0.84 | CEPU | Central Puerto SA | PairCorr |
| 0.75 | ALUA | Aluar Aluminio Argentino | PairCorr |
| 0.76 | WMT | Walmart | PairCorr |
Moving against Holcim Stock
Related Correlations Analysis
| 0.72 | 0.85 | 0.76 | -0.88 | AGRO | ||
| 0.72 | 0.79 | 0.87 | -0.68 | TRAN | ||
| 0.85 | 0.79 | 0.92 | -0.85 | TECO2 | ||
| 0.76 | 0.87 | 0.92 | -0.74 | TGSU2 | ||
| -0.88 | -0.68 | -0.85 | -0.74 | HMY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Holcim Stock performing well and Holcim Argentina 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 Holcim Argentina'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGRO | 2.88 | 0.37 | 0.11 | (0.43) | 2.59 | 6.79 | 16.31 | |||
| TRAN | 2.72 | 0.56 | 0.17 | (1.69) | 2.70 | 7.11 | 24.01 | |||
| TECO2 | 3.13 | 0.73 | 0.24 | 2.16 | 2.75 | 6.90 | 17.16 | |||
| TGSU2 | 2.26 | 0.50 | 0.18 | (0.95) | 2.31 | 4.93 | 17.52 | |||
| HMY | 2.49 | 0.03 | 0.01 | 0.28 | 2.93 | 6.32 | 15.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Holcim Argentina 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?
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Holcim Argentina Corporate Executives
Elected by the shareholders, the Holcim Argentina's board of directors comprises two types of representatives: Holcim Argentina inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Holcim. The board's role is to monitor Holcim Argentina's management team and ensure that shareholders' interests are well served. Holcim Argentina's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Holcim Argentina's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Isea | Chief Operating Officer | Profile |