Industria Correlations

IDEXY Stock

USD 27.22 0.27 0.98%

The current 90-days correlation between Industria de Diseno and The TJX Companies is 0.09 (i.e., Significant diversification). The correlation of Industria 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Industria Correlation With Market

Modest diversification

The correlation between Industria de Diseno and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Industria de Diseno and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Industria Pink Sheet

0.92	IDEXF	Industria de Diseo	Pair Corr
0.72	PBMRF	PT Bumi Resources	Pair Corr
0.68	PBCRF	PT Bank Central	Pair Corr
0.63	78516FAB5	US78516FAB58	Pair Corr

Moving against Industria Pink Sheet

0.6	CMWCF	Cromwell Property	Pair Corr
0.58	LULU	Lululemon Athletica	Pair Corr
0.51	NXGPF	NEXT plc	Pair Corr
0.78	AVGO	Broadcom	Pair Corr
0.71	TSLA	Tesla Inc	Pair Corr
0.63	ANET	Arista Networks	Pair Corr
0.57	CNTM	ConnectM Technology Symbol Change	Pair Corr
0.52	MBOT	Microbot Medical	Pair Corr
0.46	NBIS	Nebius Group NV Symbol Change	Pair Corr
0.4	SPOT	Spotify Technology	Pair Corr
0.35	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.32	BPMC	Blueprint Medicines Corp	Pair Corr
0.71	NUKK	Nukkleus Downward Rally	Pair Corr
0.54	BRPHF	Galaxy Digital Holdings	Pair Corr
0.49	YY	YY Inc Class	Pair Corr
0.43	WAVSU	Western Acquisition Trending	Pair Corr
0.43	NFLX	Netflix	Pair Corr
0.37	MGNI	Magnite	Pair Corr

Related Correlations Analysis

	ATZAF	BOOT	GES	TJX	FRCOF	SCVL	GCO	ROST	BURL	AEO
ATZAF		0.78	-0.87	0.34	-0.59	-0.87	0.69	0.38	0.57	-0.61	ATZAF
BOOT	0.78		-0.7	0.43	-0.36	-0.72	0.72	0.54	0.61	-0.48	BOOT
GES	-0.87	-0.7		-0.36	0.38	0.73	-0.81	-0.46	-0.63	0.85	GES
TJX	0.34	0.43	-0.36		-0.13	-0.29	0.72	0.74	0.9	-0.41	TJX
FRCOF	-0.59	-0.36	0.38	-0.13		0.63	-0.15	-0.03	-0.27	0.26	FRCOF
SCVL	-0.87	-0.72	0.73	-0.29	0.63		-0.55	-0.34	-0.49	0.5	SCVL
GCO	0.69	0.72	-0.81	0.72	-0.15	-0.55		0.8	0.89	-0.72	GCO
ROST	0.38	0.54	-0.46	0.74	-0.03	-0.34	0.8		0.78	-0.37	ROST
BURL	0.57	0.61	-0.63	0.9	-0.27	-0.49	0.89	0.78		-0.62	BURL
AEO	-0.61	-0.48	0.85	-0.41	0.26	0.5	-0.72	-0.37	-0.62		AEO
	ATZAF	BOOT	GES	TJX	FRCOF	SCVL	GCO	ROST	BURL	AEO

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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

BURL	+ 0.9	TJX
BURL	+ 0.89	GCO
AEO	+ 0.85	GES
ROST	+ 0.8	GCO
BOOT	+ 0.78	ATZAF
BURL	+ 0.78	ROST

High negative correlations

SCVL	- 0.87	ATZAF
GES	- 0.87	ATZAF
GCO	- 0.81	GES
AEO	- 0.72	GCO
SCVL	- 0.72	BOOT
GES	- 0.7	BOOT

Risk-Adjusted Indicators

There is a big difference between Industria Pink Sheet performing well and Industria 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 Industria'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
ATZAF	2.64	0.80	0.17	(2.41)	3.40	(3.37)	6.99	(3.08)	30.37
BOOT	1.98	0.11	0.02	0.25	4.00	(1.90)	5.01	(3.16)	21.79
GES	1.98	(0.44)	0.00	(0.77)	0.00	0.00	3.13	(4.24)	12.49
TJX	0.70	0.12	0.08	0.44	0.55	(0.80)	1.65	(1.24)	5.03
FRCOF	0.38	(0.05)	0.00	3.90	0.00	0.00	0.72	(0.98)	10.26
SCVL	1.95	(0.40)	0.00	3.24	0.00	0.00	4.29	(4.22)	12.45
GCO	2.73	0.68	0.24	1.24	2.24	(3.18)	8.39	(3.81)	16.98
ROST	0.99	0.05	(0.03)	0.77	1.21	(1.05)	2.25	(2.19)	7.28
BURL	1.27	0.20	0.08	0.80	1.48	(1.31)	2.16	(2.47)	7.93
AEO	1.88	(0.25)	0.00	(0.55)	0.00	0.00	3.61	(4.26)	20.40

Be your own money manager

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

Oscar Maceiras	CEO Director	Profile
James OShaughnessy	Investor Mang	Profile
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