Inversora Juramento Correlations

INVJ Stock

ARS 409.00 10.50 2.50%

The current 90-days correlation between Inversora Juramento and San Miguel AG is 0.26 (i.e., Modest diversification). The correlation of Inversora Juramento 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.

Inversora Juramento Correlation With Market

Average diversification

The correlation between Inversora Juramento SA and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inversora Juramento SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Inversora Stock

0.81	SAMI	San Miguel AG	Pair Corr
0.61	LEDE	Ledesma SAAI	Pair Corr
0.66	DISN	Walt Disney	Pair Corr
0.75	ALUA	Aluar Aluminio Argentino	Pair Corr

Moving against Inversora Stock

0.84	PFE	Pfizer Inc	Pair Corr
0.77	MRK	Merck Company	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	MOLA	CRES	SAMI	LEDE	INVJ	MORI	SEMI
MOLA		0.86	0.62	0.82	0.29	0.88	-0.72	MOLA
CRES	0.86		0.86	0.92	0.54	0.83	-0.44	CRES
SAMI	0.62	0.86		0.83	0.81	0.75	-0.06	SAMI
LEDE	0.82	0.92	0.83		0.61	0.78	-0.44	LEDE
INVJ	0.29	0.54	0.81	0.61		0.5	0.27	INVJ
MORI	0.88	0.83	0.75	0.78	0.5		-0.53	MORI
SEMI	-0.72	-0.44	-0.06	-0.44	0.27	-0.53		SEMI
	MOLA	CRES	SAMI	LEDE	INVJ	MORI	SEMI

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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

LEDE	+ 0.92	CRES
MORI	+ 0.88	MOLA
CRES	+ 0.86	MOLA
SAMI	+ 0.86	CRES
MORI	+ 0.83	CRES
LEDE	+ 0.83	SAMI

High negative correlations

SEMI	- 0.72	MOLA
SEMI	- 0.53	MORI
SEMI	- 0.44	LEDE
SEMI	- 0.44	CRES
SEMI	- 0.06	SAMI

Risk-Adjusted Indicators

There is a big difference between Inversora Stock performing well and Inversora Juramento 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 Inversora Juramento'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
MOLA	3.01	0.71	0.22	0.82	2.66	(3.60)	6.38	(4.55)	24.41
CRES	2.27	0.37	0.13	1.10	2.45	(2.53)	5.00	(4.18)	11.02
SAMI	2.47	0.25	0.08	(1.18)	2.64	(2.88)	6.45	(4.49)	13.68
LEDE	1.77	0.55	0.22	3.18	1.83	(2.06)	5.43	(3.00)	13.46
INVJ	1.92	0.04	0.01	0.13	2.18	(2.24)	4.86	(3.40)	11.92
MORI	3.16	0.08	0.02	(0.10)	3.12	(3.81)	7.89	(4.95)	19.83
SEMI	3.63	(1.17)	0.00	(0.28)	0.00	0.00	7.42	(4.76)	85.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Inversora Juramento 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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