Grupo Concesionario Correlations

Stocks . Argentina . 
Stock . Grupo Concesionario del
OEST Stock  ARS 1,025  45.00  4.21%   
The current 90-days correlation between Grupo Concesionario del and Agrometal SAI is -0.01 (i.e., Good diversification). The correlation of Grupo Concesionario 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.

Grupo Concesionario Correlation With Market

Modest diversification

The correlation between Grupo Concesionario del and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Concesionario del and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Grupo Concesionario could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Concesionario 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 Grupo Concesionario - 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 Grupo Concesionario del to buy it.

Moving together with Grupo Stock

  0.85AUSO Autopistas del SolPairCorr
  0.61WMT WalmartPairCorr
  0.62RICH Laboratorios RichmondPairCorr
  0.71INAG Insumos AgroquimicosPairCorr
  0.77YPFD YPF SA DPairCorr
  0.76CRES Cresud SAPairCorr
  0.75TECO2 Telecom ArgentinaPairCorr
  0.74ALUA Aluar Aluminio ArgentinoPairCorr
  0.82LOMA Loma Negra CompaniaPairCorr
  0.84EDN Empresa DistribuidoraPairCorr
  0.83METR Metrogas SAPairCorr
  0.81AGRO Agrometal SAIPairCorr
  0.81LEDE Ledesma SAAIPairCorr
  0.73CEPU Central Puerto SAPairCorr
  0.7PAMP Pampa Energia SAPairCorr
  0.86TGNO4 Transportadora de GasPairCorr
  0.75IRSA IRSA Inversiones y SplitPairCorr
  0.84MIRG Mirgor SAPairCorr
  0.67VALO Banco de ValoresPairCorr

Moving against Grupo Stock

  0.74KO Coca ColaPairCorr
  0.61PFE Pfizer IncPairCorr

Related Correlations Analysis

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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   
TGSU2
+ 0.83
TECO2
TRAN
+ 0.78
TGSU2
TECO2
+ 0.77
AGRO
TRAN
+ 0.74
TECO2
TGSU2
+ 0.72
AGRO
TRAN
+ 0.65
AGRO
  
High negative correlations   
TECO2
- 0.86
HMY
AGRO
- 0.82
HMY
TRAN
- 0.63
HMY
TGSU2
- 0.61
HMY

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Concesionario 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 Concesionario'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.

Be your own money manager

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

Elected by the shareholders, the Grupo Concesionario's board of directors comprises two types of representatives: Grupo Concesionario inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grupo. The board's role is to monitor Grupo Concesionario's management team and ensure that shareholders' interests are well served. Grupo Concesionario'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, Grupo Concesionario's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marcos FrankiensztajnOrganization and Systems ManagerProfile
Daniel FailoEngineering OperationsProfile
Ricardo TorchioiEngineering and Devel. ManagerProfile
Miguel BrizuelaChief OfficerProfile
Carlos ParimbelliChief Financial and Administrative OfficerProfile
Eduardo PomszteinDirector DirectorProfile
Esteban PerezDeputy MangProfile
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