Operadora Correlations
| OPMXF Stock | USD 0.83 0.04 5.06% |
The current 90-days correlation between Operadora de Sites and Koninklijke BAM Groep is -0.03 (i.e., Good diversification). The correlation of Operadora 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.
Operadora Correlation With Market
Good diversification
The correlation between Operadora de Sites and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Operadora de Sites and DJI in the same portfolio, assuming nothing else is changed.
Operadora |
The ability to find closely correlated positions to Operadora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Operadora 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 Operadora - 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 Operadora de Sites to buy it.
Moving together with Operadora Pink Sheet
Moving against Operadora Pink Sheet
| 0.79 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.78 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | LTOUF | Larsen Toubro Limited | PairCorr |
| 0.66 | PTAIY | Astra International Tbk | PairCorr |
| 0.66 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.55 | FIX | Comfort Systems USA | PairCorr |
| 0.51 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.49 | PBCRY | Bank Central Asia | PairCorr |
| 0.42 | PWR | Quanta Services | PairCorr |
| 0.77 | APGE | Apogee Therapeutics, | PairCorr |
| 0.77 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.74 | SHIP | Seanergy Maritime | PairCorr |
| 0.72 | DNGFF | Dongfang ElectricLimited | PairCorr |
| 0.71 | AAPL | Apple Inc | PairCorr |
| 0.7 | KYOCF | Kyocera | PairCorr |
| 0.67 | GM | General Motors | PairCorr |
| 0.64 | 68233JBP8 | US68233JBP84 | PairCorr |
| 0.6 | HL | Hecla Mining Aggressive Push | PairCorr |
| 0.59 | EOLS | Evolus Inc | PairCorr |
| 0.47 | NGENF | NervGen Pharma Corp | PairCorr |
| 0.66 | CM | Canadian Imperial Bank | PairCorr |
| 0.65 | EGP | EastGroup Properties | PairCorr |
| 0.62 | HIRU | Hiru | PairCorr |
| 0.58 | KODK | Eastman Kodak | PairCorr |
| 0.55 | STAG | STAG Industrial | PairCorr |
| 0.52 | NOEM | CO2 Energy Transition | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Operadora Pink Sheet performing well and Operadora 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 Operadora'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KBAGF | 2.52 | 1.48 | 0.00 | (0.46) | 0.00 | 0.00 | 83.30 | |||
| TNISF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CHYCY | 3.07 | 1.58 | 0.00 | (39.05) | 0.00 | 0.00 | 53.85 | |||
| TNISY | 1.27 | 0.58 | 0.00 | 3.40 | 0.00 | 0.00 | 35.25 | |||
| SRAIF | 0.13 | 0.05 | 0.00 | 0.87 | 0.00 | 0.00 | 2.80 | |||
| JGCCY | 0.80 | 0.26 | 0.00 | (123.76) | 0.00 | 3.60 | 11.61 | |||
| HSQVY | 1.48 | (0.08) | 0.00 | (2.90) | 0.00 | 2.36 | 11.26 | |||
| PTAUF | 0.66 | 0.29 | 0.00 | 0.61 | 0.00 | 0.00 | 22.25 | |||
| SECYF | 1.49 | (0.15) | 0.00 | 0.74 | 0.00 | 2.60 | 10.47 | |||
| SKBNF | 1.94 | 1.02 | 0.00 | 269.13 | 0.00 | 4.00 | 53.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Operadora 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?
Run Portfolio Analyzer Now
Portfolio AnalyzerPortfolio analysis module that provides access to portfolio diagnostics and optimization engine |
| All Next | Launch Module |
Operadora Corporate Management
| Engineer Torres | Chairman Committee | Profile | |
| Daniela Morlet | Head Relations | Profile | |
| Jesus Rodriguez | Director Fin | Profile | |
| Vernica Villela | S Directors | Profile | |
| Omar Garza | Chief Officer | Profile | |
| Erivn Hernndez | Deputy Counsel | Profile | |
| Norma Rubio | Director HR | Profile |