Grupo Aeroportuario Correlations

PAC Stock

USD 183.45 1.80 0.97%

The current 90-days correlation between Grupo Aeroportuario del and Grupo Aeroportuario del is 0.7 (i.e., Poor diversification). The correlation of Grupo Aeroportuario 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 Aeroportuario Correlation With Market

Average diversification

The correlation between Grupo Aeroportuario del and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aeroportuario del and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Grupo Aeroportuario del. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Grupo Stock

0.54	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.6	CODI-PB	Compass Diversified	Pair Corr
0.59	CODI-PA	Compass Diversified	Pair Corr
0.52	OP	Oceanpal	Pair Corr
0.48	RR	Richtech Robotics Class	Pair Corr
0.46	ST	Sensata Technologies	Pair Corr
0.38	MG	Mistras Group	Pair Corr
0.32	HY	Hyster Yale Materials	Pair Corr

Related Correlations Analysis

	ASR	CAAP	ASLE	FLGZY	OMAB	ARRPY	APTPF	AIPUY	AUKNY	ANNSF
ASR		0.06	-0.4	0.35	0.76	0.44	0.33	0.2	0.21	0.48	ASR
CAAP	0.06		0.52	-0.23	0.38	-0.73	0.27	0.27	-0.6	0.65	CAAP
ASLE	-0.4	0.52		-0.73	-0.04	-0.62	-0.33	-0.31	-0.69	-0.09	ASLE
FLGZY	0.35	-0.23	-0.73		0.01	0.31	0.29	0.42	0.61	0.28	FLGZY
OMAB	0.76	0.38	-0.04	0.01		0.14	0.3	0.22	-0.09	0.61	OMAB
ARRPY	0.44	-0.73	-0.62	0.31	0.14		-0.2	-0.01	0.61	-0.34	ARRPY
APTPF	0.33	0.27	-0.33	0.29	0.3	-0.2		0.26	-0.08	0.6	APTPF
AIPUY	0.2	0.27	-0.31	0.42	0.22	-0.01	0.26		0.06	0.41	AIPUY
AUKNY	0.21	-0.6	-0.69	0.61	-0.09	0.61	-0.08	0.06		-0.19	AUKNY
ANNSF	0.48	0.65	-0.09	0.28	0.61	-0.34	0.6	0.41	-0.19		ANNSF
	ASR	CAAP	ASLE	FLGZY	OMAB	ARRPY	APTPF	AIPUY	AUKNY	ANNSF

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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

OMAB	+ 0.76	ASR
ANNSF	+ 0.65	CAAP
AUKNY	+ 0.61	FLGZY
ANNSF	+ 0.61	OMAB
AUKNY	+ 0.61	ARRPY
ANNSF	+ 0.6	APTPF

High negative correlations

FLGZY	- 0.73	ASLE
ARRPY	- 0.73	CAAP
AUKNY	- 0.69	ASLE
ARRPY	- 0.62	ASLE
AUKNY	- 0.6	CAAP
ASLE	- 0.4	ASR

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Aeroportuario 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 Aeroportuario'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
ASR	1.18	(0.11)	0.00	(0.13)	0.00	0.00	2.79	(2.80)	8.13
CAAP	1.81	0.27	0.09	0.75	1.89	(2.11)	4.29	(2.95)	14.36
ASLE	2.28	0.17	0.09	0.22	2.49	(2.79)	6.59	(5.14)	15.01
FLGZY	0.53	(0.15)	0.00	(0.21)	0.00	0.00	0.00	(2.71)	12.50
OMAB	1.60	0.05	0.02	0.18	1.94	(1.58)	3.74	(3.65)	9.15
ARRPY	0.22	(0.05)	0.00	(1.53)	0.00	0.00	0.00	0.00	8.34
APTPF	4.06	0.43	0.01	(0.18)	5.68	(19.43)	18.67	(14.87)	64.82
AIPUY	2.93	0.22	0.00	(0.15)	4.14	(4.74)	7.43	(7.81)	32.17
AUKNY	1.31	(0.10)	0.00	1.49	0.00	0.00	2.52	(3.74)	12.48
ANNSF	0.70	0.07	(0.03)	0.49	0.63	(1.10)	1.94	(1.54)	5.37

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