Grupo Simec Correlations

SIM Stock

USD 25.77 1.43 5.26%

The current 90-days correlation between Grupo Simec SAB and Outokumpu Oyj ADR is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Simec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Simec SAB moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Simec Correlation With Market

Significant diversification

The correlation between Grupo Simec SAB and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Simec SAB and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Grupo Simec SAB. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Grupo Stock

0.66	CSTM	Constellium Nv	Pair Corr
0.62	CX	Cemex SAB de	Pair Corr

Moving against Grupo Stock

0.5	RS	Reliance Steel Aluminum	Pair Corr
0.46	CMC	Commercial Metals	Pair Corr
0.45	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.42	X	United States Steel	Pair Corr
0.4	KGC	Kinross Gold	Pair Corr
0.52	KALU	Kaiser Aluminum	Pair Corr
0.51	CENX	Century Aluminum	Pair Corr
0.49	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.45	USAP	Universal Stainless Alloy	Pair Corr
0.37	AG	First Majestic Silver	Pair Corr
0.34	PAAS	Pan American Silver	Pair Corr
0.61	WS	Worthington Steel	Pair Corr
0.56	NC	NACCO Industries	Pair Corr
0.54	IE	Ivanhoe Electric	Pair Corr
0.52	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.51	MP	MP Materials Corp	Pair Corr
0.5	OC	Owens Corning	Pair Corr

Related Correlations Analysis

	ACNT	SCHN	MSB	ASTL	TMST	ZEUS	USAP	PKX	OUTKY	BLSFY
ACNT		0.17	-0.26	0.29	0.14	0.26	0.07	-0.35	-0.21	-0.1	ACNT
SCHN	0.17		0.51	0.01	0.57	0.22	0.65	-0.43	-0.48	0.39	SCHN
MSB	-0.26	0.51		0.4	0.79	0.14	0.66	-0.39	-0.45	0.3	MSB
ASTL	0.29	0.01	0.4		0.67	0.4	0.45	-0.67	-0.6	-0.05	ASTL
TMST	0.14	0.57	0.79	0.67		0.24	0.83	-0.8	-0.81	0.15	TMST
ZEUS	0.26	0.22	0.14	0.4	0.24		0.28	-0.21	-0.19	0.21	ZEUS
USAP	0.07	0.65	0.66	0.45	0.83	0.28		-0.64	-0.72	0.19	USAP
PKX	-0.35	-0.43	-0.39	-0.67	-0.8	-0.21	-0.64		0.9	-0.1	PKX
OUTKY	-0.21	-0.48	-0.45	-0.6	-0.81	-0.19	-0.72	0.9		0.05	OUTKY
BLSFY	-0.1	0.39	0.3	-0.05	0.15	0.21	0.19	-0.1	0.05		BLSFY
	ACNT	SCHN	MSB	ASTL	TMST	ZEUS	USAP	PKX	OUTKY	BLSFY

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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

OUTKY	+ 0.9	PKX
USAP	+ 0.83	TMST
TMST	+ 0.79	MSB
TMST	+ 0.67	ASTL
USAP	+ 0.66	MSB
USAP	+ 0.65	SCHN

High negative correlations

OUTKY	- 0.81	TMST
PKX	- 0.8	TMST
OUTKY	- 0.72	USAP
PKX	- 0.67	ASTL
PKX	- 0.64	USAP
OUTKY	- 0.6	ASTL

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Simec 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 Simec'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
ACNT	1.77	0.13	(0.01)	(0.28)	2.39	(1.92)	3.41	(3.10)	21.13
SCHN	1.66	0.15	(0.01)	(0.26)	2.05	(1.68)	3.12	(3.33)	13.80
MSB	1.84	0.63	0.31	3.48	1.23	(2.39)	3.94	(2.32)	29.43
ASTL	1.70	0.05	0.06	0.15	1.69	(1.94)	4.52	(2.45)	12.49
TMST	1.64	0.44	0.14	(0.47)	1.46	(1.98)	4.81	(2.47)	13.11
ZEUS	2.11	(0.16)	0.00	0.05	2.48	(2.24)	4.04	(4.04)	14.90
USAP	1.72	0.00	0.02	0.12	2.35	(1.79)	5.18	(4.35)	15.05
PKX	1.96	(0.27)	0.00	(0.64)	0.00	0.00	4.63	(4.94)	10.53
OUTKY	0.50	(0.17)	0.00	(0.53)	0.00	0.00	0.56	(1.76)	9.38
BLSFY	1.72	0.09	(0.01)	(0.54)	2.50	(3.87)	3.83	(6.86)	23.52

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