Grupo Traxin Correlations

TRAXIONA  MXN 18.04  0.08  0.45%   
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Traxin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Traxin SAB moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Traxin Correlation With Market

GrupoDowDiversified AwayGrupoDowDiversified Away100%

Significant diversification

The correlation between Grupo Traxin SAB and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Traxin SAB and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Grupo Traxin 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 Traxin 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 Traxin - 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 Traxin SAB to buy it.

Moving against Grupo Stock

  0.48TRN Trinity IndustriesPairCorr
  0.36TSMN Taiwan SemiconductorPairCorr

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   
MNSTSMSNN
SPORTSMNST
DALHOTEL
HOTELMNST
SPORTSHOTEL
DXCSMSNN
  
High negative correlations   
DALMNST
DALSMSNN
SPORTSDAL
HOTELSMSNN
SPORTSSMSNN
SPORTSDXC

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Traxin 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 Traxin'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 Traxin 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 Traxin Corporate Management

Elected by the shareholders, the Grupo Traxin's board of directors comprises two types of representatives: Grupo Traxin 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 Traxin's management team and ensure that shareholders' interests are well served. Grupo Traxin'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 Traxin's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel FridmanSustainability DirectorProfile
Wolf SandlerCFO AdminProfile
Alejandra SalorioDirector RelationsProfile
Adolfo MussaliGeneral CounselProfile
Antonio ObregnVP RelationsProfile
Carlos MoctezumaHuman DirectorProfile

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