Grupo Correlations

40049JAT4

118.65 10.26 9.47%

The current 90-days correlation between Grupo Televisa SAB and Tower Semiconductor is -0.16 (i.e., Good diversification). The correlation of Grupo 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 Correlation With Market

Average diversification

The correlation between Grupo Televisa SAB and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Televisa SAB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Grupo 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 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 - 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 Televisa SAB to buy it.

Moving together with Grupo Bond

0.85	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.69	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Grupo Bond

0.79	AXP	American Express Earnings Call This Week	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.74	WMT	Walmart	Pair Corr
0.46	T	ATT Inc Earnings Call This Week	Pair Corr
0.43	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	TSEM	MTSI	CELH	ENTG	DWWEF	CWGL	BESIY	GFS
TSEM		0.78	-0.52	-0.17	0.0	-0.71	0.88	0.55	TSEM
MTSI	0.78		-0.55	0.15	0.0	-0.58	0.71	0.74	MTSI
CELH	-0.52	-0.55		0.44	0.0	0.5	-0.5	-0.35	CELH
ENTG	-0.17	0.15	0.44		0.0	0.38	-0.25	0.26	ENTG
DWWEF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	DWWEF
CWGL	-0.71	-0.58	0.5	0.38	0.0		-0.86	-0.21	CWGL
BESIY	0.88	0.71	-0.5	-0.25	0.0	-0.86		0.38	BESIY
GFS	0.55	0.74	-0.35	0.26	0.0	-0.21	0.38		GFS
	TSEM	MTSI	CELH	ENTG	DWWEF	CWGL	BESIY	GFS

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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

BESIY	+ 0.88	TSEM
MTSI	+ 0.78	TSEM
GFS	+ 0.74	MTSI
BESIY	+ 0.71	MTSI
GFS	+ 0.55	TSEM
CWGL	+ 0.5	CELH

High negative correlations

BESIY	- 0.86	CWGL
CWGL	- 0.71	TSEM
CWGL	- 0.58	MTSI
CELH	- 0.55	MTSI
CELH	- 0.52	TSEM
BESIY	- 0.5	CELH

Risk-Adjusted Indicators

There is a big difference between Grupo Bond performing well and Grupo Corporate Bond 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'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
TSEM	1.75	0.23	0.09	5.08	2.12	(1.86)	4.02	(3.48)	16.72
MTSI	2.03	0.34	0.15	0.30	1.90	(2.20)	4.30	(3.17)	18.24
CELH	2.64	(0.35)	0.00	(0.28)	0.00	0.00	5.82	(5.49)	16.24
ENTG	1.92	(0.05)	0.00	(0.28)	0.00	0.00	2.99	(4.23)	11.80
DWWEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWGL	1.05	(0.17)	0.00	(3.69)	0.00	0.00	2.84	(2.57)	8.18
BESIY	2.13	0.36	0.11	(0.88)	2.56	(2.34)	4.43	(2.92)	11.21
GFS	2.12	0.08	0.04	0.07	2.19	(2.53)	5.30	(3.42)	19.29

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