Correlation Between Grupo Carso and Grupo Posadas
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By analyzing existing cross correlation between Grupo Carso SAB and Grupo Posadas SAB, you can compare the effects of market volatilities on Grupo Carso and Grupo Posadas and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Grupo Carso with a short position of Grupo Posadas. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grupo Carso and Grupo Posadas.
Diversification Opportunities for Grupo Carso and Grupo Posadas
0.2 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Grupo and Grupo is 0.2. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Carso SAB and Grupo Posadas SAB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grupo Posadas SAB and Grupo Carso is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Grupo Carso SAB are associated (or correlated) with Grupo Posadas. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grupo Posadas SAB has no effect on the direction of Grupo Carso i.e., Grupo Carso and Grupo Posadas go up and down completely randomly.
Pair Corralation between Grupo Carso and Grupo Posadas
Assuming the 90 days trading horizon Grupo Carso SAB is expected to generate 2.02 times more return on investment than Grupo Posadas. However, Grupo Carso is 2.02 times more volatile than Grupo Posadas SAB. It trades about 0.03 of its potential returns per unit of risk. Grupo Posadas SAB is currently generating about -0.02 per unit of risk. If you would invest 9,029 in Grupo Carso SAB on October 9, 2024 and sell it today you would earn a total of 2,173 from holding Grupo Carso SAB or generate 24.07% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 99.8% |
| Values | Daily Returns |
Grupo Carso SAB vs. Grupo Posadas SAB
Performance |
| Timeline |
| Grupo Carso SAB |
| Grupo Posadas SAB |
Grupo Carso and Grupo Posadas Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grupo Carso and Grupo Posadas
The main advantage of trading using opposite Grupo Carso and Grupo Posadas positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grupo Carso position performs unexpectedly, Grupo Posadas can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grupo Posadas will offset losses from the drop in Grupo Posadas' long position.| Grupo Carso vs. Grupo Financiero Inbursa | Grupo Carso vs. Kimberly Clark de Mxico | Grupo Carso vs. Grupo Televisa SAB | Grupo Carso vs. Grupo Bimbo SAB |
| Grupo Posadas vs. Ameriprise Financial | Grupo Posadas vs. Cognizant Technology Solutions | Grupo Posadas vs. UnitedHealth Group Incorporated | Grupo Posadas vs. Samsung Electronics Co |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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