Correlation Between Grupo Carso and FIBRA Storage
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By analyzing existing cross correlation between Grupo Carso SAB and FIBRA Storage, you can compare the effects of market volatilities on Grupo Carso and FIBRA Storage 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 FIBRA Storage. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grupo Carso and FIBRA Storage.
Diversification Opportunities for Grupo Carso and FIBRA Storage
0.43 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Grupo and FIBRA is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Carso SAB and FIBRA Storage in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FIBRA Storage 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 FIBRA Storage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FIBRA Storage has no effect on the direction of Grupo Carso i.e., Grupo Carso and FIBRA Storage go up and down completely randomly.
Pair Corralation between Grupo Carso and FIBRA Storage
Assuming the 90 days trading horizon Grupo Carso SAB is expected to generate 2.74 times more return on investment than FIBRA Storage. However, Grupo Carso is 2.74 times more volatile than FIBRA Storage. It trades about 0.19 of its potential returns per unit of risk. FIBRA Storage is currently generating about 0.29 per unit of risk. If you would invest 11,820 in Grupo Carso SAB on January 27, 2025 and sell it today you would earn a total of 2,663 from holding Grupo Carso SAB or generate 22.53% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grupo Carso SAB vs. FIBRA Storage
Performance |
| Timeline |
| Grupo Carso SAB |
| FIBRA Storage |
Grupo Carso and FIBRA Storage Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grupo Carso and FIBRA Storage
The main advantage of trading using opposite Grupo Carso and FIBRA Storage positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grupo Carso position performs unexpectedly, FIBRA Storage 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 FIBRA Storage will offset losses from the drop in FIBRA Storage's long position.| Grupo Carso vs. Grupo Financiero Inbursa | Grupo Carso vs. Alfa SAB de | Grupo Carso vs. Kimberly Clark de Mxico | Grupo Carso vs. Grupo Televisa SAB |
| FIBRA Storage vs. Grupo Industrial Saltillo | FIBRA Storage vs. Monster Beverage Corp | FIBRA Storage vs. FibraHotel | FIBRA Storage vs. Grupo Sports World |
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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