Correlation Between Grupo Financiero and Becle SAB
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By analyzing existing cross correlation between Grupo Financiero Inbursa and Becle SAB de, you can compare the effects of market volatilities on Grupo Financiero and Becle SAB 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 Financiero with a short position of Becle SAB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grupo Financiero and Becle SAB.
Diversification Opportunities for Grupo Financiero and Becle SAB
0.35 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Grupo and Becle is 0.35. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Financiero Inbursa and Becle SAB de in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Becle SAB de and Grupo Financiero 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 Financiero Inbursa are associated (or correlated) with Becle SAB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Becle SAB de has no effect on the direction of Grupo Financiero i.e., Grupo Financiero and Becle SAB go up and down completely randomly.
Pair Corralation between Grupo Financiero and Becle SAB
Assuming the 90 days trading horizon Grupo Financiero Inbursa is expected to generate 1.17 times more return on investment than Becle SAB. However, Grupo Financiero is 1.17 times more volatile than Becle SAB de. It trades about 0.04 of its potential returns per unit of risk. Becle SAB de is currently generating about -0.09 per unit of risk. If you would invest 4,460 in Grupo Financiero Inbursa on September 2, 2024 and sell it today you would earn a total of 340.00 from holding Grupo Financiero Inbursa or generate 7.62% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grupo Financiero Inbursa vs. Becle SAB de
Performance |
| Timeline |
| Grupo Financiero Inbursa |
| Becle SAB de |
Grupo Financiero and Becle SAB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grupo Financiero and Becle SAB
The main advantage of trading using opposite Grupo Financiero and Becle SAB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grupo Financiero position performs unexpectedly, Becle SAB 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 Becle SAB will offset losses from the drop in Becle SAB's long position.| Grupo Financiero vs. Promotora y Operadora | Grupo Financiero vs. ALPEK SAB de | Grupo Financiero vs. El Puerto de |
| Becle SAB vs. Wal Mart de Mxico | Becle SAB vs. Banco del Bajo | Becle SAB vs. El Puerto de | Becle SAB vs. Gruma SAB de |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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