Correlation Between Grupo Financiero and Grupo Carso
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By analyzing existing cross correlation between Grupo Financiero Inbursa and Grupo Carso SAB, you can compare the effects of market volatilities on Grupo Financiero and Grupo Carso 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 Grupo Carso. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grupo Financiero and Grupo Carso.
Diversification Opportunities for Grupo Financiero and Grupo Carso
0.5 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Grupo and Grupo is 0.5. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Financiero Inbursa and Grupo Carso SAB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grupo Carso SAB 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 Grupo Carso. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grupo Carso SAB has no effect on the direction of Grupo Financiero i.e., Grupo Financiero and Grupo Carso go up and down completely randomly.
Pair Corralation between Grupo Financiero and Grupo Carso
Assuming the 90 days trading horizon Grupo Financiero Inbursa is expected to generate 0.87 times more return on investment than Grupo Carso. However, Grupo Financiero Inbursa is 1.15 times less risky than Grupo Carso. It trades about 0.06 of its potential returns per unit of risk. Grupo Carso SAB is currently generating about -0.06 per unit of risk. If you would invest 4,556 in Grupo Financiero Inbursa on August 29, 2024 and sell it today you would earn a total of 83.00 from holding Grupo Financiero Inbursa or generate 1.82% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grupo Financiero Inbursa vs. Grupo Carso SAB
Performance |
| Timeline |
| Grupo Financiero Inbursa |
| Grupo Carso SAB |
Grupo Financiero and Grupo Carso Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grupo Financiero and Grupo Carso
The main advantage of trading using opposite Grupo Financiero and Grupo Carso positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grupo Financiero position performs unexpectedly, Grupo Carso 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 Carso will offset losses from the drop in Grupo Carso's long position.| Grupo Financiero vs. Grupo Financiero Banorte | Grupo Financiero vs. Grupo Carso SAB | Grupo Financiero vs. Kimberly Clark de Mxico | Grupo Financiero vs. Alfa SAB de |
| 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 |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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