Correlation Between Grupo Financiero and Regional SAB
Specify exactly 2 symbols:
By analyzing existing cross correlation between Grupo Financiero Inbursa and Regional SAB de, you can compare the effects of market volatilities on Grupo Financiero and Regional 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 Regional SAB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grupo Financiero and Regional SAB.
Diversification Opportunities for Grupo Financiero and Regional SAB
-0.1 | Correlation Coefficient |
Good diversification
The 3 months correlation between Grupo and Regional is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Financiero Inbursa and Regional SAB de in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Regional 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 Regional SAB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Regional SAB de has no effect on the direction of Grupo Financiero i.e., Grupo Financiero and Regional SAB go up and down completely randomly.
Pair Corralation between Grupo Financiero and Regional SAB
Assuming the 90 days trading horizon Grupo Financiero is expected to generate 8.7 times less return on investment than Regional SAB. But when comparing it to its historical volatility, Grupo Financiero Inbursa is 1.62 times less risky than Regional SAB. It trades about 0.06 of its potential returns per unit of risk. Regional SAB de is currently generating about 0.3 of returns per unit of risk over similar time horizon. If you would invest 11,717 in Regional SAB de on November 5, 2024 and sell it today you would earn a total of 1,821 from holding Regional SAB de or generate 15.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grupo Financiero Inbursa vs. Regional SAB de
Performance |
| Timeline |
| Grupo Financiero Inbursa |
| Regional SAB de |
Grupo Financiero and Regional SAB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grupo Financiero and Regional SAB
The main advantage of trading using opposite Grupo Financiero and Regional SAB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grupo Financiero position performs unexpectedly, Regional 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 Regional SAB will offset losses from the drop in Regional SAB'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 |
| Regional SAB vs. Banco del Bajo | Regional SAB vs. Gentera SAB de | Regional SAB vs. Megacable Holdings S | Regional SAB vs. Becle 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Complementary Tools
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Transaction History View history of all your transactions and understand their impact on performance |