Cresud SACIF Correlations

CRESY Stock  USD 13.39  0.41  3.16%   
The current 90-days correlation between Cresud SACIF y and Matthews International is 0.03 (i.e., Significant diversification). The correlation of Cresud SACIF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Cresud SACIF Correlation With Market

Average diversification

The correlation between Cresud SACIF y and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cresud SACIF y and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cresud SACIF y. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Cresud Stock

  0.75PK Park Hotels ResortsPairCorr
  0.9EQIX EquinixPairCorr
  0.9BRX Brixmor PropertyPairCorr
  0.86DLR Digital Realty TrustPairCorr
  0.61FSP Franklin Street PropPairCorr
  0.63GTY Getty RealtyPairCorr
  0.71IRT Independence Realty TrustPairCorr
  0.83KIM Kimco RealtyPairCorr
  0.75KRG Kite Realty GroupPairCorr
  0.86MAC MacerichPairCorr
  0.86OLP One Liberty PropertiesPairCorr
  0.64REG Regency CentersPairCorr
  0.76RHP Ryman HospitalityPairCorr
  0.85SKT Tanger Factory OutletPairCorr
  0.82SPG Simon Property GroupPairCorr

Moving against Cresud Stock

  0.81O Realty Income Sell-off TrendPairCorr
  0.81HPP Hudson Pacific PropertiesPairCorr
  0.76BNL Broadstone Net LeasePairCorr
  0.72EGP EastGroup PropertiesPairCorr
  0.71CCI Crown Castle Sell-off TrendPairCorr
  0.71NNN National Retail PropPairCorr
  0.7LXP LXP Industrial TrustPairCorr
  0.69AMT American Tower CorpPairCorr
  0.67EPR EPR PropertiesPairCorr
  0.64WHLR Wheeler Real EstatePairCorr
  0.6MPW Medical Properties TrustPairCorr
  0.7SBAC SBA Communications CorpPairCorr
  0.68STAG STAG IndustrialPairCorr
  0.66OPI Office Properties IncomePairCorr
  0.66FR First Industrial RealtyPairCorr
  0.63WPC W P CareyPairCorr
  0.63HASI Hannon Armstrong SusPairCorr
  0.61JBGS JBG SMITH PropertiesPairCorr
  0.59UK Ucommune InternationalPairCorr
  0.47PSTL Postal Realty TrustPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SPLP-PAVMI
CODIGFF
SPLP-PABBU
CODIBBU
CODIVMI
MATWGFF
  
High negative correlations   
CODI-PAGFF
CODI-PABBU
CODICODI-PA
CODI-PASPLP-PA
CODI-PAVMI
TRCVMI

Risk-Adjusted Indicators

There is a big difference between Cresud Stock performing well and Cresud SACIF Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cresud SACIF's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cresud SACIF Corporate Management

Mariana ElsztainSecretaryProfile
Eran SaarChief DICProfile
Gil CPAChief IsraelProfile
Diego BiausOperations ManagerProfile
Gil KotlerChief IsraelProfile