Fomento Economico Correlations

FMX Stock

USD 89.39 3.58 4.17%

The current 90-days correlation between Fomento Economico and Anheuser Busch Inbev is 0.18 (i.e., Average diversification). The correlation of Fomento Economico 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.

Fomento Economico Correlation With Market

Modest diversification

The correlation between Fomento Economico Mexicano and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fomento Economico Mexicano and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Fomento Stock

0.64	DOLE	Dole PLC	Pair Corr
0.67	EDBL	Edible Garden AG	Pair Corr
0.76	ADM	Archer Daniels Midland	Pair Corr
0.8	BGS	BG Foods	Pair Corr
0.77	BUD	Anheuser Busch Inbev	Pair Corr
0.82	CAG	ConAgra Foods	Pair Corr
0.82	CPB	Campbell Soup Earnings Call This Week	Pair Corr
0.77	DDC	DDC Enterprise	Pair Corr
0.81	GIS	General Mills	Pair Corr
0.79	HSY	Hershey	Pair Corr
0.85	KHC	Kraft Heinz	Pair Corr
0.72	LND	Brasilagro Adr	Pair Corr
0.7	MKC	McCormick Company Fiscal Year End 23rd of January 2025	Pair Corr
0.87	RGF	Real Good Food	Pair Corr

Moving against Fomento Stock

0.78	FDP	Fresh Del Monte	Pair Corr
0.75	FTFT	Future Fintech Group	Pair Corr
0.71	FRPT	Freshpet Potential Growth	Pair Corr
0.69	MO	Altria Group	Pair Corr
0.68	LW	Lamb Weston Holdings	Pair Corr
0.6	K	Kellanova	Pair Corr
0.59	PM	Philip Morris Intern	Pair Corr
0.58	DAR	Darling Ingredients	Pair Corr
0.57	JVA	Coffee Holding Upward Rally	Pair Corr
0.46	TR	Tootsie Roll Industries	Pair Corr
0.33	FAMI	Farmmi Inc	Pair Corr
0.95	TPB	Turning Point Brands	Pair Corr
0.91	SENEA	Seneca Foods Corp	Pair Corr
0.82	LSF	Laird Superfood	Pair Corr
0.82	TAP	Molson Coors Brewing	Pair Corr
0.81	SAM	Boston Beer	Pair Corr
0.73	PPC	Pilgrims Pride Corp	Pair Corr
0.7	UVV	Universal	Pair Corr
0.66	INGR	Ingredion Incorporated	Pair Corr

Related Correlations Analysis

	ABEV	SAM	KNBWY	CABGY	TAP	CCU	BUD	HEINY	STBFY	BUDFF
ABEV		-0.69	0.53	0.81	-0.55	-0.01	0.82	0.73	0.8	0.78	ABEV
SAM	-0.69		-0.73	-0.84	0.86	0.29	-0.75	-0.87	-0.88	-0.75	SAM
KNBWY	0.53	-0.73		0.71	-0.6	-0.33	0.57	0.85	0.8	0.5	KNBWY
CABGY	0.81	-0.84	0.71		-0.8	0.03	0.93	0.92	0.83	0.89	CABGY
TAP	-0.55	0.86	-0.6	-0.8		0.06	-0.78	-0.81	-0.64	-0.79	TAP
CCU	-0.01	0.29	-0.33	0.03	0.06		0.08	-0.2	-0.37	0.08	CCU
BUD	0.82	-0.75	0.57	0.93	-0.78	0.08		0.85	0.73	0.97	BUD
HEINY	0.73	-0.87	0.85	0.92	-0.81	-0.2	0.85		0.87	0.8	HEINY
STBFY	0.8	-0.88	0.8	0.83	-0.64	-0.37	0.73	0.87		0.69	STBFY
BUDFF	0.78	-0.75	0.5	0.89	-0.79	0.08	0.97	0.8	0.69		BUDFF
	ABEV	SAM	KNBWY	CABGY	TAP	CCU	BUD	HEINY	STBFY	BUDFF

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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

BUDFF	+ 0.97	BUD
BUD	+ 0.93	CABGY
HEINY	+ 0.92	CABGY
BUDFF	+ 0.89	CABGY
STBFY	+ 0.87	HEINY
TAP	+ 0.86	SAM

High negative correlations

STBFY	- 0.88	SAM
HEINY	- 0.87	SAM
CABGY	- 0.84	SAM
HEINY	- 0.81	TAP
TAP	- 0.8	CABGY
BUDFF	- 0.79	TAP

Risk-Adjusted Indicators

There is a big difference between Fomento Stock performing well and Fomento Economico 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 Fomento Economico'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABEV	1.16	(0.17)	0.00	(1.12)	0.00	0.00	2.20	(2.69)	6.42
SAM	1.27	0.20	0.06	1.09	1.46	(1.27)	2.83	(2.35)	6.57
KNBWY	1.02	(0.08)	0.00	0.42	0.00	0.00	2.23	(2.61)	5.89
CABGY	1.32	(0.18)	0.00	(1.43)	0.00	0.00	2.74	(2.54)	9.08
TAP	1.08	0.20	0.09	0.71	0.98	(1.22)	2.95	(1.84)	7.56
CCU	1.46	(0.05)	(0.07)	0.00	1.66	(1.52)	2.84	(2.43)	8.67
BUD	0.88	(0.24)	0.00	(0.71)	0.00	0.00	1.36	(2.02)	9.38
HEINY	0.94	(0.29)	0.00	2.61	0.00	0.00	1.51	(2.02)	6.89
STBFY	1.13	(0.05)	0.00	0.36	0.00	0.00	1.93	(2.71)	5.47
BUDFF	1.12	(0.17)	0.00	1.00	0.00	0.00	2.18	(2.95)	10.36

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