Grupo Mxico Correlations

GMBXF Stock

USD 5.26 0.05 0.96%

The current 90-days correlation between Grupo Mxico SAB and South32 Limited is 0.01 (i.e., Significant diversification). The correlation of Grupo Mxico 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.

The ability to find closely correlated positions to Grupo Mxico could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grupo Mxico when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grupo Mxico - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grupo Mxico SAB to buy it.

Moving together with Grupo Pink Sheet

0.67	BHPLF	BHP Group Limited	Pair Corr
0.85	BHP	BHP Group Limited	Pair Corr
0.68	RTNTF	Rio Tinto Group	Pair Corr
0.81	RIO	Rio Tinto ADR	Pair Corr
0.86	GLCNF	Glencore PLC	Pair Corr
0.87	GLNCY	Glencore PLC ADR	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr
0.78	BCH	Banco De Chile	Pair Corr
0.67	DD	Dupont De Nemours Sell-off Trend	Pair Corr

Moving against Grupo Pink Sheet

0.68	FNMFO	Federal National Mortgage	Pair Corr
0.34	AVAL	Grupo Aval	Pair Corr
0.69	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.65	DIS	Walt Disney Sell-off Trend	Pair Corr
0.61	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.6	WMT	Walmart	Pair Corr
0.54	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.52	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.46	CSCO	Cisco Systems	Pair Corr
0.37	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PILBF	SHTLF	OROCF	CRECF	TVIPF	CHXMF	ADVZF	MALRY	GTMLF	GLNCY
PILBF		-0.04	-0.26	0.37	-0.61	-0.08	0.39	0.6	0.21	0.66	PILBF
SHTLF	-0.04		0.74	0.64	0.19	-0.72	-0.22	0.23	-0.75	0.21	SHTLF
OROCF	-0.26	0.74		0.25	0.35	-0.77	-0.42	-0.14	-0.71	-0.17	OROCF
CRECF	0.37	0.64	0.25		-0.26	-0.36	0.28	0.69	-0.24	0.63	CRECF
TVIPF	-0.61	0.19	0.35	-0.26		-0.14	-0.23	-0.34	-0.27	-0.33	TVIPF
CHXMF	-0.08	-0.72	-0.77	-0.36	-0.14		0.43	-0.02	0.68	0.05	CHXMF
ADVZF	0.39	-0.22	-0.42	0.28	-0.23	0.43		0.67	0.34	0.76	ADVZF
MALRY	0.6	0.23	-0.14	0.69	-0.34	-0.02	0.67		0.05	0.82	MALRY
GTMLF	0.21	-0.75	-0.71	-0.24	-0.27	0.68	0.34	0.05		0.1	GTMLF
GLNCY	0.66	0.21	-0.17	0.63	-0.33	0.05	0.76	0.82	0.1		GLNCY
	PILBF	SHTLF	OROCF	CRECF	TVIPF	CHXMF	ADVZF	MALRY	GTMLF	GLNCY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

GLNCY	+ 0.82	MALRY
GLNCY	+ 0.76	ADVZF
OROCF	+ 0.74	SHTLF
MALRY	+ 0.69	CRECF
GTMLF	+ 0.68	CHXMF
MALRY	+ 0.67	ADVZF

High negative correlations

CHXMF	- 0.77	OROCF
GTMLF	- 0.75	SHTLF
CHXMF	- 0.72	SHTLF
GTMLF	- 0.71	OROCF
TVIPF	- 0.61	PILBF
ADVZF	- 0.42	OROCF

Risk-Adjusted Indicators

There is a big difference between Grupo Pink Sheet performing well and Grupo Mxico 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 Grupo Mxico'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
PILBF	3.31	(0.12)	0.00	(0.88)	0.00	0.00	7.43	(5.00)	26.60
SHTLF	1.65	0.16	0.02	0.41	2.12	(6.29)	4.80	(5.37)	28.25
OROCF	2.21	0.40	0.09	(0.63)	2.22	(2.55)	4.79	(4.07)	18.10
CRECF	3.71	0.12	0.02	0.25	3.57	(6.06)	10.71	(6.82)	20.80
TVIPF	27.49	15.06	0.00	(0.81)	0.00	0.00	80.00	0.00	331.40
CHXMF	3.40	(0.04)	(0.02)	0.03	3.87	(7.03)	8.70	(8.00)	25.22
ADVZF	3.40	0.20	0.01	(0.41)	5.29	(4.85)	8.11	(6.06)	36.35
MALRY	4.05	0.19	0.04	0.29	5.06	(4.37)	8.13	(7.29)	35.16
GTMLF	7.81	2.01	0.10	0.65	7.64	(66.85)	3.95	(10.33)	304.83
GLNCY	1.48	0.01	(0.03)	0.13	2.14	(1.48)	4.40	(3.73)	12.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grupo Mxico without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Sign In To Macroaxis Now

Sign In To Macroaxis

All Next

Launch Module

Grupo Mxico Corporate Management

Lillie Minor	G Sec	Profile
Jorge Abreu	Commercial Director	Profile
Francisco Gonzalez	Managing Division	Profile
Lourdes Bezaury	Director Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC