Grupo Aeroportuario Correlations

OMAB Stock

USD 65.23 0.36 0.55%

The current 90-days correlation between Grupo Aeroportuario del and Grupo Aeroportuario del is 0.69 (i.e., Poor diversification). The correlation of Grupo Aeroportuario 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.

Grupo Aeroportuario Correlation With Market

Weak diversification

The correlation between Grupo Aeroportuario del and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Aeroportuario del and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Grupo Aeroportuario del. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Grupo Stock

0.81

ASR

Grupo Aeroportuario del

Pair Corr

Moving against Grupo Stock

0.43

Hillenbrand

Pair Corr

Related Correlations Analysis

	PAC	CAAP	ASLE	ARRPY	ASR	APTPF	AUKNY	ANNSF	ANYYY	JETR
PAC		0.41	0.65	-0.21	0.13	-0.01	-0.54	-0.05	-0.05	0.37	PAC
CAAP	0.41		0.53	-0.75	0.0	0.16	-0.57	0.58	0.55	-0.32	CAAP
ASLE	0.65	0.53		-0.62	-0.48	-0.26	-0.71	-0.15	-0.17	0.27	ASLE
ARRPY	-0.21	-0.75	-0.62		0.4	-0.13	0.56	-0.36	-0.3	0.31	ARRPY
ASR	0.13	0.0	-0.48	0.4		0.39	0.29	0.5	0.54	-0.25	ASR
APTPF	-0.01	0.16	-0.26	-0.13	0.39		-0.04	0.58	0.57	-0.33	APTPF
AUKNY	-0.54	-0.57	-0.71	0.56	0.29	-0.04		-0.07	-0.04	-0.12	AUKNY
ANNSF	-0.05	0.58	-0.15	-0.36	0.5	0.58	-0.07		0.97	-0.72	ANNSF
ANYYY	-0.05	0.55	-0.17	-0.3	0.54	0.57	-0.04	0.97		-0.69	ANYYY
JETR	0.37	-0.32	0.27	0.31	-0.25	-0.33	-0.12	-0.72	-0.69		JETR
	PAC	CAAP	ASLE	ARRPY	ASR	APTPF	AUKNY	ANNSF	ANYYY	JETR

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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

ANYYY	+ 0.97	ANNSF
ASLE	+ 0.65	PAC
ANNSF	+ 0.58	CAAP
ANNSF	+ 0.58	APTPF
ANYYY	+ 0.57	APTPF
AUKNY	+ 0.56	ARRPY

High negative correlations

ARRPY	- 0.75	CAAP
JETR	- 0.72	ANNSF
AUKNY	- 0.71	ASLE
JETR	- 0.69	ANYYY
ARRPY	- 0.62	ASLE
AUKNY	- 0.57	CAAP

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Aeroportuario 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 Aeroportuario'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
PAC	1.39	0.09	0.01	0.30	1.67	(1.51)	3.14	(2.81)	8.90
CAAP	1.84	0.31	0.11	0.80	1.92	(2.09)	4.29	(2.95)	14.36
ASLE	2.27	0.18	0.09	0.23	2.38	(2.73)	6.59	(5.14)	15.01
ARRPY	0.22	(0.09)	0.00	6.22	0.00	0.00	0.00	0.00	4.94
ASR	1.15	(0.12)	0.00	(0.15)	0.00	0.00	2.79	(2.79)	8.13
APTPF	5.32	0.58	0.06	0.29	5.65	(23.00)	21.88	(14.87)	64.82
AUKNY	1.24	(0.12)	0.00	1.29	0.00	0.00	2.30	(3.74)	15.85
ANNSF	0.67	0.08	(0.03)	0.60	0.61	(1.08)	1.94	(1.54)	5.37
ANYYY	1.06	0.14	0.01	3.95	1.30	(1.08)	1.77	(2.06)	5.82
JETR	13.59	2.49	0.10	(0.40)	13.30	(20.54)	42.86	(27.27)	120.64

Grupo Aeroportuario Corporate Management

Adriana Galindo	General Secretary	Profile
Ricardo Espriu	Chief Officer	Profile
Enrique Manjarrez	Chief Officer	Profile
Yann Bihan	Chief Officer	Profile
Alvaro Leite	Chief Officer	Profile
Luis Thierry	Investor Officer	Profile
Ruffo Castillo	Chief Administrative and Finance Officer	Profile

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