Orbia Advance Correlations
| ORBIA Stock | MXN 18.22 0.18 1.00% |
The current 90-days correlation between Orbia Advance and Promotora y Operadora is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orbia Advance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbia Advance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Orbia Advance Correlation With Market
Modest diversification
The correlation between Orbia Advance 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 Orbia Advance and DJI in the same portfolio, assuming nothing else is changed.
Orbia |
The ability to find closely correlated positions to Orbia Advance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbia Advance 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 Orbia Advance - 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 Orbia Advance to buy it.
Moving against Orbia Stock
| 0.75 | AMZN | Amazon Inc | PairCorr |
| 0.75 | MNST | Monster Beverage Corp | PairCorr |
| 0.73 | WMT | Walmart | PairCorr |
| 0.69 | SBUX | Starbucks | PairCorr |
| 0.67 | ACNN | Accenture plc | PairCorr |
| 0.64 | UPS | United Parcel Service | PairCorr |
| 0.48 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Orbia Stock performing well and Orbia Advance 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 Orbia Advance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PINFRA | 1.40 | 0.09 | 0.01 | 0.40 | 1.52 | 3.16 | 6.90 | |||
| BBAJIOO | 1.98 | (0.20) | 0.00 | (0.30) | 0.00 | 3.58 | 11.77 | |||
| ALPEKA | 1.50 | 0.28 | 0.13 | 0.63 | 1.45 | 3.64 | 8.40 | |||
| NEMAKA | 2.01 | (0.49) | 0.00 | (0.34) | 0.00 | 4.35 | 11.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Orbia Advance 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?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Orbia Advance Corporate Management
Elected by the shareholders, the Orbia Advance's board of directors comprises two types of representatives: Orbia Advance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orbia. The board's role is to monitor Orbia Advance's management team and ensure that shareholders' interests are well served. Orbia Advance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Orbia Advance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Carlos Rocha | President of Vinyl Business Group | Profile | |
| Fernando Sahagun | Independent Director | Profile | |
| Sheldon Hirt | General Counsel | Profile | |
| James Kelly | VP CFO | Profile | |
| Ignacio Ruiz | Director | Profile | |
| Gabriel Miodownik | Ex Agriculture | Profile | |
| Maria Machado | Independent Director | Profile |