PEMEX Correlations

706451BR1

71.38 4.70 6.18%

The current 90-days correlation between PEMEX PROJ FDG and AEP TEX INC is 0.18 (i.e., Average diversification). The correlation of PEMEX 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.

PEMEX Correlation With Market

Average diversification

The correlation between PEMEX PROJ FDG and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PEMEX PROJ FDG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PEMEX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PEMEX 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 PEMEX - 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 PEMEX PROJ FDG to buy it.

Moving together with PEMEX Bond

0.62

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against PEMEX Bond

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0.61	BTC	Grayscale Bitcoin Mini	Pair Corr
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0.49	UMAC	Unusual Machines, Trending	Pair Corr
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0.4	EOS	Eaton Vance Enhanced	Pair Corr
0.32	GOOD	Gladstone Commercial	Pair Corr
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0.56	ETH	Grayscale Ethereum Mini	Pair Corr
0.44	SAGAX	Ridgeworth Innovative	Pair Corr
0.43	OILU	MicroSectorsTM Oil Gas	Pair Corr
0.43	GAB	Gabelli Equity Trust	Pair Corr
0.41	AMVYX	Mid Cap Value	Pair Corr
0.34	WWLAX	Westwood Largecap Value	Pair Corr
0.33	ILESX	Fisher Investments	Pair Corr
0.32	AMGIX	Income Growth	Pair Corr
0.31	ITOT	iShares Core SP	Pair Corr
0.31	TGRW	T Rowe Price	Pair Corr
0.31	DDM	ProShares Ultra Dow30	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	TTD	ATOM	GOODN	CSCO	MAIN	PLTR	KODK	PMMAF
00108WAF7		-0.04	-0.11	-0.07	-0.03	-0.1	-0.07	-0.09	0.13	0.11	00108WAF7
90331HPL1	-0.04		-0.12	-0.35	-0.12	-0.13	-0.34	-0.36	-0.43	-0.3	90331HPL1
TTD	-0.11	-0.12		0.86	0.85	0.96	0.9	0.88	0.35	0.51	TTD
ATOM	-0.07	-0.35	0.86		0.78	0.87	0.84	0.95	0.45	0.74	ATOM
GOODN	-0.03	-0.12	0.85	0.78		0.89	0.81	0.77	0.23	0.61	GOODN
CSCO	-0.1	-0.13	0.96	0.87	0.89		0.93	0.89	0.3	0.55	CSCO
MAIN	-0.07	-0.34	0.9	0.84	0.81	0.93		0.91	0.42	0.5	MAIN
PLTR	-0.09	-0.36	0.88	0.95	0.77	0.89	0.91		0.44	0.67	PLTR
KODK	0.13	-0.43	0.35	0.45	0.23	0.3	0.42	0.44		0.33	KODK
PMMAF	0.11	-0.3	0.51	0.74	0.61	0.55	0.5	0.67	0.33		PMMAF
	00108WAF7	90331HPL1	TTD	ATOM	GOODN	CSCO	MAIN	PLTR	KODK	PMMAF

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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

CSCO	+ 0.96	TTD
PLTR	+ 0.95	ATOM
MAIN	+ 0.93	CSCO
PLTR	+ 0.91	MAIN
MAIN	+ 0.9	TTD
CSCO	+ 0.89	GOODN

High negative correlations

KODK	- 0.43	90331HPL1
PLTR	- 0.36	90331HPL1
ATOM	- 0.35	90331HPL1
MAIN	- 0.34	90331HPL1
PMMAF	- 0.3	90331HPL1
CSCO	- 0.13	90331HPL1

Risk-Adjusted Indicators

There is a big difference between PEMEX Bond performing well and PEMEX Corporate Bond 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 PEMEX'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
00108WAF7	1.31	0.12	0.01	0.73	1.60	(1.41)	3.24	(2.55)	10.75
90331HPL1	0.33	(0.03)	0.00	(0.13)	0.00	0.00	0.45	(0.85)	6.98
TTD	1.49	0.21	0.10	0.32	1.76	(1.64)	3.36	(3.12)	12.33
ATOM	4.90	0.99	0.25	0.54	3.98	(6.26)	14.63	(7.32)	36.44
GOODN	0.55	0.07	(0.04)	0.53	0.44	(0.66)	1.42	(0.75)	3.94
CSCO	0.76	0.14	0.15	0.26	0.57	(0.85)	1.72	(1.29)	6.38
MAIN	0.55	0.14	0.11	0.41	0.38	(0.68)	1.49	(1.28)	3.02
PLTR	2.56	0.96	0.47	0.52	1.43	(3.01)	8.61	(2.80)	30.33
KODK	2.78	0.27	0.11	0.24	3.20	(3.66)	7.91	(3.69)	26.51
PMMAF	2.07	0.18	0.01	(28.40)	2.46	(4.20)	7.40	(6.53)	19.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in PEMEX 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.

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