Gruma SAB Correlations

GPAGF
 Stock
  

USD 13.08  0.00  0.00%   

The correlation of Gruma SAB is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gruma SAB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gruma SAB De moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Gruma SAB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gruma SAB 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 Gruma SAB - 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 Gruma SAB De to buy it.

Moving together with Gruma SAB

+0.61ANDEAndersonsPairCorr
+0.7BF-BBrown-FormanPairCorr
+0.61BGBunge Limited Downward RallyPairCorr
+0.8BUDAnheuser Busch InbevPairCorr
+0.67CHDChurch DwightPairCorr
+0.62CHEFChefs WarehousePairCorr
+0.72CLColgate-PalmolivePairCorr
+0.7EPCEdgewell Personal CarePairCorr
+0.66FLOFlowers FoodsPairCorr
+0.7FMXFomento EconomicoPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AQBACU
ANDEAGFS
AQBDTEA
ACUDTEA
ANDEACI
AGRODTEA
  
High negative correlations   
AGFSDTEA
AQBAGFS
AGFSACU
EWLUDTEA
AQBEWLU
AGROEWLU

Gruma SAB Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Gruma OTC Stock performing well and Gruma SAB company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Gruma SAB's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
DTEA 4.36 (0.60)  0.00 (0.68)  0.00 (0.1)  0.00  6.94 (9.30)  34.45 
EWLU 6.05  1.47  0.00  1.09  0.00  0.09  0.00  17.11 (5.32)  138.05 
ABEV 2.12  0.06  0.01  0.18  2.57  0.0117 (2.32)  4.45 (3.74)  16.88 
ACI 1.59 (0.03) (0.02)  0.06  2.19 (0.0181) (1.75)  3.34 (3.29)  19.96 
ACU 2.07 (0.28)  0.00 (0.72)  0.00 (0.12)  0.00  3.93 (3.74)  13.46 
AGFS 3.28  1.17  0.43  3.56  1.66  0.12 (4.45)  5.73 (4.29)  73.85 
AGRO 2.06 (0.25)  0.00 (0.32)  0.00 (0.11)  0.00  3.88 (5.81)  13.86 
ALCO 1.56 (0.22)  0.00 (0.16)  0.00 (0.11)  0.00  2.57 (3.42)  10.63 
ANDE 1.94 (0.10) (0.04)  0.00  2.51 (0.0377) (2.02)  3.64 (3.82)  12.30 
AQB 3.74 (0.88)  0.00 (1.64)  0.00 (0.19)  0.00  8.33 (7.69)  23.07 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gruma SAB 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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Gruma SAB Corporate Directors

Gruma SAB corporate directors refer to members of a Gruma SAB board of directors. The board of directors generally takes responsibility for the Gruma SAB's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Gruma SAB's board members must vote for the resolution. The Gruma SAB board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gabriel Medina - Independent DirectorProfile
Everardo Almaguer - Independent DirectorProfile
Homero Moreno - Chief Admin. Officer and DirectorProfile
Leonel Ramirez - Corporate Director of SupplyProfile

Invested in Gruma SAB De?

The danger of trading Gruma SAB De is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gruma SAB is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gruma SAB. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gruma SAB De is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Gruma SAB De information on this page should be used as a complementary analysis to other Gruma SAB's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Gruma OTC Stock analysis

When running Gruma SAB De price analysis, check to measure Gruma SAB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gruma SAB is operating at the current time. Most of Gruma SAB's value examination focuses on studying past and present price action to predict the probability of Gruma SAB's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Gruma SAB's price. Additionally, you may evaluate how the addition of Gruma SAB to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Gruma SAB's value and its price as these two are different measures arrived at by different means. Investors typically determine Gruma SAB value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gruma SAB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.