Grupo Bimbo Correlations

GRBMF
 Stock
  

USD 4.00  0.35  8.05%   

The correlation of Grupo Bimbo 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 Grupo Bimbo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Bimbo SAB 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 Grupo Bimbo 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 Bimbo 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 Bimbo - 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 Bimbo SAB to buy it.

Moving together with Grupo Bimbo

+0.67ANDEAndersonsPairCorr
+0.67BGBunge LimitedPairCorr
+0.77BUDAnheuser Busch InbevPairCorr
+0.65CAGConAgra FoodsPairCorr
+0.71CHEFChefs WarehousePairCorr
+0.72FLOFlowers FoodsPairCorr
+0.86FMXFomento EconomicoPairCorr
+0.68FRPTFreshpetPairCorr

Moving against Grupo Bimbo

-0.81HLFHerbalife NutritionPairCorr
-0.62BGSBG Foods Normal TradingPairCorr
-0.57EASTEastside DistillingPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
AGROAGFS
AQBANDE
ABEVDTEA

Grupo Bimbo Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Grupo OTC Pink Sheet performing well and Grupo Bimbo 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 Grupo Bimbo'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 
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 3.78 (0.87)  0.00 (0.42)  0.00 (0.16)  0.00  8.33 (7.69)  23.07 

The entity Grupo Bimbo SAB with a symbol GRBMF was recently relisted or delisted. You can potentially use Grupo Bimbo SAB with a symbol GRBMF. Please make sure the ticker renaming or change in the classification of Grupo Bimbo SAB is not a temporary action by the exchange.

Grupo Bimbo Corporate Directors

Grupo Bimbo corporate directors refer to members of a Grupo Bimbo board of directors. The board of directors generally takes responsibility for the Grupo Bimbo'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 Grupo Bimbo's board members must vote for the resolution. The Grupo Bimbo board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jose Goyenaga - Global Director of Internal AuditProfile
Jaime Koury - Independent DirectorProfile
Ignacio Lizaur - DirectorProfile
Mauricio Servitje - DirectorProfile

Invested in Grupo Bimbo SAB?

The danger of trading Grupo Bimbo SAB 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 Grupo Bimbo 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 Grupo Bimbo. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Grupo Bimbo SAB 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. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for analysis

When running Grupo Bimbo SAB price analysis, check to measure Grupo Bimbo'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 Grupo Bimbo is operating at the current time. Most of Grupo Bimbo's value examination focuses on studying past and present price action to predict the probability of Grupo Bimbo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Grupo Bimbo's price. Additionally, you may evaluate how the addition of Grupo Bimbo to your portfolios can decrease your overall portfolio volatility.
CEO Directory
Screen CEOs from public companies around the world
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Please note, there is a significant difference between Grupo Bimbo's value and its price as these two are different measures arrived at by different means. Investors typically determine Grupo Bimbo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grupo Bimbo'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.