Grupo Simec Correlations

SIM Stock

USD 29.66 0.33 1.13%

The current 90-days correlation between Grupo Simec SAB and Aris Mining is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grupo Simec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grupo Simec SAB moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Grupo Simec Correlation With Market

Significant diversification

The correlation between Grupo Simec SAB and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Simec SAB and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Grupo Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Grupo Simec SAB. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Grupo Stock

0.69	ATCOL	Atlas Corp	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.67	CASXF	Casa Minerals	Pair Corr

Moving against Grupo Stock

0.72	PCTTW	PureCycle Technologies	Pair Corr
0.63	MAPSW	WM Technology	Pair Corr
0.62	SKM	SK Telecom	Pair Corr
0.36	TKURF	Tokyu REIT	Pair Corr
0.35	ADVWW	Advantage Solutions	Pair Corr
0.34	GOEVW	Canoo Holdings	Pair Corr
0.32	CTDD	Qwest Corp 6	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.66	MSFT	Microsoft	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.58	BA	Boeing	Pair Corr
0.5	RKLB	Rocket Lab USA	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.39	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	WS	KALU	SLVM	SVM	USAR	HUN	FMC	ARMN	SID	LOMA
WS		0.9	0.87	0.88	-0.59	0.88	-0.63	0.92	0.54	0.79	WS
KALU	0.9		0.79	0.77	-0.7	0.72	-0.74	0.87	0.46	0.88	KALU
SLVM	0.87	0.79		0.83	-0.59	0.85	-0.63	0.9	0.32	0.73	SLVM
SVM	0.88	0.77	0.83		-0.33	0.85	-0.45	0.93	0.38	0.62	SVM
USAR	-0.59	-0.7	-0.59	-0.33		-0.46	0.8	-0.56	-0.18	-0.81	USAR
HUN	0.88	0.72	0.85	0.85	-0.46		-0.37	0.84	0.44	0.56	HUN
FMC	-0.63	-0.74	-0.63	-0.45	0.8	-0.37		-0.65	-0.17	-0.92	FMC
ARMN	0.92	0.87	0.9	0.93	-0.56	0.84	-0.65		0.3	0.79	ARMN
SID	0.54	0.46	0.32	0.38	-0.18	0.44	-0.17	0.3		0.35	SID
LOMA	0.79	0.88	0.73	0.62	-0.81	0.56	-0.92	0.79	0.35		LOMA
	WS	KALU	SLVM	SVM	USAR	HUN	FMC	ARMN	SID	LOMA

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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

ARMN	+ 0.93	SVM
ARMN	+ 0.92	WS
KALU	+ 0.9	WS
ARMN	+ 0.9	SLVM
SVM	+ 0.88	WS
HUN	+ 0.88	WS

High negative correlations

LOMA	- 0.92	FMC
LOMA	- 0.81	USAR
FMC	- 0.74	KALU
USAR	- 0.7	KALU
ARMN	- 0.65	FMC
FMC	- 0.63	SLVM

Risk-Adjusted Indicators

There is a big difference between Grupo Stock performing well and Grupo Simec 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 Simec'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
WS	1.49	0.14	0.11	0.13	1.49	(1.72)	3.14	(2.60)	8.67
KALU	2.00	0.64	0.30	0.46	1.58	(2.24)	4.74	(2.75)	23.87
SLVM	1.60	0.09	0.06	0.14	1.47	(2.11)	4.52	(3.02)	12.99
SVM	2.91	0.39	0.10	0.29	3.67	(3.08)	6.54	(6.42)	16.72
USAR	6.52	(0.15)	0.00	0.02	7.32	(7.76)	18.61	(13.06)	38.74
HUN	2.43	0.12	0.06	0.11	2.79	(2.54)	5.91	(5.33)	15.80
FMC	2.82	(1.07)	0.00	(1.43)	0.00	0.00	3.97	(5.74)	49.48
ARMN	2.61	0.71	0.19	0.64	3.08	(2.82)	6.86	(5.88)	15.66
SID	2.33	0.02	0.03	0.06	2.86	(2.90)	5.56	(4.65)	14.12
LOMA	2.83	0.95	0.34	(1.90)	1.97	(3.58)	6.85	(3.30)	35.83

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