Fibra UNO Correlations

FBASF Stock

USD 1.36 0.04 2.86%

The current 90-days correlation between Fibra UNO and Akbank Turk Anonim is 0.08 (i.e., Significant diversification). The correlation of Fibra UNO 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.

Fibra UNO Correlation With Market

Average diversification

The correlation between Fibra UNO and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fibra UNO and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fibra Pink Sheet

0.64	GMGSF	Goodman Group	Pair Corr
0.73	LSGOF	Land Securities Group	Pair Corr
0.65	GSEFF	Covivio	Pair Corr
0.68	ISRMF	iShares MSCI	Pair Corr
0.75	MRLWF	Marlowe plc	Pair Corr
0.67	DLTR	Dollar Tree	Pair Corr
0.69	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.63	BCAL	Southern California Earnings Call This Week	Pair Corr
0.67	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.64	HXL	Hexcel Earnings Call Today	Pair Corr
0.78	BNS	Bank of Nova Scotia	Pair Corr
0.73	KAR	KAR Auction Services	Pair Corr
0.67	ACA	Arcosa Inc Earnings Call This Week	Pair Corr

Moving against Fibra Pink Sheet

0.55	EEIQ	Elite Education Group	Pair Corr
0.4	CHNXF	ChitogenX	Pair Corr

Related Correlations Analysis

	AKBTY	BKRKF	BTLCY	CXMSF	HHDS	PHJMF	SQFT	TBVPF	VICI	WPC
AKBTY		-0.02	-0.33	0.61	-0.06	-0.09	0.06	-0.14	0.8	0.67	AKBTY
BKRKF	-0.02		0.12	0.38	0.21	0.16	-0.2	0.1	-0.23	0.24	BKRKF
BTLCY	-0.33	0.12		-0.02	-0.25	-0.17	-0.5	0.1	-0.49	-0.13	BTLCY
CXMSF	0.61	0.38	-0.02		-0.02	-0.12	0.0	0.04	0.35	0.58	CXMSF
HHDS	-0.06	0.21	-0.25	-0.02		0.08	0.13	0.1	-0.08	0.01	HHDS
PHJMF	-0.09	0.16	-0.17	-0.12	0.08		-0.19	-0.34	0.11	0.21	PHJMF
SQFT	0.06	-0.2	-0.5	0.0	0.13	-0.19		0.01	0.18	-0.13	SQFT
TBVPF	-0.14	0.1	0.1	0.04	0.1	-0.34	0.01		-0.32	-0.19	TBVPF
VICI	0.8	-0.23	-0.49	0.35	-0.08	0.11	0.18	-0.32		0.71	VICI
WPC	0.67	0.24	-0.13	0.58	0.01	0.21	-0.13	-0.19	0.71		WPC
	AKBTY	BKRKF	BTLCY	CXMSF	HHDS	PHJMF	SQFT	TBVPF	VICI	WPC

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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

VICI	+ 0.8	AKBTY
WPC	+ 0.71	VICI
WPC	+ 0.67	AKBTY
CXMSF	+ 0.61	AKBTY
WPC	+ 0.58	CXMSF
CXMSF	+ 0.38	BKRKF

High negative correlations

SQFT	- 0.5	BTLCY
VICI	- 0.49	BTLCY
TBVPF	- 0.34	PHJMF
BTLCY	- 0.33	AKBTY
VICI	- 0.32	TBVPF
HHDS	- 0.25	BTLCY

Risk-Adjusted Indicators

There is a big difference between Fibra Pink Sheet performing well and Fibra UNO 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 Fibra UNO'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
AKBTY	3.50	0.40	0.06	3.11	3.67	(4.17)	7.95	(6.32)	21.06
BKRKF	4.59	0.21	0.00	(1.63)	5.63	(10.29)	10.53	(14.81)	49.44
BTLCY	1.26	0.15	(0.07)	(0.15)	1.80	(1.26)	2.36	(3.07)	8.27
CXMSF	1.56	0.60	0.00	(5.46)	0.00	0.00	6.25	(1.54)	18.81
HHDS	55.29	16.16	0.44	0.92	28.42	(126.21)	267.35	(72.78)	553.78
PHJMF	4.79	0.62	0.00	0.52	0.00	0.00	3.63	0.00	135.00
SQFT	6.42	1.29	0.16	2.01	6.17	(8.25)	7.07	(8.21)	199.45
TBVPF	2.05	0.17	0.00	1.67	3.22	(5.42)	5.88	(5.56)	26.76
VICI	0.76	(0.04)	(0.15)	0.12	0.82	(0.77)	1.74	(1.58)	4.30
WPC	0.83	(0.01)	(0.15)	0.17	0.96	(0.94)	1.90	(1.55)	4.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fibra UNO 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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Fibra UNO Corporate Management

Isidoro Laniado	Executive VP of Strategy and Fin., Member of Technical Committee and Member of Nominations Committee	Profile
Javier Velez	VP Treasury	Profile
Arturo Campos	Director HR	Profile
Ana Mora	Director Sustainability	Profile

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