FIBRA Prologis Correlations
| FBBPF Stock | USD 4.56 0.04 0.87% |
The current 90-days correlation between FIBRA Prologis and Warehouses De Pauw is 0.18 (i.e., Average diversification). The correlation of FIBRA Prologis 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 Prologis Correlation With Market
Poor diversification
The correlation between FIBRA Prologis and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Prologis and DJI in the same portfolio, assuming nothing else is changed.
FIBRA |
The ability to find closely correlated positions to FIBRA Prologis 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 Prologis 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 Prologis - 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 Prologis to buy it.
Moving together with FIBRA Pink Sheet
| 0.61 | PLD | Prologis | PairCorr |
| 0.66 | EGP | EastGroup Properties | PairCorr |
| 0.66 | KB | KB Financial Group | PairCorr |
| 0.79 | EC | Ecopetrol SA ADR | PairCorr |
| 0.78 | MUFG | Mitsubishi UFJ Financial Sell-off Trend | PairCorr |
| 0.61 | WF | Woori Financial Group | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.74 | AA | Alcoa Corp | PairCorr |
| 0.72 | OI | O I Glass | PairCorr |
| 0.61 | ECO | Okeanis Eco Tankers | PairCorr |
| 0.64 | CTKB | Cytek Biosciences Downward Rally | PairCorr |
| 0.71 | ABX | Abacus Global Management Symbol Change | PairCorr |
| 0.61 | STT | State Street Corp | PairCorr |
| 0.63 | CWBHF | Charlottes Web Holdings | PairCorr |
| 0.64 | TATT | Tat Techno | PairCorr |
| 0.65 | ICHGF | InterContinental Hotels | PairCorr |
| 0.61 | BLFY | Blue Foundry Bancorp Earnings Call This Week | PairCorr |
| 0.75 | ARDX | Ardelyx | PairCorr |
| 0.74 | SPGI | SP Global | PairCorr |
| 0.66 | HLN | Haleon plc Aggressive Push | PairCorr |
Moving against FIBRA Pink Sheet
| 0.65 | VFSWW | VinFast Auto | PairCorr |
| 0.53 | REXR | Rexford Industrial Realty | PairCorr |
| 0.61 | BPTSY | Biophytis SA | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FIBRA Pink Sheet performing well and FIBRA Prologis 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 Prologis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FNCDY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WDPSF | 0.78 | 0.07 | 0.00 | (0.54) | 0.90 | 4.08 | 9.25 | |||
| STSFF | 0.04 | 0.01 | 0.00 | 1.05 | 0.00 | 0.00 | 0.43 | |||
| LDSCY | 1.24 | 0.10 | 0.04 | 0.21 | 1.67 | 2.68 | 8.31 | |||
| GPTGF | 0.49 | 0.05 | 0.00 | (3.13) | 0.00 | 2.25 | 10.63 | |||
| MAPGF | 1.68 | 0.04 | 0.00 | 0.13 | 2.56 | 4.85 | 29.02 | |||
| CNRAF | 0.70 | 0.40 | 0.00 | (0.47) | 0.00 | 0.00 | 23.08 | |||
| FBASF | 1.93 | 0.31 | 0.05 | (0.56) | 2.38 | 6.16 | 16.54 | |||
| LNSPF | 0.82 | 0.16 | 0.03 | 1.16 | 1.02 | 3.19 | 9.96 | |||
| JREIF | 0.24 | 0.05 | 0.00 | 1.16 | 0.00 | 0.00 | 8.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FIBRA Prologis 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.Did you try this?
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FIBRA Prologis Corporate Management
| Edvjard Nekritx | Counsel | Profile | |
| Jorge Facha | Chief Officer | Profile | |
| Hector Guerrero | Chief Mexico | Profile | |
| Luis Guajardo | Chairman CEO | Profile | |
| Alexandra Violante | Head Relations | Profile |