GMxico Transportes Correlations

GMXTF Stock

USD 1.55 0.03 1.90%

The current 90-days correlation between GMxico Transportes SAB and West Japan Railway is 0.36 (i.e., Weak diversification). The correlation of GMxico Transportes 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.

GMxico Transportes Correlation With Market

Significant diversification

The correlation between GMxico Transportes SAB and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GMxico Transportes SAB and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GMxico Pink Sheet

0.64	CP	Canadian Pacific Railway	Pair Corr
0.63	CNI	Canadian National Railway Fiscal Year End 28th of January 2025	Pair Corr

Moving against GMxico Pink Sheet

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Related Correlations Analysis

	WJRYY	CJPRY	CJPRF	FSTR	USDP	NSC	UNP	CP	CNI	WAB
WJRYY		0.96	0.47	-0.5	0.53	-0.57	0.77	0.85	0.86	-0.75	WJRYY
CJPRY	0.96		0.41	-0.49	0.58	-0.55	0.82	0.88	0.89	-0.82	CJPRY
CJPRF	0.47	0.41		-0.25	0.04	-0.61	0.12	0.41	0.37	-0.22	CJPRF
FSTR	-0.5	-0.49	-0.25		-0.43	0.63	-0.32	-0.57	-0.49	0.61	FSTR
USDP	0.53	0.58	0.04	-0.43		-0.36	0.59	0.32	0.47	-0.82	USDP
NSC	-0.57	-0.55	-0.61	0.63	-0.36		-0.09	-0.49	-0.4	0.58	NSC
UNP	0.77	0.82	0.12	-0.32	0.59	-0.09		0.74	0.85	-0.67	UNP
CP	0.85	0.88	0.41	-0.57	0.32	-0.49	0.74		0.93	-0.65	CP
CNI	0.86	0.89	0.37	-0.49	0.47	-0.4	0.85	0.93		-0.68	CNI
WAB	-0.75	-0.82	-0.22	0.61	-0.82	0.58	-0.67	-0.65	-0.68		WAB
	WJRYY	CJPRY	CJPRF	FSTR	USDP	NSC	UNP	CP	CNI	WAB

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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

CJPRY	+ 0.96	WJRYY
CNI	+ 0.93	CP
CNI	+ 0.89	CJPRY
CP	+ 0.88	CJPRY
CNI	+ 0.86	WJRYY
CP	+ 0.85	WJRYY

High negative correlations

WAB	- 0.82	USDP
WAB	- 0.82	CJPRY
WAB	- 0.75	WJRYY
WAB	- 0.68	CNI
WAB	- 0.67	UNP
WAB	- 0.65	CP

Risk-Adjusted Indicators

There is a big difference between GMxico Pink Sheet performing well and GMxico Transportes 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 GMxico Transportes' 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
WJRYY	0.89	(0.06)	0.00	(0.20)	0.00	0.00	2.23	(1.66)	5.52
CJPRY	1.01	(0.11)	0.00	2.27	0.00	0.00	1.81	(1.87)	4.96
CJPRF	2.93	0.10	0.01	0.30	3.49	(3.60)	7.61	(5.88)	22.16
FSTR	2.13	0.43	0.25	0.30	1.68	(2.52)	6.37	(3.40)	14.55
USDP	4.34	(2.27)	0.00	(0.89)	0.00	0.00	6.12	(11.88)	41.77
NSC	1.26	(0.02)	0.03	0.08	1.40	(1.32)	2.69	(2.27)	12.14
UNP	0.94	(0.16)	0.00	(0.07)	0.00	0.00	1.68	(2.01)	8.64
CP	0.88	(0.16)	0.00	(0.23)	0.00	0.00	1.56	(1.66)	4.89
CNI	0.83	(0.17)	0.00	(0.11)	0.00	0.00	1.68	(1.71)	5.28
WAB	0.85	0.19	0.23	0.26	0.56	(1.08)	2.14	(1.07)	5.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in GMxico Transportes 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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GMxico Transportes Corporate Management

Xavier Topete	Ex Chairman	Profile
Jorge Abreu	Chief Officer	Profile
Isaac Unkind	Director CFO	Profile
Emilio Gamboa	S Director	Profile
Fernando Larrea	CEO Director	Profile
Oscar Rocha	Ex Chairman	Profile
Alfredo Perez	Ex Director	Profile

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