ARCO ARCOS DORADOS HOLDINGS INC.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

ARCO vs ARGT

Both indexed to 100 at 2026-05-11.

ARCO ARGT · range 79–110 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

ARGT Global X MSCI Argentina ETF

ρ +0.50beyond mkt +0.36holdout +0.51stable 100%robust

INTR Inter & Co. Inc. Class A Common Shares

ρ +0.47beyond mkt +0.32holdout +0.58stable 100%robust

BMA Banco Macro S.A.

ρ +0.43beyond mkt +0.32holdout +0.49stable 100%robust

STNE StoneCo Ltd. Class A Common Shares

ρ +0.48beyond mkt +0.27holdout +0.55stable 100%robust

EWZ iShares MSCI Brazil ETF

ρ +0.47beyond mkt +0.26holdout +0.54stable 100%robust

TEO Telecom Argentina S.A.

ρ +0.39beyond mkt +0.26holdout +0.40stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.32beyond mkt +0.01holdout -0.36stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

MTUS Metallus Inc.

horizon 10dρ +0.39holdout +0.56stable 75%robust

TKR The Timken Company

horizon 10dρ +0.37holdout +0.18stable 88%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

NPO Enpro Inc.

Δ -0.47recent -0.15prior +0.32beyond mkt +0.03

LFUS Littelfuse, Inc. Common Stock

Δ -0.43recent -0.10prior +0.33beyond mkt +0.08

SXI Standex International Corporation

Δ -0.42recent -0.12prior +0.31beyond mkt -0.02

TKR The Timken Company

Δ -0.42recent -0.08prior +0.35beyond mkt -0.01

NUWE Nuwellis, Inc. Common Stock

Δ -0.42recent -0.30prior +0.12beyond mkt -0.06

IEX IDEX Corporation

Δ -0.41recent -0.08prior +0.34beyond mkt +0.01

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
ARGT Global X MSCI Argentina ETF	+0.36	+0.50	23