Companhia Correlations
| CGAS3 Stock | BRL 106.00 1.52 1.41% |
The correlation of Companhia 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Companhia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia de Gs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Companhia de Gs and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Companhia de Gs and NYA in the same portfolio, assuming nothing else is changed.
Companhia |
The ability to find closely correlated positions to Companhia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia 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 Companhia - 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 Companhia de Gs to buy it.
Moving against Companhia Stock
Related Correlations Analysis
| 0.43 | -0.65 | 0.01 | 0.13 | CGAS5 | ||
| 0.43 | -0.44 | -0.39 | -0.09 | BRKM3 | ||
| -0.65 | -0.44 | 0.0 | -0.12 | CPLE3 | ||
| 0.01 | -0.39 | 0.0 | -0.19 | CMIG3 | ||
| 0.13 | -0.09 | -0.12 | -0.19 | TRPL3 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Companhia Stock performing well and Companhia 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 Companhia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGAS5 | 2.03 | 0.14 | 0.03 | 1.77 | 3.24 | 9.13 | 34.03 | |||
| BRKM3 | 2.02 | 0.08 | 0.06 | 0.08 | 2.19 | 6.03 | 18.53 | |||
| CPLE3 | 1.02 | (0.18) | 0.00 | (0.31) | 0.00 | 1.52 | 4.62 | |||
| CMIG3 | 1.06 | 0.01 | (0.02) | 0.38 | 1.55 | 2.11 | 6.50 | |||
| TRPL3 | 1.37 | (0.16) | 0.00 | 0.73 | 0.00 | 2.99 | 9.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Companhia 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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Companhia Corporate Directors
Companhia corporate directors refer to members of a Companhia board of directors. The board of directors generally takes responsibility for the Companhia's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Companhia's board members must vote for the resolution. The Companhia board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Luiz Barros | Director | Profile | |
| Ricardo Dias | Legal Director | Profile | |
| Adriano Zerbini | Communication Director | Profile | |
| Paula Benevides | Human Resources Director | Profile |
Already Invested in Companhia de Gs?
The danger of trading Companhia de Gs is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Companhia is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Companhia. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Companhia de Gs is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Companhia de Gs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Companhia de Gs information on this page should be used as a complementary analysis to other Companhia's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Companhia Stock analysis
When running Companhia's price analysis, check to measure Companhia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Companhia is operating at the current time. Most of Companhia's value examination focuses on studying past and present price action to predict the probability of Companhia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia's price. Additionally, you may evaluate how the addition of Companhia to your portfolios can decrease your overall portfolio volatility.
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