Patria Investments Correlations
| PAX Stock | USD 13.00 0.17 1.33% |
The correlation of Patria Investments 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 Patria Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Investments 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.
Very weak diversification
The correlation between Patria Investments and NYA is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Patria Investments and NYA in the same portfolio, assuming nothing else is changed.
Patria |
The ability to find closely correlated positions to Patria Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patria Investments 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 Patria Investments - 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 Patria Investments to buy it.
Moving together with Patria Stock
Moving against Patria Stock
| 0.88 | DPCS | DP Cap Acquisition | PairCorr |
| 0.87 | FNVT | Finnovate Acquisition | PairCorr |
| 0.78 | GCMGW | GCM Grosvenor | PairCorr |
| 0.74 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.73 | FDUS | Fidus Investment Corp | PairCorr |
| 0.67 | PWP | Perella Weinberg Partners | PairCorr |
| 0.64 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.6 | WAVS | Western Acquisition Upward Rally | PairCorr |
| 0.59 | SAR | Saratoga Investment Corp Financial Report 8th of July 2024 | PairCorr |
| 0.56 | TW | Tradeweb Markets | PairCorr |
| 0.53 | WTMA | Welsbach Technology | PairCorr |
| 0.49 | GATE | Marblegate Acquisition | PairCorr |
| 0.45 | WSBF | Waterstone Financial | PairCorr |
| 0.41 | OWL | Blue Owl Capital Downward Rally | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Patria Stock performing well and Patria Investments 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 Patria Investments' 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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Patria Investments 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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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Patria Investments Corporate Management
Elected by the shareholders, the Patria Investments' board of directors comprises two types of representatives: Patria Investments inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Patria. The board's role is to monitor Patria Investments' management team and ensure that shareholders' interests are well served. Patria Investments' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Patria Investments' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Otavio Neto | Managing Director | Profile | |
| Jose Teixeira | Partner Products | Profile | |
| Ana Santos | Partner Resources | Profile | |
| Paulo Cirulli | Chief Officer | Profile | |
| Andre Penalva | Managing America | Profile | |
| Pedro Silva | Global Counsel | Profile |
Already Invested in Patria Investments?
The danger of trading Patria Investments 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 Patria Investments 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 Patria Investments. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Patria Investments 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.
When determining whether Patria Investments offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patria Investments' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patria Investments Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patria Investments Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patria Investments. 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. For more information on how to buy Patria Stock please use our How to Invest in Patria Investments guide.Note that the Patria Investments information on this page should be used as a complementary analysis to other Patria Investments' 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Patria Stock analysis
When running Patria Investments' price analysis, check to measure Patria Investments' 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 Patria Investments is operating at the current time. Most of Patria Investments' value examination focuses on studying past and present price action to predict the probability of Patria Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patria Investments' price. Additionally, you may evaluate how the addition of Patria Investments to your portfolios can decrease your overall portfolio volatility.
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Is Patria Investments' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patria Investments. If investors know Patria will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patria Investments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 1.075 | Earnings Share 0.8 | Revenue Per Share 2.116 | Quarterly Revenue Growth (0.13) |
The market value of Patria Investments is measured differently than its book value, which is the value of Patria that is recorded on the company's balance sheet. Investors also form their own opinion of Patria Investments' value that differs from its market value or its book value, called intrinsic value, which is Patria Investments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patria Investments' market value can be influenced by many factors that don't directly affect Patria Investments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patria Investments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patria Investments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patria Investments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.