Centrais Eltricas Related Correlations
ELET3 Stock | BRL 41.87 0.56 1.32% |
Correlations
DUKB34 | ELET3 | ELET6 | ENGI4 | ENMT4 | TRPL3 | TAEE4 | ALUP4 | ||
DUKB34 | -0.45 | -0.33 | -0.05 | -0.24 | 0.57 | 0.59 | 0.4 | DUKB34 | |
ELET3 | -0.45 | 0.76 | 0.38 | 0.46 | -0.53 | -0.64 | -0.01 | ELET3 | |
ELET6 | -0.33 | 0.76 | 0.37 | 0.37 | -0.41 | -0.56 | -0.07 | ELET6 | |
ENGI4 | -0.05 | 0.38 | 0.37 | -0.22 | 0.04 | 0.16 | 0.12 | ENGI4 | |
ENMT4 | -0.24 | 0.46 | 0.37 | -0.22 | -0.62 | -0.77 | 0.01 | ENMT4 | |
TRPL3 | 0.57 | -0.53 | -0.41 | 0.04 | -0.62 | 0.83 | 0.25 | TRPL3 | |
TAEE4 | 0.59 | -0.64 | -0.56 | 0.16 | -0.77 | 0.83 | 0.28 | TAEE4 | |
ALUP4 | 0.4 | -0.01 | -0.07 | 0.12 | 0.01 | 0.25 | 0.28 | ALUP4 | |
DUKB34 | ELET3 | ELET6 | ENGI4 | ENMT4 | TRPL3 | TAEE4 | ALUP4 |
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
|
Risk-Adjusted Indicators
There is a big difference between Centrais Stock performing well and Centrais Eltricas 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 Centrais Eltricas' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DUKB34 | 0.88 | (0.06) | (0.09) | (0.02) | 1.30 | 1.41 | 5.66 | |||
ELET3 | 1.11 | 0.08 | (0.07) | (0.04) | 1.45 | 2.13 | 9.24 | |||
ELET6 | 1.05 | (0.03) | (0.07) | 0.06 | 1.42 | 2.18 | 7.46 | |||
ENGI4 | 1.35 | 0.00 | 0.00 | 0.17 | 0.00 | 2.91 | 10.80 | |||
ENMT4 | 0.59 | 0.18 | 0.00 | (0.60) | 0.00 | 3.88 | 9.13 | |||
TRPL3 | 1.39 | (0.05) | 0.00 | (0.44) | 0.00 | 3.30 | 9.76 | |||
TAEE4 | 0.61 | 0.00 | 0.00 | 0.13 | 0.00 | 1.05 | 3.88 | |||
ALUP4 | 1.08 | 0.00 | (0.07) | (0.06) | 1.65 | 2.30 | 8.84 |