Triunfo Participaes Related Correlations

TPIS3 Stock

BRL 3.87 0.01 0.26%

Generate correlation matrix for Triunfo Participaes and other related equities to check the degree to which Triunfo Participaes e price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Triunfo Participaes e. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triunfo Participaes e. 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.

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Please note, there is a significant difference between Triunfo Participaes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Triunfo Participaes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Triunfo Participaes' 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.

Correlations

	TMCO34	HOND34	TSMC34	SNEC34	M1UF34	BABA34	ITUB3	ITUB4	AAPL34
TMCO34		0.94	0.93	-0.86	0.9	0.3	0.78	0.6	-0.81	TMCO34
HOND34	0.94		0.89	-0.75	0.83	0.3	0.68	0.49	-0.74	HOND34
TSMC34	0.93	0.89		-0.79	0.9	0.31	0.66	0.47	-0.79	TSMC34
SNEC34	-0.86	-0.75	-0.79		-0.84	-0.35	-0.77	-0.59	0.8	SNEC34
M1UF34	0.9	0.83	0.9	-0.84		0.35	0.74	0.57	-0.85	M1UF34
BABA34	0.3	0.3	0.31	-0.35	0.35		0.43	0.43	-0.13	BABA34
ITUB3	0.78	0.68	0.66	-0.77	0.74	0.43		0.95	-0.71	ITUB3
ITUB4	0.6	0.49	0.47	-0.59	0.57	0.43	0.95		-0.56	ITUB4
AAPL34	-0.81	-0.74	-0.79	0.8	-0.85	-0.13	-0.71	-0.56		AAPL34
	TMCO34	HOND34	TSMC34	SNEC34	M1UF34	BABA34	ITUB3	ITUB4	AAPL34

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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

ITUB4	+ 0.95	ITUB3
HOND34	+ 0.94	TMCO34
TSMC34	+ 0.93	TMCO34
M1UF34	+ 0.9	TMCO34
M1UF34	+ 0.9	TSMC34
TSMC34	+ 0.89	HOND34

High negative correlations

SNEC34	- 0.86	TMCO34
AAPL34	- 0.85	M1UF34
M1UF34	- 0.84	SNEC34
AAPL34	- 0.81	TMCO34
AAPL34	- 0.79	TSMC34
SNEC34	- 0.79	TSMC34

Risk-Adjusted Indicators

There is a big difference between Triunfo Stock performing well and Triunfo Participaes 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 Triunfo Participaes' 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
TMCO34	1.29	0.31	0.18	1.08	1.19	(1.52)	2.40	(2.00)	9.89
HOND34	1.07	0.18	0.10	0.35	1.07	(1.34)	2.36	(2.24)	6.07
TSMC34	1.86	0.37	0.18	0.48	1.75	(2.24)	4.92	(2.68)	14.84
SNEC34	1.27	(0.20)	0.00	(0.87)	0.00	0.00	2.44	(2.73)	10.63
M1UF34	1.10	0.27	0.09	1.52	1.32	(1.34)	2.14	(2.37)	11.64
BABA34	1.50	0.08	0.02	0.20	2.21	(1.48)	4.06	(3.54)	12.04
ITUB3	0.90	0.01	(0.02)	0.09	1.20	(0.99)	1.86	(2.03)	8.15
ITUB4	0.92	(0.05)	(0.06)	(0.02)	1.34	(0.92)	1.99	(2.11)	8.00
AAPL34	0.96	(0.09)	0.00	(0.31)	0.00	0.00	2.07	(2.34)	6.95

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Triunfo Participaes Related Correlations

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