BRF SA Correlations
| BRFS Stock | USD 3.28 0.01 0.31% |
The correlation of BRF SA 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 BRF SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRF SA ADR 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.
Significant diversification
The correlation between BRF SA ADR and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BRF SA ADR and NYA in the same portfolio, assuming nothing else is changed.
BRF |
The ability to find closely correlated positions to BRF SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRF SA 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 BRF SA - 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 BRF SA ADR to buy it.
Moving together with BRF Stock
| 0.68 | TSN | Tyson Foods Financial Report 13th of May 2024 | PairCorr |
| 0.72 | STKL | SunOpta Financial Report 8th of May 2024 | PairCorr |
| 0.65 | BG | Bunge Limited Financial Report 1st of May 2024 | PairCorr |
| 0.83 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.8 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
| 0.82 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.84 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against BRF Stock
| 0.89 | SAM | Boston Beer Earnings Call This Week | PairCorr |
| 0.84 | IH | IhumanInc | PairCorr |
| 0.82 | PAVS | Paranovus Entertainment | PairCorr |
| 0.7 | ABEV | Ambev SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.65 | BUD | Anheuser Busch Inbev Financial Report 2nd of May 2024 | PairCorr |
| 0.63 | FMX | Fomento Economico Financial Report 26th of April 2024 | PairCorr |
| 0.51 | YI | 111 Inc | PairCorr |
| 0.5 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
Related Correlations Analysis
| 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 BRF Stock performing well and BRF SA 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 BRF SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGII | 10.85 | 0.55 | 0.05 | 0.16 | 10.01 | 16.67 | 120.00 | |||
| GNLN | 5.02 | 0.72 | 0.11 | (1.39) | 5.24 | 11.76 | 42.40 | |||
| XXII | 7.10 | (0.19) | 0.01 | 0.02 | 9.34 | 6.91 | 180.71 | |||
| CBDW | 12.17 | 0.20 | 0.02 | 0.18 | 14.34 | 23.21 | 105.80 | |||
| PHJMF | 4.12 | 0.12 | 0.00 | (0.65) | 6.53 | 20.00 | 48.57 | |||
| PYYX | 5.89 | 1.33 | 0.11 | 2.64 | 5.57 | 23.00 | 79.21 | |||
| JAPAY | 0.62 | 0.00 | (0.06) | 0.04 | 0.78 | 1.39 | 3.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BRF SA 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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BRF SA Corporate Directors
BRF SA corporate directors refer to members of a BRF SA board of directors. The board of directors generally takes responsibility for the BRF SA'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 BRF SA's board members must vote for the resolution. The BRF SA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Renato Lopes | Member of the Board of Directors | Profile | |
| Paulo Correa | Independent Director | Profile | |
| Carlos Prestes | Global Director | Profile | |
| Aldemir Bendine | Member of the Board of Directors | Profile |
Already Invested in BRF SA ADR?
The danger of trading BRF SA ADR 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 BRF SA 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 BRF SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BRF SA ADR 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 BRF SA ADR is a strong investment it is important to analyze BRF SA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BRF SA's future performance. For an informed investment choice regarding BRF Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the BRF SA ADR information on this page should be used as a complementary analysis to other BRF SA'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for BRF Stock analysis
When running BRF SA's price analysis, check to measure BRF SA'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 BRF SA is operating at the current time. Most of BRF SA's value examination focuses on studying past and present price action to predict the probability of BRF SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BRF SA's price. Additionally, you may evaluate how the addition of BRF SA to your portfolios can decrease your overall portfolio volatility.
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Is BRF SA's 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 BRF SA. If investors know BRF 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 BRF SA 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 0.02 | Earnings Share (0.29) | Revenue Per Share 39.415 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0065 |
The market value of BRF SA ADR is measured differently than its book value, which is the value of BRF that is recorded on the company's balance sheet. Investors also form their own opinion of BRF SA's value that differs from its market value or its book value, called intrinsic value, which is BRF SA's 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 BRF SA's market value can be influenced by many factors that don't directly affect BRF SA's 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 BRF SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if BRF SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRF SA's 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.