The correlation of Marfrig Global is a statistical measure of how it moves in relation to other equities. 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 Marfrig Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marfrig Global Foods 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marfrig Global Foods. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
The correlation between Marfrig Global Foods and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marfrig Global Foods and NYA in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Marfrig Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marfrig Global 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 Marfrig Global - 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 Marfrig Global Foods to buy it.
Related Correlations Analysis
|Click cells to compare fundamentals
Correlation MatchupsOver 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 IndicatorsThere is a big difference between Marfrig Pink Sheet performing well and Marfrig Global 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 Marfrig Global'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.
Be your own money managerOur tools can tell you how much better you can do entering a position in Marfrig Global 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.
Compare the composition, asset allocations and performance of any two portfolios in your account
Marfrig Global Corporate DirectorsMarfrig Global corporate directors refer to members of a Marfrig Global board of directors. The board of directors generally takes responsibility for the Marfrig Global'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 Marfrig Global's board members must vote for the resolution. The Marfrig Global board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Already Invested in Marfrig Global Foods?
The danger of trading Marfrig Global Foods 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 Marfrig Global 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 Marfrig Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Marfrig Global Foods 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marfrig Global Foods. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Marfrig Pink Sheet analysis
When running Marfrig Global's price analysis, check to measure Marfrig Global'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 Marfrig Global is operating at the current time. Most of Marfrig Global's value examination focuses on studying past and present price action to predict the probability of Marfrig Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marfrig Global's price. Additionally, you may evaluate how the addition of Marfrig Global to your portfolios can decrease your overall portfolio volatility.
Quick portfolio dashboard that showcases your latest portfolios
Use Price Transformation models to analyze the depth of different equity instruments across global markets
|Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Analyst recommendations and target price estimates broken down by several categories
Check effects of mean-variance optimization against your current asset allocation
Check upcoming earnings announcements updated hourly across public exchanges
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments