Ultrapar Participacoes Correlations
| UGP Stock | USD 5.04 0.09 1.75% |
The correlation of Ultrapar Participacoes 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 Ultrapar Participacoes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ultrapar Participacoes SA 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.
Weak diversification
The correlation between Ultrapar Participacoes SA and NYA is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultrapar Participacoes SA and NYA in the same portfolio, assuming nothing else is changed.
Ultrapar |
The ability to find closely correlated positions to Ultrapar Participacoes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ultrapar Participacoes 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 Ultrapar Participacoes - 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 Ultrapar Participacoes SA to buy it.
Moving together with Ultrapar Stock
| 0.63 | DKL | Delek Logistics Partners Financial Report 13th of May 2024 | PairCorr |
| 0.65 | IEP | Icahn Enterprises Financial Report 8th of May 2024 | PairCorr |
| 0.76 | SUN | Sunoco LP Financial Report 7th of May 2024 | PairCorr |
| 0.71 | PARR | Par Pacific Holdings Financial Report 1st of May 2024 | PairCorr |
Moving against Ultrapar Stock
| 0.64 | E | Eni SpA ADR Financial Report 26th of April 2024 | PairCorr |
| 0.51 | DO | Diamond Offshore Drilling Financial Report 13th of May 2024 | PairCorr |
| 0.49 | CAPL | Crossamerica Partners Financial Report 13th of May 2024 | PairCorr |
| 0.48 | AE | Adams Resources Energy Financial Report 14th of May 2024 | PairCorr |
| 0.47 | PBF | PBF Energy Earnings Call This Week | PairCorr |
| 0.46 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
| 0.43 | MPC | Marathon Petroleum Corp Earnings Call This Week | PairCorr |
| 0.42 | VLO | Valero Energy Earnings Call Today | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ultrapar Stock performing well and Ultrapar Participacoes 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 Ultrapar Participacoes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGU | 1.85 | (0.09) | 0.00 | (0.07) | 0.00 | 4.89 | 15.11 | |||
| PARR | 1.90 | (0.15) | 0.00 | (0.01) | 0.00 | 3.84 | 12.80 | |||
| DK | 1.70 | 0.28 | 0.09 | 0.56 | 2.21 | 3.26 | 12.36 | |||
| CAPL | 0.82 | (0.01) | (0.05) | 0.07 | 1.06 | 1.54 | 4.79 | |||
| CSAN | 1.64 | (0.53) | 0.00 | (0.24) | 0.00 | 2.89 | 9.50 | |||
| VVV | 1.10 | 0.13 | 0.12 | 0.20 | 1.01 | 2.35 | 6.68 | |||
| NTOIF | 1.73 | (0.29) | 0.00 | 1.51 | 0.00 | 3.23 | 16.95 | |||
| DKL | 1.24 | (0.20) | 0.00 | (0.10) | 0.00 | 1.93 | 15.58 | |||
| SUN | 1.35 | (0.11) | 0.00 | (0.06) | 0.00 | 2.90 | 6.98 | |||
| DINO | 1.31 | 0.07 | 0.04 | 0.16 | 1.70 | 2.90 | 9.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ultrapar Participacoes 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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Ultrapar Participacoes Corporate Directors
Ultrapar Participacoes corporate directors refer to members of an Ultrapar Participacoes board of directors. The board of directors generally takes responsibility for the Ultrapar Participacoes' 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 Ultrapar Participacoes' board members must vote for the resolution. The Ultrapar Participacoes board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Olavo Carvalho | Independent Director | Profile | |
| Jorge Camargo | Independent Director | Profile | |
| Alexandre Silva | Independent Director | Profile | |
| Nildemar Secches | Independent Director | Profile |
Already Invested in Ultrapar Participacoes SA?
The danger of trading Ultrapar Participacoes SA 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 Ultrapar Participacoes 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 Ultrapar Participacoes. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ultrapar Participacoes 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 Ultrapar Participacoes is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ultrapar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ultrapar Participacoes Sa Stock. Highlighted below are key reports to facilitate an investment decision about Ultrapar Participacoes Sa Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ultrapar Participacoes SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Ultrapar Participacoes information on this page should be used as a complementary analysis to other Ultrapar Participacoes' 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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Ultrapar Stock analysis
When running Ultrapar Participacoes' price analysis, check to measure Ultrapar Participacoes' 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 Ultrapar Participacoes is operating at the current time. Most of Ultrapar Participacoes' value examination focuses on studying past and present price action to predict the probability of Ultrapar Participacoes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ultrapar Participacoes' price. Additionally, you may evaluate how the addition of Ultrapar Participacoes to your portfolios can decrease your overall portfolio volatility.
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Is Ultrapar Participacoes' 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 Ultrapar Participacoes. If investors know Ultrapar 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 Ultrapar Participacoes 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 0.333 | Dividend Share 0.65 | Earnings Share 0.43 | Revenue Per Share 115.064 | Quarterly Revenue Growth (0.07) |
The market value of Ultrapar Participacoes is measured differently than its book value, which is the value of Ultrapar that is recorded on the company's balance sheet. Investors also form their own opinion of Ultrapar Participacoes' value that differs from its market value or its book value, called intrinsic value, which is Ultrapar Participacoes' 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 Ultrapar Participacoes' market value can be influenced by many factors that don't directly affect Ultrapar Participacoes' 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 Ultrapar Participacoes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ultrapar Participacoes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ultrapar Participacoes' 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.