Xp Correlations

XPBR31 Stock   93.68  0.63  0.67%   
The current 90-days correlation between Xp Inc and Petro Rio SA is 0.11 (i.e., Average diversification). The correlation of Xp 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Xp Correlation With Market

Average diversification

The correlation between Xp Inc and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xp Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Xp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xp 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 Xp - 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 Xp Inc to buy it.

Moving together with Xp Stock

  0.9BPAC11 Banco BTG PactualPairCorr
  0.9HGRE11 CSHG Real EstatePairCorr
  0.77ARZZ3 Arezzo Indstria ePairCorr
  0.68RRRP3 3R Petroleum leoPairCorr
  0.79SBSP3 Companhia de SaneamentoPairCorr
  0.84SUZB3 Suzano SAPairCorr
  0.91RENT3 Localiza Rent aPairCorr
  0.63ELET6 Centrais EltricasPairCorr

Moving against Xp Stock

  0.86GSGI34 Goldman SachsPairCorr
  0.83AURA33 Aura MineralsPairCorr
  0.8MSBR34 Morgan StanleyPairCorr
  0.79AAPL34 Apple IncPairCorr

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   
C1MG34GOGL35
SUZB3PRIO3
B1TI34GOGL35
SUZB3BTLG11
SUZB3CSAN3
B1TI34C1MG34
  
High negative correlations   
GOGL35CSAN3
SUZB3B1TI34
SUZB3GOGL35
C1MG34CSAN3
B1TI34PRIO3
GOGL35BTLG11

Risk-Adjusted Indicators

There is a big difference between Xp Stock performing well and Xp 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 Xp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PRIO3  1.27 (0.26) 0.00 (2.33) 0.00 
 2.37 
 7.10 
CSAN3  1.29 (0.33) 0.00 (0.62) 0.00 
 2.24 
 7.58 
ENGI11  1.07 (0.11) 0.00 (0.22) 0.00 
 1.84 
 6.43 
BTLG11  0.38 (0.10) 0.00  0.59  0.00 
 0.62 
 2.20 
GOGL35  1.12  0.47  0.35 (48.28) 0.86 
 3.20 
 12.81 
NCRI11  1.45 (0.10) 0.00  0.48  0.00 
 3.24 
 10.42 
C1MG34  1.12  0.48  0.43  1.07  0.53 
 2.61 
 8.85 
B1TI34  0.98  0.14  0.12 (1.23) 1.00 
 2.41 
 6.95 
SUZB3  1.20 (0.33) 0.00  3.93  0.00 
 2.28 
 15.22 
WEGE3  0.74  0.07  0.08  0.37  0.77 
 1.57 
 4.77 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xp 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.

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Xp Corporate Management

Elected by the shareholders, the Xp's board of directors comprises two types of representatives: Xp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xp. The board's role is to monitor Xp's management team and ensure that shareholders' interests are well served. Xp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Xp's outside directors are responsible for providing unbiased perspectives on the board's policies.