Ambev SA Correlations
| AMNA Stock | EUR 1.96 0.12 6.52% |
The current 90-days correlation between Ambev SA and Heineken NV is -0.16 (i.e., Good diversification). The correlation of Ambev 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Ambev SA Correlation With Market
Significant diversification
The correlation between Ambev SA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambev SA and DJI in the same portfolio, assuming nothing else is changed.
Ambev |
The ability to find closely correlated positions to Ambev 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 Ambev 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 Ambev 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 Ambev SA to buy it.
Moving against Ambev Stock
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| 0.39 | M4I | Mastercard | PairCorr |
| 0.37 | SIX2 | Sixt SE | PairCorr |
| 0.35 | CQD | Charter Communications | PairCorr |
| 0.35 | PCG6 | PG E P6 | PairCorr |
| 0.33 | NH5 | NH HOTEL GROUP | PairCorr |
| 0.32 | MFZA | Mitsubishi UFJ Financial | PairCorr |
| 0.32 | WD5A | TRAVEL LEISURE DL | PairCorr |
| 0.31 | NOA3 | Nokia | PairCorr |
| 0.31 | TM5 | T Mobile | PairCorr |
| 0.4 | NT4 | Northern Trust | PairCorr |
| 0.39 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.33 | VA7A | VERISK ANLYTCS A | PairCorr |
| 0.33 | ADH2 | Air Canada | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Ambev Stock performing well and Ambev 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 Ambev 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FOMC | 1.09 | (0.16) | 0.00 | 0.52 | 0.00 | 1.83 | 8.12 | |||
| HNK1 | 0.91 | (0.21) | 0.00 | 1.06 | 0.00 | 1.39 | 6.75 | |||
| HNK2 | 0.81 | (0.22) | 0.00 | (48.24) | 0.00 | 1.18 | 7.02 | |||
| AMNA | 1.61 | 0.02 | 0.00 | 0.13 | 1.85 | 3.57 | 9.40 | |||
| 4H5 | 0.82 | (0.24) | 0.00 | 1.34 | 0.00 | 1.52 | 5.81 | |||
| CBGB | 1.17 | (0.20) | 0.00 | (0.43) | 0.00 | 2.58 | 7.55 | |||
| CBGA | 1.42 | (0.37) | 0.00 | 1.82 | 0.00 | 2.48 | 7.58 | |||
| ABW | 1.55 | (0.20) | 0.00 | (0.22) | 0.00 | 3.47 | 12.33 | |||
| KIR | 1.16 | (0.12) | 0.00 | (0.63) | 0.00 | 2.36 | 7.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ambev 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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Ambev SA Corporate Management
Elected by the shareholders, the Ambev SA's board of directors comprises two types of representatives: Ambev SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ambev. The board's role is to monitor Ambev SA's management team and ensure that shareholders' interests are well served. Ambev SA'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, Ambev SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jean Neto | CEO Board | Profile | |
| Eduardo Horai | VP Officers | Profile | |
| Paulo Zagman | VP Officers | Profile | |
| Lucas Lira | Chief Officers | Profile | |
| Eduardo Lacerda | VP Officers | Profile | |
| Daniel Cocenzo | VP Officers | Profile | |
| Daniel Cordeiro | VP Officers | Profile |