Sendas Distribuidora Correlations

Summary

ASAIDelisted Stock

USD 4.60 0.09 2.00%

The current 90-days correlation between Sendas Distribuidora and Weis Markets is 0.11 (i.e., Average diversification). The correlation of Sendas Distribuidora 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.

Sendas Distribuidora Correlation With Market

Average diversification

The correlation between Sendas Distribuidora SA and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sendas Distribuidora SA and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Sendas Stock

0.71	AXP	American Express	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.79	MSFT	Microsoft Aggressive Push	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.77	CAT	Caterpillar	Pair Corr

Moving against Sendas Stock

0.92	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.91	KO	Coca Cola Sell-off Trend	Pair Corr
0.9	JNJ	Johnson Johnson	Pair Corr
0.88	T	ATT Inc Aggressive Push	Pair Corr
0.79	MCD	McDonalds	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.63	INTC	Intel Sell-off Trend	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.51	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.5	CVX	Chevron Corp	Pair Corr
0.39	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	VLGEA	WMK	IMKTA	GO	NGVC	SFM	ACI	OCDGF	TSCDF	KKOYY
VLGEA		0.26	0.29	0.08	0.34	0.58	0.46	-0.09	-0.14	0.21	VLGEA
WMK	0.26		-0.47	-0.7	-0.27	-0.1	0.76	-0.73	0.13	0.79	WMK
IMKTA	0.29	-0.47		0.81	0.38	0.29	-0.45	0.63	-0.01	-0.46	IMKTA
GO	0.08	-0.7	0.81		0.47	0.34	-0.5	0.8	0.01	-0.75	GO
NGVC	0.34	-0.27	0.38	0.47		0.9	0.1	0.6	0.35	-0.54	NGVC
SFM	0.58	-0.1	0.29	0.34	0.9		0.3	0.38	0.29	-0.32	SFM
ACI	0.46	0.76	-0.45	-0.5	0.1	0.3		-0.53	0.11	0.47	ACI
OCDGF	-0.09	-0.73	0.63	0.8	0.6	0.38	-0.53		0.24	-0.77	OCDGF
TSCDF	-0.14	0.13	-0.01	0.01	0.35	0.29	0.11	0.24		-0.08	TSCDF
KKOYY	0.21	0.79	-0.46	-0.75	-0.54	-0.32	0.47	-0.77	-0.08		KKOYY
	VLGEA	WMK	IMKTA	GO	NGVC	SFM	ACI	OCDGF	TSCDF	KKOYY

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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

SFM	+ 0.9	NGVC
GO	+ 0.81	IMKTA
OCDGF	+ 0.8	GO
KKOYY	+ 0.79	WMK
ACI	+ 0.76	WMK
OCDGF	+ 0.63	IMKTA

High negative correlations

KKOYY	- 0.77	OCDGF
KKOYY	- 0.75	GO
OCDGF	- 0.73	WMK
GO	- 0.7	WMK
KKOYY	- 0.54	NGVC
OCDGF	- 0.53	ACI

Risk-Adjusted Indicators

There is a big difference between Sendas Stock performing well and Sendas Distribuidora 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 Sendas Distribuidora'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
VLGEA	1.36	0.12	0.08	0.20	1.60	(1.39)	2.82	(3.14)	10.84
WMK	1.28	0.12	0.08	0.36	1.71	(1.23)	2.78	(2.87)	8.78
IMKTA	1.20	(0.13)	0.00	(0.43)	0.00	0.00	2.16	(2.47)	6.23
GO	2.97	(0.46)	0.00	(0.95)	0.00	0.00	7.64	(4.81)	38.19
NGVC	2.40	0.01	0.00	(0.03)	0.00	0.00	4.46	(5.63)	16.17
SFM	2.04	0.12	0.03	0.04	3.61	(1.95)	4.43	(3.51)	21.16
ACI	1.23	0.10	0.07	0.17	1.71	(1.16)	3.42	(2.69)	8.11
OCDGF	2.29	(0.40)	0.00	0.43	0.00	0.00	4.95	(7.26)	25.86
TSCDF	2.17	(0.14)	0.00	0.54	0.00	0.00	4.77	(5.16)	12.65
KKOYY	1.31	0.10	0.08	(1.32)	1.58	(1.42)	3.35	(2.88)	9.00

Sendas Distribuidora Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sendas Distribuidora stock to make a market-neutral strategy. Peer analysis of Sendas Distribuidora could also be used in its relative valuation, which is a method of valuing Sendas Distribuidora by comparing valuation metrics with similar companies.

Village Super Market Weis Markets Ingles Markets Incorporated Grocery Outlet Holding Natural Grocers by Sprouts Farmers Market Albertsons Companies Ocado Group PLC Tesco PLC Kesko Oyj ADR Tesco PLC American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Sendas Distribuidora Corporate Management

Vitor Almeida	VP Board	Profile
Christophe Hidalgo	Director	Profile
Geraldo Mattos	Independent Director	Profile
Philippe Alarcon	Director	Profile
Luiz Carvalho	Independent Director	Profile
JeanCharles Naouri	Chairman of the Board	Profile
Josseline Clausade	Director	Profile

Still Interested in Sendas Distribuidora SA?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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