Sendas Distribuidora Correlations
ASAI3 Stock | BRL 7.73 0.18 2.38% |
The current 90-days correlation between Sendas Distribuidora and Companhia Brasileira de is 0.43 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sendas Distribuidora Correlation With Market
Weak diversification
The correlation between Sendas Distribuidora SA and DJI is 0.34 (i.e., Weak 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.
Sendas |
The ability to find closely correlated positions to Sendas Distribuidora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sendas Distribuidora 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 Sendas Distribuidora - 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 Sendas Distribuidora SA to buy it.
Moving together with Sendas Stock
0.71 | SBUB34 | Starbucks | PairCorr |
0.61 | TCSA3 | Tecnisa SA | PairCorr |
0.71 | PFRM3 | Profarma Distribuidora | PairCorr |
0.78 | BRSR6 | Banco do Estado | PairCorr |
0.79 | BGIP4 | Banco do Estado | PairCorr |
0.83 | CCRO3F | CCRO3F | PairCorr |
0.91 | CCRO3 | CCR SA | PairCorr |
0.64 | AMGN34 | Amgen Inc | PairCorr |
0.62 | VLID3 | Valid Solues SA | PairCorr |
0.8 | GEOO34 | General Electric | PairCorr |
0.73 | VULC3 | Vulcabras Azaleia | PairCorr |
0.85 | BPAN4 | Banco Pan SA | PairCorr |
0.76 | LEVE3 | MAHLE Metal Leve | PairCorr |
0.95 | SBSP3 | Companhia de Saneamento | PairCorr |
0.95 | ITUB3 | Ita Unibanco Holding Split | PairCorr |
0.77 | CPFE3 | CPFL Energia SA | PairCorr |
0.76 | BAZA3F | BAZA3F | PairCorr |
0.79 | MTSA4 | METISA Metalrgica | PairCorr |
0.81 | CTKA3 | Karsten SA | PairCorr |
0.85 | BROF11 | Brpr Corporate Offices | PairCorr |
0.86 | CEBR3 | Companhia Energtica | PairCorr |
0.93 | CPLE3 | Companhia Paranaense | PairCorr |
0.88 | BALM3 | Baumer SA | PairCorr |
0.87 | HYPE3 | Hypera SA | PairCorr |
Moving against Sendas Stock
0.8 | UPSS34 | United Parcel Service | PairCorr |
0.69 | TGTB34 | Target | PairCorr |
0.57 | AMZO34 | Amazon Inc | PairCorr |
0.56 | TMCO34 | Toyota Motor | PairCorr |
0.54 | HOME34 | Home Depot | PairCorr |
Related Correlations Analysis
0.09 | 0.5 | -0.06 | -0.5 | PCAR3 | ||
0.09 | 0.16 | 0.27 | -0.18 | CRFB3 | ||
0.5 | 0.16 | -0.38 | -0.12 | PETZ3 | ||
-0.06 | 0.27 | -0.38 | 0.25 | NTCO3 | ||
-0.5 | -0.18 | -0.12 | 0.25 | AMER3 | ||
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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
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PCAR3 | 3.16 | (0.06) | 0.00 | 0.09 | 0.00 | 5.35 | 25.57 | |||
CRFB3 | 2.53 | 0.37 | 0.10 | 0.62 | 3.59 | 7.80 | 22.18 | |||
PETZ3 | 2.43 | 0.28 | 0.10 | 0.24 | 2.83 | 6.34 | 18.16 | |||
NTCO3 | 2.49 | (0.61) | 0.00 | 0.51 | 0.00 | 4.82 | 9.46 | |||
AMER3 | 3.96 | (0.13) | 0.00 | (1.55) | 0.00 | 9.17 | 36.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sendas Distribuidora 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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Sendas Distribuidora Corporate Management
Elected by the shareholders, the Sendas Distribuidora's board of directors comprises two types of representatives: Sendas Distribuidora inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sendas. The board's role is to monitor Sendas Distribuidora's management team and ensure that shareholders' interests are well served. Sendas Distribuidora'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, Sendas Distribuidora's outside directors are responsible for providing unbiased perspectives on the board's policies.
Belmiro Gomes | Member CEO | Profile | |
Anderson Castilho | COO Board | Profile | |
Gabrielle Helu | Investor Board | Profile | |
Wlamir Anjos | Chief Board | Profile | |
Daniela Papa | CFO Board | Profile |