Azul SA Correlations

AZUL Stock

USD 1.78 0.04 2.20%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Azul SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azul SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Azul SA Correlation With Market

Average diversification

The correlation between Azul SA and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azul SA and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Azul Stock please use our How to buy in Azul Stock guide.

Moving together with Azul Stock

0.62	VLRS	Volaris	Pair Corr
0.69	KNX	Knight Transportation	Pair Corr
0.62	NSC	Norfolk Southern	Pair Corr
0.67	SKYW	SkyWest	Pair Corr

Related Correlations Analysis

	GOL	VLRS	CPA	BRFS	ERJ
GOL		0.0	0.0	0.0	0.0	GOL
VLRS	0.0		-0.35	0.61	-0.77	VLRS
CPA	0.0	-0.35		-0.78	0.75	CPA
BRFS	0.0	0.61	-0.78		-0.82	BRFS
ERJ	0.0	-0.77	0.75	-0.82		ERJ
	GOL	VLRS	CPA	BRFS	ERJ

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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

ERJ	+ 0.75	CPA
BRFS	+ 0.61	VLRS
VLRS	+ 0.0	GOL
CPA	+ 0.0	GOL
BRFS	+ 0.0	GOL
ERJ	+ 0.0	GOL

High negative correlations

ERJ	- 0.82	BRFS
BRFS	- 0.78	CPA
ERJ	- 0.77	VLRS
CPA	- 0.35	VLRS
ERJ	- 0.0	GOL
BRFS	- 0.0	GOL

Risk-Adjusted Indicators

There is a big difference between Azul Stock performing well and Azul 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 Azul 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
GOL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VLRS	2.20	(0.48)	0.00	(0.53)	0.00	0.00	4.14	(5.76)	18.80
CPA	1.46	0.20	0.13	0.26	1.61	(1.53)	3.84	(2.68)	7.43
BRFS	1.93	(0.55)	0.00	(3.92)	0.00	0.00	3.23	(3.73)	12.92
ERJ	1.98	0.69	0.35	0.93	1.49	(2.27)	5.43	(3.57)	19.10

Azul SA Corporate Management

Alexandre Malfitani	Head of TudoAzul Loyalty Program	Profile
Jason Ward	Vice Customers	Profile
Andrea Bottcher	Investor Mang	Profile
Thais Haberli	IR Mang	Profile
Gelzon Pizzirani	Independent Member of Board	Profile
Carolyn Trabuco	Independent Member of Board	Profile
Gilberto Peralta	Independent Member of Board	Profile

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