B3 SA Correlations
| B3SA3 Stock | 12.35 0.31 2.57% |
The current 90-days correlation between B3 SA and Engie Brasil Energia is 0.32 (i.e., Weak diversification). The correlation of B3 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. If the correlation is 0, the equities are not correlated; they are entirely random.
B3 SA Correlation With Market
Modest diversification
The correlation between B3 SA and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B3 SA and DJI in the same portfolio, assuming nothing else is changed.
B3SA3 |
The ability to find closely correlated positions to B3 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 B3 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 B3 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 B3 SA to buy it.
Moving together with B3SA3 Stock
| 0.76 | AURA33 | Aura Minerals | PairCorr |
| 0.66 | ALPA4 | Alpargatas SA | PairCorr |
| 0.72 | SANB4F | SANB4F | PairCorr |
| 0.63 | PTNT3 | Pettenati SA Industria | PairCorr |
| 0.75 | BBDC3 | Banco Bradesco SA | PairCorr |
| 0.77 | SANB4 | Banco Santander SA | PairCorr |
| 0.61 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.67 | BGIP4 | Banco do Estado | PairCorr |
| 0.66 | BRSR6 | Banco do Estado | PairCorr |
| 0.67 | BRSR3 | Banco do Estado | PairCorr |
| 0.8 | HYPE3 | Hypera SA | PairCorr |
| 0.71 | PLPL3 | Plano Plano Desenvol | PairCorr |
| 0.71 | CEBR3 | Companhia Energtica | PairCorr |
| 0.74 | ALUP4 | Alupar Investimento | PairCorr |
| 0.82 | PRNR3 | Priner Servios Indus | PairCorr |
| 0.71 | CEBR6 | Companhia Energtica | PairCorr |
Moving against B3SA3 Stock
| 0.73 | UPSS34 | United Parcel Service | PairCorr |
| 0.66 | TGTB34 | Target | PairCorr |
| 0.65 | HOME34 | Home Depot | PairCorr |
| 0.51 | AMZO34 | Amazon Inc | PairCorr |
| 0.41 | TMCO34 | Toyota Motor | PairCorr |
Related Correlations Analysis
| -0.43 | -0.33 | -0.36 | 0.61 | WEGE3 | ||
| -0.43 | 0.82 | 0.88 | -0.1 | EGIE3 | ||
| -0.33 | 0.82 | 0.84 | -0.14 | VALE3 | ||
| -0.36 | 0.88 | 0.84 | 0.06 | MGLU3 | ||
| 0.61 | -0.1 | -0.14 | 0.06 | LREN3 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between B3SA3 Stock performing well and B3 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 B3 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEGE3 | 1.46 | (0.21) | 0.00 | 14.43 | 0.00 | 2.32 | 11.97 | |||
| EGIE3 | 0.88 | 0.06 | 0.11 | 0.21 | 1.20 | 2.07 | 5.49 | |||
| VALE3 | 1.12 | 0.04 | 0.08 | 0.05 | 1.31 | 3.28 | 6.24 | |||
| MGLU3 | 3.79 | 0.48 | 0.11 | 0.30 | 3.78 | 10.05 | 15.95 | |||
| LREN3 | 2.60 | (0.08) | 0.00 | (0.27) | 0.00 | 4.35 | 18.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in B3 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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B3 SA Corporate Management
Elected by the shareholders, the B3 SA's board of directors comprises two types of representatives: B3 SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of B3SA3. The board's role is to monitor B3 SA's management team and ensure that shareholders' interests are well served. B3 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, B3 SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Luis Lima | Ex Board | Profile | |
| Eduardo Farias | Ex Board | Profile | |
| Marcos Ferreira | Chief Board | Profile | |
| Viviane Basso | Depositary Issuers | Profile | |
| Andre Milanez | Co Financial | Profile | |
| Jose Andrade | Chief Board | Profile | |
| Gilson Finkelsztain | CEO Board | Profile |