Baumer SA Correlations

BALM3 Stock

BRL 13.60 1.80 11.69%

The current 90-days correlation between Baumer SA and Vulcan Materials is -0.02 (i.e., Good diversification). The correlation of Baumer 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.

Baumer SA Correlation With Market

Weak diversification

The correlation between Baumer SA and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baumer SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Baumer 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 Baumer 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 Baumer 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 Baumer SA to buy it.

Moving together with Baumer Stock

0.83	BMKS3	Bicicletas Monark	Pair Corr
0.77	BPAC5	Banco BTG Pactual	Pair Corr
0.86	CASH3	Mliuz SA	Pair Corr
0.78	CVSH34	CVS Health	Pair Corr
0.76	ROMI3	Indstrias Romi SA	Pair Corr
0.83	SANB3	Banco Santander SA	Pair Corr
0.78	ECOR3	EcoRodovias Infraestrutura	Pair Corr
0.79	CPLE3	Companhia Paranaense	Pair Corr
0.83	TIMS3	TIM SA	Pair Corr
0.86	SANB4	Banco Santander SA	Pair Corr
0.66	ATTB34	ATT Inc	Pair Corr
0.62	LEVE3	MAHLE Metal Leve	Pair Corr
0.84	CTKA3	Karsten SA	Pair Corr
0.83	K1SG34	Keysight Technologies,	Pair Corr
0.8	CCRO3F	CCRO3F	Pair Corr
0.7	IRBR3	IRB Brasil Resseguros	Pair Corr
0.83	CSED3	Cruzeiro do Sul	Pair Corr
0.84	SRNA3	Serena Energia SA	Pair Corr
0.82	ITUB3	Ita Unibanco Holding Split	Pair Corr

Moving against Baumer Stock

0.55	FLRY3	Fleury SA	Pair Corr
0.35	RMAI11	Domo Fundo de	Pair Corr
0.53	LUXM4	Trevisa Investimentos	Pair Corr
0.42	H1UM34	Humana Inc	Pair Corr

Related Correlations Analysis

	V1MC34	UNHH34	E1LV34	VVEO3	D1RI34	N2LY34	Z1OM34	TSNF34
V1MC34		0.71	0.67	0.63	-0.46	-0.59	0.84	0.46	V1MC34
UNHH34	0.71		0.8	0.69	-0.25	-0.83	0.73	0.16	UNHH34
E1LV34	0.67	0.8		0.57	-0.1	-0.75	0.78	0.0	E1LV34
VVEO3	0.63	0.69	0.57		-0.33	-0.8	0.62	0.39	VVEO3
D1RI34	-0.46	-0.25	-0.1	-0.33		0.14	-0.34	-0.78	D1RI34
N2LY34	-0.59	-0.83	-0.75	-0.8	0.14		-0.68	-0.03	N2LY34
Z1OM34	0.84	0.73	0.78	0.62	-0.34	-0.68		0.3	Z1OM34
TSNF34	0.46	0.16	0.0	0.39	-0.78	-0.03	0.3		TSNF34
	V1MC34	UNHH34	E1LV34	VVEO3	D1RI34	N2LY34	Z1OM34	TSNF34

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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

Z1OM34	+ 0.84	V1MC34
E1LV34	+ 0.8	UNHH34
Z1OM34	+ 0.78	E1LV34
Z1OM34	+ 0.73	UNHH34
UNHH34	+ 0.71	V1MC34
VVEO3	+ 0.69	UNHH34

High negative correlations

N2LY34	- 0.83	UNHH34
N2LY34	- 0.8	VVEO3
TSNF34	- 0.78	D1RI34
N2LY34	- 0.75	E1LV34
Z1OM34	- 0.68	N2LY34
N2LY34	- 0.59	V1MC34

Risk-Adjusted Indicators

There is a big difference between Baumer Stock performing well and Baumer 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 Baumer 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
V1MC34	1.01	(0.42)	0.00	(4.18)	0.00	0.00	0.00	(4.33)	16.98
UNHH34	1.70	(0.23)	0.00	(1.04)	0.00	0.00	3.11	(5.12)	13.42
E1LV34	0.48	(0.11)	0.00	(3.63)	0.00	0.00	0.88	(2.29)	10.71
VVEO3	3.06	(0.20)	0.00	1.69	0.00	0.00	7.80	(5.33)	19.18
D1RI34	1.23	0.25	0.13	3.08	1.23	(2.94)	3.14	(2.40)	26.06
N2LY34	0.99	0.12	0.11	5.06	1.38	(1.09)	2.15	(2.23)	7.46
Z1OM34	1.63	(0.26)	0.00	(1.06)	0.00	0.00	2.34	(3.13)	19.86
TSNF34	0.87	(0.16)	0.00	2.24	0.00	0.00	1.74	(3.57)	7.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in Baumer 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.

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