Bombril SA Correlations
| BOBR4 Preferred Stock | BRL 1.64 0.01 0.61% |
The current 90-days correlation between Bombril SA and Eternit SA is 0.14 (i.e., Average diversification). The correlation of Bombril 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.
Bombril SA Correlation With Market
Average diversification
The correlation between Bombril 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 Bombril SA and DJI in the same portfolio, assuming nothing else is changed.
Bombril |
The ability to find closely correlated positions to Bombril 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 Bombril 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 Bombril 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 Bombril SA to buy it.
Moving against Bombril Preferred Stock
| 0.76 | H1SB34 | HSBC Holdings plc | PairCorr |
| 0.64 | SNEC34 | Sony Group | PairCorr |
| 0.61 | DBAG34 | Deutsche Bank Aktien | PairCorr |
| 0.59 | T1TW34 | Take Two Interactive | PairCorr |
| 0.56 | AURA33 | Aura Minerals | PairCorr |
| 0.51 | RPMG3 | Refinaria de Petrleos | PairCorr |
| 0.49 | I1SR34 | Intuitive Surgical | PairCorr |
| 0.47 | CTGP34 | Citigroup | PairCorr |
| 0.46 | B1SA34 | Banco Santander Chile | PairCorr |
| 0.39 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.37 | FMSC34 | Fresenius Medical Care | PairCorr |
| 0.35 | LILY34 | Eli Lilly | PairCorr |
| 0.34 | HOND34 | Honda Motor | PairCorr |
| 0.33 | TMCO34 | Toyota Motor | PairCorr |
| 0.33 | JPMC34 | JPMorgan Chase | PairCorr |
| 0.32 | ELET3 | Centrais Eltricas | PairCorr |
Related Correlations Analysis
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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 Bombril Preferred Stock performing well and Bombril 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 Bombril 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETER3 | 1.90 | 0.09 | 0.03 | 0.06 | 2.73 | 4.10 | 15.74 | |||
| LUPA3 | 1.78 | (0.03) | 0.00 | (0.04) | 0.00 | 3.17 | 16.32 | |||
| INEP4 | 3.59 | 0.18 | 0.04 | 0.38 | 3.91 | 8.51 | 21.03 | |||
| POMO4 | 1.86 | (0.21) | 0.00 | (0.30) | 0.00 | 4.12 | 12.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bombril 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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Bombril SA Corporate Management
Elected by the shareholders, the Bombril SA's board of directors comprises two types of representatives: Bombril SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bombril. The board's role is to monitor Bombril SA's management team and ensure that shareholders' interests are well served. Bombril 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, Bombril SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Antonio Oliveira | CEO Board | Profile | |
| Lineu Filho | Chief Officer | Profile | |
| Rodrigo Lacerda | Marketing Board | Profile | |
| Ricardo Heemann | Commercial Board | Profile | |
| Marcus Rodrigues | Legal Board | Profile | |
| Ronnie Motta | Investor CFO | Profile | |
| Persio Pinheiro | Organizational Board | Profile |