Bresco Fundo Correlations

BRCO11 Fund  BRL 101.15  0.83  0.81%   
The correlation of Bresco Fundo 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.

Bresco Fundo Correlation With Market

Significant diversification

The correlation between Bresco Fundo and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bresco Fundo and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bresco Fundo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bresco Fundo 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 Bresco Fundo - 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 Bresco Fundo to buy it.

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   
OUJP11RBED11
KNHF11OUJP11
BRCO11KNHF11
KNHF11RBED11
BRCO11RBED11
BRCO11OUJP11
  
High negative correlations   
EXES11PNPR11
EXES11LFTT11
PNPR11RMAI11
BRCO11RMAI11
BRCO11LFTT11
KNHF11RMAI11

Risk-Adjusted Indicators

There is a big difference between Bresco Fund performing well and Bresco Fundo Fund 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 Bresco Fundo'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bresco Fundo 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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