Braskem SA Correlations
| BRKM5 Preferred Stock | BRL 15.00 0.64 4.46% |
The current 90-days correlation between Braskem SA and Companhia Siderrgica Nacional is 0.22 (i.e., Modest diversification). The correlation of Braskem 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.
Braskem SA Correlation With Market
Modest diversification
The correlation between Braskem SA and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braskem SA and DJI in the same portfolio, assuming nothing else is changed.
Braskem |
The ability to find closely correlated positions to Braskem 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 Braskem 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 Braskem 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 Braskem SA to buy it.
Moving together with Braskem Preferred Stock
| 0.78 | PPLA11 | PPLA Participations | PairCorr |
| 0.76 | FIGS11 | Fundo de Investimento | PairCorr |
| 0.8 | RBED11 | Aesapar Fundo de | PairCorr |
| 0.71 | SPTW11 | Sp Downtown Fundo | PairCorr |
| 0.82 | MBRF11 | Fundo De Investimento | PairCorr |
Moving against Braskem Preferred Stock
| 0.91 | W1MC34 | Waste Management | PairCorr |
| 0.65 | UNIP5 | Unipar Carbocloro | PairCorr |
| 0.51 | ARMT34 | ArcelorMittal SA | PairCorr |
| 0.49 | CTSH34 | Cognizant Technology | PairCorr |
| 0.49 | UNIP3 | Unipar Carbocloro | PairCorr |
| 0.36 | A1IV34 | Apartment Investment and | PairCorr |
Related Correlations Analysis
| 0.37 | 0.03 | -0.25 | 0.42 | CSNA3 | ||
| 0.37 | 0.09 | -0.14 | -0.12 | USIM5 | ||
| 0.03 | 0.09 | 0.43 | -0.56 | GGBR4 | ||
| -0.25 | -0.14 | 0.43 | -0.2 | CMIG4 | ||
| 0.42 | -0.12 | -0.56 | -0.2 | CSAN3 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Braskem Preferred Stock performing well and Braskem 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 Braskem 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSNA3 | 2.03 | (0.01) | (0.04) | 0.05 | 2.56 | 3.34 | 14.08 | |||
| USIM5 | 1.97 | (0.01) | (0.04) | 0.00 | 2.66 | 4.40 | 13.69 | |||
| GGBR4 | 1.24 | 0.26 | 0.05 | (0.51) | 1.34 | 3.10 | 13.36 | |||
| CMIG4 | 0.98 | 0.09 | (0.05) | (0.45) | 1.17 | 2.79 | 9.36 | |||
| CSAN3 | 1.80 | (0.41) | 0.00 | 4.86 | 0.00 | 3.84 | 16.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Braskem 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?
Run Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
Braskem SA Corporate Management
Elected by the shareholders, the Braskem SA's board of directors comprises two types of representatives: Braskem SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Braskem. The board's role is to monitor Braskem SA's management team and ensure that shareholders' interests are well served. Braskem 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, Braskem SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Everson Bassinello | Chief Officer | Profile | |
| Cristiana Lapa | Gen Officer | Profile | |
| Roberto Bischoff | Member of the Executive Management, Head of Latin America Unit | Profile | |
| Marcelo Cerqueira | Member of the Executive Management, Head of Basic Petrochemicals Unit | Profile | |
| Daniel Correa | Ex Technologies | Profile | |
| Roberto Simoes | CEO Director | Profile |