Centrais Eltricas Correlations
| CLSC4 Preferred Stock | BRL 80.37 1.53 1.87% |
The current 90-days correlation between Centrais Eltricas and Companhia Energtica do is 0.04 (i.e., Significant diversification). The correlation of Centrais Eltricas 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.
Centrais Eltricas Correlation With Market
Modest diversification
The correlation between Centrais Eltricas de and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centrais Eltricas de and DJI in the same portfolio, assuming nothing else is changed.
Centrais |
The ability to find closely correlated positions to Centrais Eltricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrais Eltricas 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 Centrais Eltricas - 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 Centrais Eltricas de to buy it.
Related Correlations Analysis
| 0.82 | 0.93 | 0.83 | 0.74 | COCE5 | ||
| 0.82 | 0.89 | 0.71 | 0.91 | LIGT3 | ||
| 0.93 | 0.89 | 0.85 | 0.81 | ALUP11 | ||
| 0.83 | 0.71 | 0.85 | 0.65 | EQTL3 | ||
| 0.74 | 0.91 | 0.81 | 0.65 | CPLE3 | ||
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Risk-Adjusted Indicators
There is a big difference between Centrais Preferred Stock performing well and Centrais Eltricas 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 Centrais Eltricas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COCE5 | 1.44 | (0.33) | 0.00 | (0.62) | 0.00 | 2.95 | 7.34 | |||
| LIGT3 | 2.24 | (0.84) | 0.00 | (2.35) | 0.00 | 3.23 | 31.71 | |||
| ALUP11 | 0.83 | (0.18) | 0.00 | (4.11) | 0.00 | 1.58 | 5.60 | |||
| EQTL3 | 1.01 | (0.16) | 0.00 | 1.43 | 0.00 | 2.67 | 7.98 | |||
| CPLE3 | 1.05 | (0.18) | 0.00 | (0.39) | 0.00 | 2.20 | 7.99 |
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Centrais Eltricas Corporate Management
Elected by the shareholders, the Centrais Eltricas' board of directors comprises two types of representatives: Centrais Eltricas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Centrais. The board's role is to monitor Centrais Eltricas' management team and ensure that shareholders' interests are well served. Centrais Eltricas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Centrais Eltricas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Guilherme Correa | Head Department | Profile | |
| Pablo Carena | Transmission Generation | Profile | |
| Cleicio Martins | Member CEO | Profile | |
| Fbio Silva | Energy Officers | Profile | |
| Marcos Penna | Corp Board | Profile | |
| Pilar Silva | Control Planning | Profile | |
| Aureo Maliverne | Head Audit | Profile |