Companhia Paranaense Correlations
| CPLE6 Preferred Stock | BRL 9.70 0.01 0.10% |
The current 90-days correlation between Companhia Paranaense and CTEEP Companhia is 0.4 (i.e., Very weak diversification). The correlation of Companhia Paranaense 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.
Companhia Paranaense Correlation With Market
Good diversification
The correlation between Companhia Paranaense de and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Companhia Paranaense de and DJI in the same portfolio, assuming nothing else is changed.
Companhia |
The ability to find closely correlated positions to Companhia Paranaense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia Paranaense 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 Companhia Paranaense - 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 Companhia Paranaense de to buy it.
Moving together with Companhia Preferred Stock
| 0.82 | GSHP3 | General Shopping e | PairCorr |
| 0.66 | EQMA3B | Equatorial Maranho | PairCorr |
| 0.62 | BRKM3 | Braskem SA | PairCorr |
Moving against Companhia Preferred Stock
| 0.88 | ARMT34 | ArcelorMittal SA | PairCorr |
| 0.63 | W1MC34 | Waste Management | PairCorr |
| 0.48 | CTSH34 | Cognizant Technology | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Companhia Preferred Stock performing well and Companhia Paranaense 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 Companhia Paranaense'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRPL4 | 0.68 | (0.06) | 0.00 | (0.43) | 0.00 | 1.85 | 7.76 | |||
| CMIG4 | 0.98 | 0.09 | (0.05) | (0.45) | 1.17 | 2.79 | 9.36 | |||
| ELET6 | 0.86 | (0.24) | 0.00 | 1.33 | 0.00 | 1.51 | 5.35 | |||
| CPFE3 | 0.75 | (0.03) | 0.00 | (0.34) | 0.00 | 1.57 | 7.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Companhia Paranaense 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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Companhia Paranaense Corporate Management
Elected by the shareholders, the Companhia Paranaense's board of directors comprises two types of representatives: Companhia Paranaense inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Companhia. The board's role is to monitor Companhia Paranaense's management team and ensure that shareholders' interests are well served. Companhia Paranaense'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, Companhia Paranaense's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henrique Neto | Chief Officer | Profile | |
| Ana Feller | Chief Corporate Management Officer, Member of the Executive Board | Profile | |
| Vlademir Daleffe | CEO Distribution | Profile | |
| Eduardo Barbosa | Chief Legal and Institutional Relations Officer, Member of the Executive Board | Profile | |
| Cassio Silva | Chief Board | Profile |