Cosan SA Correlations

CSAN Stock

USD 5.55 0.10 1.77%

The current 90-days correlation between Cosan SA ADR and Valvoline is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cosan SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosan SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cosan SA Correlation With Market

Average diversification

The correlation between Cosan SA ADR and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cosan SA ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cosan SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Cosan Stock

0.75

AMTX

Aemetis

Pair Corr

Moving against Cosan Stock

0.61	CAPL	Crossamerica Partners	Pair Corr
0.56	SGU	Star Gas Partners	Pair Corr
0.53	SUN	Sunoco LP	Pair Corr
0.5	AM	Antero Midstream Partners	Pair Corr
0.44	EC	Ecopetrol SA ADR	Pair Corr
0.41	BP	BP PLC ADR	Pair Corr
0.37	WKC	World Kinect	Pair Corr
0.33	E	Eni SpA ADR	Pair Corr
0.32	PSX	Phillips 66 Sell-off Trend	Pair Corr
0.38	BSM	Black Stone Minerals	Pair Corr
0.33	EPSN	Epsilon Energy	Pair Corr

Related Correlations Analysis

	DK	CAPL	PARR	VVV	SGU	SPTJF	NTOIY	DINO	DKL	CVI
DK		-0.45	0.93	0.37	-0.54	0.16	0.72	0.75	0.41	0.44	DK
CAPL	-0.45		-0.61	-0.18	0.91	-0.1	-0.76	-0.35	0.37	0.09	CAPL
PARR	0.93	-0.61		0.34	-0.67	0.2	0.81	0.77	0.28	0.44	PARR
VVV	0.37	-0.18	0.34		0.05	0.07	0.17	0.71	-0.1	0.06	VVV
SGU	-0.54	0.91	-0.67	0.05		-0.02	-0.84	-0.23	0.15	0.0	SGU
SPTJF	0.16	-0.1	0.2	0.07	-0.02		0.11	0.14	0.13	0.31	SPTJF
NTOIY	0.72	-0.76	0.81	0.17	-0.84	0.11		0.44	0.06	0.19	NTOIY
DINO	0.75	-0.35	0.77	0.71	-0.23	0.14	0.44		0.12	0.44	DINO
DKL	0.41	0.37	0.28	-0.1	0.15	0.13	0.06	0.12		0.5	DKL
CVI	0.44	0.09	0.44	0.06	0.0	0.31	0.19	0.44	0.5		CVI
	DK	CAPL	PARR	VVV	SGU	SPTJF	NTOIY	DINO	DKL	CVI

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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

PARR	+ 0.93	DK
SGU	+ 0.91	CAPL
NTOIY	+ 0.81	PARR
DINO	+ 0.77	PARR
DINO	+ 0.75	DK
NTOIY	+ 0.72	DK

High negative correlations

NTOIY	- 0.84	SGU
NTOIY	- 0.76	CAPL
SGU	- 0.67	PARR
PARR	- 0.61	CAPL
SGU	- 0.54	DK
CAPL	- 0.45	DK

Risk-Adjusted Indicators

There is a big difference between Cosan Stock performing well and Cosan 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 Cosan 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
DK	2.66	0.01	0.00	(0.06)	0.00	0.00	5.29	(5.12)	16.57
CAPL	0.78	0.18	0.23	22.33	0.81	(0.80)	1.69	(1.63)	4.73
PARR	2.61	(0.08)	0.00	(0.15)	0.00	0.00	4.89	(6.50)	16.24
VVV	1.28	(0.07)	0.00	(0.16)	0.00	0.00	2.06	(2.65)	11.31
SGU	1.07	0.21	0.24	7.62	0.88	(1.35)	2.46	(1.84)	7.92
SPTJF	2.65	0.32	0.04	(0.84)	3.22	(12.85)	7.14	(6.67)	32.14
NTOIY	2.39	(0.34)	0.00	(0.90)	0.00	0.00	3.59	(6.21)	15.50
DINO	1.92	(0.09)	0.00	(0.16)	0.00	0.00	3.90	(4.79)	12.94
DKL	1.03	0.22	0.22	0.36	0.97	(1.18)	2.92	(1.98)	6.06
CVI	2.21	0.21	0.09	0.35	2.67	(2.15)	5.07	(4.18)	12.26

Cosan SA Corporate Management

Leonardo Pontes	Chief Investimentos	Profile
Ana Perina	Investor Mang	Profile
Marcelo Martins	Vice Chairman of the Board, Chief Financial and Investor Relations Officer, Member of the Executive Board	Profile
Antnio Rodrigues	Chief Comgs	Profile
Jose Scheinkman	Independent Director	Profile
Ricardo Mussa	CEO SA	Profile
Vasco Junior	Independent Director	Profile

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