Este Lauder Correlations

ELCI34 Stock

BRL 17.68 0.08 0.45%

The current 90-days correlation between Este Lauder and Verizon Communications is 0.01 (i.e., Significant diversification). The correlation of Este Lauder 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.

Este Lauder Correlation With Market

Average diversification

The correlation between The Este Lauder and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Este Lauder and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Este Lauder could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Este Lauder 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 Este Lauder - 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 The Este Lauder to buy it.

Moving together with Este Stock

0.64

COTY34

Coty Inc

Pair Corr

Moving against Este Stock

0.53	ITUB3	Ita Unibanco Holding	Pair Corr
0.5	ITUB4	Ita Unibanco Holding	Pair Corr
0.47	BABA34	Alibaba Group Holding	Pair Corr
0.43	MNDL3	Mundial SA	Pair Corr
0.34	SHUL4	Schulz SA	Pair Corr

Related Correlations Analysis

	MTSA4	Z1OM34	VERZ34	CHCM34	SSFO34	F1NI34	R1YA34	COWC34
MTSA4		-0.57	-0.46	-0.78	-0.77	-0.8	-0.41	0.25	MTSA4
Z1OM34	-0.57		0.19	0.42	0.75	0.73	0.36	-0.05	Z1OM34
VERZ34	-0.46	0.19		0.8	0.22	0.28	0.43	0.16	VERZ34
CHCM34	-0.78	0.42	0.8		0.59	0.57	0.48	0.0	CHCM34
SSFO34	-0.77	0.75	0.22	0.59		0.84	0.53	-0.17	SSFO34
F1NI34	-0.8	0.73	0.28	0.57	0.84		0.45	-0.27	F1NI34
R1YA34	-0.41	0.36	0.43	0.48	0.53	0.45		0.37	R1YA34
COWC34	0.25	-0.05	0.16	0.0	-0.17	-0.27	0.37		COWC34
	MTSA4	Z1OM34	VERZ34	CHCM34	SSFO34	F1NI34	R1YA34	COWC34

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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

F1NI34	+ 0.84	SSFO34
CHCM34	+ 0.8	VERZ34
SSFO34	+ 0.75	Z1OM34
F1NI34	+ 0.73	Z1OM34
SSFO34	+ 0.59	CHCM34
F1NI34	+ 0.57	CHCM34

High negative correlations

F1NI34	- 0.8	MTSA4
CHCM34	- 0.78	MTSA4
SSFO34	- 0.77	MTSA4
Z1OM34	- 0.57	MTSA4
VERZ34	- 0.46	MTSA4
R1YA34	- 0.41	MTSA4

Risk-Adjusted Indicators

There is a big difference between Este Stock performing well and Este Lauder 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 Este Lauder'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
MTSA4	1.40	0.34	0.23	1.44	1.25	(2.11)	3.78	(2.99)	8.28
Z1OM34	1.73	(0.27)	0.00	1.40	0.00	0.00	2.81	(3.44)	19.86
VERZ34	1.06	(0.01)	0.02	(0.01)	1.52	(1.07)	2.23	(2.65)	6.97
CHCM34	1.50	(0.02)	0.00	(0.06)	0.00	0.00	2.76	(3.37)	14.83
SSFO34	1.91	(0.14)	0.00	(0.21)	0.00	0.00	4.06	(4.04)	16.34
F1NI34	1.13	(0.23)	0.00	5.50	0.00	0.00	2.72	(3.00)	18.76
R1YA34	0.70	0.05	0.03	(0.19)	1.07	(2.18)	2.82	(1.81)	10.46
COWC34	1.48	0.16	0.08	0.26	2.08	(1.37)	2.29	(3.48)	7.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in Este Lauder 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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Este Lauder Corporate Management

Elected by the shareholders, the Este Lauder's board of directors comprises two types of representatives: Este Lauder inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Este. The board's role is to monitor Este Lauder's management team and ensure that shareholders' interests are well served. Este Lauder'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, Este Lauder's outside directors are responsible for providing unbiased perspectives on the board's policies.

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