EZTEC Empreendimentos Correlations

EZTC3 Stock  BRL 12.65  0.43  3.52%   
The current 90-days correlation between EZTEC Empreendimentos and MRV Engenharia e is 0.78 (i.e., Poor diversification). The correlation of EZTEC Empreendimentos 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.

EZTEC Empreendimentos Correlation With Market

EZTECDowDiversified AwayEZTECDowDiversified Away100%

Average diversification

The correlation between EZTEC Empreendimentos e and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EZTEC Empreendimentos e and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to EZTEC Empreendimentos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZTEC Empreendimentos 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 EZTEC Empreendimentos - 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 EZTEC Empreendimentos e to buy it.

Moving together with EZTEC Stock

  0.61N1UE34 NucorPairCorr
  0.67ARMT34 ArcelorMittal SAPairCorr

Moving against EZTEC Stock

  0.84LMTB34 Lockheed MartinPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between EZTEC Stock performing well and EZTEC Empreendimentos 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 EZTEC Empreendimentos' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in EZTEC Empreendimentos 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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EZTEC Empreendimentos Corporate Management

Elected by the shareholders, the EZTEC Empreendimentos' board of directors comprises two types of representatives: EZTEC Empreendimentos inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EZTEC. The board's role is to monitor EZTEC Empreendimentos' management team and ensure that shareholders' interests are well served. EZTEC Empreendimentos' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, EZTEC Empreendimentos' outside directors are responsible for providing unbiased perspectives on the board's policies.
Marcos ZarzurChief Commercial Officer, Member of the Executive BoardProfile
Marcio TayarChief OfficerProfile
Antnio FugazzaCFO OfficerProfile
Mauro AlbertoChief Administrative Officer, Member of the Executive BoardProfile
Carlos MonteiroPlanning Officer, Member of the Executive BoardProfile
Hugo SoaresIR CoordinatorProfile