Fertilizantes Heringer Correlations
| FHER3 Stock | BRL 3.85 0.05 1.28% |
The current 90-days correlation between Fertilizantes Heringer and Metalfrio Solutions SA is 0.02 (i.e., Significant diversification). The correlation of Fertilizantes Heringer 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.
Fertilizantes Heringer Correlation With Market
Weak diversification
The correlation between Fertilizantes Heringer SA and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fertilizantes Heringer SA and DJI in the same portfolio, assuming nothing else is changed.
Fertilizantes |
The ability to find closely correlated positions to Fertilizantes Heringer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fertilizantes Heringer 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 Fertilizantes Heringer - 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 Fertilizantes Heringer SA to buy it.
Moving together with Fertilizantes Stock
| 0.64 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.76 | JPMC34 | JPMorgan Chase | PairCorr |
| 0.74 | GSGI34 | Goldman Sachs | PairCorr |
| 0.75 | CTGP34 | Citigroup | PairCorr |
| 0.68 | BOAC34 | Bank of America | PairCorr |
| 0.81 | MSBR34 | Morgan Stanley | PairCorr |
Moving against Fertilizantes Stock
| 0.73 | BERK34 | Berkshire Hathaway | PairCorr |
| 0.67 | H1SB34 | HSBC Holdings plc | PairCorr |
| 0.61 | DBAG34 | Deutsche Bank Aktien | PairCorr |
| 0.34 | H1DB34 | HDFC Bank Limited | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fertilizantes Stock performing well and Fertilizantes Heringer 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 Fertilizantes Heringer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| P2ST34 | 2.03 | (0.49) | 0.00 | (1.04) | 0.00 | 3.24 | 19.28 | |||
| RSUL4 | 0.90 | 0.48 | 0.44 | 7.86 | 0.00 | 2.97 | 9.27 | |||
| FRIO3 | 3.05 | 0.95 | 0.19 | (0.69) | 2.56 | 9.18 | 45.79 | |||
| G2DI33 | 1.55 | (0.12) | 0.00 | (0.16) | 0.00 | 2.89 | 8.85 | |||
| E1XR34 | 0.90 | (0.23) | 0.00 | 1.59 | 0.00 | 1.74 | 13.55 | |||
| BOTZ39 | 1.39 | (0.24) | 0.00 | (0.44) | 0.00 | 2.57 | 8.13 | |||
| CLOV34 | 2.96 | 0.15 | 0.04 | 0.08 | 3.30 | 5.85 | 18.32 | |||
| O2NS34 | 2.16 | (0.60) | 0.00 | (3.85) | 0.00 | 4.87 | 19.88 |
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Our tools can tell you how much better you can do entering a position in Fertilizantes Heringer 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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Fertilizantes Heringer Corporate Management
Elected by the shareholders, the Fertilizantes Heringer's board of directors comprises two types of representatives: Fertilizantes Heringer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fertilizantes. The board's role is to monitor Fertilizantes Heringer's management team and ensure that shareholders' interests are well served. Fertilizantes Heringer'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, Fertilizantes Heringer's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Laura Carvalho | Legal Mang | Profile | |
| Lieven Cooreman | VP CEO | Profile | |
| Jos Rodrigues | HR Mang | Profile | |
| Julio Gubitosi | Investor CFO | Profile | |
| Ricardo Garcia | Head Controller | Profile | |
| Alfredo Fardin | Commercial Officer, Member of Executive Board and Member of Hedge Policy Committee | Profile |