Fica Empreendimentos Correlations

FIEI3 Stock

9.00 0.15 1.69%

The current 90-days correlation between Fica Empreendimentos and salesforce inc is -0.05 (i.e., Good diversification). The correlation of Fica 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.

Fica Empreendimentos Correlation With Market

Good diversification

The correlation between Fica Empreendimentos Imobiliar and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fica Empreendimentos Imobiliar and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fica 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 Fica 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 Fica 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 Fica Empreendimentos Imobiliarios to buy it.

Moving together with Fica Stock

0.65	TSMC34	Taiwan Semiconductor	Pair Corr
0.7	MSFT34	Microsoft	Pair Corr
0.66	GOGL35	Alphabet	Pair Corr
0.66	GOGL34	Alphabet	Pair Corr

Moving against Fica Stock

0.81	B1SA34	Banco Santander Chile	Pair Corr
0.74	BABA34	Alibaba Group Holding	Pair Corr
0.6	H1SB34	HSBC Holdings plc	Pair Corr
0.31	BERK34	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	SSFO34	MTSA4	M1NS34	B1TI34	U2NF34	W1AB34	DEAI34
SSFO34		-0.79	-0.41	-0.39	0.41	0.85	0.87	SSFO34
MTSA4	-0.79		0.07	0.41	0.02	-0.75	-0.65	MTSA4
M1NS34	-0.41	0.07		0.0	-0.58	-0.52	-0.65	M1NS34
B1TI34	-0.39	0.41	0.0		-0.33	-0.19	-0.39	B1TI34
U2NF34	0.41	0.02	-0.58	-0.33		0.21	0.6	U2NF34
W1AB34	0.85	-0.75	-0.52	-0.19	0.21		0.82	W1AB34
DEAI34	0.87	-0.65	-0.65	-0.39	0.6	0.82		DEAI34
	SSFO34	MTSA4	M1NS34	B1TI34	U2NF34	W1AB34	DEAI34

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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

DEAI34	+ 0.87	SSFO34
W1AB34	+ 0.85	SSFO34
DEAI34	+ 0.82	W1AB34
DEAI34	+ 0.6	U2NF34
U2NF34	+ 0.41	SSFO34
B1TI34	+ 0.41	MTSA4

High negative correlations

MTSA4	- 0.79	SSFO34
W1AB34	- 0.75	MTSA4
DEAI34	- 0.65	M1NS34
DEAI34	- 0.65	MTSA4
U2NF34	- 0.58	M1NS34
W1AB34	- 0.52	M1NS34

Risk-Adjusted Indicators

There is a big difference between Fica Stock performing well and Fica 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 Fica 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSFO34	1.75	(0.36)	0.00	(0.45)	0.00	0.00	3.51	(3.94)	10.13
MTSA4	1.20	0.36	0.41	(4.37)	0.74	(1.95)	2.62	(1.75)	8.28
M1NS34	1.44	0.08	0.08	(0.33)	1.63	(1.63)	3.57	(2.79)	7.79
B1TI34	1.43	0.05	0.04	(0.14)	3.10	(1.33)	3.53	(2.87)	18.53
U2NF34	2.32	(0.08)	0.00	(0.44)	0.00	0.00	5.47	(4.57)	21.79
W1AB34	1.11	(0.14)	0.00	(0.42)	0.00	0.00	2.23	(3.09)	11.26
DEAI34	1.70	(0.45)	0.00	(4.47)	0.00	0.00	2.37	(4.45)	23.18

Fica Empreendimentos Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fica Empreendimentos stock to make a market-neutral strategy. Peer analysis of Fica Empreendimentos could also be used in its relative valuation, which is a method of valuing Fica Empreendimentos by comparing valuation metrics with similar companies.

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