HAGA SA Correlations

HAGA4 Preferred Stock

BRL 1.23 0.02 1.60%

The current 90-days correlation between HAGA SA Indstria and METISA Metalrgica Timboense is 0.25 (i.e., Modest diversification). The correlation of HAGA SA 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.

HAGA SA Correlation With Market

Good diversification

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

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

Moving together with HAGA Preferred Stock

0.76	N1OW34	ServiceNow	Pair Corr
0.92	F1NI34	Fidelity National	Pair Corr
0.76	NFLX34	Netflix	Pair Corr

Moving against HAGA Preferred Stock

0.74	IFCM3	Infracommerce CXaaS	Pair Corr
0.66	HBTS5	Companhia Habitasul	Pair Corr
0.64	STBP3	Santos Brasil Participaes	Pair Corr
0.63	SEQL3	Sequoia Logstica e	Pair Corr

Related Correlations Analysis

	MTSA4	RAPT3	VTLT11	FRAS3	W1DC34	CLIN11	BTLG11	CPLE5
MTSA4		-0.64	0.89	-0.56	-0.63	0.45	0.87	0.36	MTSA4
RAPT3	-0.64		-0.61	0.7	0.48	-0.08	-0.59	-0.34	RAPT3
VTLT11	0.89	-0.61		-0.44	-0.54	0.55	0.83	0.24	VTLT11
FRAS3	-0.56	0.7	-0.44		0.16	-0.1	-0.59	-0.2	FRAS3
W1DC34	-0.63	0.48	-0.54	0.16		-0.06	-0.44	-0.37	W1DC34
CLIN11	0.45	-0.08	0.55	-0.1	-0.06		0.6	0.03	CLIN11
BTLG11	0.87	-0.59	0.83	-0.59	-0.44	0.6		0.21	BTLG11
CPLE5	0.36	-0.34	0.24	-0.2	-0.37	0.03	0.21		CPLE5
	MTSA4	RAPT3	VTLT11	FRAS3	W1DC34	CLIN11	BTLG11	CPLE5

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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

VTLT11	+ 0.89	MTSA4
BTLG11	+ 0.87	MTSA4
BTLG11	+ 0.83	VTLT11
FRAS3	+ 0.7	RAPT3
BTLG11	+ 0.6	CLIN11
CLIN11	+ 0.55	VTLT11

High negative correlations

RAPT3	- 0.64	MTSA4
W1DC34	- 0.63	MTSA4
VTLT11	- 0.61	RAPT3
BTLG11	- 0.59	FRAS3
BTLG11	- 0.59	RAPT3
FRAS3	- 0.56	MTSA4

Risk-Adjusted Indicators

There is a big difference between HAGA Preferred Stock performing well and HAGA 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 HAGA 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
MTSA4	1.80	(0.26)	0.00	0.60	0.00	0.00	4.08	(3.73)	9.25
RAPT3	1.27	0.00	(0.06)	(0.18)	1.70	(1.28)	2.39	(2.66)	10.20
VTLT11	0.50	(0.09)	0.00	(1.04)	0.00	0.00	0.90	(1.25)	3.45
FRAS3	1.04	0.04	(0.04)	0.38	1.35	(1.11)	2.61	(2.72)	6.85
W1DC34	0.33	0.12	0.00	(0.39)	0.00	0.00	0.00	0.00	9.38
CLIN11	0.70	(0.08)	0.00	(2.22)	0.00	0.00	1.01	(1.70)	4.19
BTLG11	0.54	(0.14)	0.00	3.28	0.00	0.00	0.98	(1.33)	4.73
CPLE5	2.25	(0.02)	0.00	0.17	0.00	0.00	4.55	(8.33)	32.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in HAGA SA 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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