HAGA SA Correlations

HAGA4 Preferred Stock  BRL 1.15  0.03  2.54%   
The current 90-days correlation between HAGA SA Indstria and Lupatech SA is 0.21 (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

HAGADowDiversified AwayHAGADowDiversified Away100%

Modest diversification

The correlation between HAGA SA Indstria and DJI is 0.23 (i.e., Modest 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

  0.66GSHP3 General Shopping ePairCorr
  0.66BRKM5 Braskem SAPairCorr
  0.74BRKM3 Braskem SAPairCorr

Moving against HAGA Preferred Stock

  0.83D1RI34 Darden Restaurants,PairCorr
  0.66P2LN34 Planet FitnessPairCorr
  0.61K1LA34 KLA CorporationPairCorr
  0.61VISA34 Visa IncPairCorr
  0.55ABBV34 AbbVie IncPairCorr
  0.54GOGL35 AlphabetPairCorr
  0.49CAON34 Capital One FinancialPairCorr
  0.47AALL34 American AirlinesPairCorr
  0.47QCOM34 QualcommPairCorr
  0.37PETR3 Petrleo BrasileiroPairCorr
  0.32T1AL34 TAL Education GroupPairCorr
  0.83CASN3 CASAN CompanhiaPairCorr
  0.81KRSA3 Kora Saude ParticipacoesPairCorr
  0.72H1SB34 HSBC Holdings plcPairCorr
  0.72AVGO34 BroadcomPairCorr
  0.7A1SN34 Ascendis Pharma ASPairCorr
  0.69C1HK34 Check Point SoftwarePairCorr
  0.65B1BW34 Bath Body WorksPairCorr
  0.49AMZO34 Amazon IncPairCorr
  0.47A2SO34 Academy SportsPairCorr
  0.43WALM34 WalmartPairCorr
  0.42P2LT34 Palantir TechnologiesPairCorr
  0.37NFLX34 NetflixPairCorr

Related Correlations Analysis

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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.

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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