I1VZ34 Correlations

I1VZ34 Stock

BRL 107.91 0.77 0.71%

The current 90-days correlation between I1VZ34 and Healthpeak Properties is 0.05 (i.e., Significant diversification). The correlation of I1VZ34 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.

I1VZ34 Correlation With Market

Good diversification

The correlation between I1VZ34 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 I1VZ34 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to I1VZ34 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace I1VZ34 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 I1VZ34 - 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 I1VZ34 to buy it.

Moving together with I1VZ34 Stock

0.92	BLAK34	BlackRock	Pair Corr
0.89	BONY34	The Bank	Pair Corr
0.86	A1MP34	Ameriprise Financial	Pair Corr
0.63	TMCO34	Toyota Motor	Pair Corr
0.78	SNEC34	Sony Group Split	Pair Corr
0.82	TSMC34	Taiwan Semiconductor	Pair Corr
0.82	AAPL34	Apple Inc	Pair Corr
0.72	CTKA3	Karsten SA	Pair Corr
0.82	MRFG3	Marfrig Global Foods	Pair Corr
0.81	MSFT34	Microsoft	Pair Corr
0.85	COWC34	Costco Wholesale	Pair Corr
0.7	F1RA34	F1RA34	Pair Corr
0.89	SSFO34	salesforce inc	Pair Corr
0.79	TSLA34	Tesla Inc	Pair Corr
0.87	A1TM34	A1TM34	Pair Corr
0.88	WALM34	Walmart	Pair Corr
0.87	AMZO34	Amazon Inc	Pair Corr
0.75	PSSA3	Porto Seguro SA	Pair Corr
0.87	VISA34	Visa Inc	Pair Corr
0.85	CAON34	Capital One Financial	Pair Corr
0.77	GGBR3	Gerdau SA	Pair Corr
0.84	AIRB34	Airbnb Inc	Pair Corr
0.81	ACNB34	Accenture plc	Pair Corr
0.7	A1VY34	A1VY34	Pair Corr

Moving against I1VZ34 Stock

0.79	HSML11	Hsi Malls Fundo	Pair Corr
0.77	ITUB3	Ita Unibanco Holding	Pair Corr
0.68	BPAC5	Banco BTG Pactual	Pair Corr
0.68	HOND34	Honda Motor	Pair Corr
0.42	BPAC3	Banco BTG Pactual	Pair Corr
0.4	BRAP3	Bradespar SA	Pair Corr
0.38	ITUB4	Ita Unibanco Holding	Pair Corr
0.37	BRAP4	Bradespar SA	Pair Corr
0.32	BABA34	Alibaba Group Holding	Pair Corr

Related Correlations Analysis

	T2DH34	T1MU34	GOAU4	BMOB3	P1EA34	I1RM34	UNHH34
T2DH34		0.87	0.69	0.11	0.65	0.44	0.56	T2DH34
T1MU34	0.87		0.6	0.29	0.84	0.6	0.57	T1MU34
GOAU4	0.69	0.6		-0.1	0.47	0.11	0.41	GOAU4
BMOB3	0.11	0.29	-0.1		0.44	0.69	-0.01	BMOB3
P1EA34	0.65	0.84	0.47	0.44		0.66	0.42	P1EA34
I1RM34	0.44	0.6	0.11	0.69	0.66		0.37	I1RM34
UNHH34	0.56	0.57	0.41	-0.01	0.42	0.37		UNHH34
	T2DH34	T1MU34	GOAU4	BMOB3	P1EA34	I1RM34	UNHH34

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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

T1MU34	+ 0.87	T2DH34
P1EA34	+ 0.84	T1MU34
GOAU4	+ 0.69	T2DH34
I1RM34	+ 0.69	BMOB3
I1RM34	+ 0.66	P1EA34
P1EA34	+ 0.65	T2DH34

High negative correlations

BMOB3	- 0.1	GOAU4
UNHH34	- 0.01	BMOB3

Risk-Adjusted Indicators

There is a big difference between I1VZ34 Stock performing well and I1VZ34 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 I1VZ34'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
T2DH34	3.43	0.41	0.10	(2.00)	3.36	(4.32)	10.53	(5.81)	23.23
T1MU34	1.07	0.34	0.14	0.75	1.48	(1.11)	2.58	(1.66)	9.58
GOAU4	1.35	0.06	0.00	(0.22)	1.87	(1.37)	2.94	(3.72)	14.19
BMOB3	1.71	0.04	(0.01)	(0.01)	2.43	(1.78)	3.09	(3.57)	15.66
P1EA34	0.55	0.04	0.00	3.28	0.00	0.00	2.08	(1.09)	13.38
I1RM34	1.26	0.04	(0.01)	(0.04)	2.69	(1.06)	2.89	(3.35)	12.29
UNHH34	1.78	(0.01)	(0.01)	0.03	3.00	(1.54)	2.83	(5.11)	11.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in I1VZ34 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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