| LJQQ3 Stock | | | BRL 2.59 0.20 8.37% |
The current 90-days correlation between Lojas Quero Quero and Pet Center Comrcio is 0.29 (i.e., Modest diversification). The correlation of Lojas Quero 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.
The ability to find closely correlated positions to Lojas Quero could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lojas Quero 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 Lojas Quero - 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 Lojas Quero Quero SA to buy it.
Moving together with Lojas Stock
Moving against Lojas Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Lojas Stock performing well and Lojas Quero 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 Lojas Quero'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 Lojas Quero 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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Lojas Quero Corporate Management
Elected by the shareholders, the Lojas Quero's board of directors comprises two types of representatives: Lojas Quero inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lojas. The board's role is to monitor Lojas Quero's management team and ensure that shareholders' interests are well served. Lojas Quero'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, Lojas Quero's outside directors are responsible for providing unbiased perspectives on the board's policies.