Cemepe Investimentos Correlations

MAPT4 Preferred Stock

BRL 4.30 0.05 1.18%

The correlation of Cemepe Investimentos 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.

Cemepe Investimentos Correlation With Market

Significant diversification

The correlation between Cemepe Investimentos SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemepe Investimentos SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cemepe Preferred Stock

0.69

LFTT11

Loft II Fundo

Pair Corr

Moving against Cemepe Preferred Stock

0.75	ENEV3	Eneva SA	Pair Corr
0.63	BOVA11	iShares Ibovespa Index	Pair Corr
0.5	SHUL4	Schulz SA	Pair Corr
0.47	RPMG3	Refinaria de Petrleos	Pair Corr

Related Correlations Analysis

	O2NS34	F2IC34	ADPR34	A1IV34	R1YA34	A1LK34	ROST34
O2NS34		0.9	0.26	-0.56	0.46	-0.79	0.71	O2NS34
F2IC34	0.9		0.34	-0.59	0.51	-0.86	0.74	F2IC34
ADPR34	0.26	0.34		-0.09	0.65	-0.13	0.26	ADPR34
A1IV34	-0.56	-0.59	-0.09		-0.36	0.61	-0.21	A1IV34
R1YA34	0.46	0.51	0.65	-0.36		-0.25	0.39	R1YA34
A1LK34	-0.79	-0.86	-0.13	0.61	-0.25		-0.46	A1LK34
ROST34	0.71	0.74	0.26	-0.21	0.39	-0.46		ROST34
	O2NS34	F2IC34	ADPR34	A1IV34	R1YA34	A1LK34	ROST34

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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

F2IC34	+ 0.9	O2NS34
ROST34	+ 0.74	F2IC34
ROST34	+ 0.71	O2NS34
R1YA34	+ 0.65	ADPR34
A1LK34	+ 0.61	A1IV34
R1YA34	+ 0.51	F2IC34

High negative correlations

A1LK34	- 0.86	F2IC34
A1LK34	- 0.79	O2NS34
A1IV34	- 0.59	F2IC34
A1IV34	- 0.56	O2NS34
ROST34	- 0.46	A1LK34
R1YA34	- 0.36	A1IV34

Risk-Adjusted Indicators

There is a big difference between Cemepe Preferred Stock performing well and Cemepe Investimentos 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 Cemepe Investimentos' 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
O2NS34	2.09	(0.51)	0.00	0.42	0.00	0.00	4.87	(6.38)	18.00
F2IC34	1.48	(0.32)	0.00	(1.74)	0.00	0.00	3.57	(3.32)	10.84
ADPR34	0.69	0.06	0.06	0.13	0.85	(1.10)	1.92	(1.71)	7.61
A1IV34	2.20	0.22	0.07	(0.40)	2.57	(3.69)	6.68	(4.63)	26.68
R1YA34	0.70	0.05	0.03	(0.19)	1.07	(2.18)	2.82	(1.81)	10.46
A1LK34	2.01	0.81	0.44	(2.28)	0.66	(3.08)	4.04	(2.65)	28.19
ROST34	0.74	0.00	0.00	(0.04)	0.00	0.00	2.51	(1.88)	14.69

Be your own money manager

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