Fundo De Correlations

MAXR11 Fund

BRL 66.00 4.61 7.51%

The current 90-days correlation between Fundo De Investimentos and BTG Pactual Logstica is -0.01 (i.e., Good diversification). The correlation of Fundo De 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.

Fundo De Correlation With Market

Significant diversification

The correlation between Fundo De Investimentos and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundo De Investimentos and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	BTLG11	PLPL3	S1YM34	C1AB34	ATMP3	B1TI34	BUSR39	BIYE39	WUNI34	COPH34
BTLG11		0.73	-0.62	-0.68	0.78	-0.81	-0.69	-0.56	-0.32	-0.2	BTLG11
PLPL3	0.73		-0.48	-0.5	0.6	-0.7	-0.29	-0.24	-0.52	0.02	PLPL3
S1YM34	-0.62	-0.48		0.91	-0.77	0.71	0.67	0.82	-0.25	0.68	S1YM34
C1AB34	-0.68	-0.5	0.91		-0.78	0.76	0.8	0.88	-0.1	0.6	C1AB34
ATMP3	0.78	0.6	-0.77	-0.78		-0.69	-0.68	-0.69	-0.07	-0.4	ATMP3
B1TI34	-0.81	-0.7	0.71	0.76	-0.69		0.79	0.58	0.2	0.27	B1TI34
BUSR39	-0.69	-0.29	0.67	0.8	-0.68	0.79		0.76	-0.04	0.4	BUSR39
BIYE39	-0.56	-0.24	0.82	0.88	-0.69	0.58	0.76		-0.28	0.78	BIYE39
WUNI34	-0.32	-0.52	-0.25	-0.1	-0.07	0.2	-0.04	-0.28		-0.58	WUNI34
COPH34	-0.2	0.02	0.68	0.6	-0.4	0.27	0.4	0.78	-0.58		COPH34
	BTLG11	PLPL3	S1YM34	C1AB34	ATMP3	B1TI34	BUSR39	BIYE39	WUNI34	COPH34

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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

C1AB34	+ 0.91	S1YM34
BIYE39	+ 0.88	C1AB34
BIYE39	+ 0.82	S1YM34
BUSR39	+ 0.8	C1AB34
BUSR39	+ 0.79	B1TI34
ATMP3	+ 0.78	BTLG11

High negative correlations

B1TI34	- 0.81	BTLG11
ATMP3	- 0.78	C1AB34
ATMP3	- 0.77	S1YM34
B1TI34	- 0.7	PLPL3
BIYE39	- 0.69	ATMP3
B1TI34	- 0.69	ATMP3

Risk-Adjusted Indicators

There is a big difference between Fundo Fund performing well and Fundo De Fund 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 Fundo De'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
BTLG11	0.91	(0.06)	0.00	2.01	0.00	0.00	1.51	(2.15)	8.00
PLPL3	1.99	(0.38)	0.00	(0.61)	0.00	0.00	3.24	(4.22)	13.45
S1YM34	0.92	0.48	0.00	(0.85)	0.00	0.00	0.52	0.00	28.38
C1AB34	1.36	0.36	0.10	(0.86)	1.89	(1.71)	4.00	(4.48)	13.73
ATMP3	2.60	(0.56)	0.00	(6.09)	0.00	0.00	4.86	(5.73)	16.22
B1TI34	1.08	0.14	0.08	(0.41)	1.26	(1.20)	2.66	(2.16)	8.08
BUSR39	0.99	0.03	0.01	0.11	1.52	(1.01)	2.46	(2.50)	8.84
BIYE39	0.97	0.11	0.07	1.41	0.99	(1.18)	2.97	(2.05)	6.60
WUNI34	0.89	0.05	0.01	0.35	1.29	(1.45)	1.47	(2.75)	9.55
COPH34	1.41	(0.01)	0.00	0.08	0.00	0.00	3.56	(3.89)	12.68

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