Patria Investments Correlations

PAX Stock

USD 11.71 0.13 1.10%

The correlation of Patria Investments 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.

Patria Investments Correlation With Market

Good diversification

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

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patria Investments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Patria Stock please use our How to Invest in Patria Investments guide.

Moving together with Patria Stock

0.74	UPST	Upstart Holdings Buyout Trend	Pair Corr
0.63	AC	Associated Capital	Pair Corr
0.67	BY	Byline Bancorp	Pair Corr

Moving against Patria Stock

0.32	CB	Chubb	Pair Corr
0.41	VBFC	Village Bank	Pair Corr
0.4	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.36	EG	Everest Group	Pair Corr

Related Correlations Analysis

	VKI	VKQ	VCV	BSIG	ARES	TPG	APO	CION	DHIL	MUI
VKI		0.94	0.65	0.0	0.12	-0.15	-0.19	0.73	-0.22	-0.6	VKI
VKQ	0.94		0.68	0.0	0.0	-0.27	-0.34	0.72	-0.28	-0.6	VKQ
VCV	0.65	0.68		0.0	0.12	-0.18	-0.29	0.39	-0.48	-0.17	VCV
BSIG	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BSIG
ARES	0.12	0.0	0.12	0.0		0.89	0.85	-0.25	0.25	0.23	ARES
TPG	-0.15	-0.27	-0.18	0.0	0.89		0.94	-0.41	0.49	0.42	TPG
APO	-0.19	-0.34	-0.29	0.0	0.85	0.94		-0.44	0.59	0.43	APO
CION	0.73	0.72	0.39	0.0	-0.25	-0.41	-0.44		-0.23	-0.54	CION
DHIL	-0.22	-0.28	-0.48	0.0	0.25	0.49	0.59	-0.23		0.4	DHIL
MUI	-0.6	-0.6	-0.17	0.0	0.23	0.42	0.43	-0.54	0.4		MUI
	VKI	VKQ	VCV	BSIG	ARES	TPG	APO	CION	DHIL	MUI

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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

VKQ	+ 0.94	VKI
APO	+ 0.94	TPG
TPG	+ 0.89	ARES
APO	+ 0.85	ARES
CION	+ 0.73	VKI
CION	+ 0.72	VKQ

High negative correlations

MUI	- 0.6	VKQ
MUI	- 0.6	VKI
MUI	- 0.54	CION
DHIL	- 0.48	VCV
CION	- 0.44	APO
CION	- 0.41	TPG

Risk-Adjusted Indicators

There is a big difference between Patria Stock performing well and Patria Investments 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 Patria Investments' 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
VKI	0.54	(0.04)	0.00	(0.33)	0.00	0.00	1.18	(1.03)	2.92
VKQ	0.49	(0.04)	0.00	(0.27)	0.00	0.00	1.04	(1.24)	3.24
VCV	0.56	0.03	0.12	0.17	0.73	(0.59)	1.52	(1.18)	4.27
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARES	1.83	(0.16)	0.00	(0.17)	0.00	0.00	2.70	(5.11)	11.83
TPG	1.92	(0.50)	0.00	1.33	0.00	0.00	3.04	(4.92)	10.89
APO	1.79	(0.18)	0.00	(0.20)	0.00	0.00	3.45	(4.09)	8.29
CION	1.02	(0.11)	0.00	0.23	0.00	0.00	1.67	(2.08)	7.53
DHIL	0.88	(0.09)	0.00	(0.20)	0.00	0.00	1.52	(2.53)	5.26
MUI	0.46	(0.02)	0.00	(0.24)	0.00	0.00	0.73	(1.40)	3.95

Patria Investments Corporate Management

Fernando Tisne	Managing Income	Profile
Otavio Neto	Managing Director	Profile
Jose Teixeira	Partner Products	Profile
Felipe Pinto	Managing Brazil	Profile
Alfonso Duval	Partner Region	Profile
Paulo Cirulli	Chief Officer	Profile
Andre Sales	Managing Infrastructure	Profile

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