Pettenati Correlations
| PTNT4 Preferred Stock | BRL 5.70 0.24 4.04% |
The correlation of Pettenati 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.
Pettenati Correlation With Market
Good diversification
The correlation between Pettenati SA Industria and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pettenati SA Industria and DJI in the same portfolio, assuming nothing else is changed.
Pettenati |
The ability to find closely correlated positions to Pettenati could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pettenati 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 Pettenati - 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 Pettenati SA Industria to buy it.
Moving against Pettenati Preferred Stock
| 0.69 | ACNB34 | Accenture plc | PairCorr |
| 0.68 | AAPL34 | Apple Inc | PairCorr |
| 0.64 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.61 | A1VY34 | A1VY34 | PairCorr |
| 0.59 | JDCO34 | JD Inc | PairCorr |
| 0.57 | MSFT34 | Microsoft | PairCorr |
| 0.54 | B1SA34 | Banco Santander Chile | PairCorr |
| 0.53 | SNEC34 | Sony Group Split | PairCorr |
| 0.53 | WALM34 | Walmart | PairCorr |
| 0.52 | FHER3 | Fertilizantes Heringer | PairCorr |
| 0.49 | AMZO34 | Amazon Inc | PairCorr |
| 0.45 | TMCO34 | Toyota Motor | PairCorr |
| 0.45 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.45 | COWC34 | Costco Wholesale | PairCorr |
| 0.45 | WEGE3 | WEG SA | PairCorr |
| 0.44 | HONB34 | Honeywell International | PairCorr |
| 0.43 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.43 | TSLA34 | Tesla Inc | PairCorr |
| 0.41 | CAON34 | Capital One Financial | PairCorr |
| 0.4 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.39 | VISA34 | Visa Inc | PairCorr |
| 0.34 | MSBR34 | Morgan Stanley | PairCorr |
| 0.32 | NMRH34 | Nomura Holdings | PairCorr |
| 0.31 | PSSA3 | Porto Seguro SA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pettenati Preferred Stock performing well and Pettenati 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 Pettenati'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CGAS5 | 1.36 | (0.01) | 0.00 | 0.07 | 0.00 | 2.78 | 8.44 | |||
| SGPS3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CTNM3 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| POMO4 | 1.77 | (0.09) | 0.00 | (0.15) | 0.00 | 3.50 | 13.21 | |||
| INEP4 | 2.86 | (0.53) | 0.00 | (0.51) | 0.00 | 8.24 | 21.03 |
Be your own money manager
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Pettenati Corporate Management
Elected by the shareholders, the Pettenati's board of directors comprises two types of representatives: Pettenati inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pettenati. The board's role is to monitor Pettenati's management team and ensure that shareholders' interests are well served. Pettenati'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, Pettenati's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Carla Pettenati | Commercial Officer, Member of the Executive Board | Profile | |
| Carlos Scussiato | Planning, Logistics and Information Technology Officer, Member of the Executive Board | Profile | |
| Fernanda Pettenati | Marketing Officer, Member of the Executive Board | Profile | |
| Claudio Rossi | Chief Administrative Officer, Member of the Executive Board | Profile |