Domo Fundo Correlations

RMAI11 Fund  BRL 68.79  1.17  1.67%   
The current 90-days correlation between Domo Fundo de and BTG Pactual Logstica is -0.01 (i.e., Good diversification). The correlation of Domo Fundo 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.

Domo Fundo Correlation With Market

Good diversification

The correlation between Domo Fundo de and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domo Fundo de and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Domo Fundo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Domo Fundo 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 Domo Fundo - 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 Domo Fundo de to buy it.

Related Correlations Analysis

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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   
KORE11NCHB11
HGPO11BVAR11
BTLG11HGPO11
BTLG11LIFE11
BTLG11NCHB11
HGPO11NCHB11
  
High negative correlations   
BVAR11RMAI11
HGPO11RMAI11
NCHB11RMAI11
KORE11RMAI11
BTLG11RMAI11
NCRI11RMAI11

Risk-Adjusted Indicators

There is a big difference between Domo Fund performing well and Domo Fundo 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 Domo Fundo'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RMAI11  1.11 (0.07) 0.00  0.85  0.00 
 2.97 
 18.12 
BVAR11  0.06  0.02  0.00  2.55  0.00 
 0.39 
 0.60 
SPMO11  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
NCHB11  1.06  0.12  0.16 (0.66) 1.14 
 2.48 
 7.13 
NCRI11  2.33 (0.01) 0.03 (0.06) 2.88 
 5.27 
 12.07 
LIFE11  1.93  0.16  0.09 (2.08) 2.29 
 3.76 
 17.99 
HGPO11  0.76  0.15  0.23  0.63  0.70 
 1.84 
 4.83 
KORE11  1.18  0.22  0.26 (0.81) 1.02 
 2.46 
 8.96 
BTLG11  0.66  0.12  0.19  0.99  0.72 
 1.51 
 8.02 

Be your own money manager

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