Taurus Armas Correlations
| TASA4 Preferred Stock | BRL 8.14 0.04 0.49% |
The current 90-days correlation between Taurus Armas SA and Petro Rio SA is 0.32 (i.e., Weak diversification). The correlation of Taurus Armas 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.
Taurus Armas Correlation With Market
Average diversification
The correlation between Taurus Armas SA and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taurus Armas SA and DJI in the same portfolio, assuming nothing else is changed.
Taurus |
The ability to find closely correlated positions to Taurus Armas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taurus Armas 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 Taurus Armas - 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 Taurus Armas SA to buy it.
Moving together with Taurus Preferred Stock
| 0.79 | LMTB34 | Lockheed Martin | PairCorr |
| 0.97 | TASA3 | Taurus Armas SA | PairCorr |
| 0.88 | REDE3 | Rede Energia Participaes | PairCorr |
| 0.82 | NORD3 | Nordon Indstrias Met | PairCorr |
Moving against Taurus Preferred Stock
| 0.83 | BOEI34 | Boeing | PairCorr |
| 0.8 | M1CB34 | Molson Coors Beverage | PairCorr |
| 0.79 | AAPL34 | Apple Inc | PairCorr |
| 0.76 | EKTR4 | Elektro Redes SA | PairCorr |
| 0.75 | PETR3 | Petrleo Brasileiro | PairCorr |
| 0.68 | H2TA34 | Healthcare Realty Trust | PairCorr |
| 0.63 | R1KU34 | Roku Inc | PairCorr |
| 0.56 | CEDO3 | Companhia de Fiacao | PairCorr |
| 0.54 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.45 | NOKI34 | Nokia Oyj | PairCorr |
| 0.45 | NVDC34 | NVIDIA | PairCorr |
| 0.42 | RYTT34 | Raytheon Technologies | PairCorr |
| 0.38 | MWET4 | Wetzel SA | PairCorr |
| 0.38 | JBSS3F | JBS ON NM | PairCorr |
Related Correlations Analysis
| 0.16 | -0.24 | -0.34 | -0.02 | PRIO3 | ||
| 0.16 | 0.78 | -0.4 | 0.78 | TASA3 | ||
| -0.24 | 0.78 | -0.08 | 0.9 | MOVI3 | ||
| -0.34 | -0.4 | -0.08 | -0.17 | UNIP6 | ||
| -0.02 | 0.78 | 0.9 | -0.17 | BPAC11 | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Taurus Preferred Stock performing well and Taurus Armas 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 Taurus Armas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRIO3 | 1.33 | (0.07) | 0.00 | 0.33 | 0.00 | 2.39 | 8.23 | |||
| TASA3 | 1.56 | (0.38) | 0.00 | (1.51) | 0.00 | 3.49 | 10.92 | |||
| MOVI3 | 3.31 | (0.59) | 0.00 | (0.60) | 0.00 | 5.99 | 26.97 | |||
| UNIP6 | 1.93 | 0.07 | 0.02 | 0.12 | 2.49 | 3.85 | 15.97 | |||
| BPAC11 | 1.51 | (0.06) | 0.00 | (0.23) | 0.00 | 3.38 | 9.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Taurus Armas 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.Did you try this?
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Taurus Armas Corporate Management
Elected by the shareholders, the Taurus Armas' board of directors comprises two types of representatives: Taurus Armas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taurus. The board's role is to monitor Taurus Armas' management team and ensure that shareholders' interests are well served. Taurus Armas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Taurus Armas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Salesio Nuhs | Director of Sales, Director of Marketing | Profile | |
| Edair Deconto | Chief Auditing Officer, Member of the Executive Board | Profile | |
| Ricardo Machado | Member Board | Profile | |
| Carlos Siqueira | Member of the Board of Directors | Profile | |
| Durval Santos | Member of the Board of Directors | Profile |