Xp Properties Correlations

XPPR11 Fund  BRL 14.15  0.10  0.71%   
The current 90-days correlation between Xp Properties Fundo and BTG Pactual Logstica is -0.02 (i.e., Good diversification). The correlation of Xp Properties 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.

Xp Properties Correlation With Market

Average diversification

The correlation between Xp Properties Fundo and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xp Properties Fundo and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Xp Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xp Properties 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 Xp Properties - 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 Xp Properties Fundo 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   
SUZB3C1AB34
SUZB3E1RI34
BUSR39C1AB34
BUSR39B1TI34
B1TI34C1AB34
BUSR39SUZB3
  
High negative correlations   
BVAR11HBTS5
SUZB3BTLG11
E1RI34BTLG11
E1RI34HBTS5
C1AB34BTLG11
B1TI34PLPL3

Risk-Adjusted Indicators

There is a big difference between XPPR11 Fund performing well and Xp Properties 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 Xp Properties' 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
BTLG11  0.77 (0.16) 0.00  2.13  0.00 
 1.20 
 8.00 
PLPL3  1.91 (0.23) 0.00 (0.56) 0.00 
 3.33 
 13.45 
HBTS5  1.85 (0.34) 0.00  0.47  0.00 
 6.83 
 20.48 
BVAR11  0.39  0.06  0.00  0.53  0.00 
 0.28 
 10.26 
E1RI34  1.28  0.35  0.18  166.36  0.73 
 3.62 
 16.05 
C1AB34  1.42  0.34  0.06 (0.55) 2.01 
 4.00 
 13.73 
BEWZ39  1.04  0.05 (0.02) 0.51  1.56 
 2.06 
 8.74 
B1TI34  0.97  0.06 (0.02) 0.93  1.16 
 2.42 
 4.94 
SUZB3  1.05  0.22  0.08 (0.59) 0.99 
 2.63 
 7.05 
BUSR39  0.92  0.04 (0.02) 0.22  1.12 
 2.65 
 7.10 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Xp Properties 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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