A1LK34 Correlations

Stocks Brazil . 
Stock . A1LK34
A1LK34 Stock  BRL 414.40  73.74  21.65%   
The current 90-days correlation between A1LK34 and United Airlines Holdings is 0.01 (i.e., Significant diversification). The correlation of A1LK34 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.

A1LK34 Correlation With Market

Good diversification

The correlation between A1LK34 and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A1LK34 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to A1LK34 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace A1LK34 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 A1LK34 - 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 A1LK34 to buy it.

Moving together with A1LK34 Stock

  0.76DEAI34 Delta Air LinesPairCorr
  0.81U1AL34 United Airlines HoldingsPairCorr
  0.94AALL34 American AirlinesPairCorr
  0.87P2LT34 Palantir TechnologiesPairCorr
  0.9JBSS3 JBS SAPairCorr
  0.82AXPB34 American ExpressPairCorr
  0.62GGBR3 Gerdau SAPairCorr
  0.86MRFG3 Marfrig Global FoodsPairCorr
  0.79CAON34 Capital One FinancialPairCorr
  0.67B1NT34 BIONTECH SE DRNPairCorr
  0.89WALM34 WalmartPairCorr
  0.89TSLA34 Tesla IncPairCorr
  0.86S1MF34 Sumitomo Mitsui FinancialPairCorr
  0.78ACNB34 Accenture plcPairCorr
  0.62BBSE3 BB Seguridade ParticPairCorr
  0.93MSFT34 MicrosoftPairCorr
  0.94A1VY34 A1VY34PairCorr
  0.75CTKA3 Karsten SAPairCorr
  0.83VISA34 Visa IncPairCorr
  0.8HONB34 Honeywell InternationalPairCorr
  0.88SSFO34 salesforce incPairCorr
  0.93AAPL34 Apple IncPairCorr
  0.83TSMC34 Taiwan SemiconductorPairCorr
  0.82M1UF34 Mitsubishi UFJ FinancialPairCorr
  0.93AMZO34 Amazon IncPairCorr
  0.8F1RA34 F1RA34PairCorr

Moving against A1LK34 Stock

  0.85AZUL4 Azul SAPairCorr
  0.63OSXB3 OSX Brasil SAPairCorr

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   
AALL34
+ 0.94
U1AL34
GOLL4
+ 0.78
U1AL34
GOLL4
+ 0.7
AALL34
U1AL34
+ 0.51
S1OU34
AALL34
+ 0.43
S1OU34
GOLL4
+ 0.23
S1OU34
  
High negative correlations   
AZUL4
- 0.84
AALL34
AZUL4
- 0.77
U1AL34
AZUL4
- 0.59
GOLL4
AZUL4
- 0.18
S1OU34

Risk-Adjusted Indicators

There is a big difference between A1LK34 Stock performing well and A1LK34 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 A1LK34'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in A1LK34 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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