Companhiade Eletricidade Correlations

Preferred Stocks . Brazil . 
Preferred Stock . Companhiade Eletricidade do
CEEB5 Preferred Stock  BRL 35.70  0.00  0.00%   
The current 90-days correlation between Companhiade Eletricidade and MAHLE Metal Leve is -0.01 (i.e., Good diversification). The correlation of Companhiade Eletricidade 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.

Companhiade Eletricidade Correlation With Market

Significant diversification

The correlation between Companhiade Eletricidade do and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Companhiade Eletricidade do and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Companhiade Eletricidade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhiade Eletricidade 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 Companhiade Eletricidade - 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 Companhiade Eletricidade do to buy it.

Moving against Companhiade Preferred Stock

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  0.5HOME34 Home DepotPairCorr
  0.37CEBR6 Companhia EnergticaPairCorr

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   
USSX34
+ 0.83
TSMC34
USSX34
+ 0.77
Z1OM34
Z1OM34
+ 0.75
TSMC34
U2ST34
+ 0.68
Z1OM34
U2ST34
+ 0.67
TSMC34
GOAU4
+ 0.67
Z1OM34
  
High negative correlations   
LEVE3
- 0.86
Z1OM34
U2ST34
- 0.68
LEVE3
GOAU4
- 0.67
LEVE3
LEVE3
- 0.6
TSMC34
USSX34
- 0.53
LEVE3
N1XP34
- 0.21
LEVE3

Risk-Adjusted Indicators

There is a big difference between Companhiade Preferred Stock performing well and Companhiade Eletricidade 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 Companhiade Eletricidade'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 Companhiade Eletricidade 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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Companhiade Eletricidade Corporate Management

Elected by the shareholders, the Companhiade Eletricidade's board of directors comprises two types of representatives: Companhiade Eletricidade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Companhiade. The board's role is to monitor Companhiade Eletricidade's management team and ensure that shareholders' interests are well served. Companhiade Eletricidade'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, Companhiade Eletricidade's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruno CoelhoDirector BoardProfile
Juliano SouzaPlanning BoardProfile
Luiz CiarliniCEO BoardProfile
Alex SilvaInvestor CFOProfile
Jos TanureChief BoardProfile
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