Eneva SA Correlations
| ENEV3 Stock | BRL 11.55 0.06 0.52% |
The current 90-days correlation between Eneva SA and BB Seguridade Participacoes is 0.15 (i.e., Average diversification). The correlation of Eneva SA 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.
Eneva SA Correlation With Market
Good diversification
The correlation between Eneva SA and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eneva SA and DJI in the same portfolio, assuming nothing else is changed.
Eneva |
The ability to find closely correlated positions to Eneva SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eneva SA 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 Eneva SA - 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 Eneva SA to buy it.
Moving together with Eneva Stock
Moving against Eneva Stock
| 0.9 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.89 | NMRH34 | Nomura Holdings | PairCorr |
| 0.86 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.72 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.69 | SNEC34 | Sony Group Split | PairCorr |
| 0.46 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.38 | TMCO34 | Toyota Motor | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Eneva Stock performing well and Eneva SA 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 Eneva SA'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBSE3 | 0.63 | (0.14) | 0.00 | (2.03) | 0.00 | 1.36 | 4.10 | |||
| EGIE3 | 0.79 | (0.26) | 0.00 | (1.51) | 0.00 | 1.20 | 5.23 | |||
| TRPL4 | 0.68 | (0.06) | 0.00 | (0.43) | 0.00 | 1.85 | 7.76 | |||
| ITSA4 | 0.84 | (0.23) | 0.00 | (0.73) | 0.00 | 1.57 | 7.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eneva SA 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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Eneva SA Corporate Management
Elected by the shareholders, the Eneva SA's board of directors comprises two types of representatives: Eneva SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eneva. The board's role is to monitor Eneva SA's management team and ensure that shareholders' interests are well served. Eneva SA'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, Eneva SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lino Cancado | Executive Officer | Profile | |
| Marcelo Lopes | Commercialization Marketing | Profile | |
| Thiago Freitas | Governance, Legal | Profile | |
| Marcelo Habibe | IRO CFO | Profile | |
| Anita Baggio | Performance, HR | Profile |