Localiza Rent Correlations

OTC Stocks USA . 
Stock . Localiza Rent A
LZRFY Stock  USD 5.47  0.26  4.54%   
The current 90-days correlation between Localiza Rent A and United Rentals is 0.13 (i.e., Average diversification). The correlation of Localiza Rent 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.

Localiza Rent Correlation With Market

Significant diversification

The correlation between Localiza Rent A and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Localiza Rent A and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Localiza Rent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Localiza Rent 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 Localiza Rent - 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 Localiza Rent A to buy it.

Moving against Localiza OTC Stock

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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   
ASHTY
+ 0.89
URI
UHAL-B
+ 0.85
UHAL
FTAI
+ 0.82
URI
AER
+ 0.78
URI
FTAI
+ 0.78
ASHTY
FTAI
+ 0.69
AER
  
High negative correlations   
UHAL-B
- 0.73
FTAI
UHAL-B
- 0.38
ASHTY
UHAL-B
- 0.38
URI
UHAL
- 0.35
FTAI
UHAL-B
- 0.29
AER
UHAL
- 0.08
AER

Risk-Adjusted Indicators

There is a big difference between Localiza OTC Stock performing well and Localiza Rent OTC Stock 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 Localiza Rent'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 Localiza Rent 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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Localiza Rent Corporate Management

Elected by the shareholders, the Localiza Rent's board of directors comprises two types of representatives: Localiza Rent inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Localiza. The board's role is to monitor Localiza Rent's management team and ensure that shareholders' interests are well served. Localiza Rent'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, Localiza Rent's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joao FilhoEx BoardProfile
Suzana OliveiraChief BoardProfile
Daniel LinharesExecutive OfficerProfile
Rodrigo SousaInvestor CFOProfile
Flavio SallesEx BoardProfile
Andre PetenussiEx BoardProfile
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