Suzano SA Correlations
| SPXB Stock | EUR 9.70 0.20 2.02% |
The current 90-days correlation between Suzano SA and Stora Enso Oyj is 0.3 (i.e., Weak diversification). The correlation of Suzano 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.
Suzano SA Correlation With Market
Good diversification
The correlation between Suzano SA and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Suzano SA and DJI in the same portfolio, assuming nothing else is changed.
Suzano |
The ability to find closely correlated positions to Suzano 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 Suzano 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 Suzano 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 Suzano SA to buy it.
Moving together with Suzano Stock
| 0.98 | SPXB | Suzano SA | PairCorr |
| 0.81 | NSE | Nomura Holdings | PairCorr |
| 0.86 | 7PI | Poste Italiane SpA | PairCorr |
| 0.79 | 7RY | Ryerson Holding | PairCorr |
| 0.72 | 3O8 | Omeros | PairCorr |
| 0.83 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.89 | SAP | SAP SE | PairCorr |
| 0.83 | BN9 | The Bank | PairCorr |
| 0.66 | E908 | Lyxor 1 | PairCorr |
Moving against Suzano Stock
| 0.88 | AZ6 | EuropaCorp | PairCorr |
| 0.77 | ENUA | STORA ENSO OYJ | PairCorr |
| 0.75 | RPL | UPM Kymmene Oyj | PairCorr |
| 0.75 | ENUR | Stora Enso Oyj | PairCorr |
| 0.69 | HL9C | Holmen AB | PairCorr |
| 0.69 | AHD | ASHFORD HOSPITTRUST Split | PairCorr |
| 0.69 | GHDN | Brainstorm Cell Ther Split | PairCorr |
| 0.65 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.51 | QB3 | Quebecor | PairCorr |
| 0.45 | C4X | Onxeo SA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Suzano Stock performing well and Suzano 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 Suzano 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENUR | 1.27 | (0.18) | 0.00 | (3.38) | 0.00 | 2.90 | 10.00 | |||
| 8SP | 2.13 | (0.20) | 0.00 | (3.42) | 0.00 | 3.36 | 20.22 | |||
| 39O1 | 3.53 | 0.08 | 0.01 | 0.43 | 3.55 | 8.41 | 24.06 | |||
| IUI1 | 1.21 | 0.19 | 0.12 | 0.36 | 1.17 | 3.28 | 10.53 | |||
| INL | 2.37 | 0.04 | 0.00 | 0.12 | 2.74 | 7.04 | 16.28 | |||
| RS6 | 1.36 | 0.16 | 0.08 | 0.68 | 1.34 | 2.94 | 13.65 | |||
| RRU | 1.59 | 0.22 | 0.12 | 0.22 | 1.76 | 3.27 | 10.56 | |||
| XYTA | 12.32 | 4.53 | 0.15 | (1.79) | 8.16 | 33.33 | 233.33 | |||
| 9K1 | 1.76 | (0.36) | 0.00 | 1.54 | 0.00 | 2.94 | 14.80 |
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Suzano SA Corporate Management
Elected by the shareholders, the Suzano SA's board of directors comprises two types of representatives: Suzano SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Suzano. The board's role is to monitor Suzano SA's management team and ensure that shareholders' interests are well served. Suzano 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, Suzano SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Leonardo Grimaldi | People Pulp | Profile | |
| Pablo Machado | Exec China | Profile | |
| Walter Schalka | CEO Board | Profile | |
| Luis Bueno | Exec Affairs | Profile | |
| Aires Galhardo | Ex Board | Profile | |
| Marcelo Bacci | Exec CFO | Profile | |
| Christian Orglmeister | Strategy, Busi | Profile |