Fundo Investec Correlations

WPLZ11 Fund

BRL 50.25 1.41 2.73%

The current 90-days correlation between Fundo Investec IMB and Energisa SA is 0.09 (i.e., Significant diversification). The correlation of Fundo Investec 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.

Fundo Investec Correlation With Market

Average diversification

The correlation between Fundo Investec IMB and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundo Investec IMB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fundo Investec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fundo Investec 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 Fundo Investec - 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 Fundo Investec IMB to buy it.

Related Correlations Analysis

	ENGI11	BTLG11	PLPL3	HBTS5	BVAR11	E1RI34	C1AB34	BEWZ39	B1TI34	SUZB3
ENGI11		0.85	0.5	0.76	-0.68	-0.8	-0.83	-0.42	-0.65	-0.89	ENGI11
BTLG11	0.85		0.58	0.63	-0.55	-0.8	-0.71	-0.22	-0.67	-0.85	BTLG11
PLPL3	0.5	0.58		0.03	0.08	-0.18	-0.53	0.38	-0.73	-0.49	PLPL3
HBTS5	0.76	0.63	0.03		-0.88	-0.74	-0.55	-0.61	-0.29	-0.71	HBTS5
BVAR11	-0.68	-0.55	0.08	-0.88		0.74	0.52	0.71	0.24	0.68	BVAR11
E1RI34	-0.8	-0.8	-0.18	-0.74	0.74		0.66	0.56	0.51	0.82	E1RI34
C1AB34	-0.83	-0.71	-0.53	-0.55	0.52	0.66		0.2	0.83	0.87	C1AB34
BEWZ39	-0.42	-0.22	0.38	-0.61	0.71	0.56	0.2		-0.13	0.44	BEWZ39
B1TI34	-0.65	-0.67	-0.73	-0.29	0.24	0.51	0.83	-0.13		0.73	B1TI34
SUZB3	-0.89	-0.85	-0.49	-0.71	0.68	0.82	0.87	0.44	0.73		SUZB3
	ENGI11	BTLG11	PLPL3	HBTS5	BVAR11	E1RI34	C1AB34	BEWZ39	B1TI34	SUZB3

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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

SUZB3	+ 0.87	C1AB34
BTLG11	+ 0.85	ENGI11
B1TI34	+ 0.83	C1AB34
SUZB3	+ 0.82	E1RI34
HBTS5	+ 0.76	ENGI11
E1RI34	+ 0.74	BVAR11

High negative correlations

SUZB3	- 0.89	ENGI11
BVAR11	- 0.88	HBTS5
SUZB3	- 0.85	BTLG11
C1AB34	- 0.83	ENGI11
E1RI34	- 0.8	BTLG11
E1RI34	- 0.8	ENGI11

Risk-Adjusted Indicators

There is a big difference between Fundo Fund performing well and Fundo Investec Fund 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 Fundo Investec'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
ENGI11	1.19	(0.34)	0.00	74.26	0.00	0.00	2.47	(2.57)	5.72
BTLG11	0.77	(0.16)	0.00	21.32	0.00	0.00	1.20	(2.15)	8.00
PLPL3	1.89	(0.31)	0.00	(0.82)	0.00	0.00	3.24	(4.04)	13.45
HBTS5	1.84	0.00	0.00	0.00	0.00	0.00	6.83	(6.25)	20.48
BVAR11	0.39	0.09	0.00	(0.22)	0.00	0.00	0.28	0.00	10.26
E1RI34	1.28	0.33	0.18	(1.95)	0.76	(2.53)	3.62	(2.09)	16.05
C1AB34	1.38	0.36	0.09	(0.69)	1.95	(1.67)	4.00	(4.48)	13.73
BEWZ39	1.05	0.10	0.01	(0.12)	1.56	(1.01)	2.09	(2.76)	8.59
B1TI34	1.00	0.08	0.02	0.73	1.21	(1.09)	2.42	(1.94)	4.94
SUZB3	1.12	0.31	0.20	(1.40)	0.89	(1.29)	2.79	(1.72)	7.07

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