Afluente Transmisso Correlations

AFLT3 Stock

BRL 7.21 0.00 0.00%

The current 90-days correlation between Afluente Transmisso and Unifique Telecomunicaes SA is 0.07 (i.e., Significant diversification). The correlation of Afluente Transmisso 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.

Afluente Transmisso Correlation With Market

Weak diversification

The correlation between Afluente Transmisso de and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Afluente Transmisso de and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	Z1OM34	CHCM34	COWC34	FIQE3	GOAU4	RSUL4	F1NI34
Z1OM34		0.81	0.87	-0.16	0.3	-0.62	0.82	Z1OM34
CHCM34	0.81		0.78	0.13	0.4	-0.37	0.55	CHCM34
COWC34	0.87	0.78		-0.11	0.32	-0.48	0.75	COWC34
FIQE3	-0.16	0.13	-0.11		0.01	0.2	-0.04	FIQE3
GOAU4	0.3	0.4	0.32	0.01		-0.27	0.0	GOAU4
RSUL4	-0.62	-0.37	-0.48	0.2	-0.27		-0.63	RSUL4
F1NI34	0.82	0.55	0.75	-0.04	0.0	-0.63		F1NI34
	Z1OM34	CHCM34	COWC34	FIQE3	GOAU4	RSUL4	F1NI34

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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

COWC34	+ 0.87	Z1OM34
F1NI34	+ 0.82	Z1OM34
CHCM34	+ 0.81	Z1OM34
COWC34	+ 0.78	CHCM34
F1NI34	+ 0.75	COWC34
F1NI34	+ 0.55	CHCM34

High negative correlations

F1NI34	- 0.63	RSUL4
RSUL4	- 0.62	Z1OM34
RSUL4	- 0.48	COWC34
RSUL4	- 0.37	CHCM34
RSUL4	- 0.27	GOAU4
FIQE3	- 0.16	Z1OM34

Risk-Adjusted Indicators

There is a big difference between Afluente Stock performing well and Afluente Transmisso 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 Afluente Transmisso'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
Z1OM34	1.76	0.52	0.18	(24.45)	1.66	(2.12)	4.92	(3.46)	20.71
CHCM34	1.69	0.21	0.09	0.43	1.57	(1.82)	4.23	(3.11)	17.68
COWC34	1.30	0.23	0.08	(0.71)	1.29	(1.42)	2.56	(1.84)	7.92
FIQE3	1.52	(0.08)	0.00	(0.09)	0.00	0.00	2.64	(3.57)	11.45
GOAU4	1.32	0.07	0.02	0.20	1.54	(1.44)	3.64	(2.52)	14.19
RSUL4	0.98	(0.16)	0.00	(0.49)	0.00	0.00	1.96	(2.22)	6.19
F1NI34	0.79	0.25	0.13	(35.27)	0.50	(1.33)	2.32	(1.77)	7.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in Afluente Transmisso 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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Afluente Transmisso Corporate Management

Elected by the shareholders, the Afluente Transmisso's board of directors comprises two types of representatives: Afluente Transmisso inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Afluente. The board's role is to monitor Afluente Transmisso's management team and ensure that shareholders' interests are well served. Afluente Transmisso'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, Afluente Transmisso's outside directors are responsible for providing unbiased perspectives on the board's policies.

Fabiano Carvalho	Director Board	Profile
Eduardo Saiz	Director Board	Profile
Fabiano Ribeiro	Personnel CEO	Profile
Elvira Presta	Chief Officer	Profile
Leonardo Gadelha	Member Officer	Profile
Luciana Maia	Accounting Superintendent	Profile

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