Ambev SA Correlations

AMNA Stock

EUR 2.52 0.10 3.82%

The current 90-days correlation between Ambev SA and INDCOMMBK CHINA ADR20 is 0.02 (i.e., Significant diversification). The correlation of Ambev 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.

Ambev SA Correlation With Market

Poor diversification

The correlation between Ambev SA and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ambev SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ambev 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 Ambev 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 Ambev 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 Ambev SA to buy it.

Moving together with Ambev Stock

0.94	SSU	Samsung Electronics	Pair Corr
0.92	SSUN	Samsung Electronics	Pair Corr
0.94	SSU	Samsung Electronics	Pair Corr
0.94	SSUN	Samsung Electronics	Pair Corr
0.96	YBV0	B3 SA UNSPADR1	Pair Corr
0.84	VNB	Valley National Bancorp	Pair Corr
0.81	GFF	Griffon	Pair Corr
0.9	GSR	Gossan Resources	Pair Corr
0.8	AV3	Avery Dennison Corp	Pair Corr
0.66	HH1	Hancock Whitney	Pair Corr
0.91	S7MB	SECURITAS B	Pair Corr
0.84	Q11	Viromed Medical AG	Pair Corr
0.66	SKFD	AB SKF	Pair Corr
0.87	XS4	ON SEMICONDUCTOR	Pair Corr
0.85	WMTD	WALMART INC CDR	Pair Corr
0.91	IMI1	IMI plc Earnings Call Tomorrow	Pair Corr
0.89	M83	Middle Island Resources Earnings Call This Week	Pair Corr
0.92	ARW	ARROW ELECTRONICS	Pair Corr
0.76	EMD	ENM Holdings Limited	Pair Corr
0.83	BRE	Banco Bradesco SA	Pair Corr
0.67	6FO	GOODTECH ASA A	Pair Corr
0.79	98Y	OPERADDSITMEXA1 01	Pair Corr
0.82	DYF1	Dynavax Technologies	Pair Corr
0.91	HY9H	SK hynix	Pair Corr

Moving against Ambev Stock

0.83	BZG2	BANK CENTRAL ASIA	Pair Corr
0.8	BZG2	PT Bank Central	Pair Corr
0.55	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	SSU	2WGA	PKX	TOMA	5EE	4FK	LGLG	C6TB	ICK	ICKB
SSU		0.87	0.9	0.84	0.88	0.85	0.72	0.38	0.45	0.53	SSU
2WGA	0.87		0.86	0.72	0.87	0.86	0.73	0.44	0.36	0.41	2WGA
PKX	0.9	0.86		0.78	0.87	0.85	0.74	0.47	0.45	0.5	PKX
TOMA	0.84	0.72	0.78		0.88	0.87	0.55	0.23	0.44	0.45	TOMA
5EE	0.88	0.87	0.87	0.88		0.98	0.64	0.44	0.48	0.5	5EE
4FK	0.85	0.86	0.85	0.87	0.98		0.62	0.43	0.47	0.5	4FK
LGLG	0.72	0.73	0.74	0.55	0.64	0.62		0.29	0.31	0.26	LGLG
C6TB	0.38	0.44	0.47	0.23	0.44	0.43	0.29		0.54	0.64	C6TB
ICK	0.45	0.36	0.45	0.44	0.48	0.47	0.31	0.54		0.58	ICK
ICKB	0.53	0.41	0.5	0.45	0.5	0.5	0.26	0.64	0.58		ICKB
	SSU	2WGA	PKX	TOMA	5EE	4FK	LGLG	C6TB	ICK	ICKB

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Risk-Adjusted Indicators

There is a big difference between Ambev Stock performing well and Ambev 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 Ambev 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
SSU	2.92	1.02	0.32	2.80	2.55	(3.60)	7.66	(5.10)	15.03
2WGA	2.57	0.47	0.14	0.94	2.77	(3.14)	5.88	(6.15)	20.16
PKX	2.04	0.17	0.05	0.91	2.44	(2.59)	4.76	(5.22)	20.00
TOMA	1.48	0.16	0.06	1.35	2.02	(1.54)	2.84	(3.17)	9.64
5EE	1.54	0.22	0.08	14.58	1.71	(2.10)	3.39	(2.65)	10.23
4FK	1.62	0.34	0.14	1.71	1.66	(2.14)	4.44	(3.24)	12.04
LGLG	3.58	0.57	0.11	(0.29)	3.81	(4.59)	9.93	(6.52)	24.63
C6TB	1.52	(0.03)	0.00	0.12	0.00	0.00	4.42	(4.40)	15.99
ICK	1.89	0.04	0.00	18.09	3.28	(2.77)	2.99	(2.90)	23.71
ICKB	1.23	(0.01)	(0.02)	0.16	1.56	(1.84)	3.73	(2.84)	10.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ambev 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.

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Ambev SA Corporate Management

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

Carla Prado	VP Officers	Profile
Guilherme Parolari	Investors Financial	Profile
Lucas Lira	Chief Officers	Profile
Daniel Cocenzo	VP Officers	Profile
Rodrigo Souza	VP Officers	Profile
Guilherme Parente	Secretary Officer	Profile
Jean Neto	CEO Board	Profile

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