Sendas Distribuidora Correlations
| ASAIDelisted Stock | USD 4.60 0.09 2.00% |
The current 90-days correlation between Sendas Distribuidora and BRF SA ADR is -0.06 (i.e., Good diversification). The correlation of Sendas Distribuidora 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.
Sendas Distribuidora Correlation With Market
Excellent diversification
The correlation between Sendas Distribuidora SA and DJI is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sendas Distribuidora SA and DJI in the same portfolio, assuming nothing else is changed.
Sendas |
Moving against Sendas Stock
| 0.91 | CYD | China Yuchai Interna Earnings Call This Week | PairCorr |
| 0.89 | BBDO | Banco Bradesco SA | PairCorr |
| 0.86 | SLSR | Solaris Resources | PairCorr |
| 0.84 | BNEFF | Bonterra Energy Corp | PairCorr |
| 0.81 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.81 | NTZ | Natuzzi SpA | PairCorr |
| 0.8 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.8 | AES | AES Earnings Call This Week | PairCorr |
| 0.8 | JOE | St Joe Company Earnings Call This Week | PairCorr |
| 0.78 | GRBK | Green Brick Partners Earnings Call This Week | PairCorr |
| 0.76 | DUK-PA | Duke Energy | PairCorr |
| 0.75 | INTC | Intel | PairCorr |
| 0.73 | TATT | Tat Techno | PairCorr |
| 0.73 | MEEEF | Metal Energy Corp | PairCorr |
| 0.51 | 482480AN0 | KLAC 525 15 | PairCorr |
| 0.47 | FRFFF | Fairfax Financial | PairCorr |
| 0.43 | NNRHF | Neinor Homes SA Earnings Call This Week | PairCorr |
| 0.91 | NNBR | NN Inc | PairCorr |
| 0.91 | MTGRF | Mount Gibson Iron | PairCorr |
| 0.91 | LAND | Gladstone Land Earnings Call This Week | PairCorr |
| 0.91 | CAMZF | Camino Minerals | PairCorr |
| 0.89 | TOGOF | TomaGold | PairCorr |
| 0.86 | CGECF | Cogeco Inc | PairCorr |
| 0.86 | FRSB | First Resource Bank | PairCorr |
| 0.82 | YLLXF | Yellow Cake plc | PairCorr |
| 0.8 | MEGI | MainStay CBRE Global | PairCorr |
| 0.75 | BFS | Saul Centers Earnings Call This Week | PairCorr |
| 0.66 | PRTS | CarPartsCom | PairCorr |
| 0.65 | USPH | US Physicalrapy | PairCorr |
| 0.63 | JLHL | Julong Holding | PairCorr |
| 0.59 | SHIP | Seanergy Maritime | PairCorr |
| 0.59 | PLSE | Pulse Biosciences | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Sendas Stock performing well and Sendas Distribuidora 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 Sendas Distribuidora'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRFS | 2.27 | (0.01) | (0.01) | 0.06 | 2.82 | 5.65 | 14.75 | |||
| TWNK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MZTI | 1.07 | (0.05) | 0.00 | (0.27) | 0.00 | 1.98 | 10.08 | |||
| NTCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VGR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PRMW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IBA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PME | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Sendas Distribuidora Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sendas Distribuidora stock to make a market-neutral strategy. Peer analysis of Sendas Distribuidora could also be used in its relative valuation, which is a method of valuing Sendas Distribuidora by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sendas Distribuidora Corporate Management
| Vitor Almeida | VP Board | Profile | |
| Christophe Hidalgo | Director | Profile | |
| Geraldo Mattos | Independent Director | Profile | |
| Philippe Alarcon | Director | Profile | |
| Luiz Carvalho | Independent Director | Profile | |
| JeanCharles Naouri | Chairman of the Board | Profile | |
| Josseline Clausade | Director | Profile |
Still Interested in Sendas Distribuidora SA?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.