Azul SA Correlations
| AZULDelisted Stock | USD 0.27 0.26 2,600% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Azul SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azul SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Azul SA Correlation With Market
Pay attention - limited upside
The correlation between Azul SA and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azul SA and DJI in the same portfolio, assuming nothing else is changed.
Azul |
Moving together with Azul Stock
| 0.91 | TRNR | Interactive Strength | PairCorr |
| 0.81 | APVO | Aptevo Therapeutics | PairCorr |
| 0.81 | NIVF | NewGenIvf Group | PairCorr |
Moving against Azul Stock
| 0.92 | GEL | Genesis Energy LP | PairCorr |
| 0.91 | ENBP | ENB Financial Corp | PairCorr |
| 0.91 | DFKCY | Daifuku Co | PairCorr |
| 0.89 | SOJE | Southern Company | PairCorr |
| 0.88 | CAPL | Crossamerica Partners Earnings Call Today | PairCorr |
| 0.88 | BCO | Brinks Company Earnings Call Tomorrow | PairCorr |
| 0.86 | WEJTY | Webjet Limited | PairCorr |
| 0.85 | VHI | Valhi Inc | PairCorr |
| 0.85 | DREUF | Dream Industrial Real | PairCorr |
| 0.83 | ESCA | Escalade Incorporated | PairCorr |
| 0.83 | OXY | Occidental Petroleum Earnings Call Today | PairCorr |
| 0.82 | BHB | Bar Harbor Bankshares | PairCorr |
| 0.78 | PSX | Phillips 66 | PairCorr |
| 0.78 | PDER | Pardee Resources | PairCorr |
| 0.76 | ICAGY | International Consolidated Earnings Call This Week | PairCorr |
| 0.74 | GL-PD | Globe Life 425 | PairCorr |
| 0.73 | TFC | Truist Financial Corp | PairCorr |
| 0.7 | UAMY | United States Antimony Buyout Trend | PairCorr |
| 0.7 | PRTS | CarPartsCom | PairCorr |
| 0.46 | NBTRF | Nobel Resources Corp | PairCorr |
| 0.38 | RDNW | RideNow Group Symbol Change | PairCorr |
| 0.97 | TDY | Teledyne Technologies | PairCorr |
| 0.96 | ALFVF | Alfa Laval AB | PairCorr |
| 0.95 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.93 | MOG-A | Moog Inc | PairCorr |
| 0.93 | E | Eni SpA ADR Earnings Call Tomorrow | PairCorr |
| 0.92 | ASX | ASE Industrial Holding | PairCorr |
| 0.9 | TRP | TC Energy Corp | PairCorr |
| 0.89 | CMI | Cummins | PairCorr |
| 0.89 | MBINN | Merchants Bancorp | PairCorr |
| 0.88 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.87 | ALL-PB | Allstate | 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
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Risk-Adjusted Indicators
There is a big difference between Azul Stock performing well and Azul 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 Azul 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAVE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PFSW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AENZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPWR | 2.74 | (0.09) | 0.00 | (0.33) | 0.00 | 6.54 | 16.15 | |||
| SVT | 8.51 | 4.07 | 2.40 | 1.29 | 0.00 | 3.80 | 267.41 | |||
| SCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNTX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ESEAV | 2.28 | 1.54 | 0.00 | 4.21 | 0.00 | 7.12 | 4.15 | |||
| ARQ | 2.29 | (0.19) | 0.00 | (0.01) | 0.00 | 6.06 | 13.01 |
Azul SA 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 Azul SA stock to make a market-neutral strategy. Peer analysis of Azul SA could also be used in its relative valuation, which is a method of valuing Azul SA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Azul SA Corporate Management
| Alexandre Malfitani | Head of TudoAzul Loyalty Program | Profile | |
| Jason Ward | Vice Customers | Profile | |
| Andrea Bottcher | Investor Mang | Profile | |
| Thais Haberli | IR Mang | Profile | |
| Gelzon Pizzirani | Independent Member of Board | Profile | |
| Carolyn Trabuco | Independent Member of Board | Profile | |
| Gilberto Peralta | Independent Member of Board | Profile |
Still Interested in Azul 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.