Excelsior Alimentos Correlations

Preferred Stocks . Brazil . 
Preferred Stock . Excelsior Alimentos SA
BAUH4 Preferred Stock  BRL 78.20  0.02  0.03%   
The current 90-days correlation between Excelsior Alimentos and Minupar Participaes SA is -0.09 (i.e., Good diversification). The correlation of Excelsior Alimentos 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.

Excelsior Alimentos Correlation With Market

Significant diversification

The correlation between Excelsior Alimentos SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Excelsior Alimentos SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Excelsior Alimentos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excelsior Alimentos 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 Excelsior Alimentos - 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 Excelsior Alimentos SA to buy it.

Moving against Excelsior Preferred Stock

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Related Correlations Analysis

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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   
CGRA3
+ 0.95
CGRA4
CGRA4
+ 0.8
MNPR3
CGRA3
+ 0.8
MNPR3
BOBR4
+ 0.8
BAZA3
  
High negative correlations   
BOBR4
- 0.72
CGRA4
BOBR4
- 0.68
CGRA3
BOBR4
- 0.65
MNPR3
BAZA3
- 0.56
CGRA4
BAZA3
- 0.55
MNPR3
CGRA3
- 0.49
BAZA3

Risk-Adjusted Indicators

There is a big difference between Excelsior Preferred Stock performing well and Excelsior Alimentos 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 Excelsior Alimentos' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Excelsior Alimentos 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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Excelsior Alimentos Corporate Executives

Elected by the shareholders, the Excelsior Alimentos' board of directors comprises two types of representatives: Excelsior Alimentos inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Excelsior. The board's role is to monitor Excelsior Alimentos' management team and ensure that shareholders' interests are well served. Excelsior Alimentos' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Excelsior Alimentos' outside directors are responsible for providing unbiased perspectives on the board's policies.
Eliseo FernandezCFO, Chief Administrative OfficerProfile
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