Banco Do Correlations
| BDORY Stock | USD 4.40 0.11 2.44% |
The current 90-days correlation between Banco Do Brasil and BB Seguridade Participacoes is 0.34 (i.e., Weak diversification). The correlation of Banco Do 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.
Banco Do Correlation With Market
Good diversification
The correlation between Banco Do Brasil and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banco Do Brasil and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Banco Do could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Banco Do 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 Banco Do - 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 Banco Do Brasil to buy it.
Moving together with Banco Pink Sheet
| 0.66 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.93 | BBAS3 | Banco do Brasil | PairCorr |
| 0.62 | EATBF | Eat Beyond Global | PairCorr |
Moving against Banco Pink Sheet
| 0.88 | USB-PH | US Bancorp | PairCorr |
| 0.6 | CIHKY | China Merchants Bank | PairCorr |
| 0.59 | CIHHF | China Merchants Bank | PairCorr |
| 0.91 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.9 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.9 | ADSK | Autodesk | PairCorr |
| 0.87 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.87 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.86 | NVDA | NVIDIA | PairCorr |
| 0.78 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.78 | GM | General Motors | PairCorr |
| 0.74 | DECK | Deckers Outdoor | PairCorr |
| 0.62 | APLD | Applied Blockchain Trending | PairCorr |
| 0.57 | RCAT | Red Cat Holdings Trending | PairCorr |
Related Correlations Analysis
| 0.91 | 0.93 | 0.62 | 0.93 | BBSEY | ||
| 0.91 | 0.98 | 0.77 | 0.92 | BSBR | ||
| 0.93 | 0.98 | 0.76 | 0.94 | EBR | ||
| 0.62 | 0.77 | 0.76 | 0.67 | CIOXY | ||
| 0.93 | 0.92 | 0.94 | 0.67 | ITUB | ||
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Risk-Adjusted Indicators
There is a big difference between Banco Pink Sheet performing well and Banco Do 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 Banco Do'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBSEY | 1.12 | (0.25) | 0.00 | (0.49) | 0.00 | 1.85 | 10.20 | |||
| BSBR | 1.11 | (0.43) | 0.00 | (0.81) | 0.00 | 1.79 | 6.70 | |||
| EBR | 1.32 | (0.36) | 0.00 | (1.46) | 0.00 | 2.79 | 9.56 | |||
| CIOXY | 2.92 | 0.14 | 0.00 | 0.04 | 0.00 | 3.09 | 49.15 | |||
| ITUB | 1.13 | (0.24) | 0.00 | (0.72) | 0.00 | 1.84 | 5.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Banco Do 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.Did you try this?
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Banco Do Corporate Management
| Fausto Ribeiro | Director CEO | Profile | |
| Antonio Araujo | VP Officer | Profile | |
| Joao Pecego | VP Officer | Profile | |
| Marcelo Lima | Chief Board | Profile | |
| Ana Sousa | VP Officer | Profile | |
| Jose Forni | Internal Control and Compliance Officer | Profile | |
| Renato Naegele | Chief Board | Profile |