Cogna Educao Correlations
| COGN3 Stock | BRL 1.32 0.05 3.65% |
The current 90-days correlation between Cogna Educao SA and Yduqs Participaes SA is 0.84 (i.e., Very poor diversification). The correlation of Cogna Educao 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.
Cogna Educao Correlation With Market
Modest diversification
The correlation between Cogna Educao SA and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cogna Educao SA and DJI in the same portfolio, assuming nothing else is changed.
Cogna |
The ability to find closely correlated positions to Cogna Educao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogna Educao 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 Cogna Educao - 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 Cogna Educao SA to buy it.
Moving together with Cogna Stock
Moving against Cogna Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Cogna Stock performing well and Cogna Educao 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 Cogna Educao'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| COGN3 | 2.94 | (0.14) | 0.00 | (0.03) | 0.00 | 7.52 | 19.89 | |||
| YDUQ3 | 2.58 | (0.08) | 0.00 | (0.03) | 0.00 | 6.51 | 14.99 | |||
| ANIM3 | 2.94 | (0.57) | 0.00 | (0.92) | 0.00 | 4.60 | 19.39 | |||
| SEER3 | 2.76 | 0.25 | 0.07 | 0.39 | 2.82 | 5.96 | 15.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cogna Educao 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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Cogna Educao Corporate Management
Elected by the shareholders, the Cogna Educao's board of directors comprises two types of representatives: Cogna Educao inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cogna. The board's role is to monitor Cogna Educao's management team and ensure that shareholders' interests are well served. Cogna Educao'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, Cogna Educao's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Evando Neiva | Chairman of the Board | Profile | |
| Carlos Reis | Chief Technology and Digital Transformation Officer | Profile | |
| Roberto Valerio | Vice President - Undergrad Distance Learning & Centers Officer | Profile | |
| Frederico Villa | Investor CFO | Profile | |
| Paulo Tarso | Graduate and Continuing Education Officer | Profile | |
| Fabio Lacerda | Administrative Officer | Profile |