Fundo Invest Correlations

CTXT11 Fund

BRL 5.70 0.01 0.18%

The current 90-days correlation between Fundo Invest Imobiliario and BTG Pactual Logstica is 0.09 (i.e., Significant diversification). The correlation of Fundo Invest 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.

Fundo Invest Correlation With Market

Good diversification

The correlation between Fundo Invest Imobiliario and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundo Invest Imobiliario and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fundo Invest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fundo Invest 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 Fundo Invest - 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 Fundo Invest Imobiliario to buy it.

Related Correlations Analysis

	ENGI11	BTLG11	PLPL3	PGCO34	E1RI34	C1AB34	ATMP3	BEWZ39	B1TI34	SUZB3
ENGI11		0.88	-0.64	-0.18	-0.77	-0.58	0.26	-0.79	0.21	-0.72	ENGI11
BTLG11	0.88		-0.77	-0.19	-0.79	-0.35	0.15	-0.8	0.23	-0.57	BTLG11
PLPL3	-0.64	-0.77		0.22	0.77	0.17	-0.22	0.77	-0.37	0.49	PLPL3
PGCO34	-0.18	-0.19	0.22		0.34	0.48	-0.51	0.07	0.69	0.34	PGCO34
E1RI34	-0.77	-0.79	0.77	0.34		0.54	-0.52	0.83	-0.09	0.8	E1RI34
C1AB34	-0.58	-0.35	0.17	0.48	0.54		-0.6	0.29	0.4	0.75	C1AB34
ATMP3	0.26	0.15	-0.22	-0.51	-0.52	-0.6		-0.19	-0.38	-0.6	ATMP3
BEWZ39	-0.79	-0.8	0.77	0.07	0.83	0.29	-0.19		-0.47	0.65	BEWZ39
B1TI34	0.21	0.23	-0.37	0.69	-0.09	0.4	-0.38	-0.47		0.08	B1TI34
SUZB3	-0.72	-0.57	0.49	0.34	0.8	0.75	-0.6	0.65	0.08		SUZB3
	ENGI11	BTLG11	PLPL3	PGCO34	E1RI34	C1AB34	ATMP3	BEWZ39	B1TI34	SUZB3

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BTLG11	+ 0.88	ENGI11
BEWZ39	+ 0.83	E1RI34
SUZB3	+ 0.8	E1RI34
E1RI34	+ 0.77	PLPL3
BEWZ39	+ 0.77	PLPL3
SUZB3	+ 0.75	C1AB34

High negative correlations

BEWZ39	- 0.8	BTLG11
E1RI34	- 0.79	BTLG11
BEWZ39	- 0.79	ENGI11
PLPL3	- 0.77	BTLG11
E1RI34	- 0.77	ENGI11
SUZB3	- 0.72	ENGI11

Risk-Adjusted Indicators

There is a big difference between Fundo Fund performing well and Fundo Invest Fund 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 Fundo Invest'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
ENGI11	0.99	(0.23)	0.00	(0.85)	0.00	0.00	2.44	(2.29)	6.68
BTLG11	0.52	(0.11)	0.00	(1.59)	0.00	0.00	0.98	(1.29)	4.73
PLPL3	1.71	0.15	0.05	0.44	1.68	(1.97)	3.50	(3.19)	8.69
PGCO34	1.02	0.21	0.05	(0.73)	1.00	(1.15)	2.19	(1.84)	7.52
E1RI34	1.19	0.18	0.07	0.60	0.88	(2.09)	3.48	(2.09)	16.05
C1AB34	1.48	0.48	0.11	(0.64)	1.28	(2.51)	4.35	(2.60)	14.25
ATMP3	2.17	0.06	0.00	0.03	0.00	0.00	6.38	(5.07)	21.44
BEWZ39	0.96	0.05	(0.04)	1.02	1.23	(1.00)	2.06	(2.07)	8.19
B1TI34	0.97	0.17	0.02	(0.71)	1.07	(1.16)	2.42	(1.94)	6.07
SUZB3	0.93	0.10	(0.04)	(0.70)	0.98	(1.05)	2.33	(1.65)	6.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fundo Invest 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?

Run ETF Categories Now

ETF Categories

List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC