Cury Construtora Correlations

CURY3 Stock

BRL 19.52 0.38 1.91%

The current 90-days correlation between Cury Construtora e and Ambipar Participaes e is 0.04 (i.e., Significant diversification). The correlation of Cury Construtora 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.

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

Moving together with Cury Stock

0.95	PLPL3	Plano Plano Desenvol	Pair Corr
0.88	MTRE3	Mitre Realty Empreen	Pair Corr
0.62	LFTT11	Loft II Fundo	Pair Corr
0.91	BOVA11	iShares Ibovespa Index	Pair Corr
0.81	ENEV3	Eneva SA	Pair Corr
0.89	LJQQ3	Lojas Quero Quero	Pair Corr
0.84	SEQL3	Sequoia Logstica e	Pair Corr
0.93	WEST3	Westwing Comrcio Var Split	Pair Corr

Moving against Cury Stock

0.88	A1AP34	Advance Auto Parts	Pair Corr
0.87	A1SN34	Ascendis Pharma AS	Pair Corr
0.85	AMZO34	Amazon Inc	Pair Corr
0.83	AAPL34	Apple Inc	Pair Corr
0.73	H2TA34	Healthcare Realty Trust	Pair Corr
0.65	FHER3	Fertilizantes Heringer	Pair Corr
0.63	Z1OM34	Zoom Video Communications	Pair Corr
0.57	A1IV34	Apartment Investment and	Pair Corr
0.37	NOKI34	Nokia Oyj	Pair Corr
0.36	JBSS3F	JBS ON NM	Pair Corr
0.86	B1RF34	Broadridge Financial	Pair Corr
0.85	M1CB34	Molson Coors Beverage	Pair Corr
0.81	AXPB34	American Express	Pair Corr
0.8	TSMC34	Taiwan Semiconductor	Pair Corr
0.78	PETR4	Petrleo Brasileiro	Pair Corr
0.77	PETR3	Petrleo Brasileiro	Pair Corr
0.77	MRFG3	Marfrig Global Foods	Pair Corr
0.76	U1AL34	United Airlines Holdings	Pair Corr
0.75	RCSL3	Recrusul SA	Pair Corr
0.73	ASML34	ASML Holding NV	Pair Corr
0.72	SSFO34	salesforce inc	Pair Corr
0.71	EQIX34	Equinix	Pair Corr
0.7	R1KU34	Roku Inc	Pair Corr
0.7	SUZB3	Suzano SA	Pair Corr
0.59	A1UT34	Autodesk	Pair Corr
0.57	CEDO3	Companhia de Fiacao	Pair Corr
0.57	P1YC34	Paycom Software	Pair Corr
0.52	H1DB34	HDFC Bank Limited	Pair Corr
0.48	NVDC34	NVIDIA	Pair Corr

Related Correlations Analysis

	AMBP3	PNVL3	DIRR3	MTRE3
AMBP3		0.04	0.12	0.06	AMBP3
PNVL3	0.04		0.88	0.83	PNVL3
DIRR3	0.12	0.88		0.86	DIRR3
MTRE3	0.06	0.83	0.86		MTRE3
	AMBP3	PNVL3	DIRR3	MTRE3

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Risk-Adjusted Indicators

There is a big difference between Cury Stock performing well and Cury Construtora 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 Cury Construtora'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
AMBP3	5.30	0.32	0.04	(0.29)	6.44	(6.55)	11.49	(12.66)	62.04
PNVL3	1.12	(0.31)	0.00	2.47	0.00	0.00	2.01	(3.11)	6.17
DIRR3	1.87	(0.15)	0.00	(0.57)	0.00	0.00	4.26	(4.96)	11.25
MTRE3	2.35	(0.16)	0.00	(0.24)	0.00	0.00	4.21	(4.65)	14.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cury Construtora 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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