Vale SA Correlations

CVLB Stock

EUR 13.65 0.90 6.19%

The current 90-days correlation between Vale SA and Abbott Laboratories is -0.01 (i.e., Good diversification). The correlation of Vale SA 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.

Vale SA Correlation With Market

Very poor diversification

The correlation between Vale SA and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vale SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vale Stock

0.93	RHO	ROCHE HLDG	Pair Corr
0.84	6MK	Merck	Pair Corr
0.91	NOT	NOVARTIS N	Pair Corr
0.93	4I1	Philip Morris Intern	Pair Corr
0.85	TOTB	TotalEnergies SE	Pair Corr
0.88	PKE	Park Aerospace Corp	Pair Corr
0.73	23J	Promis Neurosciences	Pair Corr
0.7	F5J	Mineral Resources	Pair Corr
0.68	D2G	Orsted AS	Pair Corr
0.87	TEX	Castellum AB	Pair Corr
0.65	WFK	World Fuel Services	Pair Corr
0.8	CIE1	Ciena Earnings Call Tomorrow	Pair Corr
0.71	KPN	Koninklijke KPN NV	Pair Corr
0.84	TWZ	Trican Well Service	Pair Corr
0.86	KIN2	Kinross Gold	Pair Corr
0.81	KOM1	KOMATSU	Pair Corr
0.8	LTT	Lattice Semiconductor	Pair Corr
0.74	KSB	KSB SE	Pair Corr
0.81	GZM0	FEEDBACK PLC LS	Pair Corr
0.89	2X0	Corteva	Pair Corr
0.87	KGHA	KGHM Polska Miedz	Pair Corr
0.85	SHF	SNP Schneider Neurei	Pair Corr
0.84	TEQ	Telenor ASA	Pair Corr

Moving against Vale Stock

0.9	MBJ	MBIA	Pair Corr
0.89	IB5A	I CABLE M	Pair Corr
0.87	QCI	QUALCOMM	Pair Corr
0.84	ABL	Abbott Laboratories	Pair Corr
0.81	MBJ	MBIA Inc	Pair Corr
0.78	BT3	BIOTIME Earnings Call Tomorrow	Pair Corr
0.65	AJW	ANGES MG	Pair Corr
0.61	0S6	Cerence	Pair Corr
0.57	DAP	DANAHER (DAPSG)	Pair Corr
0.76	TUUF	Solartron Public	Pair Corr

Related Correlations Analysis

	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V
RHO		-0.76	-0.66	-0.88	0.92	0.97	0.96	-0.22	0.95	0.48	RHO
ABL	-0.76		0.59	0.82	-0.57	-0.69	-0.69	-0.19	-0.76	-0.41	ABL
DAP	-0.66	0.59		0.73	-0.62	-0.72	-0.73	0.49	-0.62	-0.35	DAP
QCI	-0.88	0.82	0.73		-0.82	-0.86	-0.86	0.13	-0.93	-0.52	QCI
6MK	0.92	-0.57	-0.62	-0.82		0.93	0.92	-0.39	0.9	0.52	6MK
NOT	0.97	-0.69	-0.72	-0.86	0.93		0.99	-0.31	0.93	0.5	NOT
NOT	0.96	-0.69	-0.73	-0.86	0.92	0.99		-0.29	0.93	0.48	NOT
AMD	-0.22	-0.19	0.49	0.13	-0.39	-0.31	-0.29		-0.13	-0.11	AMD
4I1	0.95	-0.76	-0.62	-0.93	0.9	0.93	0.93	-0.13		0.5	4I1
W8V	0.48	-0.41	-0.35	-0.52	0.52	0.5	0.48	-0.11	0.5		W8V
	RHO	ABL	DAP	QCI	6MK	NOT	NOT	AMD	4I1	W8V

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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

NOT	+ 0.99	NOT
NOT	+ 0.97	RHO
NOT	+ 0.96	RHO
4I1	+ 0.95	RHO
NOT	+ 0.93	6MK
4I1	+ 0.93	NOT

High negative correlations

4I1	- 0.93	QCI
QCI	- 0.88	RHO
NOT	- 0.86	QCI
NOT	- 0.86	QCI
6MK	- 0.82	QCI
4I1	- 0.76	ABL

Risk-Adjusted Indicators

There is a big difference between Vale Stock performing well and Vale SA 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 Vale SA'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
RHO	1.00	0.22	0.12	0.95	1.37	(1.10)	2.31	(2.20)	8.07
ABL	0.99	(0.14)	0.00	0.21	0.00	0.00	1.91	(1.76)	12.67
DAP	1.17	(0.17)	0.00	0.40	0.00	0.00	2.14	(2.98)	8.54
QCI	1.42	(0.24)	0.00	2.27	0.00	0.00	1.90	(2.57)	12.93
6MK	1.26	0.24	0.11	(0.35)	1.41	(1.38)	2.63	(2.35)	8.32
NOT	0.92	0.36	0.38	(2.15)	0.40	(1.15)	2.70	(1.40)	5.41
NOT	0.81	0.35	0.46	1.32	0.09	(1.09)	2.10	(1.18)	4.95
AMD	2.50	(0.05)	0.00	0.27	0.00	0.00	6.33	(4.61)	24.55
4I1	1.07	0.20	0.11	(0.75)	1.25	(1.18)	2.64	(2.55)	6.74
W8V	1.40	0.01	0.00	0.05	2.68	(3.58)	2.08	(2.04)	24.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vale SA 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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Vale SA Corporate Management

Elected by the shareholders, the Vale SA's board of directors comprises two types of representatives: Vale SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vale. The board's role is to monitor Vale SA's management team and ensure that shareholders' interests are well served. Vale SA'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, Vale SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gustavo Pimenta	Chief Officer	Profile
Carlos Medeiros	Executive Operations	Profile
Alexandre Pereira	Exec Solutions	Profile
Luciano Pires	Exec Transformation	Profile
Denis Cuenca	Chief Officer	Profile
Sami Sobrinho	Chief Officer	Profile
Samanta Pillar	Executive People	Profile

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