Vale SA Correlations

Stocks . Germany . 
Stock . Vale SA
CVLC Stock  EUR 14.20  0.06  0.42%   
The current 90-days correlation between Vale SA and American Homes 4 is -0.05 (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

  0.88RHO ROCHE HLDGPairCorr
  0.796MK MerckPairCorr
  0.85NOT NOVARTIS NPairCorr
  0.894I1 Philip Morris InternPairCorr
  0.76TOTB TotalEnergies SEPairCorr
  0.89PKE Park Aerospace CorpPairCorr
  0.6623J Promis NeurosciencesPairCorr
  0.76F5J Mineral ResourcesPairCorr
  0.62VDY OneSpanPairCorr
  0.86TEX Castellum ABPairCorr
  0.72WFK World Fuel ServicesPairCorr
  0.76CIE1 Ciena Earnings Call This WeekPairCorr
  0.78TWZ Trican Well ServicePairCorr
  0.88KIN2 Kinross GoldPairCorr
  0.73KOM1 KOMATSUPairCorr
  0.75LTT Lattice SemiconductorPairCorr
  0.64KSB KSB SEPairCorr
  0.81GZM0 FEEDBACK PLC LSPairCorr
  0.872X0 CortevaPairCorr
  0.9KGHA KGHM Polska MiedzPairCorr
  0.83SHF SNP Schneider NeureiPairCorr
  0.74TEQ Telenor ASAPairCorr

Moving against Vale Stock

  0.88MBJ MBIAPairCorr
  0.86MBJ MBIA IncPairCorr
  0.82BT3 BIOTIME Earnings Call This WeekPairCorr
  0.81ABL Abbott LaboratoriesPairCorr
  0.78QCI QUALCOMMPairCorr
  0.78IB5A I CABLE MPairCorr
  0.7AJW ANGES MGPairCorr
  0.44DAP DANAHER (DAPSG)PairCorr
  0.440S6 CerencePairCorr
  0.75TUUF Solartron PublicPairCorr

Related Correlations Analysis


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

A4XA
+ 0.91
4IV
47X
+ 0.56
4IV
A4XA
+ 0.54
47X
HPI2
+ 0.35
4IV
47X
+ 0.35
HPI2
KBH
+ 0.34
GI4
  

High negative correlations

KBH
- 0.64
9JD
HPI2
- 0.56
GI4
4IV
- 0.29
GI4
4IV
- 0.29
9JD
KBH
- 0.27
HPI2
A4XA
- 0.26
GI4

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.

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 PimentaChief OfficerProfile
Carlos MedeirosExecutive OperationsProfile
Alexandre PereiraExec SolutionsProfile
Luciano PiresExec TransformationProfile
Denis CuencaChief OfficerProfile
Sami SobrinhoChief OfficerProfile
Samanta PillarExecutive PeopleProfile
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