Energisa Mato Correlations

ENMT4 Preferred Stock

BRL 81.00 0.01 0.00%

The correlation of Energisa Mato 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 Energisa Mato could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energisa Mato 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 Energisa Mato - 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 Energisa Mato Grosso to buy it.

Moving together with Energisa Preferred Stock

0.61

HPQB34

Hewlett Packard

Pair Corr

Moving against Energisa Preferred Stock

0.74	ENGI4	Energisa SA	Pair Corr
0.71	ELET3	Centrais Eltricas	Pair Corr
0.71	ELET6	Centrais Eltricas	Pair Corr
0.71	ENGI11	Energisa SA	Pair Corr
0.68	ALUP3	Alupar Investimento	Pair Corr
0.61	TRPL3	CTEEP Companhia	Pair Corr
0.59	GSHP3	General Shopping e	Pair Corr
0.55	EQMA3B	Equatorial Maranho	Pair Corr
0.45	BRKM3	Braskem SA	Pair Corr
0.39	BRKM5	Braskem SA	Pair Corr
0.31	TAEE4	Transmissora Aliana	Pair Corr

Related Correlations Analysis

	A1LG34	B1TI34	U1RI34	TSMC34	BROF11	CTSH34	N1XP34
A1LG34		0.03	-0.29	-0.49	-0.21	-0.53	-0.22	A1LG34
B1TI34	0.03		-0.25	-0.27	0.31	0.22	-0.25	B1TI34
U1RI34	-0.29	-0.25		0.9	0.3	0.57	0.0	U1RI34
TSMC34	-0.49	-0.27	0.9		0.22	0.6	0.12	TSMC34
BROF11	-0.21	0.31	0.3	0.22		0.23	0.15	BROF11
CTSH34	-0.53	0.22	0.57	0.6	0.23		-0.29	CTSH34
N1XP34	-0.22	-0.25	0.0	0.12	0.15	-0.29		N1XP34
	A1LG34	B1TI34	U1RI34	TSMC34	BROF11	CTSH34	N1XP34

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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

TSMC34	+ 0.9	U1RI34
CTSH34	+ 0.6	TSMC34
CTSH34	+ 0.57	U1RI34
BROF11	+ 0.31	B1TI34
BROF11	+ 0.3	U1RI34
CTSH34	+ 0.23	BROF11

High negative correlations

CTSH34	- 0.53	A1LG34
TSMC34	- 0.49	A1LG34
N1XP34	- 0.29	CTSH34
U1RI34	- 0.29	A1LG34
TSMC34	- 0.27	B1TI34
N1XP34	- 0.25	B1TI34

Risk-Adjusted Indicators

There is a big difference between Energisa Preferred Stock performing well and Energisa Mato 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 Energisa Mato'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
A1LG34	0.44	0.02	(0.04)	(0.11)	0.90	(2.42)	1.86	(2.02)	10.68
B1TI34	1.02	0.18	0.03	(1.09)	1.08	(1.22)	2.42	(1.94)	6.07
U1RI34	1.69	0.38	0.08	(0.96)	2.32	(1.76)	3.39	(2.73)	17.36
TSMC34	1.79	0.30	0.07	(1.16)	2.10	(1.97)	4.36	(3.99)	15.95
BROF11	0.78	0.05	(0.09)	(0.12)	0.94	(0.86)	2.13	(1.72)	5.96
CTSH34	0.31	0.04	0.00	0.38	0.00	0.00	0.89	(0.05)	7.66
N1XP34	1.49	(0.12)	0.00	(0.16)	0.00	0.00	3.35	(4.49)	14.11

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Our tools can tell you how much better you can do entering a position in Energisa Mato 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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Energisa Mato Corporate Management

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

Maurcio Botelho	Investor CFO	Profile
Jos Melo	Logistics Board	Profile
Riberto Barbanera	Admin CEO	Profile
Daniele Castelo	Personnel Board	Profile
Gioreli Filho	Member Director	Profile
Fabricio Medeiros	Technical Board	Profile
Fernando Maia	Regulatory Board	Profile

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