Empresa Nacional Correlations
| ENTEL Stock | CLP 2,980 50.00 1.65% |
The current 90-days correlation between Empresa Nacional and CAP SA is 0.14 (i.e., Average diversification). The correlation of Empresa Nacional 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.
Empresa Nacional Correlation With Market
Significant diversification
The correlation between Empresa Nacional de and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empresa Nacional de and DJI in the same portfolio, assuming nothing else is changed.
Empresa |
The ability to find closely correlated positions to Empresa Nacional could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empresa Nacional 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 Empresa Nacional - 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 Empresa Nacional de to buy it.
Moving together with Empresa Stock
| 0.69 | AFPCAPITAL | AFP Capital SA | PairCorr |
Moving against Empresa Stock
Related Correlations Analysis
| 0.43 | 0.81 | 0.38 | 0.41 | CENCOSUD | ||
| 0.43 | 0.66 | 0.81 | 0.65 | COPEC | ||
| 0.81 | 0.66 | 0.59 | 0.74 | FALABELLA | ||
| 0.38 | 0.81 | 0.59 | 0.65 | CMPC | ||
| 0.41 | 0.65 | 0.74 | 0.65 | CAP | ||
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Risk-Adjusted Indicators
There is a big difference between Empresa Stock performing well and Empresa Nacional 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 Empresa Nacional'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CENCOSUD | 0.97 | 0.12 | 0.01 | 0.82 | 1.12 | 2.48 | 7.08 | |||
| COPEC | 1.16 | (0.06) | 0.00 | (0.19) | 0.00 | 2.58 | 5.96 | |||
| FALABELLA | 1.22 | 0.10 | (0.04) | (0.25) | 1.29 | 3.10 | 5.58 | |||
| CMPC | 1.12 | (0.07) | 0.00 | (0.14) | 0.00 | 2.02 | 5.92 | |||
| CAP | 1.47 | (0.01) | (0.06) | 0.09 | 1.43 | 3.59 | 11.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Empresa Nacional 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?
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Empresa Nacional Corporate Management
Elected by the shareholders, the Empresa Nacional's board of directors comprises two types of representatives: Empresa Nacional inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Empresa. The board's role is to monitor Empresa Nacional's management team and ensure that shareholders' interests are well served. Empresa Nacional'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, Empresa Nacional's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Oscar Villagra | Legal Mang | Profile | |
| Alfredo Donoso | VicePres Operations | Profile | |
| Mario Popper | VP Segment | Profile | |
| Antonio Buc | Chief Officer | Profile | |
| Felipe Prieto | F Exec | Profile | |
| Sebastin Philippi | VP Support | Profile | |
| Manuel Arroyo | Regulatory Exec | Profile |