Even Construtora Correlations
| EVEN3 Stock | BRL 6.19 0.07 1.12% |
The current 90-days correlation between Even Construtora e and Engie Brasil Energia is 0.3 (i.e., Weak diversification). The correlation of Even 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.
Even Construtora Correlation With Market
Average diversification
The correlation between Even Construtora e and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Even Construtora e and DJI in the same portfolio, assuming nothing else is changed.
Even |
The ability to find closely correlated positions to Even 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 Even 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 Even 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 Even Construtora e to buy it.
Moving against Even Stock
Related Correlations Analysis
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Even Construtora Corporate Management
Elected by the shareholders, the Even Construtora's board of directors comprises two types of representatives: Even Construtora inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Even. The board's role is to monitor Even Construtora's management team and ensure that shareholders' interests are well served. Even Construtora'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, Even Construtora's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eduardo Cytrynowicz | HR Director | Profile | |
| Marcelo Dzik | Chief Board | Profile | |
| Fabio Terepins | Ex Director | Profile | |
| Marcelo Morais | COO Board | Profile | |
| Meyer Cohen | Ex Director | Profile | |
| Daniel Matone | Investor CFO | Profile |