GPS Participaes Correlations

GGPS3 Stock

13.84 0.09 0.65%

The current 90-days correlation between GPS Participaes e and Taiwan Semiconductor Manufacturing is -0.2 (i.e., Good diversification). The correlation of GPS Participaes 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.

GPS Participaes Correlation With Market

Average diversification

The correlation between GPS Participaes e and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GPS Participaes e and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GPS Stock

0.74

CXRI11

CXFI Caixa

Pair Corr

Moving against GPS Stock

0.96	H1SB34	HSBC Holdings plc	Pair Corr
0.95	GOGL34	Alphabet	Pair Corr
0.94	GOGL35	Alphabet	Pair Corr
0.89	AMZO34	Amazon Inc	Pair Corr
0.89	TMCO34	Toyota Motor	Pair Corr
0.88	M1CB34	Molson Coors Beverage	Pair Corr
0.86	TSMC34	Taiwan Semiconductor	Pair Corr
0.85	SNEC34	Sony Group	Pair Corr
0.81	AAPL34	Apple Inc	Pair Corr
0.81	S1MF34	Sumitomo Mitsui Financial	Pair Corr
0.78	MSFT34	Microsoft	Pair Corr
0.72	CEDO3	Companhia de Fiacao	Pair Corr
0.62	NOKI34	Nokia Oyj	Pair Corr
0.61	RNDP11	BB Renda de	Pair Corr
0.6	BERK34	Berkshire Hathaway	Pair Corr
0.89	B1RF34	Broadridge Financial	Pair Corr
0.84	A1SN34	Ascendis Pharma AS	Pair Corr
0.84	A1AP34	Advance Auto Parts	Pair Corr
0.83	U1AL34	United Airlines Holdings	Pair Corr
0.82	SUZB3	Suzano SA	Pair Corr
0.8	MRFG3	Marfrig Global Foods	Pair Corr
0.75	EQIX34	Equinix	Pair Corr
0.71	SSFO34	salesforce inc	Pair Corr
0.7	Z1OM34	Zoom Video Communications	Pair Corr
0.66	PETR4	Petrleo Brasileiro	Pair Corr
0.65	H2TA34	Healthcare Realty Trust	Pair Corr
0.65	PETR3	Petrleo Brasileiro	Pair Corr
0.64	ASML34	ASML Holding NV	Pair Corr
0.64	FHER3	Fertilizantes Heringer	Pair Corr
0.64	R1KU34	Roku Inc	Pair Corr
0.63	A1IV34	Apartment Investment and	Pair Corr
0.58	P1YC34	Paycom Software	Pair Corr
0.57	H1DB34	HDFC Bank Limited	Pair Corr

Related Correlations Analysis

	TSMC34	AAPL34	BABA34	MSFT34	B1SA34	GOGL35	GOGL34	AMZO34	H1SB34	BERK34
TSMC34		0.75	-0.46	0.74	0.39	0.83	0.86	0.79	0.84	0.49	TSMC34
AAPL34	0.75		-0.46	0.94	0.46	0.84	0.85	0.89	0.84	0.73	AAPL34
BABA34	-0.46	-0.46		-0.48	0.15	-0.58	-0.56	-0.64	-0.66	-0.7	BABA34
MSFT34	0.74	0.94	-0.48		0.49	0.83	0.85	0.91	0.84	0.74	MSFT34
B1SA34	0.39	0.46	0.15	0.49		0.24	0.3	0.25	0.21	0.06	B1SA34
GOGL35	0.83	0.84	-0.58	0.83	0.24		0.98	0.94	0.93	0.61	GOGL35
GOGL34	0.86	0.85	-0.56	0.85	0.3	0.98		0.94	0.95	0.61	GOGL34
AMZO34	0.79	0.89	-0.64	0.91	0.25	0.94	0.94		0.95	0.77	AMZO34
H1SB34	0.84	0.84	-0.66	0.84	0.21	0.93	0.95	0.95		0.73	H1SB34
BERK34	0.49	0.73	-0.7	0.74	0.06	0.61	0.61	0.77	0.73		BERK34
	TSMC34	AAPL34	BABA34	MSFT34	B1SA34	GOGL35	GOGL34	AMZO34	H1SB34	BERK34

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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

GOGL34	+ 0.98	GOGL35
H1SB34	+ 0.95	GOGL34
H1SB34	+ 0.95	AMZO34
MSFT34	+ 0.94	AAPL34
AMZO34	+ 0.94	GOGL35
AMZO34	+ 0.94	GOGL34

High negative correlations

BERK34	- 0.7	BABA34
H1SB34	- 0.66	BABA34
AMZO34	- 0.64	BABA34
GOGL35	- 0.58	BABA34
GOGL34	- 0.56	BABA34
MSFT34	- 0.48	BABA34

Risk-Adjusted Indicators

There is a big difference between GPS Stock performing well and GPS Participaes 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 GPS Participaes' 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
TSMC34	2.09	0.34	0.15	1.33	1.94	(2.50)	6.04	(3.58)	15.94
AAPL34	1.15	0.13	0.06	(2.64)	1.48	(1.11)	2.24	(2.74)	6.24
BABA34	1.88	(0.23)	0.00	1.51	0.00	0.00	4.39	(3.29)	10.60
MSFT34	1.12	0.18	0.09	(3.83)	1.51	(1.18)	2.55	(2.46)	8.17
B1SA34	1.02	0.06	0.03	2.42	1.03	(1.23)	2.18	(1.66)	4.61
GOGL35	1.56	0.43	0.24	(1.62)	1.46	(1.86)	3.91	(2.04)	8.33
GOGL34	1.69	0.42	0.21	(1.86)	1.61	(2.05)	4.66	(2.83)	10.24
AMZO34	1.40	0.42	0.24	(12.04)	1.38	(1.64)	3.42	(2.32)	9.12
H1SB34	1.02	0.35	0.24	4.28	1.07	(1.18)	2.38	(1.99)	7.71
BERK34	0.96	0.16	0.11	0.40	1.15	(0.96)	1.88	(1.80)	7.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in GPS Participaes 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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GPS Participaes Corporate Management

Elected by the shareholders, the GPS Participaes' board of directors comprises two types of representatives: GPS Participaes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GPS. The board's role is to monitor GPS Participaes' management team and ensure that shareholders' interests are well served. GPS Participaes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GPS Participaes' outside directors are responsible for providing unbiased perspectives on the board's policies.

Marcelo Hampshire	Chief Officer	Profile
Anderson Silva	Controllership Officer	Profile
Claudio Petruz	Chief Officer	Profile
Gustavo Otto	Chief Officer	Profile
Maria Bernhoeft	Investor Officer	Profile
Luis Romero	Chief Officer	Profile
Guilherme Robortella	Chief Officer	Profile

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