General Shopping Correlations

GSHP3 Stock

BRL 3.06 0.00 0.00%

The correlation of General Shopping 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.

General Shopping Correlation With Market

Weak diversification

The correlation between General Shopping e and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Shopping e and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against General Stock

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0.37	RCSL4	Recrusul SA	Pair Corr
0.36	FESA4F	FESA4F	Pair Corr
0.41	BMOB3	Bemobi Mobile Tech	Pair Corr
0.37	CLXC34	Clorox	Pair Corr
0.35	VBBR3F	VBBR3F Earnings Call This Week	Pair Corr
0.34	RECV3	Petroreconcavo SA	Pair Corr
0.34	B3SA3	B3 SA	Pair Corr

Related Correlations Analysis

	MTRE3	SYNE3	HBTS5	LPSB3	JFEN3	TCSA3	TRIS3	PDGR3	SCAR3
MTRE3		0.35	0.28	0.25	-0.56	0.69	0.85	0.63	-0.05	MTRE3
SYNE3	0.35		-0.39	0.53	-0.46	-0.08	0.51	0.06	-0.18	SYNE3
HBTS5	0.28	-0.39		-0.32	0.3	0.73	0.14	0.56	0.27	HBTS5
LPSB3	0.25	0.53	-0.32		-0.32	-0.04	0.54	-0.18	0.1	LPSB3
JFEN3	-0.56	-0.46	0.3	-0.32		-0.02	-0.53	-0.08	0.49	JFEN3
TCSA3	0.69	-0.08	0.73	-0.04	-0.02		0.62	0.67	0.28	TCSA3
TRIS3	0.85	0.51	0.14	0.54	-0.53	0.62		0.4	0.01	TRIS3
PDGR3	0.63	0.06	0.56	-0.18	-0.08	0.67	0.4		0.0	PDGR3
SCAR3	-0.05	-0.18	0.27	0.1	0.49	0.28	0.01	0.0		SCAR3
	MTRE3	SYNE3	HBTS5	LPSB3	JFEN3	TCSA3	TRIS3	PDGR3	SCAR3

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

TRIS3	+ 0.85	MTRE3
TCSA3	+ 0.73	HBTS5
TCSA3	+ 0.69	MTRE3
PDGR3	+ 0.67	TCSA3
PDGR3	+ 0.63	MTRE3
TRIS3	+ 0.62	TCSA3

High negative correlations

JFEN3	- 0.56	MTRE3
TRIS3	- 0.53	JFEN3
JFEN3	- 0.46	SYNE3
HBTS5	- 0.39	SYNE3
JFEN3	- 0.32	LPSB3
LPSB3	- 0.32	HBTS5

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Shopping 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 General Shopping'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
MTRE3	1.54	0.29	0.11	(1.71)	1.67	(1.70)	4.11	(2.70)	10.96
SYNE3	1.78	0.06	0.01	0.19	2.61	(1.92)	3.59	(4.36)	18.49
HBTS5	0.91	0.25	0.00	0.74	0.00	0.00	3.04	(1.28)	13.89
LPSB3	3.54	0.71	0.18	(1.19)	3.12	(4.45)	8.33	(5.39)	25.16
JFEN3	2.90	(0.44)	0.00	1.81	0.00	0.00	6.09	(7.14)	26.18
TCSA3	2.41	0.30	0.09	(3.41)	2.51	(3.15)	8.46	(5.51)	17.75
TRIS3	2.04	0.63	0.20	(1.28)	2.37	(2.36)	5.33	(4.15)	16.94
PDGR3	7.49	2.61	0.45	0.99	4.07	(10.48)	30.07	(9.09)	92.53
SCAR3	2.97	0.31	0.03	(0.43)	7.36	(3.33)	5.41	(4.49)	79.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in General Shopping 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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General Shopping Corporate Executives

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

Francisco Ritondaro

CFO, Member of the Executive Board

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