Inepar SA Correlations
| INEP3 Stock | BRL 1.33 0.02 1.48% |
The current 90-days correlation between Inepar SA Indstria and Inepar SA Indstria is 0.6 (i.e., Poor diversification). The correlation of Inepar SA 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.
Inepar SA Correlation With Market
Good diversification
The correlation between Inepar SA Indstria and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inepar SA Indstria and DJI in the same portfolio, assuming nothing else is changed.
Inepar |
The ability to find closely correlated positions to Inepar SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inepar SA 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 Inepar SA - 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 Inepar SA Indstria to buy it.
Moving together with Inepar Stock
| 0.77 | REDE3 | Rede Energia Participaes | PairCorr |
| 0.71 | TRPL3 | CTEEP Companhia | PairCorr |
| 0.8 | NORD3 | Nordon Indstrias Met | PairCorr |
| 0.67 | CEEB5 | Companhiade Eletricidade | PairCorr |
Moving against Inepar Stock
| 0.83 | CEAB3 | CA Modas SA | PairCorr |
| 0.83 | NVDC34 | NVIDIA | PairCorr |
| 0.82 | GEPA3 | Rio Paranapanema Energia | PairCorr |
| 0.77 | CGAS3 | Companhia de Gs | PairCorr |
| 0.62 | BOBR4 | Bombril SA | PairCorr |
| 0.6 | ENMT4 | Energisa Mato Grosso | PairCorr |
| 0.49 | EKTR4 | Elektro Redes SA | PairCorr |
| 0.43 | MMMC34 | 3M Company | PairCorr |
| 0.34 | BRSR5 | Banco do Estado | PairCorr |
Related Correlations Analysis
| 0.52 | -0.89 | 0.94 | 0.94 | INEP4 | ||
| 0.52 | -0.34 | 0.62 | 0.56 | LUPA3 | ||
| -0.89 | -0.34 | -0.88 | -0.9 | TPIS3 | ||
| 0.94 | 0.62 | -0.88 | 0.95 | VIVR3 | ||
| 0.94 | 0.56 | -0.9 | 0.95 | FHER3 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Inepar Stock performing well and Inepar SA 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 Inepar SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INEP4 | 2.04 | (0.80) | 0.00 | (1.01) | 0.00 | 3.03 | 16.78 | |||
| LUPA3 | 1.55 | (0.23) | 0.00 | (0.32) | 0.00 | 3.52 | 17.30 | |||
| TPIS3 | 2.56 | 0.38 | 0.06 | (0.79) | 3.43 | 5.26 | 16.30 | |||
| VIVR3 | 1.90 | (1.00) | 0.00 | (1.03) | 0.00 | 2.08 | 12.89 | |||
| FHER3 | 1.01 | (0.24) | 0.00 | 4.08 | 0.00 | 2.31 | 7.50 |
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Our tools can tell you how much better you can do entering a position in Inepar SA 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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Inepar SA Corporate Executives
Elected by the shareholders, the Inepar SA's board of directors comprises two types of representatives: Inepar SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Inepar. The board's role is to monitor Inepar SA's management team and ensure that shareholders' interests are well served. Inepar SA'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, Inepar SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marco Bernardi | CFO, Chief Administrative Officer, Member of the Executive Board | Profile |