LOG Commercial Correlations

Stocks . Brazil . 
Stock . LOG Commercial Properties
LOGG3 Stock   27.96  0.37  1.34%   
The current 90-days correlation between LOG Commercial Properties and Lavvi Empreendimentos Imobilirios is 0.22 (i.e., Modest diversification). The correlation of LOG Commercial 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.

LOG Commercial Correlation With Market

Very poor diversification

The correlation between LOG Commercial Properties and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOG Commercial Properties and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LOG Commercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LOG Commercial 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 LOG Commercial - 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 LOG Commercial Properties to buy it.

Moving together with LOG Stock

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  0.72MOSC34 MosaicPairCorr
  0.91AURA33 Aura MineralsPairCorr
  0.76PDTC3 Padtec Holding SAPairCorr
  0.61A1KA34 Akamai TechnologiesPairCorr
  0.73N1WG34 NatWest Group plc Earnings Call This WeekPairCorr
  0.64AGRO3 BrasilAgro CompanhiaPairCorr
  0.62MERC4 Mercantil do BrasilPairCorr
  0.8WEGE3 WEG SAPairCorr
  0.89CINF34 Cincinnati FinancialPairCorr
  0.89BMGB4 Banco BMG SA Earnings Call This WeekPairCorr
  0.66ALPK3 Allpark EmpreendimentosPairCorr
  0.63VRTX34 Vertex PharmaceuticalsPairCorr
  0.94BROF11 Brpr Corporate OfficesPairCorr
  0.85TGTB34 TargetPairCorr
  0.68PRNR3 Priner Servios IndusPairCorr
  0.71RCSL4 Recrusul SAPairCorr
  0.84MRSA6B MRS Logstica SAPairCorr
  0.8THGI34 Hanover InsurancePairCorr
  0.73MRSA5B MRS Logstica SAPairCorr
  0.64G2ME34 Globus MedicalPairCorr
  0.78DASA3 Diagnsticos da AmricaPairCorr

Moving against LOG Stock

  0.93SNEC34 Sony Group Earnings Call TomorrowPairCorr
  0.48PQDP11 Parque Dom PedroPairCorr

Related Correlations Analysis


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

JHSF3
+ 0.92
LAVV3
JHSF3
+ 0.91
MTRE3
LAVV3
+ 0.88
TRIS3
JHSF3
+ 0.86
TRIS3
MTRE3
+ 0.85
LAVV3
LAVV3
+ 0.8
MDNE3
  

High negative correlations

JHSF3
- 0.2
SCAR3
SCAR3
- 0.18
SYNE3
EVEN3
- 0.14
MDNE3
SCAR3
- 0.06
MDNE3
MTRE3
- 0.05
SCAR3
SCAR3
- 0.04
LAVV3

Risk-Adjusted Indicators

There is a big difference between LOG Stock performing well and LOG Commercial 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 LOG Commercial'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MDNE3  2.70  0.70  0.22  1.20  2.40 
(2.94)
 5.51 
(4.00)
 38.40 
TRIS3  2.06  0.55  0.17  22.34  2.35 
(2.42)
 5.33 
(4.15)
 16.94 
LAVV3  1.59  0.48  0.21  3.09  1.41 
(1.73)
 3.83 
(2.47)
 10.29 
TEND3  2.37  0.42  0.11  0.68  2.97 
(2.41)
 4.92 
(5.25)
 17.93 
SYNE3  1.75  0.08  0.01  0.24  2.61 
(1.88)
 3.59 
(4.36)
 18.49 
EVEN3  2.05  0.29  0.07  9.33  2.73 
(2.18)
 3.63 
(4.23)
 20.61 
SCAR3  2.96  0.22  0.02  0.47  7.46 
(3.22)
 5.41 
(4.49)
 79.25 
MTRE3  1.50  0.21  0.06  0.98  1.90 
(1.66)
 4.11 
(2.80)
 10.96 
JHSF3  1.60  0.63  0.26 (7.48) 1.62 
(1.84)
 3.30 
(2.80)
 9.27 
LPSB3  3.54  0.65  0.16  1.71  3.16 
(4.45)
 8.33 
(5.39)
 25.16 

Be your own money manager

Our tools can tell you how much better you can do entering a position in LOG Commercial 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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