Log In Correlations

LOGN3 Stock

BRL 31.99 0.04 0.13%

The current 90-days correlation between Log In Logstica and Vamos Locao de is 0.08 (i.e., Significant diversification). The correlation of Log In 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 In Correlation With Market

Very good diversification

The correlation between Log In Logstica Intermodal and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Log In Logstica Intermodal and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Log In 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 In 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 In - 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 In Logstica Intermodal to buy it.

Moving against Log Stock

0.64	CARE11	Mxima Renda Corporativa	Pair Corr
0.47	BCPX39	Global X Funds Split	Pair Corr
0.36	HGBS11	HEDGE Brasil Shopping	Pair Corr

Related Correlations Analysis

	VAMO3	MILS3	MOVI3	SIMH3	TGMA3	IGTI3	RAPT3	RAPT4	ARML3	LUXM4
VAMO3		0.59	0.94	0.88	0.76	0.79	0.69	0.68	0.75	-0.28	VAMO3
MILS3	0.59		0.61	0.4	0.6	0.72	0.38	0.28	0.61	0.13	MILS3
MOVI3	0.94	0.61		0.91	0.87	0.72	0.56	0.54	0.77	-0.22	MOVI3
SIMH3	0.88	0.4	0.91		0.75	0.58	0.65	0.64	0.66	-0.18	SIMH3
TGMA3	0.76	0.6	0.87	0.75		0.62	0.36	0.33	0.72	-0.33	TGMA3
IGTI3	0.79	0.72	0.72	0.58	0.62		0.7	0.64	0.68	-0.14	IGTI3
RAPT3	0.69	0.38	0.56	0.65	0.36	0.7		0.92	0.58	-0.02	RAPT3
RAPT4	0.68	0.28	0.54	0.64	0.33	0.64	0.92		0.61	-0.07	RAPT4
ARML3	0.75	0.61	0.77	0.66	0.72	0.68	0.58	0.61		-0.23	ARML3
LUXM4	-0.28	0.13	-0.22	-0.18	-0.33	-0.14	-0.02	-0.07	-0.23		LUXM4
	VAMO3	MILS3	MOVI3	SIMH3	TGMA3	IGTI3	RAPT3	RAPT4	ARML3	LUXM4

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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

MOVI3	+ 0.94	VAMO3
RAPT4	+ 0.92	RAPT3
SIMH3	+ 0.91	MOVI3
SIMH3	+ 0.88	VAMO3
TGMA3	+ 0.87	MOVI3
IGTI3	+ 0.79	VAMO3

High negative correlations

LUXM4	- 0.33	TGMA3
LUXM4	- 0.28	VAMO3
LUXM4	- 0.23	ARML3
LUXM4	- 0.22	MOVI3
LUXM4	- 0.18	SIMH3
LUXM4	- 0.14	IGTI3

Risk-Adjusted Indicators

There is a big difference between Log Stock performing well and Log In 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 In'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
VAMO3	2.75	0.47	0.12	1.62	2.98	(3.46)	7.37	(5.26)	17.27
MILS3	1.20	0.38	0.19	4.04	1.13	(1.41)	2.89	(1.70)	7.99
MOVI3	3.06	0.66	0.15	1.69	3.62	(3.57)	7.64	(5.41)	21.25
SIMH3	2.75	0.53	0.12	0.87	3.33	(2.96)	6.03	(6.69)	22.07
TGMA3	1.12	0.16	0.03	(1.75)	1.45	(1.09)	2.26	(2.19)	10.61
IGTI3	1.78	0.15	0.03	0.96	2.55	(1.85)	4.05	(3.62)	14.07
RAPT3	1.89	0.01	(0.02)	0.12	2.35	(2.02)	3.16	(2.69)	12.35
RAPT4	2.02	0.05	(0.01)	0.38	2.79	(2.01)	3.85	(4.19)	13.30
ARML3	2.09	0.31	0.09	0.82	2.50	(2.35)	4.85	(5.58)	15.17
LUXM4	2.41	0.44	0.12	(25.43)	2.34	(3.50)	7.66	(5.01)	15.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Log In 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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