Minerva SA Correlations
| MRVSY Stock | USD 3.91 0.15 3.69% |
The current 90-days correlation between Minerva SA and Avi Ltd ADR is -0.2 (i.e., Good diversification). The correlation of Minerva 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.
Minerva SA Correlation With Market
Average diversification
The correlation between Minerva SA and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Minerva SA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Minerva 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 Minerva 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 Minerva 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 Minerva SA to buy it.
Moving together with Minerva Pink Sheet
| 0.77 | ADM | Archer Daniels Midland | PairCorr |
| 0.8 | BG | Bunge Limited | PairCorr |
| 0.72 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Minerva Pink Sheet
| 0.73 | FDS | FactSet Research Systems | PairCorr |
| 0.71 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.45 | GARPF | Golden Agri Resources | PairCorr |
| 0.36 | MHGVY | Mowi ASA ADR | PairCorr |
| 0.36 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.8 | T | ATT Inc Aggressive Push | PairCorr |
| 0.77 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.7 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.68 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.58 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.56 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.55 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.54 | HPQ | HP Inc | PairCorr |
| 0.36 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.0 | -0.6 | 0.64 | -0.26 | ARRT | ||
| 0.0 | 0.0 | 0.0 | 0.0 | AVOZ | ||
| -0.6 | 0.0 | -0.84 | 0.25 | AVSFY | ||
| 0.64 | 0.0 | -0.84 | -0.41 | ARZTY | ||
| -0.26 | 0.0 | 0.25 | -0.41 | BDPT | ||
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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 Minerva Pink Sheet performing well and Minerva 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 Minerva 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARRT | 5.16 | 0.31 | 0.00 | (0.03) | 6.79 | 0.00 | 115.67 | |||
| AVOZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVSFY | 1.85 | 0.49 | 0.00 | (5.97) | 0.00 | 1.50 | 54.86 | |||
| ARZTY | 0.63 | (0.26) | 0.00 | (0.71) | 0.00 | 0.00 | 14.15 | |||
| BDPT | 593.78 | 294.21 | 10.52 | 3.21 | 31.65 | 60.00 | 19,950 |
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Our tools can tell you how much better you can do entering a position in Minerva 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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Minerva SA Corporate Management
| Gustavo Kahl | Country Argentina | Profile | |
| Edison Filho | Chief Officer | Profile | |
| Taciano Custodio | Sustainability Management | Profile | |
| Iain Mars | CCO | Profile | |
| Frederico Queiroz | Member of the Executive Board | Profile |