RAMA FIC Correlations

OGIN11 Fund

8.22 0.01 0.12%

The current 90-days correlation between RAMA FIC DE and EXES FUNDO DE is -0.01 (i.e., Good diversification). The correlation of RAMA FIC 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.

RAMA FIC Correlation With Market

Poor diversification

The correlation between RAMA FIC DE and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RAMA FIC DE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RAMA Fund

0.77	OIAG11	Ourinvest Innovation	Pair Corr
0.84	ISTT11	Itau Isento Setembro	Pair Corr
0.81	RPRI11	RBR PREMIUM RECEBVEIS	Pair Corr
0.86	VTPL11	Fundo De Investimento	Pair Corr
0.78	BTWR11	Btowers Fundo Invest	Pair Corr
0.83	HGPO11	Cshg Jhsf Prime	Pair Corr
0.85	IAGR11	SFI INVESTIMENTOS	Pair Corr
0.91	BTHF11	Btg Pactual Real	Pair Corr
0.79	KORE11	Kinea Oportunidades Real	Pair Corr
0.75	JURO11	SPARTA INFRA FIC	Pair Corr
0.87	RINV11	REAL INVESTOR FUNDO	Pair Corr
0.9	KNCA11	KINEA CRDITO AGRO	Pair Corr

Related Correlations Analysis

	BBFO11	VRTA11	KNHF11	IFRI11	PATL11	BIME11	EXES11
BBFO11		0.75	0.93	0.86	0.0	0.87	0.9	BBFO11
VRTA11	0.75		0.85	0.9	0.0	0.58	0.77	VRTA11
KNHF11	0.93	0.85		0.95	0.0	0.84	0.88	KNHF11
IFRI11	0.86	0.9	0.95		0.0	0.73	0.84	IFRI11
PATL11	0.0	0.0	0.0	0.0		0.0	0.0	PATL11
BIME11	0.87	0.58	0.84	0.73	0.0		0.79	BIME11
EXES11	0.9	0.77	0.88	0.84	0.0	0.79		EXES11
	BBFO11	VRTA11	KNHF11	IFRI11	PATL11	BIME11	EXES11

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

IFRI11	+ 0.95	KNHF11
KNHF11	+ 0.93	BBFO11
EXES11	+ 0.9	BBFO11
IFRI11	+ 0.9	VRTA11
EXES11	+ 0.88	KNHF11
BIME11	+ 0.87	BBFO11

High negative correlations

EXES11	- 0.0	PATL11
BIME11	- 0.0	PATL11
PATL11	- 0.0	IFRI11
PATL11	- 0.0	KNHF11
PATL11	- 0.0	VRTA11
PATL11	- 0.0	BBFO11

Risk-Adjusted Indicators

There is a big difference between RAMA Fund performing well and RAMA FIC Fund 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 RAMA FIC'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
BBFO11	0.64	0.29	0.29	2.58	0.18	(0.74)	1.60	(0.88)	3.75
VRTA11	0.48	0.12	0.05	(0.47)	0.54	(0.54)	1.39	(0.82)	4.34
KNHF11	0.40	0.14	0.15	75.55	0.07	(0.49)	1.01	(0.53)	3.03
IFRI11	0.58	0.11	0.06	10.81	0.49	(0.66)	1.62	(1.13)	3.10
PATL11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIME11	1.05	0.06	0.00	0.68	1.34	(1.15)	2.39	(2.48)	5.07
EXES11	0.27	0.04	(0.07)	0.98	0.25	(0.38)	0.77	(0.77)	2.63

RAMA FIC Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with RAMA FIC fund to make a market-neutral strategy. Peer analysis of RAMA FIC could also be used in its relative valuation, which is a method of valuing RAMA FIC by comparing valuation metrics with similar companies.

BB Fundos De Fator Verit Fundo Kinea Hedge Fund Itau Fundo De Patria Logistica Fundo Brio Multiestrategi Fundo EXES FUNDO DE American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

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