Pettenati Correlations

PTNT4 Preferred Stock  BRL 5.65  0.13  2.25%   
The current 90-days correlation between Pettenati SA Industria and Schulz SA is 0.08 (i.e., Significant diversification). The correlation of Pettenati 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.

Pettenati Correlation With Market

Significant diversification

The correlation between Pettenati SA Industria and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pettenati SA Industria and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pettenati could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pettenati 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 Pettenati - 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 Pettenati SA Industria to buy it.

Moving together with Pettenati Preferred Stock

  0.68ITUB3 Ita Unibanco HoldingPairCorr
  0.71ITUB4 Ita Unibanco HoldingPairCorr

Moving against Pettenati Preferred Stock

  0.84TSMC34 Taiwan SemiconductorPairCorr
  0.72TMCO34 Toyota MotorPairCorr
  0.62SNEC34 Sony GroupPairCorr
  0.6AAPL34 Apple IncPairCorr
  0.45HOND34 Honda MotorPairCorr
  0.45M1UF34 Mitsubishi UFJ FinancialPairCorr

Related Correlations Analysis

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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   
POMO3SHUL4
SGPS3SHUL4
CTNM4SHUL4
CGRA4SGPS3
POMO3SGPS3
CTNM4CGRA4
  
High negative correlations   
CTNM4SGPS3
POMO3CGRA4
CGRA4SHUL4
POMO3CTNM4
CTNM4CGRA4
POMO3SGPS3

Risk-Adjusted Indicators

There is a big difference between Pettenati Preferred Stock performing well and Pettenati 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 Pettenati'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pettenati 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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Pettenati Corporate Management

Elected by the shareholders, the Pettenati's board of directors comprises two types of representatives: Pettenati inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pettenati. The board's role is to monitor Pettenati's management team and ensure that shareholders' interests are well served. Pettenati'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, Pettenati's outside directors are responsible for providing unbiased perspectives on the board's policies.
Carla PettenatiCommercial Officer, Member of the Executive BoardProfile
Carlos ScussiatoPlanning, Logistics and Information Technology Officer, Member of the Executive BoardProfile
Fernanda PettenatiMarketing Officer, Member of the Executive BoardProfile
Claudio RossiChief Administrative Officer, Member of the Executive BoardProfile