RAPT3F Correlations

RAPT3F Stock

BRL 6.73 0.02 0.30%

The current 90-days correlation between RAPT3F and Berkshire Hathaway is -0.31 (i.e., Very good diversification). The correlation of RAPT3F 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.

RAPT3F Correlation With Market

Weak diversification

The correlation between RAPT3F and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RAPT3F and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to RAPT3F could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RAPT3F 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 RAPT3F - 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 RAPT3F to buy it.

Moving together with RAPT3F Stock

0.64	ITLC34	Intel	Pair Corr
0.69	LUPA3	Lupatech SA	Pair Corr
0.97	RAPT4	Randon SA Implementos	Pair Corr
0.97	RAPT3	Randon SA Implementos	Pair Corr
0.72	L1HX34	L3Harris Technologies	Pair Corr

Moving against RAPT3F Stock

0.77	BERK34	Berkshire Hathaway	Pair Corr
0.62	ESTR3	Manufatura de Brinquedos	Pair Corr
0.59	AAPL34	Apple Inc	Pair Corr
0.53	MSFT34	Microsoft	Pair Corr
0.53	OSXB3	OSX Brasil SA	Pair Corr
0.53	P2LT34	Palantir Technologies	Pair Corr
0.44	ESTR4	Manufatura de Brinquedos	Pair Corr
0.45	TF623	TF623	Pair Corr
0.34	GSHP3F	GSHP3F	Pair Corr

Related Correlations Analysis

	TSMC34	AAPL34	BABA34	MSFT34	B1SA34	GOGL35	GOGL34	AMZO34	H1SB34	BERK34
TSMC34		-0.65	-0.06	-0.79	0.8	-0.12	0.03	-0.49	0.84	-0.68	TSMC34
AAPL34	-0.65		-0.32	0.55	-0.7	-0.02	-0.04	0.19	-0.59	0.79	AAPL34
BABA34	-0.06	-0.32		0.18	0.18	0.61	0.51	0.46	0.01	-0.3	BABA34
MSFT34	-0.79	0.55	0.18		-0.74	0.36	0.26	0.77	-0.67	0.71	MSFT34
B1SA34	0.8	-0.7	0.18	-0.74		0.07	0.19	-0.33	0.89	-0.76	B1SA34
GOGL35	-0.12	-0.02	0.61	0.36	0.07		0.91	0.79	0.08	0.08	GOGL35
GOGL34	0.03	-0.04	0.51	0.26	0.19	0.91		0.68	0.23	0.01	GOGL34
AMZO34	-0.49	0.19	0.46	0.77	-0.33	0.79	0.68		-0.27	0.37	AMZO34
H1SB34	0.84	-0.59	0.01	-0.67	0.89	0.08	0.23	-0.27		-0.59	H1SB34
BERK34	-0.68	0.79	-0.3	0.71	-0.76	0.08	0.01	0.37	-0.59		BERK34
	TSMC34	AAPL34	BABA34	MSFT34	B1SA34	GOGL35	GOGL34	AMZO34	H1SB34	BERK34

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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

GOGL34	+ 0.91	GOGL35
H1SB34	+ 0.89	B1SA34
H1SB34	+ 0.84	TSMC34
B1SA34	+ 0.8	TSMC34
BERK34	+ 0.79	AAPL34
AMZO34	+ 0.79	GOGL35

High negative correlations

MSFT34	- 0.79	TSMC34
BERK34	- 0.76	B1SA34
B1SA34	- 0.74	MSFT34
B1SA34	- 0.7	AAPL34
BERK34	- 0.68	TSMC34
H1SB34	- 0.67	MSFT34

Risk-Adjusted Indicators

There is a big difference between RAPT3F Stock performing well and RAPT3F 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 RAPT3F'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
TSMC34	1.70	0.37	0.16	0.86	1.53	(1.89)	4.09	(2.92)	10.38
AAPL34	1.16	0.00	0.00	0.13	0.00	0.00	2.78	(2.04)	9.45
BABA34	1.91	(0.19)	0.00	(0.32)	0.00	0.00	4.89	(3.29)	14.44
MSFT34	1.42	(0.35)	0.00	5.73	0.00	0.00	2.36	(3.82)	11.51
B1SA34	1.32	0.21	0.04	(8.74)	1.74	(1.54)	2.70	(2.54)	11.86
GOGL35	1.43	0.03	(0.03)	0.21	1.53	(1.69)	3.14	(3.02)	10.20
GOGL34	1.56	0.07	0.01	0.28	1.70	(1.74)	3.50	(2.87)	10.40
AMZO34	1.51	(0.15)	0.00	8.27	0.00	0.00	3.16	(3.14)	14.54
H1SB34	1.20	0.39	0.21	1.67	1.03	(1.38)	3.65	(1.75)	9.65
BERK34	0.88	(0.04)	0.00	0.33	0.00	0.00	1.96	(1.83)	6.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in RAPT3F 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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