Rossi Residencial Correlations
| RSID3 Stock | BRL 3.14 0.16 4.85% |
The current 90-days correlation between Rossi Residencial and PDG Realty SA is 0.21 (i.e., Modest diversification). The correlation of Rossi Residencial 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.
Rossi Residencial Correlation With Market
Significant diversification
The correlation between Rossi Residencial SA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rossi Residencial SA and DJI in the same portfolio, assuming nothing else is changed.
Rossi |
The ability to find closely correlated positions to Rossi Residencial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rossi Residencial 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 Rossi Residencial - 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 Rossi Residencial SA to buy it.
Moving together with Rossi Stock
| 0.88 | HGRE11 | CSHG Real Estate | PairCorr |
| 0.69 | XPBR31 | Xp Inc | PairCorr |
| 0.89 | RRRP3 | 3R Petroleum leo | PairCorr |
| 0.75 | SBSP3 | Companhia de Saneamento | PairCorr |
| 0.8 | ELET6 | Centrais Eltricas | PairCorr |
Moving against Rossi Stock
Related Correlations Analysis
| 0.9 | 0.26 | 0.63 | 0.2 | GFSA3 | ||
| 0.9 | 0.35 | 0.53 | 0.01 | PDGR3 | ||
| 0.26 | 0.35 | 0.43 | 0.33 | CYRE3 | ||
| 0.63 | 0.53 | 0.43 | 0.63 | MRVE3 | ||
| 0.2 | 0.01 | 0.33 | 0.63 | EVEN3 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Rossi Stock performing well and Rossi Residencial 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 Rossi Residencial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GFSA3 | 2.39 | (0.86) | 0.00 | (0.98) | 0.00 | 6.16 | 12.53 | |||
| PDGR3 | 12.40 | (4.32) | 0.00 | (0.49) | 0.00 | 6.25 | 180.00 | |||
| CYRE3 | 1.34 | (0.12) | 0.00 | (0.09) | 0.00 | 3.05 | 9.53 | |||
| MRVE3 | 2.07 | (0.34) | 0.00 | (0.21) | 0.00 | 4.56 | 13.89 | |||
| EVEN3 | 1.73 | (0.15) | 0.00 | (0.37) | 0.00 | 3.22 | 16.37 |
Be your own money manager
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Rossi Residencial Corporate Executives
Elected by the shareholders, the Rossi Residencial's board of directors comprises two types of representatives: Rossi Residencial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rossi. The board's role is to monitor Rossi Residencial's management team and ensure that shareholders' interests are well served. Rossi Residencial'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, Rossi Residencial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Fernando Cunha | CFO, Investor Relations Officer and Member of Board of Executive Officers | Profile |