SDI Properties Correlations

TEPP11 Fund

BRL 83.79 1.15 1.35%

The current 90-days correlation between SDI Properties Fundo and Energisa SA is -0.02 (i.e., Good diversification). The correlation of SDI Properties 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.

SDI Properties Correlation With Market

Good diversification

The correlation between SDI Properties Fundo and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SDI Properties Fundo and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	ENGI11	BTLG11	PLPL3	PGCO34	C1AB34	BEWZ39	B1TI34	SUZB3	R1KU34	BIYE39
ENGI11		0.88	-0.64	-0.2	-0.59	-0.81	0.17	-0.74	-0.54	-0.78	ENGI11
BTLG11	0.88		-0.77	-0.2	-0.36	-0.79	0.21	-0.59	-0.62	-0.56	BTLG11
PLPL3	-0.64	-0.77		0.21	0.18	0.73	-0.34	0.5	0.51	0.45	PLPL3
PGCO34	-0.2	-0.2	0.21		0.54	0.06	0.73	0.38	-0.13	0.46	PGCO34
C1AB34	-0.59	-0.36	0.18	0.54		0.32	0.46	0.76	0.01	0.83	C1AB34
BEWZ39	-0.81	-0.79	0.73	0.06	0.32		-0.42	0.71	0.48	0.52	BEWZ39
B1TI34	0.17	0.21	-0.34	0.73	0.46	-0.42		0.12	-0.49	0.16	B1TI34
SUZB3	-0.74	-0.59	0.5	0.38	0.76	0.71	0.12		0.12	0.79	SUZB3
R1KU34	-0.54	-0.62	0.51	-0.13	0.01	0.48	-0.49	0.12		0.22	R1KU34
BIYE39	-0.78	-0.56	0.45	0.46	0.83	0.52	0.16	0.79	0.22		BIYE39
	ENGI11	BTLG11	PLPL3	PGCO34	C1AB34	BEWZ39	B1TI34	SUZB3	R1KU34	BIYE39

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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

BTLG11	+ 0.88	ENGI11
BIYE39	+ 0.83	C1AB34
BIYE39	+ 0.79	SUZB3
SUZB3	+ 0.76	C1AB34
BEWZ39	+ 0.73	PLPL3
B1TI34	+ 0.73	PGCO34

High negative correlations

BEWZ39	- 0.81	ENGI11
BEWZ39	- 0.79	BTLG11
BIYE39	- 0.78	ENGI11
PLPL3	- 0.77	BTLG11
SUZB3	- 0.74	ENGI11
PLPL3	- 0.64	ENGI11

Risk-Adjusted Indicators

There is a big difference between SDI Fund performing well and SDI Properties 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 SDI Properties' 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
ENGI11	1.00	(0.25)	0.00	(0.85)	0.00	0.00	2.44	(2.29)	6.68
BTLG11	0.52	(0.10)	0.00	(1.46)	0.00	0.00	0.98	(1.29)	4.73
PLPL3	1.76	0.09	0.02	0.29	1.86	(1.97)	3.50	(3.23)	8.69
PGCO34	1.04	0.23	0.08	(0.76)	0.99	(1.19)	2.19	(1.84)	7.52
C1AB34	1.44	0.44	0.10	(0.60)	1.28	(2.51)	4.35	(2.60)	14.25
BEWZ39	0.96	0.08	(0.04)	(0.38)	1.23	(1.00)	2.06	(2.07)	8.19
B1TI34	1.01	0.22	0.06	(0.81)	1.03	(1.21)	2.50	(1.94)	6.07
SUZB3	0.92	0.13	0.00	(0.92)	0.92	(1.04)	2.33	(1.65)	6.36
R1KU34	2.15	0.02	0.00	0.15	3.60	(2.33)	4.26	(5.17)	29.58
BIYE39	0.88	0.22	0.08	(3.87)	0.73	(1.08)	3.09	(1.44)	6.25

Be your own money manager

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