Track Field Correlations

TFCO4 Stock

BRL 15.63 0.03 0.19%

The current 90-days correlation between Track Field and Grupo SBF SA is 0.66 (i.e., Poor diversification). The correlation of Track Field 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.

Track Field Correlation With Market

Very good diversification

The correlation between Track Field Co and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Track Field Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Track Stock

0.78

AMAR3

Marisa Lojas SA

Pair Corr

Moving against Track Stock

0.78	HGBS11	HEDGE Brasil Shopping	Pair Corr
0.77	MRSA5B	MRS Logstica SA	Pair Corr
0.71	COCE5	Companhia Energtica	Pair Corr
0.71	HOOT4	Hotis Othon SA	Pair Corr
0.68	CTKA4	Karsten SA	Pair Corr
0.65	BRKM5	Braskem SA	Pair Corr
0.53	EQPA3	Equatorial Par Distr	Pair Corr
0.52	MBRF11	Fundo De Investimento	Pair Corr
0.47	CARE11	Mxima Renda Corporativa	Pair Corr
0.33	EQTL3	Equatorial Energia	Pair Corr
0.77	CPFE3	CPFL Energia SA	Pair Corr
0.75	RADL3	Raia Drogasil SA Split	Pair Corr
0.74	P1FG34	Principal Financial Earnings Call This Week	Pair Corr
0.73	VALE3	Vale SA	Pair Corr
0.73	ABEV3	Ambev SA	Pair Corr
0.64	A1LL34	Bread Financial Holdings	Pair Corr
0.63	ABCB4	Banco ABC Brasil	Pair Corr
0.63	CGAS5	Companhia de Gs	Pair Corr
0.61	I1AC34	IACInterActiveCorp	Pair Corr
0.33	ANIM3F	ANIM3F	Pair Corr
0.33	TAEE4	Transmissora Aliana	Pair Corr

Related Correlations Analysis

	SBFG3	BHIA3	RANI3	GUAR3	AMAR3	PCAR3	TUPY3	PETZ3	MYPK3	LEVE3
SBFG3		0.15	0.54	0.52	-0.29	0.39	0.5	-0.14	0.17	0.31	SBFG3
BHIA3	0.15		-0.32	0.03	0.58	-0.01	0.47	-0.7	0.46	-0.63	BHIA3
RANI3	0.54	-0.32		0.34	-0.35	0.0	0.2	0.44	0.35	0.35	RANI3
GUAR3	0.52	0.03	0.34		-0.45	0.32	0.36	0.16	0.03	0.43	GUAR3
AMAR3	-0.29	0.58	-0.35	-0.45		-0.42	0.36	-0.64	0.59	-0.93	AMAR3
PCAR3	0.39	-0.01	0.0	0.32	-0.42		-0.07	-0.08	-0.42	0.37	PCAR3
TUPY3	0.5	0.47	0.2	0.36	0.36	-0.07		-0.44	0.67	-0.29	TUPY3
PETZ3	-0.14	-0.7	0.44	0.16	-0.64	-0.08	-0.44		-0.31	0.59	PETZ3
MYPK3	0.17	0.46	0.35	0.03	0.59	-0.42	0.67	-0.31		-0.57	MYPK3
LEVE3	0.31	-0.63	0.35	0.43	-0.93	0.37	-0.29	0.59	-0.57		LEVE3
	SBFG3	BHIA3	RANI3	GUAR3	AMAR3	PCAR3	TUPY3	PETZ3	MYPK3	LEVE3

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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

MYPK3	+ 0.67	TUPY3
MYPK3	+ 0.59	AMAR3
LEVE3	+ 0.59	PETZ3
AMAR3	+ 0.58	BHIA3
RANI3	+ 0.54	SBFG3
GUAR3	+ 0.52	SBFG3

High negative correlations

LEVE3	- 0.93	AMAR3
PETZ3	- 0.7	BHIA3
PETZ3	- 0.64	AMAR3
LEVE3	- 0.63	BHIA3
LEVE3	- 0.57	MYPK3
AMAR3	- 0.45	GUAR3

Risk-Adjusted Indicators

There is a big difference between Track Stock performing well and Track Field 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 Track Field'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
SBFG3	2.16	0.24	0.08	0.40	2.85	(2.30)	3.75	(4.22)	14.14
BHIA3	2.68	(0.20)	0.00	(0.37)	0.00	0.00	4.40	(4.72)	31.55
RANI3	0.96	0.11	0.06	1.00	1.08	(1.08)	2.29	(1.85)	5.97
GUAR3	2.83	0.41	0.06	(3.48)	5.42	(2.93)	6.58	(4.23)	40.50
AMAR3	1.14	(0.31)	0.00	(1.00)	0.00	0.00	1.94	(2.52)	7.15
PCAR3	1.89	0.14	0.05	1.85	2.15	(2.10)	4.21	(4.01)	10.69
TUPY3	1.62	0.07	0.01	1.10	2.09	(1.70)	3.38	(3.30)	12.73
PETZ3	1.62	0.27	0.07	(0.42)	2.58	(1.88)	4.50	(3.44)	19.73
MYPK3	1.15	0.01	(0.02)	0.10	1.40	(1.29)	2.19	(2.77)	6.22
LEVE3	1.37	0.35	0.18	(0.96)	1.37	(1.58)	3.53	(2.42)	11.76

Be your own money manager

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

Elected by the shareholders, the Track Field's board of directors comprises two types of representatives: Track Field inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Track. The board's role is to monitor Track Field's management team and ensure that shareholders' interests are well served. Track Field'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, Track Field's outside directors are responsible for providing unbiased perspectives on the board's policies.

Frederico Wagner	Marketing CEO	Profile
Fernando Tracanella	Chief Officers	Profile
Luiz Junior	Digital Officers	Profile
Marcelo Toledo	COO Officers	Profile
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