Triunfo Participaes Correlations

Stocks . Brazil . 
Stock . Triunfo Participaes e
TPIS3 Stock  BRL 6.63  0.04  0.60%   
The current 90-days correlation between Triunfo Participaes and Azevedo Travassos SA is -0.09 (i.e., Good diversification). The correlation of Triunfo Participaes 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.

Triunfo Participaes Correlation With Market

Very poor diversification

The correlation between Triunfo Participaes e and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triunfo Participaes e and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Triunfo Participaes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Triunfo Participaes 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 Triunfo Participaes - 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 Triunfo Participaes e to buy it.

Moving together with Triunfo Stock

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  0.9JNJB34 Johnson JohnsonPairCorr
  0.88TOPP11 Rbr Top OfficesPairCorr
  0.91EUCA4 Eucatex SA IndstriaPairCorr
  0.87MUTC34 Micron TechnologyPairCorr
  0.93C1FG34 Citizens FinancialPairCorr
  0.9CATP34 CaterpillarPairCorr
  0.91ALPA3 Alpargatas SAPairCorr
  0.89OPCT3F OPCT3FPairCorr
  0.83BAZA3 Banco da AmazniaPairCorr
  0.92BRSR6 Banco do EstadoPairCorr
  0.93S1MF34 Sumitomo Mitsui FinancialPairCorr
  0.89A1MT34 Applied MaterialsPairCorr
  0.78CMIG4 Companhia EnergticaPairCorr
  0.69A1SN34 Ascendis Pharma ASPairCorr
  0.78SMTO3F SMTO3FPairCorr
  0.89ABCB4 Banco ABC BrasilPairCorr
  0.71JOPA3 JOSAPAR Joaquim OliveiraPairCorr
  0.85RADL3 Raia Drogasil SA Earnings Call This WeekPairCorr
  0.77BBAS3 Banco do BrasilPairCorr
  0.72LUPA3 Lupatech SAPairCorr

Moving against Triunfo Stock

  0.84MSFT34 MicrosoftPairCorr
  0.64AAPL34 Apple IncPairCorr
  0.6AMZO34 Amazon IncPairCorr
  0.6BERK34 Berkshire HathawayPairCorr
  0.32GOGL35 AlphabetPairCorr
  0.46TF623 TF623PairCorr

Related Correlations Analysis


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

EALT3
+ 0.82
EALT4
INEP3
+ 0.68
EALT4
RCSL4
+ 0.67
EALT4
RCSL3
+ 0.63
AZEV3
AERI3
+ 0.56
AZEV4
INEP3
+ 0.54
AZEV3
  

High negative correlations

EALT4
- 0.89
AERI3
EALT3
- 0.82
AERI3
RCSL4
- 0.72
AZEV4
RCSL4
- 0.63
AERI3
EALT4
- 0.49
AZEV4
INEP3
- 0.41
AERI3

Risk-Adjusted Indicators

There is a big difference between Triunfo Stock performing well and Triunfo Participaes 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 Triunfo Participaes' 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 Triunfo Participaes 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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Triunfo Participaes Corporate Management

Elected by the shareholders, the Triunfo Participaes' board of directors comprises two types of representatives: Triunfo Participaes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Triunfo. The board's role is to monitor Triunfo Participaes' management team and ensure that shareholders' interests are well served. Triunfo Participaes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Triunfo Participaes' outside directors are responsible for providing unbiased perspectives on the board's policies.
Roberto CarvalhoInvestor OfficerProfile
Luiz ManaraInstitutional Relations Officer, Member of the Executive BoardProfile
Dorival JniorDirector BoardProfile
Marcos PereiraAdmin BoardProfile
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