Usinas Siderrgicas Correlations
| USIM3 Stock | BRL 5.44 0.11 1.98% |
The current 90-days correlation between Usinas Siderrgicas and Usinas Siderrgicas de is 0.91 (i.e., Almost no diversification). The correlation of Usinas Siderrgicas 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.
Usinas Siderrgicas Correlation With Market
Modest diversification
The correlation between Usinas Siderrgicas de and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usinas Siderrgicas de and DJI in the same portfolio, assuming nothing else is changed.
Usinas |
The ability to find closely correlated positions to Usinas Siderrgicas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Usinas Siderrgicas 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 Usinas Siderrgicas - 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 Usinas Siderrgicas de to buy it.
Moving together with Usinas Stock
| 0.64 | ARMT34 | ArcelorMittal SA | PairCorr |
| 0.96 | CSNA3 | Companhia Siderrgica | PairCorr |
| 0.74 | GOAU4 | Metalurgica Gerdau | PairCorr |
| 0.74 | GOAU3 | Metalurgica Gerdau | PairCorr |
| 0.61 | OSXB3 | OSX Brasil SA | PairCorr |
Moving against Usinas Stock
| 0.57 | SNEC34 | Sony Group | PairCorr |
| 0.42 | FESA4 | Cia de Ferro | PairCorr |
| 0.37 | FESA3 | Cia de Ferro | PairCorr |
| 0.36 | P2LT34 | Palantir Technologies | PairCorr |
Related Correlations Analysis
| 0.96 | 0.89 | 0.82 | 0.73 | USIM5 | ||
| 0.96 | 0.95 | 0.9 | 0.84 | CSNA3 | ||
| 0.89 | 0.95 | 0.98 | 0.92 | GGBR3 | ||
| 0.82 | 0.9 | 0.98 | 0.94 | GGBR4 | ||
| 0.73 | 0.84 | 0.92 | 0.94 | GOAU4 | ||
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Risk-Adjusted Indicators
There is a big difference between Usinas Stock performing well and Usinas Siderrgicas 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 Usinas Siderrgicas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USIM5 | 1.90 | (0.35) | 0.00 | (0.43) | 0.00 | 4.95 | 8.89 | |||
| CSNA3 | 2.70 | (0.44) | 0.00 | (0.40) | 0.00 | 6.41 | 19.31 | |||
| GGBR3 | 1.65 | (0.20) | 0.00 | (0.55) | 0.00 | 2.71 | 14.10 | |||
| GGBR4 | 1.56 | (0.08) | 0.00 | (0.18) | 0.00 | 3.40 | 13.36 | |||
| GOAU4 | 1.52 | (0.06) | 0.00 | (0.17) | 0.00 | 2.94 | 14.19 |
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Usinas Siderrgicas Corporate Management
Elected by the shareholders, the Usinas Siderrgicas' board of directors comprises two types of representatives: Usinas Siderrgicas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Usinas. The board's role is to monitor Usinas Siderrgicas' management team and ensure that shareholders' interests are well served. Usinas Siderrgicas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Usinas Siderrgicas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Julio Arroyo | Controller | Profile | |
| Thiago Rodrigues | IRO, CFO | Profile | |
| Americo Neto | VP Board | Profile | |
| Alberto Ono | CEO Board | Profile | |
| Miguel Camejo | VP Board | Profile | |
| Toshihiro Miyakoshi | VP Board | Profile | |
| Carlos Rezzonico | Chief Usiminas | Profile |