Usinas Siderurgicas Correlations

USNZY Stock

USD 1.01 0.02 1.94%

The correlation of Usinas Siderurgicas 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 Siderurgicas Correlation With Market

Good diversification

The correlation between Usinas Siderurgicas de and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usinas Siderurgicas de and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Usinas Siderurgicas 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 Siderurgicas 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 Siderurgicas - 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 Siderurgicas de to buy it.

Moving together with Usinas Pink Sheet

0.73	2027	Ta Chen Stainless	Pair Corr
0.75	GGBR4	Gerdau SA	Pair Corr
0.74	GGBR3	Gerdau SA	Pair Corr
0.83	NUE	Nucor Corp Sell-off Trend	Pair Corr
0.8	STLD	Steel Dynamics	Pair Corr
0.8	MT	ArcelorMittal SA ADR Buyout Trend	Pair Corr
0.76	FLYW	Flywire Corp	Pair Corr
0.7	EMR	Emerson Electric	Pair Corr
0.85	FONU	Fonu2 Inc	Pair Corr

Moving against Usinas Pink Sheet

0.8	KULR	KULR Technology Group	Pair Corr
0.68	NUKK	Nukkleus	Pair Corr
0.61	USIO	Usio Inc	Pair Corr
0.45	SAP	SAP SE ADR	Pair Corr
0.43	YY	YY Inc Class	Pair Corr
0.31	CISO	Cerberus Cyber Sentinel	Pair Corr
0.75	CLEU	China Liberal Education	Pair Corr
0.72	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.7	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.68	GOOG	Alphabet Class C	Pair Corr
0.65	NBIS	Nebius Group NV Earnings Call This Week	Pair Corr
0.65	CNTM	ConnectM Technology Symbol Change	Pair Corr
0.6	MVIS	Microvision	Pair Corr
0.59	GLNG	Golar LNG Limited Downward Rally	Pair Corr
0.55	ET	Energy Transfer LP Earnings Call This Week	Pair Corr
0.47	LVMHF	LVMH Mot Hennessy	Pair Corr

Related Correlations Analysis

	TMST	SCHN	ZEUS	MSB	USAP	OUTKY	PKX	GGB	TX	RS
TMST		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TMST
SCHN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SCHN
ZEUS	0.0	0.0		-0.4	0.26	0.87	0.75	0.95	0.88	0.83	ZEUS
MSB	0.0	0.0	-0.4		0.02	-0.36	-0.52	-0.52	-0.56	-0.28	MSB
USAP	0.0	0.0	0.26	0.02		0.56	0.23	0.3	0.41	0.32	USAP
OUTKY	0.0	0.0	0.87	-0.36	0.56		0.74	0.88	0.88	0.8	OUTKY
PKX	0.0	0.0	0.75	-0.52	0.23	0.74		0.78	0.87	0.78	PKX
GGB	0.0	0.0	0.95	-0.52	0.3	0.88	0.78		0.89	0.74	GGB
TX	0.0	0.0	0.88	-0.56	0.41	0.88	0.87	0.89		0.85	TX
RS	0.0	0.0	0.83	-0.28	0.32	0.8	0.78	0.74	0.85		RS
	TMST	SCHN	ZEUS	MSB	USAP	OUTKY	PKX	GGB	TX	RS

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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

GGB	+ 0.95	ZEUS
TX	+ 0.89	GGB
TX	+ 0.88	ZEUS
GGB	+ 0.88	OUTKY
TX	+ 0.88	OUTKY
OUTKY	+ 0.87	ZEUS

High negative correlations

TX	- 0.56	MSB
GGB	- 0.52	MSB
PKX	- 0.52	MSB
MSB	- 0.4	ZEUS
OUTKY	- 0.36	MSB
RS	- 0.28	MSB

Risk-Adjusted Indicators

There is a big difference between Usinas Pink Sheet performing well and Usinas Siderurgicas 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 Siderurgicas' 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
TMST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZEUS	1.90	(0.27)	0.00	(0.24)	0.00	0.00	4.04	(3.71)	10.92
MSB	2.13	0.24	0.07	0.68	2.87	(2.21)	5.88	(5.33)	19.95
USAP	0.24	0.04	0.03	(0.40)	0.18	(0.28)	0.49	(0.52)	1.32
OUTKY	1.64	(0.16)	0.00	(0.32)	0.00	0.00	6.88	(6.21)	15.54
PKX	1.62	(0.53)	0.00	(0.60)	0.00	0.00	3.50	(4.36)	11.89
GGB	1.52	(0.34)	0.00	(0.53)	0.00	0.00	3.53	(4.12)	9.93
TX	1.32	(0.26)	0.00	(3.34)	0.00	0.00	2.94	(3.37)	6.59
RS	1.07	(0.20)	0.00	(0.24)	0.00	0.00	1.55	(2.37)	5.60

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Our tools can tell you how much better you can do entering a position in Usinas Siderurgicas 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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Usinas Siderurgicas Corporate Management

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

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