Telefnica Brasil Correlations
| VIVT3 Stock | BRL 50.55 1.58 3.03% |
The current 90-days correlation between Telefnica Brasil and Engie Brasil Energia is 0.25 (i.e., Modest diversification). The correlation of Telefnica Brasil 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.
Telefnica Brasil Correlation With Market
Modest diversification
The correlation between Telefnica Brasil SA and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefnica Brasil SA and DJI in the same portfolio, assuming nothing else is changed.
Telefnica |
The ability to find closely correlated positions to Telefnica Brasil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telefnica Brasil 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 Telefnica Brasil - 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 Telefnica Brasil SA to buy it.
Moving together with Telefnica Stock
Moving against Telefnica Stock
| 0.67 | JBSS3F | JBS ON NM | PairCorr |
| 0.64 | D1EX34 | DexCom Inc | PairCorr |
| 0.53 | C1AB34 | Cable One | PairCorr |
| 0.43 | T1MU34 | T Mobile | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Telefnica Stock performing well and Telefnica Brasil 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 Telefnica Brasil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGIE3 | 0.75 | (0.22) | 0.00 | 1.74 | 0.00 | 1.19 | 6.62 | |||
| BBSE3 | 0.60 | (0.08) | 0.00 | 0.94 | 0.00 | 1.36 | 4.75 | |||
| TAEE11 | 0.62 | (0.04) | 0.00 | 0.46 | 0.00 | 1.07 | 3.16 | |||
| TRPL4 | 0.61 | (0.10) | 0.00 | (0.23) | 0.00 | 0.82 | 7.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Telefnica Brasil 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.Did you try this?
Run FinTech Suite Now
FinTech SuiteUse AI to screen and filter profitable investment opportunities |
| All Next | Launch Module |
Telefnica Brasil Corporate Management
Elected by the shareholders, the Telefnica Brasil's board of directors comprises two types of representatives: Telefnica Brasil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telefnica. The board's role is to monitor Telefnica Brasil's management team and ensure that shareholders' interests are well served. Telefnica Brasil'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, Telefnica Brasil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David SanchezFriera | Chief Officer | Profile | |
| Luis Plaster | Investor Director | Profile | |
| Breno Oliveira | General Secretary and Legal Officer | Profile | |
| Christian Gebara | CEO Director | Profile | |
| Paula Mansur | Chief Officer | Profile | |
| Joo Carneiro | Investor Officer | Profile |