WEG SA Correlations

WEGZY Stock

USD 9.31 0.05 0.54%

The current 90-days correlation between WEG SA ADR and Fanuc is -0.08 (i.e., Good diversification). The correlation of WEG SA 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.

WEG SA Correlation With Market

Average diversification

The correlation between WEG SA ADR and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WEG SA ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with WEG Pink Sheet

0.61

SBGSF

Schneider Electric

Pair Corr

Moving against WEG Pink Sheet

0.43	DXYZ	Destiny Tech100	Pair Corr
0.42	RCAT	Red Cat Holdings Trending	Pair Corr
0.39	GM	General Motors Aggressive Push	Pair Corr
0.36	SNOW	Snowflake Trending	Pair Corr
0.33	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.32	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.31	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	BURU	SHPW	PYR	SIEGY	AOS	CR	IVAC	HI	FLS	GRC
BURU		0.41	0.41	-0.26	0.26	-0.35	0.52	0.12	-0.29	-0.22	BURU
SHPW	0.41		0.12	0.03	0.09	0.16	0.02	-0.26	0.38	0.14	SHPW
PYR	0.41	0.12		-0.34	0.31	-0.41	0.54	-0.24	-0.24	-0.28	PYR
SIEGY	-0.26	0.03	-0.34		-0.55	0.58	-0.5	0.4	0.61	0.56	SIEGY
AOS	0.26	0.09	0.31	-0.55		-0.49	0.56	-0.48	-0.46	-0.34	AOS
CR	-0.35	0.16	-0.41	0.58	-0.49		-0.71	0.55	0.9	0.92	CR
IVAC	0.52	0.02	0.54	-0.5	0.56	-0.71		-0.4	-0.61	-0.57	IVAC
HI	0.12	-0.26	-0.24	0.4	-0.48	0.55	-0.4		0.37	0.61	HI
FLS	-0.29	0.38	-0.24	0.61	-0.46	0.9	-0.61	0.37		0.83	FLS
GRC	-0.22	0.14	-0.28	0.56	-0.34	0.92	-0.57	0.61	0.83		GRC
	BURU	SHPW	PYR	SIEGY	AOS	CR	IVAC	HI	FLS	GRC

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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

GRC	+ 0.92	CR
FLS	+ 0.9	CR
GRC	+ 0.83	FLS
FLS	+ 0.61	SIEGY
GRC	+ 0.61	HI
CR	+ 0.58	SIEGY

High negative correlations

IVAC	- 0.71	CR
FLS	- 0.61	IVAC
GRC	- 0.57	IVAC
AOS	- 0.55	SIEGY
IVAC	- 0.5	SIEGY
CR	- 0.49	AOS

Risk-Adjusted Indicators

There is a big difference between WEG Pink Sheet performing well and WEG SA 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 WEG SA'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
BURU	9.72	(0.61)	0.00	(0.10)	0.00	0.00	16.83	(18.87)	158.08
SHPW	34.58	14.30	0.00	4.53	0.00	0.00	100.00	(50.00)	980.00
PYR	2.44	(0.19)	0.00	(1.25)	0.00	0.00	3.03	(5.41)	40.20
SIEGY	1.29	0.48	0.27	2.41	0.97	(1.52)	3.53	(1.58)	10.83
AOS	1.11	(0.23)	0.00	(0.20)	0.00	0.00	2.11	(2.61)	10.28
CR	1.45	0.16	0.10	0.25	1.69	(1.72)	3.45	(2.72)	9.45
IVAC	1.94	(0.55)	0.00	(0.33)	0.00	0.00	3.96	(2.98)	27.33
HI	2.34	(0.19)	(0.01)	0.04	2.57	(2.77)	3.79	(4.06)	14.46
FLS	1.39	0.17	0.16	0.22	1.21	(1.55)	3.04	(2.22)	10.24
GRC	1.34	(0.05)	0.04	0.09	1.50	(1.49)	2.41	(2.42)	11.59

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Our tools can tell you how much better you can do entering a position in WEG SA 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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WEG SA Corporate Management

Hilton Faria	Chief Human Resources Officer, Member of the Executive Board	Profile
Alberto Kuba	Chief Board	Profile
Joo Silva	COO Board	Profile
Andre Salgueiro	Fin Board	Profile

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