WLM Participaes Correlations

WLMM4 Preferred Stock

BRL 21.65 0.30 1.41%

The current 90-days correlation between WLM Participaes e and Grazziotin SA is -0.06 (i.e., Good diversification). The correlation of WLM 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.

WLM Participaes Correlation With Market

Poor diversification

The correlation between WLM Participaes e and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WLM Participaes e and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WLM 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 WLM 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 WLM 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 WLM Participaes e to buy it.

Moving together with WLM Preferred Stock

0.78	GOGL34	Alphabet Earnings Call Today	Pair Corr
0.83	GOGL35	Alphabet Earnings Call Today	Pair Corr
0.83	JNJB34	Johnson Johnson	Pair Corr
0.84	CXSE3	Caixa Seguridade Par	Pair Corr
0.78	F1LS34	Flowserve	Pair Corr
0.81	M1NS34	Monster Beverage	Pair Corr
0.76	ITUB4	Ita Unibanco Holding Earnings Call Today	Pair Corr
0.85	USIM5	Usinas Siderrgicas	Pair Corr
0.85	Z1TO34	ZTO Express	Pair Corr
0.89	V1OD34	Vodafone Group Public	Pair Corr
0.73	EUCA4	Eucatex SA Indstria	Pair Corr
0.84	RCSL4	Recrusul SA	Pair Corr
0.68	G1SK34	GSK plc Earnings Call Tomorrow	Pair Corr
0.76	EQPA3	Equatorial Par Distr	Pair Corr
0.73	ENEV3	Eneva SA	Pair Corr
0.85	A1DI34	Analog Devices	Pair Corr
0.65	SMTO3	So Martinho SA Earnings Call This Week	Pair Corr
0.77	H1II34	Huntington Ingalls Earnings Call This Week	Pair Corr

Moving against WLM Preferred Stock

0.68	MSFT34	Microsoft	Pair Corr
0.59	WLMM3	WLM Participaes e	Pair Corr
0.43	AAPL34	Apple Inc	Pair Corr

Related Correlations Analysis

	CGRA3	CGRA4	AMOB3	AMAR3	SHUL4	CAMB3	RSUL4	CVCB3	PTNT4	LJQQ3
CGRA3		0.51	-0.1	-0.35	0.39	0.1	-0.21	0.38	0.2	0.05	CGRA3
CGRA4	0.51		0.24	-0.61	0.87	0.43	-0.43	0.85	0.43	0.4	CGRA4
AMOB3	-0.1	0.24		-0.14	0.46	0.3	-0.01	0.4	0.23	0.64	AMOB3
AMAR3	-0.35	-0.61	-0.14		-0.71	-0.65	0.3	-0.55	-0.29	-0.47	AMAR3
SHUL4	0.39	0.87	0.46	-0.71		0.54	-0.48	0.85	0.51	0.64	SHUL4
CAMB3	0.1	0.43	0.3	-0.65	0.54		0.18	0.27	-0.02	0.32	CAMB3
RSUL4	-0.21	-0.43	-0.01	0.3	-0.48	0.18		-0.62	-0.48	-0.32	RSUL4
CVCB3	0.38	0.85	0.4	-0.55	0.85	0.27	-0.62		0.54	0.65	CVCB3
PTNT4	0.2	0.43	0.23	-0.29	0.51	-0.02	-0.48	0.54		0.55	PTNT4
LJQQ3	0.05	0.4	0.64	-0.47	0.64	0.32	-0.32	0.65	0.55		LJQQ3
	CGRA3	CGRA4	AMOB3	AMAR3	SHUL4	CAMB3	RSUL4	CVCB3	PTNT4	LJQQ3

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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

SHUL4	+ 0.87	CGRA4
CVCB3	+ 0.85	CGRA4
CVCB3	+ 0.85	SHUL4
LJQQ3	+ 0.65	CVCB3
LJQQ3	+ 0.64	AMOB3
LJQQ3	+ 0.64	SHUL4

High negative correlations

SHUL4	- 0.71	AMAR3
CAMB3	- 0.65	AMAR3
CVCB3	- 0.62	RSUL4
AMAR3	- 0.61	CGRA4
CVCB3	- 0.55	AMAR3
PTNT4	- 0.48	RSUL4

Risk-Adjusted Indicators

There is a big difference between WLM Preferred Stock performing well and WLM 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 WLM 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGRA3	8.13	1.35	0.10	(1.86)	10.01	(10.01)	39.07	(26.94)	69.32
CGRA4	1.61	0.36	0.10	(0.93)	2.62	(2.00)	3.45	(1.79)	27.91
AMOB3	2.08	0.09	0.03	0.11	2.66	(2.15)	4.32	(3.75)	16.85
AMAR3	1.12	(0.34)	0.00	(0.74)	0.00	0.00	1.94	(2.52)	6.82
SHUL4	1.39	0.37	0.20	2.36	1.35	(1.60)	3.61	(2.37)	9.13
CAMB3	1.21	0.09	0.03	(1.30)	1.41	(1.31)	2.94	(2.33)	7.35
RSUL4	1.30	(0.09)	0.00	(0.73)	0.00	0.00	2.85	(3.53)	12.20
CVCB3	3.07	0.66	0.11	1.18	4.48	(3.13)	6.86	(7.11)	27.01
PTNT4	3.00	1.01	0.37	1.19	1.68	(4.64)	4.65	(3.61)	71.15
LJQQ3	2.78	0.25	0.06	0.22	3.78	(2.85)	5.61	(5.36)	15.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in WLM 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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