BK Brasil Correlations
| BKBR3 Stock | BRL 3.90 0.04 1.02% |
The correlation of BK 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BK Brasil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BK Brasil Operao moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between BK Brasil Operao and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BK Brasil Operao and NYA in the same portfolio, assuming nothing else is changed.
BKBR3 |
The ability to find closely correlated positions to BK 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 BK 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 BK 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 BK Brasil Operao to buy it.
Moving together with BKBR3 Stock
| 0.85 | OSXB3 | OSX Brasil SA | PairCorr |
| 0.86 | ESTR4 | Manufatura de Brinquedos | PairCorr |
| 0.77 | ESTR3 | Manufatura de Brinquedos | PairCorr |
| 0.78 | FRTA3 | Pomifrutas SA | PairCorr |
| 0.63 | MAPT4 | Cemepe Investimentos | PairCorr |
Moving against BKBR3 Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BKBR3 Stock performing well and BK 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 BK 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| P1EA34 | 1.11 | (0.04) | 0.00 | 0.36 | 0.00 | 4.38 | 11.97 | |||
| L1YG34 | 1.16 | 0.35 | 0.21 | 0.97 | 1.05 | 3.79 | 10.68 | |||
| BOAC34 | 0.94 | 0.17 | 0.11 | 0.36 | 0.86 | 2.30 | 6.00 | |||
| E1XR34 | 0.71 | (0.07) | 0.00 | 0.58 | 0.00 | 2.01 | 11.09 | |||
| AVGO34 | 2.09 | 0.20 | 0.04 | (0.26) | 2.34 | 5.04 | 15.89 | |||
| T2DH34 | 1.94 | (0.53) | 0.00 | 0.98 | 0.00 | 3.49 | 29.75 | |||
| DBAG34 | 1.46 | 0.39 | 0.11 | 0.90 | 1.86 | 4.23 | 17.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BK 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?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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BK Brasil Corporate Management
Elected by the shareholders, the BK Brasil's board of directors comprises two types of representatives: BK Brasil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BKBR3. The board's role is to monitor BK Brasil's management team and ensure that shareholders' interests are well served. BK 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, BK Brasil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Danillo Gomes | VP Operations | Profile | |
| Gabriel Guimaraes | Investor CFO | Profile | |
| Marcia Baena | VP Management | Profile | |
| Fabio Alves | Legal VP | Profile | |
| Iuri Miranda | CEO Director | Profile | |
| Ariel Grunkraut | Sales Marketing | Profile | |
| Gustavo Fehlberg | Chief Officer | Profile |
Already Invested in BK Brasil Operao?
The danger of trading BK Brasil Operao is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of BK Brasil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than BK Brasil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BK Brasil Operao is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BK Brasil Operao. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the BK Brasil Operao information on this page should be used as a complementary analysis to other BK Brasil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for BKBR3 Stock analysis
When running BK Brasil's price analysis, check to measure BK Brasil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BK Brasil is operating at the current time. Most of BK Brasil's value examination focuses on studying past and present price action to predict the probability of BK Brasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BK Brasil's price. Additionally, you may evaluate how the addition of BK Brasil to your portfolios can decrease your overall portfolio volatility.
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