Centrais Eltricas Correlations
| ELET5 Preferred Stock | BRL 99.00 0.00 0.00% |
The correlation of Centrais Eltricas 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 Centrais Eltricas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centrais Eltricas Brasileiras 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.
Average diversification
The correlation between Centrais Eltricas Brasileiras and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centrais Eltricas Brasileiras and NYA in the same portfolio, assuming nothing else is changed.
Centrais |
The ability to find closely correlated positions to Centrais Eltricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrais Eltricas 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 Centrais Eltricas - 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 Centrais Eltricas Brasileiras to buy it.
Moving together with Centrais Preferred Stock
| 0.68 | NEXT34 | NextEra Energy | PairCorr |
| 0.75 | D1OM34 | Dominion Energy | PairCorr |
| 0.76 | SLBG34 | Schlumberger Limited | PairCorr |
Moving against Centrais Preferred Stock
| 0.73 | EQTL3 | Equatorial Energia | PairCorr |
| 0.71 | CPFE3 | CPFL Energia SA | PairCorr |
| 0.57 | TRPL4 | CTEEP Companhia | PairCorr |
| 0.57 | PETR3 | Petrleo Brasileiro | PairCorr |
| 0.43 | BBDC3 | Banco Bradesco SA | PairCorr |
Related Correlations Analysis
| 0.47 | -0.14 | -0.27 | -0.45 | CEBR3 | ||
| 0.47 | -0.59 | 0.34 | 0.12 | CEBR6 | ||
| -0.14 | -0.59 | -0.42 | -0.4 | EMAE4 | ||
| -0.27 | 0.34 | -0.42 | 0.56 | CEEB3 | ||
| -0.45 | 0.12 | -0.4 | 0.56 | COCE5 | ||
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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 Centrais Preferred Stock performing well and Centrais Eltricas 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 Centrais Eltricas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CEBR3 | 1.76 | 0.50 | 0.30 | 0.35 | 1.24 | 6.20 | 24.09 | |||
| CEBR6 | 1.87 | 0.23 | 0.08 | 0.62 | 2.16 | 3.66 | 23.86 | |||
| EMAE4 | 2.67 | 0.16 | 0.01 | 0.83 | 5.99 | 5.97 | 39.81 | |||
| CEEB3 | 0.90 | (0.03) | 0.00 | (0.10) | 0.00 | 1.76 | 11.64 | |||
| COCE5 | 1.41 | (0.23) | 0.00 | (8.94) | 0.00 | 2.55 | 10.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Centrais Eltricas 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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Centrais Eltricas Corporate Directors
Centrais Eltricas corporate directors refer to members of a Centrais Eltricas board of directors. The board of directors generally takes responsibility for the Centrais Eltricas' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Centrais Eltricas' board members must vote for the resolution. The Centrais Eltricas board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Joao Lian | Director | Profile | |
| Wagner Oliveira | Director | Profile | |
| Lindemberg Bezerra | Director | Profile | |
| Carlos Pereira | Director | Profile |
Already Invested in Centrais Eltricas Brasileiras?
The danger of trading Centrais Eltricas Brasileiras 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 Centrais Eltricas 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 Centrais Eltricas. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Centrais Eltricas 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Centrais Eltricas Brasileiras. 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 Centrais Eltricas information on this page should be used as a complementary analysis to other Centrais Eltricas' 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Centrais Preferred Stock analysis
When running Centrais Eltricas' price analysis, check to measure Centrais Eltricas' 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 Centrais Eltricas is operating at the current time. Most of Centrais Eltricas' value examination focuses on studying past and present price action to predict the probability of Centrais Eltricas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrais Eltricas' price. Additionally, you may evaluate how the addition of Centrais Eltricas to your portfolios can decrease your overall portfolio volatility.
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