JBS SA Correlations
| JBSS3 Stock | BRL 23.87 0.43 1.83% |
The correlation of JBS 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JBS SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JBS SA 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.
Good diversification
The correlation between JBS SA and NYA is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JBS SA and NYA in the same portfolio, assuming nothing else is changed.
JBS |
The ability to find closely correlated positions to JBS 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 JBS 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 JBS 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 JBS SA to buy it.
Moving against JBS Stock
| 0.55 | TMCO34 | Toyota Motor | PairCorr |
| 0.48 | HOND34 | Honda Motor | PairCorr |
| 0.46 | B1SA34 | Banco Santander Chile | PairCorr |
| 0.42 | TSMC34 | Taiwan Semiconductor | PairCorr |
Related Correlations Analysis
| 0.03 | -0.35 | 0.24 | 0.52 | LREN3 | ||
| 0.03 | 0.48 | 0.56 | -0.09 | HYPE3 | ||
| -0.35 | 0.48 | 0.52 | -0.81 | FLRY3 | ||
| 0.24 | 0.56 | 0.52 | -0.33 | RENT3 | ||
| 0.52 | -0.09 | -0.81 | -0.33 | WEGE3 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 JBS Stock performing well and JBS 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 JBS 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LREN3 | 1.96 | 0.02 | (0.01) | 0.26 | 2.41 | 3.97 | 12.41 | |||
| HYPE3 | 1.78 | (0.03) | 0.00 | 0.79 | 0.00 | 4.14 | 10.17 | |||
| FLRY3 | 0.88 | (0.18) | 0.00 | (4.95) | 0.00 | 1.23 | 6.36 | |||
| RENT3 | 1.44 | (0.22) | 0.00 | (1.10) | 0.00 | 3.01 | 7.75 | |||
| WEGE3 | 1.01 | 0.24 | 0.19 | 1.01 | 0.85 | 2.31 | 10.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in JBS 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.Did you try this?
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JBS SA Corporate Directors
JBS SA corporate directors refer to members of a JBS SA board of directors. The board of directors generally takes responsibility for the JBS SA's 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 JBS SA's board members must vote for the resolution. The JBS SA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Humberto Farias | Director | Profile | |
| Aguinaldo Filho | Director | Profile | |
| Gilberto Baptista | Director | Profile | |
| Norberto Fatio | Independent Director | Profile |
Already Invested in JBS SA?
The danger of trading JBS SA 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 JBS SA 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 JBS SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile JBS SA 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JBS SA. 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 JBS SA information on this page should be used as a complementary analysis to other JBS SA'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for JBS Stock analysis
When running JBS SA's price analysis, check to measure JBS SA'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 JBS SA is operating at the current time. Most of JBS SA's value examination focuses on studying past and present price action to predict the probability of JBS SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JBS SA's price. Additionally, you may evaluate how the addition of JBS SA to your portfolios can decrease your overall portfolio volatility.
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