Brasilagro Adr Correlations

LND Stock

USD 3.86 0.01 0.26%

The current 90-days correlation between Brasilagro Adr and Limoneira Co is 0.36 (i.e., Weak diversification). The correlation of Brasilagro Adr 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.

Brasilagro Adr Correlation With Market

Weak diversification

The correlation between Brasilagro Adr and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brasilagro Adr and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brasilagro Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Brasilagro Adr. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Brasilagro Stock refer to our How to Trade Brasilagro Stock guide.

Moving together with Brasilagro Stock

0.78

LWAY

Lifeway Foods

Pair Corr

Moving against Brasilagro Stock

0.61	RLX	RLX Technology	Pair Corr
0.58	JVA	Coffee Holding	Pair Corr
0.54	ISPR	Ispire Technology Common	Pair Corr
0.48	AFRIW	Forafric Global PLC	Pair Corr
0.41	TPB	Turning Point Brands	Pair Corr
0.49	BRID	Bridgford Foods	Pair Corr
0.46	JZ	Jianzhi Education	Pair Corr

Related Correlations Analysis

	ASTVF	GARPY	SALRY	WLMIY	FDP	LMNR	ALCO	BG	SANW	AGRO
ASTVF		-0.57	0.08	0.31	-0.33	0.13	-0.3	-0.47	-0.04	0.24	ASTVF
GARPY	-0.57		0.07	-0.21	0.43	-0.09	0.5	0.54	0.14	-0.22	GARPY
SALRY	0.08	0.07		-0.06	-0.11	0.69	0.32	-0.14	0.74	-0.45	SALRY
WLMIY	0.31	-0.21	-0.06		-0.28	-0.33	-0.46	-0.2	-0.11	0.56	WLMIY
FDP	-0.33	0.43	-0.11	-0.28		0.03	0.5	0.55	-0.01	-0.2	FDP
LMNR	0.13	-0.09	0.69	-0.33	0.03		0.5	-0.21	0.83	-0.72	LMNR
ALCO	-0.3	0.5	0.32	-0.46	0.5	0.5		0.31	0.6	-0.68	ALCO
BG	-0.47	0.54	-0.14	-0.2	0.55	-0.21	0.31		-0.07	0.13	BG
SANW	-0.04	0.14	0.74	-0.11	-0.01	0.83	0.6	-0.07		-0.72	SANW
AGRO	0.24	-0.22	-0.45	0.56	-0.2	-0.72	-0.68	0.13	-0.72		AGRO
	ASTVF	GARPY	SALRY	WLMIY	FDP	LMNR	ALCO	BG	SANW	AGRO

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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

SANW	+ 0.83	LMNR
SANW	+ 0.74	SALRY
LMNR	+ 0.69	SALRY
SANW	+ 0.6	ALCO
AGRO	+ 0.56	WLMIY
BG	+ 0.55	FDP

High negative correlations

AGRO	- 0.72	SANW
AGRO	- 0.72	LMNR
AGRO	- 0.68	ALCO
GARPY	- 0.57	ASTVF
BG	- 0.47	ASTVF
ALCO	- 0.46	WLMIY

Risk-Adjusted Indicators

There is a big difference between Brasilagro Stock performing well and Brasilagro Adr 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 Brasilagro Adr'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
ASTVF	0.54	0.10	0.00	41.44	0.00	0.00	0.00	0.00	16.81
GARPY	0.95	(0.12)	0.00	(1.47)	0.00	0.00	2.81	(4.95)	20.77
SALRY	2.80	(0.06)	0.00	(0.26)	0.00	0.00	4.63	(5.86)	12.77
WLMIY	1.41	0.15	0.11	0.23	1.74	(1.59)	3.13	(3.45)	8.73
FDP	1.07	0.06	0.08	0.07	1.37	(1.06)	1.81	(2.28)	5.62
LMNR	1.57	(0.49)	0.00	(0.78)	0.00	0.00	2.62	(3.78)	16.12
ALCO	1.18	(0.16)	0.00	(0.46)	0.00	0.00	2.05	(2.37)	8.57
BG	1.43	0.02	0.00	(0.06)	0.00	0.00	3.11	(3.18)	10.49
SANW	3.34	(0.86)	0.00	(1.24)	0.00	0.00	6.00	(9.88)	30.41
AGRO	1.29	0.25	0.18	0.73	1.54	(1.45)	2.22	(1.95)	18.21

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