Azul SA Correlations
| AZUL4 Preferred Stock | BRL 0.67 0.04 6.35% |
The current 90-days correlation between Azul SA and Wizz Air Holdings is -0.16 (i.e., Good diversification). The correlation of Azul 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 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.
Azul SA Correlation With Market
Very good diversification
The correlation between Azul SA and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azul SA and DJI in the same portfolio, assuming nothing else is changed.
Azul |
The ability to find closely correlated positions to Azul 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 Azul 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 Azul 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 Azul SA to buy it.
Moving together with Azul Preferred Stock
Moving against Azul Preferred Stock
| 0.91 | NFLX34 | Netflix | PairCorr |
| 0.81 | STBP3 | Santos Brasil Participaes | PairCorr |
| 0.76 | M2RV34 | Marvell Technology | PairCorr |
| 0.73 | DEAI34 | Delta Air Lines | PairCorr |
| 0.73 | F1NI34 | Fidelity National | PairCorr |
| 0.72 | N1OW34 | ServiceNow Earnings Call Today | PairCorr |
| 0.7 | AALL34 | American Airlines Earnings Call Tomorrow | PairCorr |
| 0.69 | R1KU34 | Roku Inc | PairCorr |
| 0.66 | U1AL34 | United Airlines Holdings | PairCorr |
| 0.61 | LWSA3 | Locaweb Servios de | PairCorr |
| 0.41 | A1LK34 | Alaska Air Group, | PairCorr |
| 0.87 | W1AB34 | Westinghouse Air Brake Earnings Call Today | PairCorr |
| 0.86 | BCSA34 | Banco Santander SA | PairCorr |
| 0.85 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.82 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.82 | NEOE3 | Neoenergia SA Earnings Call Today | PairCorr |
| 0.8 | CURY3 | Cury Construtora e | PairCorr |
| 0.78 | WHRL3 | Whirlpool SA | PairCorr |
| 0.78 | V1IP34 | Vipshop Holdings | PairCorr |
| 0.76 | A1GI34 | Agilent Technologies | PairCorr |
| 0.76 | S1PO34 | Spotify Technology Earnings Call Tomorrow | PairCorr |
| 0.69 | BMEB3 | Banco Mercantil do | PairCorr |
| 0.44 | CVCB3 | CVC Brasil Operadora | PairCorr |
| 0.44 | CYRE3 | Cyrela Brazil Realty | PairCorr |
| 0.37 | B1BW34 | Bath Body Works | PairCorr |
| 0.9 | N1BI34 | Neurocrine Biosciences | PairCorr |
| 0.84 | HYPE3 | Hypera SA | PairCorr |
| 0.82 | CAML3 | Camil Alimentos SA | PairCorr |
| 0.81 | T2TD34 | Trade Desk | PairCorr |
| 0.79 | ESPA3 | MPM Corpreos SA | PairCorr |
| 0.78 | D1DG34 | Datadog, | PairCorr |
| 0.72 | COGN3 | Cogna Educao SA | PairCorr |
| 0.67 | LBRD34 | Liberty Broadband | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between Azul Preferred Stock performing well and Azul 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 Azul 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WZZAF | 1.00 | (0.08) | 0.00 | 0.38 | 0.00 | 0.00 | 52.23 | |||
| ESYJY | 1.47 | 0.02 | 0.00 | 0.16 | 2.03 | 2.60 | 11.07 | |||
| VLRS | 2.70 | (0.12) | (0.02) | 0.03 | 4.15 | 3.94 | 18.46 | |||
| CVCB3 | 2.63 | 0.21 | 0.00 | (0.28) | 2.88 | 6.55 | 19.39 | |||
| IRBR3 | 1.58 | (0.15) | 0.00 | (0.18) | 0.00 | 3.27 | 10.27 | |||
| MGLU3 | 2.82 | (0.36) | 0.00 | 2.13 | 0.00 | 5.91 | 17.87 | |||
| EMBR3 | 1.76 | 0.07 | (0.02) | 0.43 | 2.14 | 4.42 | 9.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Azul 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?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |
Azul SA Corporate Management
Elected by the shareholders, the Azul SA's board of directors comprises two types of representatives: Azul SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Azul. The board's role is to monitor Azul SA's management team and ensure that shareholders' interests are well served. Azul SA'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, Azul SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alexandre Malfitani | Head of TudoAzul Loyalty Program | Profile | |
| Jason Ward | VP Customers | Profile | |
| Andrea Bottcher | Investor Mang | Profile | |
| Thais Haberli | IR Mang | Profile | |
| Gelzon Pizzirani | Independent Member of Board | Profile | |
| Carolyn Trabuco | Independent Member of Board | Profile | |
| Gilberto Peralta | Independent Member of the Board | Profile |