Baumer SA Correlations

BALM4 Preferred Stock

BRL 16.23 0.05 0.31%

The current 90-days correlation between Baumer SA and Baumer SA is -0.18 (i.e., Good diversification). The correlation of Baumer 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.

Baumer SA Correlation With Market

Significant diversification

The correlation between Baumer SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baumer SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Baumer 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 Baumer 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 Baumer 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 Baumer SA to buy it.

Moving together with Baumer Preferred Stock

0.71	LFTT11	Loft II Fundo	Pair Corr
0.64	BOVA11	iShares Ibovespa Index	Pair Corr
0.73	SAPP34	SAP SE Earnings Call This Week	Pair Corr
0.73	VIVT3	Telefnica Brasil	Pair Corr
0.67	INTB3	Intelbras SA	Pair Corr
0.82	ASAI3	Sendas Distribuidora	Pair Corr
0.84	HOOT4	Hotis Othon SA	Pair Corr
0.62	A1LL34	Bread Financial Holdings Earnings Call This Week	Pair Corr
0.91	TFCO4	Track Field	Pair Corr
0.66	U1BE34	Uber Technologies	Pair Corr
0.66	O2NS34	ON Semiconductor	Pair Corr
0.89	P2AX34	Patria Investments	Pair Corr
0.63	A1SN34	Ascendis Pharma AS	Pair Corr
0.71	ENGI11	Energisa SA	Pair Corr
0.87	PLPL3	Plano Plano Desenvol	Pair Corr
0.7	U1AL34	United Airlines Holdings	Pair Corr
0.65	CEBR6	Companhia Energtica	Pair Corr
0.9	I1DX34	IDEXX Laboratories,	Pair Corr
0.9	LREN3	Lojas Renner SA	Pair Corr
0.79	D1DG34	Datadog,	Pair Corr

Moving against Baumer Preferred Stock

0.74	WEST3	Westwing Comrcio Var	Pair Corr
0.6	SEQL3	Sequoia Logstica e	Pair Corr
0.49	I1QV34	IQVIA Holdings Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BALM3	BAZA3	BDLL4	BIOM3	CHCM34	CYRE3	AALL34	INTB3	VIVT3	U1AL34
BALM3		-0.77	-0.76	-0.89	-0.12	0.44	0.32	0.61	0.84	0.47	BALM3
BAZA3	-0.77		0.72	0.72	0.15	-0.18	-0.27	-0.52	-0.71	-0.44	BAZA3
BDLL4	-0.76	0.72		0.63	-0.31	-0.52	-0.65	-0.69	-0.78	-0.64	BDLL4
BIOM3	-0.89	0.72	0.63		0.23	-0.29	-0.06	-0.68	-0.82	-0.25	BIOM3
CHCM34	-0.12	0.15	-0.31	0.23		0.25	0.64	0.25	0.15	0.4	CHCM34
CYRE3	0.44	-0.18	-0.52	-0.29	0.25		0.51	0.49	0.52	0.51	CYRE3
AALL34	0.32	-0.27	-0.65	-0.06	0.64	0.51		0.3	0.46	0.9	AALL34
INTB3	0.61	-0.52	-0.69	-0.68	0.25	0.49	0.3		0.75	0.32	INTB3
VIVT3	0.84	-0.71	-0.78	-0.82	0.15	0.52	0.46	0.75		0.6	VIVT3
U1AL34	0.47	-0.44	-0.64	-0.25	0.4	0.51	0.9	0.32	0.6		U1AL34
	BALM3	BAZA3	BDLL4	BIOM3	CHCM34	CYRE3	AALL34	INTB3	VIVT3	U1AL34

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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

U1AL34	+ 0.9	AALL34
VIVT3	+ 0.84	BALM3
VIVT3	+ 0.75	INTB3
BDLL4	+ 0.72	BAZA3
BIOM3	+ 0.72	BAZA3
AALL34	+ 0.64	CHCM34

High negative correlations

BIOM3	- 0.89	BALM3
VIVT3	- 0.82	BIOM3
VIVT3	- 0.78	BDLL4
BAZA3	- 0.77	BALM3
BDLL4	- 0.76	BALM3
VIVT3	- 0.71	BAZA3

Risk-Adjusted Indicators

There is a big difference between Baumer Preferred Stock performing well and Baumer 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 Baumer 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
BALM3	1.53	0.38	0.00	0.95	0.00	0.00	5.53	(0.50)	22.59
BAZA3	1.32	(0.18)	0.00	0.82	0.00	0.00	1.53	(3.37)	18.11
BDLL4	1.04	(0.19)	0.00	1.71	0.00	0.00	2.70	(3.00)	22.11
BIOM3	2.34	(0.30)	0.00	(2.77)	0.00	0.00	4.45	(8.20)	20.31
CHCM34	1.82	(0.02)	0.00	0.12	2.27	(2.08)	3.56	(3.93)	18.21
CYRE3	1.49	0.22	0.01	(0.29)	1.88	(1.45)	3.10	(2.70)	9.79
AALL34	2.23	0.34	0.07	2.18	2.77	(2.28)	4.76	(4.61)	21.85
INTB3	1.74	0.31	0.06	(0.77)	2.08	(1.82)	3.98	(3.83)	11.90
VIVT3	1.00	0.29	0.12	3.00	1.03	(1.08)	2.38	(2.07)	7.31
U1AL34	2.32	0.49	0.12	(5.43)	2.39	(2.87)	4.58	(4.43)	21.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in Baumer 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.

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Baumer SA Corporate Executives

Elected by the shareholders, the Baumer SA's board of directors comprises two types of representatives: Baumer SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Baumer. The board's role is to monitor Baumer SA's management team and ensure that shareholders' interests are well served. Baumer 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, Baumer SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lourdes Camargo

Chief Technology Officer, Member of the Executive Board

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