Bombril SA Correlations

Preferred Stocks . Brazil . 
Preferred Stock . Bombril SA
BOBR4 Preferred Stock  BRL 1.48  0.04  2.63%   
The current 90-days correlation between Bombril SA and Eternit SA is 0.17 (i.e., Average diversification). The correlation of Bombril 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.

Bombril SA Correlation With Market

Good diversification

The correlation between Bombril SA and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bombril SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bombril 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 Bombril 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 Bombril 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 Bombril SA to buy it.

Moving together with Bombril Preferred Stock

  0.67SEQL3 Sequoia Logstica ePairCorr
  0.76WEST3 Westwing Comrcio VarPairCorr

Moving against Bombril Preferred Stock

  0.87NVDC34 NVIDIAPairCorr
  0.87MSFT34 Microsoft Earnings Call This WeekPairCorr
  0.81MUTC34 Micron TechnologyPairCorr
  0.8I1DX34 IDEXX Laboratories,PairCorr
  0.79C1FG34 Citizens Financial Group,PairCorr
  0.73LVTC3 Livetech da BahiaPairCorr
  0.7L1MN34 Lumen Technologies,PairCorr
  0.68HCST11 Hectare Student HousingPairCorr
  0.55ITUB4 Ita Unibanco HoldingPairCorr
  0.53LFTT11 Loft II FundoPairCorr
  0.53BOVA11 iShares Ibovespa IndexPairCorr
  0.52CVCB3 CVC Brasil OperadoraPairCorr
  0.49R1OP34 Roper Technologies, Earnings Call TomorrowPairCorr
  0.46MRFG3 Marfrig Global FoodsPairCorr
  0.43ENEV3 Eneva SAPairCorr
  0.42LOGG3 LOG Commercial PropertiesPairCorr

Related Correlations Analysis

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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   
LUPA3
+ 0.82
ETER3
ETER3
+ 0.45
KMB
LUPA3
+ 0.36
KMB
POMO4
+ 0.11
INEP4
INEP4
+ 0.09
COTY
ETER3
+ 0.05
COTY
  
High negative correlations   
POMO4
- 0.9
ETER3
POMO4
- 0.82
LUPA3
POMO4
- 0.51
KMB
INEP4
- 0.28
LUPA3
INEP4
- 0.19
KMB
POMO4
- 0.04
COTY

Risk-Adjusted Indicators

There is a big difference between Bombril Preferred Stock performing well and Bombril 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 Bombril 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bombril 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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Bombril SA Corporate Management

Elected by the shareholders, the Bombril SA's board of directors comprises two types of representatives: Bombril SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bombril. The board's role is to monitor Bombril SA's management team and ensure that shareholders' interests are well served. Bombril 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, Bombril SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Antonio OliveiraCEO BoardProfile
Lineu FilhoChief OfficerProfile
Rodrigo LacerdaMarketing BoardProfile
Ricardo HeemannCommercial BoardProfile
Marcus RodriguesLegal BoardProfile
Ronnie MottaInvestor CFOProfile
Persio PinheiroOrganizational BoardProfile
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