Braskem SA Correlations

Stocks . Brazil . 
Stock . Braskem SA
BRKM3 Stock  BRL 8.98  0.02  0.22%   
The current 90-days correlation between Braskem SA and MAHLE Metal Leve is 0.1 (i.e., Average diversification). The correlation of Braskem 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.

Braskem SA Correlation With Market

Average diversification

The correlation between Braskem SA and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braskem SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Braskem 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 Braskem 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 Braskem 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 Braskem SA to buy it.

Moving together with Braskem Stock

  0.69BRKM5 Braskem SAPairCorr
  0.75CRPG5 Tronox PigmentosPairCorr
  0.63CRPG6 Tronox PigmentosPairCorr

Moving against Braskem Stock

  0.75N1UE34 NucorPairCorr
  0.61A1MT34 Applied Materials,PairCorr
  0.57E1MN34 Eastman Chemical Earnings Call TomorrowPairCorr
  0.55BRKM6 Braskem SAPairCorr
  0.51S1TX34 Seagate TechnologyPairCorr
  0.61O2NS34 ON Semiconductor Earnings Call This WeekPairCorr
  0.54NVDC34 NVIDIAPairCorr
  0.52T1SC34 Tractor Supply Earnings Call TomorrowPairCorr
  0.46F1RA34 Franklin Resources, Earnings Call This WeekPairCorr
  0.37MUTC34 Micron TechnologyPairCorr
  0.35L1HX34 L3Harris Technologies, Earnings Call TomorrowPairCorr
  0.34PSSA3 Porto Seguro SAPairCorr
  0.62T2DH34 Teladoc Health Earnings Call This WeekPairCorr
  0.62A1LL34 Bread Financial Holdings Earnings Call TomorrowPairCorr
  0.57SAPR4 Companhia de SaneamentoPairCorr
  0.51MSFT34 Microsoft Earnings Call This WeekPairCorr
  0.48L1MN34 Lumen Technologies,PairCorr
  0.47R1OP34 Roper Technologies, Earnings Call TodayPairCorr

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   
V1MC34
+ 0.53
LEVE3
C1HK34
+ 0.51
V1MC34
C1HK34
+ 0.32
GPIV33
A1LG34
+ 0.28
C2ZR34
GPIV33
+ 0.23
LEVE3
A1LG34
+ 0.21
G2DI33
  
High negative correlations   
G2DI33
- 0.56
GPIV33
C1HK34
- 0.47
T1TW34
C2ZR34
- 0.37
LEVE3
V1MC34
- 0.34
C2ZR34
C1HK34
- 0.33
A1LG34
C1HK34
- 0.33
C2ZR34

Risk-Adjusted Indicators

There is a big difference between Braskem Stock performing well and Braskem 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 Braskem 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 Braskem 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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Braskem SA Corporate Management

Elected by the shareholders, the Braskem SA's board of directors comprises two types of representatives: Braskem SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Braskem. The board's role is to monitor Braskem SA's management team and ensure that shareholders' interests are well served. Braskem 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, Braskem SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joao BatistaDirectorProfile
Everson BassinelloChief OfficerProfile
Fernando MusaMember of the Executive Management, Head of United States and Europe UnitProfile
Cristiana LapaLegal, Corporate Governance and Intellectual PropertyProfile
Roberto FaldiniDirectorProfile
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