Caixa Seguridade Correlations

CXSE3 Stock

BRL 13.97 0.08 0.57%

The current 90-days correlation between Caixa Seguridade Par and Porto Seguro SA is 0.32 (i.e., Weak diversification). The correlation of Caixa Seguridade 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.

Caixa Seguridade Correlation With Market

Average diversification

The correlation between Caixa Seguridade Participaes and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caixa Seguridade Participaes and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Caixa Seguridade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caixa Seguridade 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 Caixa Seguridade - 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 Caixa Seguridade Participaes to buy it.

Moving together with Caixa Stock

0.85

BERK34

Berkshire Hathaway

Pair Corr

Moving against Caixa Stock

0.82	A1PA34	APA Corporation	Pair Corr
0.78	PSSA3	Porto Seguro SA	Pair Corr
0.77	RMAI11	Domo Fundo de	Pair Corr
0.77	BMKS3	Bicicletas Monark	Pair Corr
0.76	LREN3	Lojas Renner SA	Pair Corr
0.75	TFCO4	Track Field	Pair Corr
0.71	C1FG34	Citizens Financial Group,	Pair Corr
0.67	GOGL34	Alphabet Earnings Call Today	Pair Corr
0.61	L1MN34	Lumen Technologies,	Pair Corr
0.61	ASAI3	Sendas Distribuidora	Pair Corr
0.61	A1LL34	Bread Financial Holdings Earnings Call This Week	Pair Corr
0.61	AMBP3	Ambipar Participaes	Pair Corr
0.6	L1YV34	Live Nation Entertai Earnings Call This Week	Pair Corr
0.6	U1AL34	United Airlines Holdings	Pair Corr
0.59	RBFF11	Fator IFIX Fundo	Pair Corr
0.43	YDUQ3	Yduqs Participaes	Pair Corr
0.33	SAPP34	SAP SE Earnings Call Tomorrow	Pair Corr
0.32	ENGI11	Energisa SA	Pair Corr
0.82	P2AX34	Patria Investments	Pair Corr
0.79	SAPR4	Companhia de Saneamento	Pair Corr
0.79	O2NS34	ON Semiconductor Earnings Call This Week	Pair Corr
0.78	F1RA34	Franklin Resources, Earnings Call This Week	Pair Corr
0.78	L1HX34	L3Harris Technologies, Earnings Call This Week	Pair Corr
0.72	CSED3	Cruzeiro do Sul	Pair Corr
0.71	PLPL3	Plano Plano Desenvol	Pair Corr
0.71	CAON34	Capital One Financial Earnings Call Today	Pair Corr
0.71	THGI34	Hanover Insurance	Pair Corr
0.7	HOOT4	Hotis Othon SA	Pair Corr
0.69	GPRO34	GoPro Inc	Pair Corr

Related Correlations Analysis

	BBSE3	PSSA3	BBSEY	ARZGY	CCS-PC	CMIN3	RAIZ4	VBBR3
BBSE3		-0.89	0.89	-0.31	0.0	0.86	0.27	-0.81	BBSE3
PSSA3	-0.89		-0.8	0.31	0.0	-0.86	-0.16	0.92	PSSA3
BBSEY	0.89	-0.8		-0.32	0.0	0.84	0.22	-0.72	BBSEY
ARZGY	-0.31	0.31	-0.32		0.0	-0.11	0.22	0.05	ARZGY
CCS-PC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CCS-PC
CMIN3	0.86	-0.86	0.84	-0.11	0.0		0.07	-0.82	CMIN3
RAIZ4	0.27	-0.16	0.22	0.22	0.0	0.07		-0.31	RAIZ4
VBBR3	-0.81	0.92	-0.72	0.05	0.0	-0.82	-0.31		VBBR3
	BBSE3	PSSA3	BBSEY	ARZGY	CCS-PC	CMIN3	RAIZ4	VBBR3

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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

VBBR3	+ 0.92	PSSA3
BBSEY	+ 0.89	BBSE3
CMIN3	+ 0.86	BBSE3
CMIN3	+ 0.84	BBSEY
ARZGY	+ 0.31	PSSA3
RAIZ4	+ 0.27	BBSE3

High negative correlations

PSSA3	- 0.89	BBSE3
CMIN3	- 0.86	PSSA3
VBBR3	- 0.82	CMIN3
VBBR3	- 0.81	BBSE3
BBSEY	- 0.8	PSSA3
VBBR3	- 0.72	BBSEY

Risk-Adjusted Indicators

There is a big difference between Caixa Stock performing well and Caixa Seguridade 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 Caixa Seguridade'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
BBSE3	0.95	(0.23)	0.00	3.31	0.00	0.00	1.16	(1.87)	9.69
PSSA3	1.15	0.40	0.19	2.76	1.09	(1.28)	3.29	(2.49)	10.04
BBSEY	1.59	(0.27)	0.00	(0.66)	0.00	0.00	3.75	(3.17)	12.07
ARZGY	1.08	0.18	0.04	3.43	1.26	(1.22)	2.19	(2.11)	10.01
CCS-PC	0.55	0.08	(0.07)	(30.04)	0.48	(0.87)	1.40	(1.13)	4.07
CMIN3	1.32	(0.24)	0.00	(0.94)	0.00	0.00	2.99	(3.18)	11.42
RAIZ4	2.05	(0.15)	0.00	0.45	0.00	0.00	5.20	(4.32)	20.30
VBBR3	1.30	0.20	0.04	13.94	1.37	(1.46)	3.10	(2.45)	7.67

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Our tools can tell you how much better you can do entering a position in Caixa Seguridade 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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Caixa Seguridade Corporate Management

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

Eduardo Oliveira	Admin, CFO	Profile
Andre Nunes	Chief Officer	Profile
Gustavo Fernandes	Exec Board	Profile
Paulo Furtado	Exec Board	Profile
Thiago Silva	Exec Board	Profile
Hebert Filho	Ex Director	Profile

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