Gerdau SA Correlations

Gerdau SA Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gerdau SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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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    CIG + 0.92 BBD CMC + 0.91 TX CMC + 0.88 MT BBD + 0.88 CMC ITUB + 0.88 BBD CIG + 0.88 ITUB

High negative correlations    BBD - 0.56 SID CMC - 0.47 SID BAK - 0.39 TX CIG - 0.38 SID TX - 0.38 SID BAK - 0.37 CMC

Risk-Adjusted Indicators

There is a big difference between Gerdau Stock performing well and Gerdau 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 Gerdau 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.