JBS NV Correlations
| JBS Stock | 13.56 0.23 1.73% |
The correlation of JBS NV 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.
JBS NV Correlation With Market
Average diversification
The correlation between JBS NV and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JBS NV and DJI in the same portfolio, assuming nothing else is changed.
Moving against JBS Stock
| 0.54 | STZ | Constellation Brands | PairCorr |
| 0.53 | SAM | Boston Beer | PairCorr |
| 0.46 | K | Kellanova | PairCorr |
| 0.41 | GO | Grocery Outlet Holding | PairCorr |
| 0.4 | CCU | Compania Cervecerias | PairCorr |
| 0.4 | JZ | Jianzhi Education | PairCorr |
| 0.36 | DNUT | Krispy Kreme | PairCorr |
| 0.56 | WVVI | Willamette Valley | PairCorr |
| 0.42 | WGRX | Wellgistics Health, | PairCorr |
| 0.41 | FARM | Farmer Bros | PairCorr |
| 0.33 | WYHG | Wing Yip Food | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between JBS Stock performing well and JBS NV 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 JBS NV'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCU | 1.32 | (0.25) | 0.00 | (0.14) | 0.00 | 2.33 | 10.14 | |||
| LWAY | 1.32 | (0.01) | (0.08) | 0.20 | 1.77 | 3.50 | 11.98 | |||
| COCO | 1.81 | 0.16 | 0.09 | 0.39 | 1.68 | 3.66 | 17.01 | |||
| WVVIP | 1.82 | (0.12) | 0.00 | (11.02) | 0.00 | 3.47 | 12.04 | |||
| UVV | 1.23 | 0.11 | (0.04) | 0.61 | 1.19 | 2.13 | 14.73 | |||
| KLG | 2.26 | 0.24 | 0.08 | 0.55 | 1.86 | 5.04 | 10.71 | |||
| STZ | 1.15 | (0.15) | (0.15) | 0.01 | 1.50 | 2.30 | 11.14 |
JBS NV Corporate Executives
Elected by the shareholders, the JBS NV's board of directors comprises two types of representatives: JBS NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JBS. The board's role is to monitor JBS NV's management team and ensure that shareholders' interests are well served. JBS NV'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, JBS NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Guilherme Cavalcanti | Investor CFO | Profile |