JBS SA Correlations

Summary

JBSAYDelisted Stock

USD 15.65 0.28 1.82%

The current 90-days correlation between JBS SA and BRF SA ADR is 0.12 (i.e., Average diversification). The correlation of JBS 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.

JBS SA Correlation With Market

Significant diversification

The correlation between JBS SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JBS SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JBS 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 JBS 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 JBS 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 JBS SA to buy it.

Moving against JBS OTC Stock

0.52	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.42	TLK	Telkom Indonesia Tbk	Pair Corr
0.34	DANOY	Danone PK Earnings Call This Week	Pair Corr
0.34	KHC	Kraft Heinz	Pair Corr
0.42	PYTCF	Playtech plc	Pair Corr
0.41	PTBRY	Bank Negara Indonesia Upward Rally	Pair Corr
0.37	PK	Park Hotels Resorts	Pair Corr
0.45	NWARF	Norwegian Air Shuttle	Pair Corr
0.33	BASFY	BASF SE ADR	Pair Corr

Related Correlations Analysis

	BRFS	DANOY	NATR	PFODF	MRRTY	BRID	CENTA	BRBR	POST	JJSF
BRFS		-0.11	-0.46	-0.39	-0.31	0.31	-0.27	-0.04	-0.25	-0.29	BRFS
DANOY	-0.11		0.7	-0.08	0.35	0.32	-0.57	-0.85	-0.06	-0.67	DANOY
NATR	-0.46	0.7		0.22	0.52	-0.03	-0.25	-0.57	0.21	-0.19	NATR
PFODF	-0.39	-0.08	0.22		0.4	-0.33	0.49	0.26	0.01	0.45	PFODF
MRRTY	-0.31	0.35	0.52	0.4		0.06	0.02	-0.18	-0.25	-0.13	MRRTY
BRID	0.31	0.32	-0.03	-0.33	0.06		-0.52	-0.3	-0.6	-0.7	BRID
CENTA	-0.27	-0.57	-0.25	0.49	0.02	-0.52		0.73	0.01	0.82	CENTA
BRBR	-0.04	-0.85	-0.57	0.26	-0.18	-0.3	0.73		0.02	0.73	BRBR
POST	-0.25	-0.06	0.21	0.01	-0.25	-0.6	0.01	0.02		0.32	POST
JJSF	-0.29	-0.67	-0.19	0.45	-0.13	-0.7	0.82	0.73	0.32		JJSF
	BRFS	DANOY	NATR	PFODF	MRRTY	BRID	CENTA	BRBR	POST	JJSF

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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

JJSF	+ 0.82	CENTA
BRBR	+ 0.73	CENTA
JJSF	+ 0.73	BRBR
NATR	+ 0.7	DANOY
MRRTY	+ 0.52	NATR
CENTA	+ 0.49	PFODF

High negative correlations

BRBR	- 0.85	DANOY
JJSF	- 0.7	BRID
JJSF	- 0.67	DANOY
POST	- 0.6	BRID
BRBR	- 0.57	NATR
CENTA	- 0.57	DANOY

Risk-Adjusted Indicators

There is a big difference between JBS OTC Stock performing well and JBS SA OTC Stock 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 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BRFS	2.27	(0.03)	(0.01)	0.04	2.82	(2.47)	5.65	(5.23)	14.75
DANOY	0.89	0.09	0.03	0.66	0.96	(0.97)	2.13	(1.55)	7.91
NATR	1.63	(0.02)	0.00	0.13	0.00	0.00	2.78	(3.46)	17.06
PFODF	0.30	(0.15)	0.00	0.81	0.00	0.00	0.00	0.00	10.18
MRRTY	2.59	(0.20)	0.00	(0.42)	0.00	0.00	5.75	(5.63)	20.06
BRID	1.34	0.07	(0.01)	(0.10)	1.83	(1.35)	3.61	(2.77)	10.39
CENTA	1.55	(0.31)	0.00	(0.14)	0.00	0.00	3.07	(3.25)	21.80
BRBR	2.42	(0.71)	0.00	(0.57)	0.00	0.00	3.49	(6.72)	34.30
POST	1.00	(0.05)	(0.07)	(0.01)	1.12	(1.15)	2.11	(1.83)	7.61
JJSF	1.34	(0.38)	0.00	(0.24)	0.00	0.00	2.37	(3.01)	7.72

View JBS SA Related Equities

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Risk & Return

Correlation

JBS SA Corporate Management

Elected by the shareholders, the JBS SA's board of directors comprises two types of representatives: JBS SA 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 SA's management team and ensure that shareholders' interests are well served. JBS 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, JBS SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Russell Colaco	Chief Food	Profile
Michael Koenig	Chief Officer	Profile
Eduardo Noronha	Global Excellence	Profile
Rodrigo Gagliardi	Sales Mang	Profile
Eliseo Fernandez	Admin. and Control Officer and Member of Executive Board	Profile

Still Interested in JBS SA?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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