LOG Commercial Correlations

LOGG3 Stock

19.60 0.19 0.96%

The current 90-days correlation between LOG Commercial Properties and Camil Alimentos SA is 0.34 (i.e., Weak diversification). The correlation of LOG Commercial 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.

LOG Commercial Correlation With Market

Good diversification

The correlation between LOG Commercial Properties and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOG Commercial Properties and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LOG Stock

0.72	I1DX34	IDEXX Laboratories,	Pair Corr
0.82	ITUB4	Ita Unibanco Holding	Pair Corr
0.61	MRFG3	Marfrig Global Foods	Pair Corr

Moving against LOG Stock

0.54

C1OG34

Coterra Energy

Pair Corr

Related Correlations Analysis

	CAML3	JFEN3	LPSB3	MDNE3	MOVI3	SCAR3	SLCE3	TRIS3
CAML3		-0.89	0.54	0.87	0.39	-0.27	-0.86	0.36	CAML3
JFEN3	-0.89		-0.47	-0.86	-0.18	0.4	0.85	-0.24	JFEN3
LPSB3	0.54	-0.47		0.64	0.4	-0.22	-0.41	0.72	LPSB3
MDNE3	0.87	-0.86	0.64		0.29	-0.49	-0.8	0.45	MDNE3
MOVI3	0.39	-0.18	0.4	0.29		0.11	-0.32	0.65	MOVI3
SCAR3	-0.27	0.4	-0.22	-0.49	0.11		0.27	0.0	SCAR3
SLCE3	-0.86	0.85	-0.41	-0.8	-0.32	0.27		-0.23	SLCE3
TRIS3	0.36	-0.24	0.72	0.45	0.65	0.0	-0.23		TRIS3
	CAML3	JFEN3	LPSB3	MDNE3	MOVI3	SCAR3	SLCE3	TRIS3

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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

MDNE3	+ 0.87	CAML3
SLCE3	+ 0.85	JFEN3
TRIS3	+ 0.72	LPSB3
TRIS3	+ 0.65	MOVI3
MDNE3	+ 0.64	LPSB3
LPSB3	+ 0.54	CAML3

High negative correlations

JFEN3	- 0.89	CAML3
MDNE3	- 0.86	JFEN3
SLCE3	- 0.86	CAML3
SLCE3	- 0.8	MDNE3
SCAR3	- 0.49	MDNE3
LPSB3	- 0.47	JFEN3

Risk-Adjusted Indicators

There is a big difference between LOG Stock performing well and LOG Commercial 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 LOG Commercial'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
CAML3	1.88	0.42	0.12	(1.05)	1.69	(2.30)	4.42	(2.79)	12.30
JFEN3	1.97	(0.58)	0.00	4.40	0.00	0.00	5.15	(5.39)	17.59
LPSB3	2.49	0.23	0.02	(0.53)	2.98	(3.62)	6.11	(4.19)	26.21
MDNE3	2.39	0.61	0.18	(1.18)	2.12	(2.87)	5.34	(3.89)	21.27
MOVI3	3.62	0.36	0.02	(0.24)	4.26	(4.51)	7.12	(6.21)	30.61
SCAR3	1.34	0.08	(0.04)	(0.18)	2.26	(1.31)	2.93	(2.94)	13.86
SLCE3	0.87	(0.10)	0.00	0.33	0.00	0.00	1.54	(2.17)	5.64
TRIS3	1.60	0.12	(0.02)	(0.24)	1.97	(1.74)	3.49	(3.52)	9.62

Be your own money manager

Our tools can tell you how much better you can do entering a position in LOG Commercial 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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