Lavoro Limited Correlations
| LVRO Stock | 5.60 0.38 6.35% |
The correlation of Lavoro Limited 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lavoro Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lavoro Limited Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Lavoro Limited Class and NYA is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lavoro Limited Class and NYA in the same portfolio, assuming nothing else is changed.
Lavoro |
The ability to find closely correlated positions to Lavoro Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lavoro Limited 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 Lavoro Limited - 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 Lavoro Limited Class to buy it.
Moving together with Lavoro Stock
| 0.88 | IVP | Inspire Veterinary | PairCorr |
| 0.72 | NITO | N2OFF Inc Symbol Change | PairCorr |
| 0.68 | LVROW | Lavoro Limited Warrant | PairCorr |
| 0.71 | X | United States Steel Earnings Call Tomorrow | PairCorr |
Moving against Lavoro Stock
| 0.88 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.82 | SMG | Scotts Miracle Gro Earnings Call This Week | PairCorr |
| 0.8 | MHGVY | Mowi ASA ADR | PairCorr |
| 0.75 | CGA | China Green Agriculture | PairCorr |
| 0.75 | SEED | Origin Agritech | PairCorr |
| 0.73 | NTR | Nutrien Financial Report 8th of May 2024 | PairCorr |
| 0.72 | CF | CF Industries Holdings Earnings Call This Week | PairCorr |
| 0.71 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | CE | Celanese Financial Report 14th of May 2024 | PairCorr |
| 0.66 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.61 | FMC | FMC Corporation Financial Report 6th of May 2024 | PairCorr |
| 0.6 | AVD | American Vanguard Financial Report 14th of May 2024 | PairCorr |
| 0.6 | CTVA | Corteva Earnings Call This Week | PairCorr |
| 0.51 | DC | Dakota Gold Corp | PairCorr |
| 0.5 | MOS | Mosaic Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Lavoro Stock performing well and Lavoro Limited 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 Lavoro Limited'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CF | 1.09 | 0.01 | 0.00 | 0.09 | 1.58 | 2.59 | 9.82 | |||
| AVD | 2.21 | 0.12 | 0.03 | 0.24 | 2.83 | 4.72 | 31.28 | |||
| CGA | 4.15 | 0.60 | 0.13 | 0.90 | 4.11 | 11.34 | 26.75 | |||
| FMC | 2.28 | (0.07) | 0.01 | 0.04 | 3.44 | 3.94 | 22.10 | |||
| ICL | 1.71 | (0.05) | (0.03) | 0.02 | 1.94 | 4.53 | 10.65 | |||
| IPI | 1.78 | (0.14) | (0.02) | 0.00 | 3.29 | 4.49 | 16.61 | |||
| IVP | 6.50 | (1.53) | 0.00 | (1.73) | 0.00 | 15.49 | 49.39 | |||
| MOS | 1.25 | (0.20) | 0.00 | (0.04) | 0.00 | 2.22 | 9.55 | |||
| NTR | 1.29 | (0.06) | (0.01) | 0.04 | 1.39 | 3.10 | 10.41 | |||
| SMG | 1.97 | 0.09 | 0.08 | 0.12 | 2.29 | 3.79 | 9.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lavoro Limited 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.Did you try this?
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| All Next | Launch Module |
Lavoro Limited Corporate Management
Elected by the shareholders, the Lavoro Limited's board of directors comprises two types of representatives: Lavoro Limited inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lavoro. The board's role is to monitor Lavoro Limited's management team and ensure that shareholders' interests are well served. Lavoro Limited'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, Lavoro Limited's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ruy Cunha | Chief Officer | Profile | |
| Marcelo Pessanha | Crop Officer | Profile | |
| Karen Mello | Chief Officer | Profile | |
| Gustavo Modenesi | Chief Officer | Profile | |
| Luiz Spinardi | Head MA | Profile | |
| Julian Neto | Chief Officer | Profile |
Already Invested in Lavoro Limited Class?
The danger of trading Lavoro Limited Class is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lavoro Limited is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lavoro Limited. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lavoro Limited Class is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Lavoro Limited Class offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lavoro Limited's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lavoro Limited Class Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lavoro Limited Class Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lavoro Limited Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Lavoro Stock analysis
When running Lavoro Limited's price analysis, check to measure Lavoro Limited's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lavoro Limited is operating at the current time. Most of Lavoro Limited's value examination focuses on studying past and present price action to predict the probability of Lavoro Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lavoro Limited's price. Additionally, you may evaluate how the addition of Lavoro Limited to your portfolios can decrease your overall portfolio volatility.
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Is Lavoro Limited's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lavoro Limited. If investors know Lavoro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lavoro Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 81.628 | Quarterly Revenue Growth (0.05) | Return On Assets (0.01) | Return On Equity (0.28) |
The market value of Lavoro Limited Class is measured differently than its book value, which is the value of Lavoro that is recorded on the company's balance sheet. Investors also form their own opinion of Lavoro Limited's value that differs from its market value or its book value, called intrinsic value, which is Lavoro Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lavoro Limited's market value can be influenced by many factors that don't directly affect Lavoro Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lavoro Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lavoro Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lavoro Limited's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.