Parque Dom Correlations

PQDP11 Fund

BRL 2,411 27.98 1.15%

The current 90-days correlation between Parque Dom Pedro and Plano Plano Desenvolvimento is 0.06 (i.e., Significant diversification). The correlation of Parque Dom 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.

Parque Dom Correlation With Market

Good diversification

The correlation between Parque Dom Pedro and DJI 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 Parque Dom Pedro and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	H1UM34	BTLG11	PLPL3	S1YM34	C1AB34	ATMP3	B1TI34	BUSR39	BIYE39	WUNI34
H1UM34		0.04	-0.72	-0.73	0.82	0.04	-0.64	-0.05	-0.54	0.72	H1UM34
BTLG11	0.04		0.07	-0.21	0.15	0.59	-0.23	0.27	-0.35	0.32	BTLG11
PLPL3	-0.72	0.07		0.58	-0.79	0.1	0.47	0.01	0.4	-0.57	PLPL3
S1YM34	-0.73	-0.21	0.58		-0.65	-0.22	0.86	-0.15	0.63	-0.87	S1YM34
C1AB34	0.82	0.15	-0.79	-0.65		0.09	-0.61	-0.09	-0.56	0.76	C1AB34
ATMP3	0.04	0.59	0.1	-0.22	0.09		-0.3	0.51	-0.45	0.39	ATMP3
B1TI34	-0.64	-0.23	0.47	0.86	-0.61	-0.3		-0.07	0.68	-0.84	B1TI34
BUSR39	-0.05	0.27	0.01	-0.15	-0.09	0.51	-0.07		-0.22	0.32	BUSR39
BIYE39	-0.54	-0.35	0.4	0.63	-0.56	-0.45	0.68	-0.22		-0.74	BIYE39
WUNI34	0.72	0.32	-0.57	-0.87	0.76	0.39	-0.84	0.32	-0.74		WUNI34
	H1UM34	BTLG11	PLPL3	S1YM34	C1AB34	ATMP3	B1TI34	BUSR39	BIYE39	WUNI34

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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

B1TI34	+ 0.86	S1YM34
C1AB34	+ 0.82	H1UM34
WUNI34	+ 0.76	C1AB34
WUNI34	+ 0.72	H1UM34
BIYE39	+ 0.68	B1TI34
BIYE39	+ 0.63	S1YM34

High negative correlations

WUNI34	- 0.87	S1YM34
WUNI34	- 0.84	B1TI34
C1AB34	- 0.79	PLPL3
WUNI34	- 0.74	BIYE39
S1YM34	- 0.73	H1UM34
PLPL3	- 0.72	H1UM34

Risk-Adjusted Indicators

There is a big difference between Parque Fund performing well and Parque Dom Fund 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 Parque Dom'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
H1UM34	1.66	(0.50)	0.00	(23.14)	0.00	0.00	2.96	(5.29)	12.07
BTLG11	0.31	0.00	(0.39)	0.30	0.38	(0.37)	0.89	(0.67)	2.85
PLPL3	2.14	0.18	0.00	(6.09)	2.28	(2.46)	5.09	(4.03)	11.86
S1YM34	0.42	0.21	0.00	3.89	0.00	0.00	0.34	0.00	5.00
C1AB34	3.14	(0.66)	0.00	(4.19)	0.00	0.00	7.08	(8.56)	49.08
ATMP3	3.06	0.00	(0.03)	0.00	3.77	(3.92)	7.02	(8.00)	24.81
B1TI34	1.33	0.26	0.07	1.83	1.43	(1.51)	2.84	(2.16)	6.84
BUSR39	0.91	0.01	(0.11)	0.23	1.21	(0.90)	2.14	(1.92)	5.64
BIYE39	1.10	0.15	(0.05)	(0.24)	1.27	(1.35)	2.96	(2.61)	6.95
WUNI34	1.56	(0.41)	0.00	(0.50)	0.00	0.00	2.82	(3.75)	12.99

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Our tools can tell you how much better you can do entering a position in Parque Dom 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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