Schulz SA Correlations

Preferred Stocks . Brazil . 
Preferred Stock . Schulz SA
SHUL4 Preferred Stock  BRL 5.44  0.06  1.12%   
The current 90-days correlation between Schulz SA and PBG SA is 0.1 (i.e., Average diversification). The correlation of Schulz 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.

Schulz SA Correlation With Market

Significant diversification

The correlation between Schulz SA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schulz SA and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Schulz 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 Schulz 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 Schulz 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 Schulz SA to buy it.

Moving together with Schulz Preferred Stock

  0.64PETR3 Petrleo BrasileiroPairCorr
  0.82GOAU3 Metalurgica GerdauPairCorr
  0.81GOAU4 Metalurgica GerdauPairCorr
  0.79SLBG34 Schlumberger LimitedPairCorr
  0.74OIBR3 Oi SAPairCorr
  0.62KLBN3 Klabin SAPairCorr

Moving against Schulz Preferred Stock

  0.65BSLI4 BRB BancoPairCorr
  0.63CYRE3 Cyrela Brazil RealtyPairCorr
  0.63CTKA4 Karsten SAPairCorr
  0.62BEES3 Banestes SAPairCorr
  0.59BEES4 Banestes SAPairCorr
  0.58EGIE3 Engie Brasil EnergiaPairCorr
  0.57BGIP4 Banco do EstadoPairCorr
  0.52UNIP5 Unipar CarbocloroPairCorr
  0.47SLCE3 SLC Agrcola SAPairCorr
  0.42LOGG3 LOG Commercial PropertiesPairCorr
  0.42SANB4 Banco Santander SAPairCorr
  0.42MATD3 Hospital Mater DeiPairCorr
  0.4U1LT34 Ulta BeautyPairCorr
  0.39HYPE3 Hypera SAPairCorr
  0.31BRSR5 Banco do EstadoPairCorr
  0.77FMXB34 Fomento Econmico MexPairCorr
  0.64GMAT3 Grupo Mateus SAPairCorr
  0.59BMOB3 Bemobi Mobile TechPairCorr
  0.54F1FI34 F5, IncPairCorr
  0.52DIRR3 Direcional EngenhariaPairCorr
  0.48ATMP3 ATMA ParticipaesPairCorr
  0.46CPLE6 Companhia ParanaensePairCorr
  0.45HBSA3 Hidrovias do BrasilPairCorr
  0.45TASA4 Taurus Armas SA SplitPairCorr
  0.43TAEE3 Transmissora AlianaPairCorr

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   
MOVI3
+ 0.71
PTBL3
ROMI3
+ 0.64
PRIO3
PRIO3
+ 0.18
PTBL3
ROMI3
+ 0.18
PTBL3
TUPY3
+ 0.04
PTBL3
ROMI3
+ 0.03
TUPY3
  
High negative correlations   
PRIO3
- 0.43
TUPY3
PRIO3
- 0.11
MOVI3
TUPY3
- 0.06
MOVI3
ROMI3
- 0.02
MOVI3

Risk-Adjusted Indicators

There is a big difference between Schulz Preferred Stock performing well and Schulz SA 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 Schulz 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Schulz SA 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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Schulz SA Corporate Executives

Elected by the shareholders, the Schulz SA's board of directors comprises two types of representatives: Schulz SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Schulz. The board's role is to monitor Schulz SA's management team and ensure that shareholders' interests are well served. Schulz 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, Schulz SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Denis SonciniChief Operating Officer of Compressors Division, Member of the Executive BoardProfile
Bruno SalmeronChief Operating Officer of Automotive Division, Member of the Executive BoardProfile
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