TIM SA Correlations
| TIMS3 Stock | BRL 17.49 0.07 0.40% |
The correlation of TIM 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TIM SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TIM SA 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.
Significant diversification
The correlation between TIM SA and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TIM SA and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to TIM 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 TIM 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 TIM 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 TIM SA to buy it.
Moving together with TIM Stock
Moving against TIM Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in TIM 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.Did you try this?
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TIM SA Corporate Management
Elected by the shareholders, the TIM SA's board of directors comprises two types of representatives: TIM SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TIM. The board's role is to monitor TIM SA's management team and ensure that shareholders' interests are well served. TIM 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, TIM SA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vicente Ferreira | Investor Officer | Profile | |
| Mario Girasole | Regulatory Officer | Profile | |
| Maria Russo | HR Officer | Profile | |
| Leonardo Capdeville | Chief Officer | Profile | |
| Alberto Griselli | CEO Director | Profile | |
| Camille Faria | CFO Officer | Profile | |
| Jaques Horn | Legal Sec | Profile |
Already Invested in TIM SA?
The danger of trading TIM SA 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 TIM SA 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 TIM SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TIM SA 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TIM SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the TIM SA information on this page should be used as a complementary analysis to other TIM SA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for TIM Stock analysis
When running TIM SA's price analysis, check to measure TIM SA'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 TIM SA is operating at the current time. Most of TIM SA's value examination focuses on studying past and present price action to predict the probability of TIM SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TIM SA's price. Additionally, you may evaluate how the addition of TIM SA to your portfolios can decrease your overall portfolio volatility.
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