Cosan SA Correlations

CSAN Stock

USD 4.94 0.23 4.45%

The current 90-days correlation between Cosan SA ADR and Delek Energy is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cosan SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosan SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cosan SA Correlation With Market

Very good diversification

The correlation between Cosan SA ADR and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cosan SA ADR and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cosan SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Cosan Stock

0.7	DINO	HF Sinclair Corp	Pair Corr
0.7	DK	Delek Energy	Pair Corr
0.68	CVI	CVR Energy	Pair Corr
0.69	DKL	Delek Logistics Partners	Pair Corr
0.76	MPC	Marathon Petroleum Corp	Pair Corr
0.61	PBF	PBF Energy	Pair Corr
0.64	VLO	Valero Energy Sell-off Trend	Pair Corr
0.71	WKC	World Kinect	Pair Corr
0.63	PARR	Par Pacific Holdings	Pair Corr
0.64	CLNE	Clean Energy Fuels	Pair Corr
0.7	E	Eni SpA ADR	Pair Corr
0.73	AM	Antero Midstream Partners	Pair Corr
0.65	EE	Excelerate Energy	Pair Corr
0.74	NE	Noble plc Sell-off Trend	Pair Corr
0.61	PR	Permian Resources	Pair Corr
0.72	TK	Teekay	Pair Corr
0.62	DLNG	Dynagas LNG Partners	Pair Corr

Moving against Cosan Stock

0.6	SGU	Star Gas Partners	Pair Corr
0.38	PTLE	PTL LTD Ordinary	Pair Corr

Related Correlations Analysis

	DK	CAPL	PARR	VVV	SGU	SPTJF	NTOIY	DINO	DKL	CVI
DK		-0.33	0.93	0.62	-0.65	0.68	0.75	0.94	0.85	0.96	DK
CAPL	-0.33		-0.51	-0.07	0.44	-0.34	-0.24	-0.32	0.04	-0.41	CAPL
PARR	0.93	-0.51		0.49	-0.67	0.63	0.69	0.94	0.67	0.97	PARR
VVV	0.62	-0.07	0.49		-0.53	0.32	0.71	0.65	0.71	0.55	VVV
SGU	-0.65	0.44	-0.67	-0.53		-0.46	-0.82	-0.67	-0.46	-0.65	SGU
SPTJF	0.68	-0.34	0.63	0.32	-0.46		0.56	0.68	0.44	0.72	SPTJF
NTOIY	0.75	-0.24	0.69	0.71	-0.82	0.56		0.79	0.67	0.74	NTOIY
DINO	0.94	-0.32	0.94	0.65	-0.67	0.68	0.79		0.76	0.97	DINO
DKL	0.85	0.04	0.67	0.71	-0.46	0.44	0.67	0.76		0.72	DKL
CVI	0.96	-0.41	0.97	0.55	-0.65	0.72	0.74	0.97	0.72		CVI
	DK	CAPL	PARR	VVV	SGU	SPTJF	NTOIY	DINO	DKL	CVI

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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

CVI	+ 0.97	PARR
CVI	+ 0.97	DINO
CVI	+ 0.96	DK
DINO	+ 0.94	DK
DINO	+ 0.94	PARR
PARR	+ 0.93	DK

High negative correlations

NTOIY	- 0.82	SGU
DINO	- 0.67	SGU
SGU	- 0.67	PARR
CVI	- 0.65	SGU
SGU	- 0.65	DK
SGU	- 0.53	VVV

Risk-Adjusted Indicators

There is a big difference between Cosan Stock performing well and Cosan 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 Cosan 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DK	3.19	0.39	0.07	(2.45)	4.37	(3.22)	8.37	(6.38)	21.30
CAPL	1.40	(0.12)	0.00	(5.67)	0.00	0.00	2.54	(2.66)	11.42
PARR	2.91	0.99	0.25	1.09	3.06	(3.32)	7.59	(4.63)	16.21
VVV	1.63	0.09	0.04	0.16	2.02	(1.74)	3.85	(3.82)	11.32
SGU	0.99	(0.18)	0.00	(0.71)	0.00	0.00	1.77	(2.32)	5.53
SPTJF	2.42	0.49	0.00	(2.63)	0.00	0.00	7.14	(6.67)	36.81
NTOIY	2.70	0.60	0.17	(10.56)	2.67	(3.05)	5.33	(4.13)	18.17
DINO	1.99	0.31	0.09	0.29	2.99	(2.03)	4.34	(5.95)	16.40
DKL	1.41	0.04	0.00	(0.15)	2.38	(1.23)	2.60	(3.24)	7.71
CVI	2.67	0.54	0.15	9.21	3.06	(2.97)	5.20	(4.27)	19.44

Cosan SA Corporate Management

Leonardo Pontes	Chief Investimentos	Profile
Ana Perina	Investor Mang	Profile
Marcelo Martins	Vice Chairman of the Board, Chief Financial and Investor Relations Officer, Member of the Executive Board	Profile
Antonio Junior	Chief Comgs	Profile
Antnio Rodrigues	Chief Comgs	Profile
Jose Scheinkman	Independent Director	Profile
Ricardo Mussa	CEO SA	Profile

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