Raia Drogasil Correlations

RADLY Stock

USD 4.65 0.27 6.16%

The current 90-days correlation between Raia Drogasil SA and Clicks Group is 0.08 (i.e., Significant diversification). The correlation of Raia Drogasil 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.

Raia Drogasil Correlation With Market

Significant diversification

The correlation between Raia Drogasil SA and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raia Drogasil SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Raia Pink Sheet

0.79	PPERY	Bank Mandiri Persero	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.72	SHG	Shinhan Financial	Pair Corr
0.78	ARR	ARMOUR Residential REIT	Pair Corr
0.75	COHN	Cohen Company Normal Trading	Pair Corr
0.81	ENS	Enersys	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.78	MRK	Merck Company	Pair Corr
0.75	MMM	3M Company	Pair Corr
0.69	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Raia Pink Sheet

0.73	ALBHF	Alibaba Health Infor	Pair Corr
0.69	ALBBY	Alibaba Health Infor	Pair Corr
0.43	CLCGY	Clicks Group	Pair Corr
0.35	SUME	Summer Energy Holdings	Pair Corr
0.71	MSFT	Microsoft	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.66	BA	Boeing	Pair Corr
0.56	DIS	Walt Disney	Pair Corr
0.53	PG	Procter Gamble	Pair Corr
0.35	CVX	Chevron Corp	Pair Corr
0.33	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	CLCGY	MSMKF	CSMYF	GNGBY	CNVVF	SHPMY	DSRLF	WLCGF	CNVVY	FLMNF
CLCGY		-0.04	0.0	0.57	-0.12	-0.06	0.51	0.0	0.66	0.0	CLCGY
MSMKF	-0.04		0.0	0.22	-0.09	0.59	-0.28	0.0	0.16	0.0	MSMKF
CSMYF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CSMYF
GNGBY	0.57	0.22	0.0		0.02	-0.06	0.16	0.0	0.59	0.0	GNGBY
CNVVF	-0.12	-0.09	0.0	0.02		-0.45	0.03	0.0	0.01	0.0	CNVVF
SHPMY	-0.06	0.59	0.0	-0.06	-0.45		-0.21	0.0	-0.08	0.0	SHPMY
DSRLF	0.51	-0.28	0.0	0.16	0.03	-0.21		0.0	0.61	0.0	DSRLF
WLCGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WLCGF
CNVVY	0.66	0.16	0.0	0.59	0.01	-0.08	0.61	0.0		0.0	CNVVY
FLMNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FLMNF
	CLCGY	MSMKF	CSMYF	GNGBY	CNVVF	SHPMY	DSRLF	WLCGF	CNVVY	FLMNF

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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

CNVVY	+ 0.66	CLCGY
CNVVY	+ 0.61	DSRLF
SHPMY	+ 0.59	MSMKF
CNVVY	+ 0.59	GNGBY
GNGBY	+ 0.57	CLCGY
DSRLF	+ 0.51	CLCGY

High negative correlations

SHPMY	- 0.45	CNVVF
DSRLF	- 0.28	MSMKF
DSRLF	- 0.21	SHPMY
CNVVF	- 0.12	CLCGY
CNVVF	- 0.09	MSMKF
CNVVY	- 0.08	SHPMY

Risk-Adjusted Indicators

There is a big difference between Raia Pink Sheet performing well and Raia Drogasil 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 Raia Drogasil'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CLCGY	1.07	(0.14)	(0.13)	1.91	(2.57)	7.61
MSMKF	39.24	(20.16)	1.74	0.00	(120.61)	585.24
CSMYF	0.00	0.00	0.00	0.00	0.00	0.00
GNGBY	1.13	(0.07)	(0.02)	2.48	(2.16)	6.84
CNVVF	0.98	(0.07)	0.75	0.00	(3.17)	20.87
SHPMY	0.43	0.00	(0.02)	0.00	0.00	14.70
DSRLF	1.18	(0.45)	(1.70)	0.54	(2.11)	17.67
WLCGF	0.00	0.00	0.00	0.00	0.00	0.00
CNVVY	1.27	(0.10)	(0.08)	2.30	(2.78)	9.81
FLMNF	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Raia Drogasil 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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Raia Drogasil Corporate Management

Eugnio Zagottis	IR, Planning	Profile
Ligia Mendes	Controllership charge	Profile
Fernando Varela	Chief Technology and Logistics Officer, Member of the Executive Board	Profile
Gabriel Rozenberg	IR Director	Profile

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