Telefnica Brasil Correlations
| VIVT3 Stock | BRL 46.45 0.05 0.11% |
The correlation of Telefnica Brasil 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 Telefnica Brasil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telefnica Brasil 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.
Average diversification
The correlation between Telefnica Brasil SA and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefnica Brasil SA and NYA in the same portfolio, assuming nothing else is changed.
Telefnica |
The ability to find closely correlated positions to Telefnica Brasil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telefnica Brasil 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 Telefnica Brasil - 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 Telefnica Brasil SA to buy it.
Moving together with Telefnica Stock
Moving against Telefnica Stock
| 0.8 | JPMC34 | JPMorgan Chase | PairCorr |
| 0.77 | TLNC34 | Telefnica SA | PairCorr |
| 0.74 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.7 | T1MU34 | T Mobile | PairCorr |
| 0.7 | ATTB34 | ATT Inc | PairCorr |
| 0.64 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.64 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.56 | VERZ34 | Verizon Communications | PairCorr |
| 0.56 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.55 | V1OD34 | Vodafone Group Public | PairCorr |
| 0.46 | NMRH34 | Nomura Holdings | PairCorr |
| 0.41 | B1SA34 | Banco Santander Chile | PairCorr |
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 Telefnica Brasil 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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Telefnica Brasil Corporate Management
Elected by the shareholders, the Telefnica Brasil's board of directors comprises two types of representatives: Telefnica Brasil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telefnica. The board's role is to monitor Telefnica Brasil's management team and ensure that shareholders' interests are well served. Telefnica Brasil'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, Telefnica Brasil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David SanchezFriera | Chief Officer | Profile | |
| Luis Plaster | Investor Director | Profile | |
| Breno Oliveira | General Secretary and Legal Officer | Profile | |
| Christian Gebara | CEO Director | Profile | |
| Paula Mansur | Chief Officer | Profile | |
| Joo Carneiro | Investor Officer | Profile |
Already Invested in Telefnica Brasil SA?
The danger of trading Telefnica Brasil 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 Telefnica Brasil 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 Telefnica Brasil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Telefnica Brasil 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 Telefnica Brasil 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 Telefnica Brasil information on this page should be used as a complementary analysis to other Telefnica Brasil'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Telefnica Stock analysis
When running Telefnica Brasil's price analysis, check to measure Telefnica Brasil'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 Telefnica Brasil is operating at the current time. Most of Telefnica Brasil's value examination focuses on studying past and present price action to predict the probability of Telefnica Brasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Telefnica Brasil's price. Additionally, you may evaluate how the addition of Telefnica Brasil to your portfolios can decrease your overall portfolio volatility.
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