Lupatech Related Correlations

LUPA3 Stock  BRL 1.85  0.01  0.54%   
Generate correlation matrix for Lupatech and other related equities to check the degree to which Lupatech SA price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Lupatech SA. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lupatech 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.
Please note, there is a significant difference between Lupatech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lupatech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lupatech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

P2LN34
BMOB3
A1LG34
D1EL34
MUTC34
CTSH34
P1EA34
P2LN34
0.350.560.450.820.02-0.3
P2LN34
BMOB3
0.350.380.40.44-0.35-0.24
BMOB3
A1LG34
0.560.380.820.720.56-0.88
A1LG34
D1EL34
0.450.40.820.780.53-0.74
D1EL34
MUTC34
0.820.440.720.780.23-0.49
MUTC34
CTSH34
0.02-0.350.560.530.23-0.66
CTSH34
P1EA34
-0.3-0.24-0.88-0.74-0.49-0.66
P1EA34
P2LN34
BMOB3
A1LG34
D1EL34
MUTC34
CTSH34
P1EA34
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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   
MUTC34P2LN34
D1EL34A1LG34
MUTC34D1EL34
MUTC34A1LG34
A1LG34P2LN34
CTSH34A1LG34
  
High negative correlations   
P1EA34A1LG34
P1EA34D1EL34
P1EA34CTSH34
P1EA34MUTC34
CTSH34BMOB3
P1EA34P2LN34

Risk-Adjusted Indicators

There is a big difference between Lupatech Stock performing well and Lupatech 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 Lupatech'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.