CIG Companhia Energetica De Minas Gerais-CEMIG

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

CIG vs EWZ

Both indexed to 100 at 2026-05-11.

CIG EWZ · range 75–114 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

EWZ iShares MSCI Brazil ETF

ρ +0.76beyond mkt +0.72holdout +0.78stable 100%robust

SBS COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S

ρ +0.71beyond mkt +0.64holdout +0.77stable 100%robust

BSBR BANCO SANTANDER (BRASIL) SA

ρ +0.62beyond mkt +0.53holdout +0.56stable 100%robust

UGP Ultrapar Participacoes S.A.

ρ +0.59beyond mkt +0.52holdout +0.54stable 100%robust

ABEV AMBEV S.A.

ρ +0.57beyond mkt +0.47holdout +0.65stable 100%robust

INTR Inter & Co. Inc. Class A Common Shares

ρ +0.53beyond mkt +0.43holdout +0.56stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

EFNL iShares MSCI Finland ETF

horizon 5dρ +0.31holdout +0.08stable 75%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

UFI UNIFI, Inc. New

Δ -0.48recent -0.40prior +0.09beyond mkt -0.07

CGTL Creative Global Technology Holdings Limited Class A Ordinary Shares

Δ -0.45recent -0.37prior +0.08beyond mkt -0.02

DLHC DLH Holdings Corp.

Δ +0.45recent +0.49prior +0.04beyond mkt +0.04

SGRX SANGRIX INC. Class A Ordinary Shares

Δ -0.43recent -0.32prior +0.10beyond mkt -0.08

BBVA Banco Bilbao Vizcaya Argentaria, S.A.

Δ -0.40recent -0.05prior +0.35beyond mkt +0.04

HOFT Hooker Furnishings Corporation Common Stock

Δ -0.40recent -0.31prior +0.09beyond mkt -0.03

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
STNE StoneCo Ltd. Class A Common Shares	+0.37	+0.45	19
ABEV AMBEV S.A.	+0.47	+0.57	22
GGB Gerdau S.A.	+0.39	+0.50	21
SBS COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S	+0.64	+0.71	25
BSBR BANCO SANTANDER (BRASIL) SA	+0.53	+0.62	25
UGP Ultrapar Participacoes S.A.	+0.52	+0.59	25