Volatility

Roa

Log_tam

Dummy small sized

Change assets

Market to book

Sales growth

Industry

Commerce

Service

Volatility

1.000

Roa

−0.016

1.000

Log_tam

−0.241

0.007

1.000

Dummy small sized

0.058

0.000

−0.707

1.000

Change assets

−0.012

−0.069

0.147

−0.086

1.000

Market to book

−0.011

−0.001

0.013

−0.013

0.035

1.000

Sales growth

−0.002

0.000

0.006

−0.005

0.231

0.001

1.000

Industry

0.057

−0.003

−0.044

0.109

0.016

0.008

0.010

1.000

Commerce

−0.024

−0.002

−0.037

0.023

0.018

0.025

−0.016

−0.345

1.000

Service

−0.036

0.004

0.071

−0.122

−0.029

−0.027

0.003

−0.691

−0.441

1.000