Burkhalter Holding Correlations

0QO2 Stock

159.80 2.72 1.73%

The correlation of Burkhalter Holding 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.

Burkhalter Holding Correlation With Market

Very weak diversification

The correlation between Burkhalter Holding AG and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Burkhalter Holding AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Burkhalter Stock

0.77	BC94	Samsung Electronics	Pair Corr
0.77	SMSN	Samsung Electronics	Pair Corr
0.73	SMSD	Samsung Electronics	Pair Corr
0.71	0LCV	Taiwan Semiconductor	Pair Corr
0.66	KAP	National Atomic	Pair Corr
0.76	0R6R	Axfood AB	Pair Corr
0.87	0NY8	Veolia Environnement Earnings Call Tomorrow	Pair Corr
0.73	AEP	Anglo-Eastern Plantations	Pair Corr
0.79	0QHL	Corbion NV Earnings Call Tomorrow	Pair Corr
0.83	YU	Yu Group PLC	Pair Corr
0.81	WVIA	Winvia Entertainment PLC	Pair Corr
0.77	GTE	Gran Tierra Energy	Pair Corr
0.81	0NX1	Aalberts Industries Earnings Call Tomorrow	Pair Corr
0.85	0QGU	CNH Industrial NV	Pair Corr
0.83	SRES	Sunrise Resources Plc	Pair Corr
0.63	S32	South32	Pair Corr
0.61	0RP8	Liechtensteinische	Pair Corr
0.83	0NR4	Wacker Chemie ON	Pair Corr
0.8	0IF3	Eastman Chemical	Pair Corr
0.78	BRFI	BlackRock Frontiers	Pair Corr
0.74	NRR	NewRiver REIT plc	Pair Corr
0.83	0HRZ	Cabot Oil Gas Earnings Call Tomorrow	Pair Corr
0.86	0HOU	BorgWarner	Pair Corr
0.85	EJFI	EJF Investments	Pair Corr
0.82	VOD	Vodafone Group PLC	Pair Corr

Moving against Burkhalter Stock

0.62	0R15	SoftBank Group Corp	Pair Corr
0.4	RIGD	Reliance Industries	Pair Corr
0.34	0LRL	Vuzix Corp	Pair Corr

Related Correlations Analysis

	BC94	SMSD	SMSN	TYT	GTCO	0LCV	RIGD	0RUK
BC94		1.0	1.0	0.86	0.88	0.96	-0.79	0.0	BC94
SMSD	1.0		1.0	0.86	0.87	0.95	-0.8	0.0	SMSD
SMSN	1.0	1.0		0.86	0.89	0.96	-0.78	0.0	SMSN
TYT	0.86	0.86	0.86		0.7	0.86	-0.68	0.0	TYT
GTCO	0.88	0.87	0.89	0.7		0.88	-0.59	0.0	GTCO
0LCV	0.96	0.95	0.96	0.86	0.88		-0.74	0.0	0LCV
RIGD	-0.79	-0.8	-0.78	-0.68	-0.59	-0.74		0.0	RIGD
0RUK	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0RUK
	BC94	SMSD	SMSN	TYT	GTCO	0LCV	RIGD	0RUK

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

SMSD	+ 1.0	BC94
SMSN	+ 1.0	BC94
SMSN	+ 1.0	SMSD
0LCV	+ 0.96	BC94
0LCV	+ 0.96	SMSN
0LCV	+ 0.95	SMSD

High negative correlations

RIGD	- 0.8	SMSD
RIGD	- 0.79	BC94
RIGD	- 0.78	SMSN
RIGD	- 0.74	0LCV
RIGD	- 0.68	TYT
RIGD	- 0.59	GTCO

Risk-Adjusted Indicators

There is a big difference between Burkhalter Stock performing well and Burkhalter Holding 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 Burkhalter Holding'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BC94	2.11	1.20	0.43	(1.46)	1.58	(2.55)	5.77	(3.43)	13.29
SMSD	2.06	1.12	0.40	(1.08)	1.46	(2.60)	5.44	(3.23)	12.16
SMSN	2.27	1.23	0.47	(1.69)	1.55	(2.80)	6.03	(3.18)	11.22
TYT	1.27	0.29	0.09	(63.26)	1.30	(1.66)	3.26	(2.29)	10.55
GTCO	3.25	0.69	0.13	5.27	3.54	(4.14)	8.83	(5.20)	23.04
0LCV	1.65	0.52	0.22	(14.11)	1.55	(1.99)	4.96	(2.70)	10.72
RIGD	1.00	(0.13)	0.00	(1.63)	0.00	0.00	1.60	(2.66)	7.27
0RUK	0.00	0.00	0.00	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 Burkhalter Holding 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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