BIRD CONSTRUCTION Correlations
| 6LT Stock | EUR 18.60 0.20 1.06% |
The current 90-days correlation between BIRD CONSTRUCTION and Alior Bank SA is 0.23 (i.e., Modest diversification). The correlation of BIRD CONSTRUCTION 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.
BIRD CONSTRUCTION Correlation With Market
Poor diversification
The correlation between BIRD STRUCTION and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BIRD STRUCTION and DJI in the same portfolio, assuming nothing else is changed.
BIRD |
The ability to find closely correlated positions to BIRD CONSTRUCTION could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIRD CONSTRUCTION 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 BIRD CONSTRUCTION - 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 BIRD STRUCTION to buy it.
Moving together with BIRD Stock
| 0.61 | 0S6 | Cerence Earnings Call Today | PairCorr |
| 0.74 | 38I | Intellia Therapeutics | PairCorr |
| 0.66 | 6HS | Horseshoe Metals | PairCorr |
| 0.71 | NEF | NESTE OIL Earnings Call Tomorrow | PairCorr |
| 0.63 | SSU | Samsung Electronics | PairCorr |
| 0.77 | UEO | Westlake Chemical | PairCorr |
| 0.75 | GCB | PTT Global Chemical | PairCorr |
| 0.75 | ARW | Arrow Electronics Earnings Call Tomorrow | PairCorr |
Moving against BIRD Stock
| 0.75 | MBJ | MBIA | PairCorr |
| 0.58 | SNB1 | SOCKET MOBILE NEW | PairCorr |
| 0.46 | TLIK | TELES Informationstech | PairCorr |
| 0.36 | BT3 | BIOTIME | PairCorr |
| 0.35 | TZO | Tsodilo Resources | PairCorr |
| 0.31 | BDD | CONICO LTD Split | PairCorr |
| 0.76 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.53 | SOBA | ATT Inc | PairCorr |
| 0.5 | MUM | Mensch und Maschine | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BIRD Stock performing well and BIRD CONSTRUCTION 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 BIRD CONSTRUCTION'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| A6O | 1.37 | 0.13 | 0.05 | (1.92) | 1.51 | 3.12 | 7.05 | |||
| CQD | 1.85 | (0.23) | 0.00 | (1.02) | 0.00 | 2.67 | 10.58 | |||
| RN7 | 1.28 | 0.15 | 0.06 | 0.36 | 1.47 | 2.79 | 8.01 | |||
| ISHA | 2.46 | 0.24 | 0.06 | (0.62) | 2.57 | 6.35 | 17.08 | |||
| CBR | 0.75 | 0.17 | 0.09 | 3.14 | 0.65 | 2.21 | 5.28 | |||
| 6TF0 | 1.53 | 0.04 | (0.02) | (0.02) | 1.62 | 4.50 | 9.61 | |||
| EV9 | 2.70 | 0.64 | 0.25 | 0.72 | 2.06 | 8.06 | 30.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BIRD CONSTRUCTION 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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BIRD CONSTRUCTION Corporate Management
Elected by the shareholders, the BIRD CONSTRUCTION's board of directors comprises two types of representatives: BIRD CONSTRUCTION inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BIRD. The board's role is to monitor BIRD CONSTRUCTION's management team and ensure that shareholders' interests are well served. BIRD CONSTRUCTION'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, BIRD CONSTRUCTION's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brian Henry | Chief Officer | Profile | |
| Yonni JD | Executive Officer | Profile | |
| Paul CET | Executive East | Profile | |
| Gilles PEng | Chief Officer | Profile | |
| Richard Begg | Chief Officer | Profile | |
| BCom CPA | Senior Development | Profile |