Beacon Financial Correlations

BBT Stock

USD 26.90 0.15 0.55%

The current 90-days correlation between Beacon Financial and Sixth Street Specialty is 0.32 (i.e., Weak diversification). The correlation of Beacon Financial 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.

Beacon Financial Correlation With Market

Weak diversification

The correlation between Beacon Financial and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beacon Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Beacon Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Beacon Stock please use our How to Invest in Beacon Financial guide.

Moving together with Beacon Stock

0.83	C	Citigroup Aggressive Push	Pair Corr
0.89	CM	Canadian Imperial Bank	Pair Corr
0.66	KB	KB Financial Group	Pair Corr
0.63	NU	Nu Holdings Aggressive Push	Pair Corr
0.83	RY	Royal Bank	Pair Corr
0.84	TD	Toronto Dominion Bank	Pair Corr
0.73	FITB	Fifth Third Bancorp	Pair Corr
0.82	BAC	Bank of America Aggressive Push	Pair Corr
0.65	BAP	Credicorp	Pair Corr
0.79	BCH	Banco De Chile	Pair Corr
0.89	BCS	Barclays PLC ADR Aggressive Push	Pair Corr
0.89	BNS	Bank of Nova Scotia	Pair Corr
0.73	BMA	Banco Macro SA	Pair Corr
0.88	BNS	Bank of Nova Scotia	Pair Corr
0.78	CIB	Grupo Cibest SA	Pair Corr
0.84	CMA	Comerica Incorporated	Pair Corr
0.71	CABP	CAB Payments Holdings	Pair Corr
0.82	ING	ING Group NV	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.88	LYG	Lloyds Banking Group Aggressive Push	Pair Corr
0.82	MFG	Mizuho Financial	Pair Corr
0.91	NTB	Bank of NT	Pair Corr
0.88	NWG	Natwest Group PLC Normal Trading	Pair Corr
0.88	SAN	Banco Santander SA	Pair Corr
0.81	USB	US Bancorp	Pair Corr
0.82	WFC	Wells Fargo Sell-off Trend	Pair Corr
0.63	GGAL	Grupo Financiero Galicia	Pair Corr
0.88	NA	National Bank	Pair Corr

Moving against Beacon Stock

0.66	IBN	ICICI Bank Limited	Pair Corr
0.52	TBCG	TBC Bank Group	Pair Corr
0.48	600016	China Minsheng Banking	Pair Corr
0.42	600000	Shanghai Pudong Deve	Pair Corr
0.37	601169	Bank of Beijing	Pair Corr

Related Correlations Analysis

	TSLX	ECC	GCMG	BUR	SII	WT	EFSC	PAX	GRAB	TY
TSLX		0.25	0.42	0.27	0.14	0.34	0.51	0.41	0.21	0.13	TSLX
ECC	0.25		0.14	0.58	-0.12	0.49	0.43	-0.29	0.62	0.5	ECC
GCMG	0.42	0.14		0.44	-0.04	0.65	0.41	0.02	0.46	-0.21	GCMG
BUR	0.27	0.58	0.44		-0.41	0.74	0.48	-0.51	0.66	0.16	BUR
SII	0.14	-0.12	-0.04	-0.41		0.02	0.38	0.8	-0.41	-0.37	SII
WT	0.34	0.49	0.65	0.74	0.02		0.66	-0.13	0.67	-0.09	WT
EFSC	0.51	0.43	0.41	0.48	0.38	0.66		0.3	0.16	-0.17	EFSC
PAX	0.41	-0.29	0.02	-0.51	0.8	-0.13	0.3		-0.5	-0.28	PAX
GRAB	0.21	0.62	0.46	0.66	-0.41	0.67	0.16	-0.5		0.42	GRAB
TY	0.13	0.5	-0.21	0.16	-0.37	-0.09	-0.17	-0.28	0.42		TY
	TSLX	ECC	GCMG	BUR	SII	WT	EFSC	PAX	GRAB	TY

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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

PAX	+ 0.8	SII
WT	+ 0.74	BUR
GRAB	+ 0.67	WT
GRAB	+ 0.66	BUR
EFSC	+ 0.66	WT
WT	+ 0.65	GCMG

High negative correlations

PAX	- 0.51	BUR
GRAB	- 0.5	PAX
GRAB	- 0.41	SII
SII	- 0.41	BUR
TY	- 0.37	SII
PAX	- 0.29	ECC

Risk-Adjusted Indicators

There is a big difference between Beacon Stock performing well and Beacon Financial 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 Beacon Financial'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
TSLX	0.97	(0.11)	0.00	(0.03)	0.00	0.00	1.73	(2.42)	7.10
ECC	1.39	(0.14)	0.00	(0.19)	0.00	0.00	2.56	(2.84)	10.05
GCMG	0.91	(0.12)	0.00	(0.11)	0.00	0.00	1.92	(2.64)	5.98
BUR	1.72	(0.43)	0.00	(3.15)	0.00	0.00	3.18	(3.77)	15.16
SII	1.71	0.25	0.09	0.36	2.29	(1.66)	3.20	(3.89)	11.26
WT	1.34	(0.28)	0.00	(0.28)	0.00	0.00	2.38	(2.37)	5.78
EFSC	1.13	(0.16)	0.00	(0.08)	0.00	0.00	2.90	(2.95)	8.56
PAX	1.12	0.09	0.06	0.19	1.19	(1.13)	2.22	(2.21)	5.73
GRAB	1.78	(0.39)	0.00	(0.16)	0.00	0.00	4.62	(4.32)	12.33
TY	0.56	(0.10)	0.00	(0.06)	0.00	0.00	1.01	(0.89)	7.86

Beacon Financial Corporate Management

Dario Hernandez	VP Counsel	Profile
Mark Meiklejohn	Chief Officer	Profile
Jacqueline Courtwright	Chief Officer	Profile
Sean Gray	Chief Officer	Profile
Gordon Esq	General Secretary	Profile
Michael Esq	Chief Officer	Profile

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