BacTech Environmental Correlations
| BCCEF Stock | USD 0.02 0 5.98% |
The current 90-days correlation between BacTech Environmental and BluMetric Environmental is -0.08 (i.e., Good diversification). The correlation of BacTech Environmental 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.
BacTech Environmental Correlation With Market
Significant diversification
The correlation between BacTech Environmental and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BacTech Environmental and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to BacTech Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BacTech Environmental 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 BacTech Environmental - 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 BacTech Environmental to buy it.
Moving against BacTech OTC Stock
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| 0.6 | APLD | Applied Blockchain Trending | PairCorr |
| 0.58 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.57 | SRCL | Stericycle | PairCorr |
| 0.57 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.46 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.45 | WM | Waste Management | PairCorr |
| 0.44 | GM | General Motors Aggressive Push | PairCorr |
| 0.43 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.4 | NVDA | NVIDIA | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between BacTech OTC Stock performing well and BacTech Environmental OTC Stock 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 BacTech Environmental'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEPOF | 3.54 | 0.95 | 0.08 | 1.51 | 3.46 | 18.18 | 50.41 | |||
| AGXXF | 1.20 | 0.25 | 0.00 | (0.13) | 1.99 | 5.26 | 16.96 | |||
| ECPL | 16.03 | 5.27 | 0.13 | (3.42) | 13.03 | 18.18 | 249.12 | |||
| CHRA | 5.53 | 0.63 | 0.05 | (0.43) | 6.11 | 30.70 | 50.46 | |||
| BTQNF | 1.29 | 0.01 | 0.00 | 0.10 | 0.00 | 1.87 | 39.99 | |||
| LICY | 6.66 | 0.50 | 0.06 | 0.93 | 6.70 | 14.15 | 55.51 | |||
| MEG | 3.52 | (0.82) | 0.00 | (1.64) | 0.00 | 6.31 | 27.87 | |||
| AWX | 2.14 | 0.38 | 0.11 | 2.32 | 1.92 | 4.84 | 27.10 | |||
| OCLN | 6.97 | 0.02 | 0.00 | 0.16 | 7.79 | 16.67 | 36.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BacTech Environmental 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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BacTech Environmental Corporate Management
Elected by the shareholders, the BacTech Environmental's board of directors comprises two types of representatives: BacTech Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BacTech. The board's role is to monitor BacTech Environmental's management team and ensure that shareholders' interests are well served. BacTech Environmental'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, BacTech Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.