Binah Capital Correlations

BCG Stock

2.58 0.03 1.18%

The current 90-days correlation between Binah Capital Group, and U Power Limited is -0.25 (i.e., Very good diversification). The correlation of Binah Capital 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.

Binah Capital Correlation With Market

Significant diversification

The correlation between Binah Capital Group, and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Binah Capital Group, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Binah Stock

0.69

Ready Capital Corp

Pair Corr

Moving against Binah Stock

0.51	DYCQ	DT Cloud Acquisition	Pair Corr
0.38	MA	Mastercard	Pair Corr
0.38	VMCA	Valuence Merger Corp	Pair Corr
0.69	WAVS	Western Acquisition	Pair Corr
0.58	EVGR	Evergreen Corp	Pair Corr
0.52	WAVSU	Western Acquisition	Pair Corr
0.44	ANSCW	Agriculture Natural	Pair Corr
0.41	ESHA	ESH Acquisition Corp	Pair Corr
0.41	GDSTU	Goldenstone Acquisition	Pair Corr
0.36	DISTR	Distoken Acquisition	Pair Corr
0.31	EMCG	Embrace Change Acqui	Pair Corr
0.58	SCM	Stellus Capital Inve	Pair Corr
0.48	WHF	WhiteHorse Finance	Pair Corr

Related Correlations Analysis

	NI	LI	CNP	VC	CARS	MGA	UCAR	THO
NI		0.13	0.92	-0.42	0.56	0.82	-0.02	0.6	NI
LI	0.13		0.38	-0.32	-0.59	0.05	0.45	0.34	LI
CNP	0.92	0.38		-0.48	0.32	0.75	-0.05	0.71	CNP
VC	-0.42	-0.32	-0.48		0.2	-0.04	-0.11	-0.08	VC
CARS	0.56	-0.59	0.32	0.2		0.62	-0.44	0.24	CARS
MGA	0.82	0.05	0.75	-0.04	0.62		-0.07	0.73	MGA
UCAR	-0.02	0.45	-0.05	-0.11	-0.44	-0.07		0.11	UCAR
THO	0.6	0.34	0.71	-0.08	0.24	0.73	0.11		THO
	NI	LI	CNP	VC	CARS	MGA	UCAR	THO

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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

CNP	+ 0.92	NI
MGA	+ 0.82	NI
MGA	+ 0.75	CNP
THO	+ 0.73	MGA
THO	+ 0.71	CNP
MGA	+ 0.62	CARS

High negative correlations

CARS	- 0.59	LI
VC	- 0.48	CNP
UCAR	- 0.44	CARS
VC	- 0.42	NI
VC	- 0.32	LI
UCAR	- 0.11	VC

Risk-Adjusted Indicators

There is a big difference between Binah Stock performing well and Binah Capital 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 Binah Capital'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
NI	0.70	0.21	0.12	1.59	0.54	(0.83)	1.54	(1.23)	3.98
LI	3.31	0.48	0.09	1.47	3.96	(3.63)	10.62	(7.07)	25.86
CNP	0.87	0.28	0.12	176.66	0.95	(0.98)	1.80	(1.74)	5.92
VC	1.65	(0.26)	0.00	(0.07)	0.00	0.00	3.18	(4.17)	10.13
CARS	1.57	0.02	0.04	0.15	1.63	(1.88)	4.66	(2.75)	9.11
MGA	1.62	(0.02)	0.01	0.11	2.26	(1.52)	3.06	(3.95)	11.56
UCAR	3.39	0.15	(0.01)	(0.11)	4.32	(3.47)	6.41	(7.00)	16.60
THO	1.69	(0.12)	(0.02)	0.05	1.97	(1.83)	4.29	(2.77)	10.61

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