BrainChip Holdings Correlations
| BCHPY Stock | USD 6.42 0.37 5.45% |
The current 90-days correlation between BrainChip Holdings and NVE Corporation is -0.2 (i.e., Good diversification). The correlation of BrainChip Holdings 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.
BrainChip Holdings Correlation With Market
Good diversification
The correlation between BrainChip Holdings and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BrainChip Holdings and DJI in the same portfolio, assuming nothing else is changed.
BrainChip |
The ability to find closely correlated positions to BrainChip Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BrainChip Holdings 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 BrainChip Holdings - 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 BrainChip Holdings to buy it.
Moving together with BrainChip OTC Stock
| 0.8 | NVDA | NVIDIA | PairCorr |
| 0.73 | TSM | Taiwan Semiconductor Fiscal Year End 16th of January 2025 | PairCorr |
| 0.62 | AVGO | Broadcom Earnings Call This Week | PairCorr |
| 0.7 | MU | Micron Technology Sell-off Trend | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.77 | HD | Home Depot | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against BrainChip OTC Stock
| 0.72 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | BKRKY | Bank Rakyat | PairCorr |
| 0.65 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.58 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.4 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.38 | PG | Procter Gamble Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between BrainChip OTC Stock performing well and BrainChip Holdings 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 BrainChip Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POWI | 1.90 | (0.19) | (0.03) | 0.03 | 2.45 | 3.97 | 11.40 | |||
| MTSI | 2.08 | 0.16 | 0.10 | 0.22 | 2.38 | 5.00 | 17.09 | |||
| ICG | 4.12 | (0.09) | (0.01) | 0.02 | 8.54 | 9.69 | 72.63 | |||
| VSH | 1.76 | (0.29) | 0.00 | (0.01) | 0.00 | 4.23 | 10.99 | |||
| NVEC | 1.56 | (0.33) | 0.00 | (0.02) | 0.00 | 2.82 | 16.16 | |||
| SLAB | 2.13 | (0.36) | 0.00 | (0.01) | 0.00 | 3.67 | 14.95 | |||
| DIOD | 2.29 | (0.31) | 0.00 | (0.01) | 0.00 | 4.92 | 12.81 | |||
| POET | 4.25 | 0.96 | 0.24 | (2.19) | 2.82 | 12.20 | 46.07 | |||
| ALGM | 2.66 | (0.41) | 0.00 | (0.05) | 0.00 | 5.36 | 13.48 | |||
| NVTS | 4.78 | (0.31) | (0.01) | 0.03 | 5.04 | 10.91 | 28.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BrainChip Holdings 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?
Run Top Crypto Exchanges Now
Top Crypto ExchangesSearch and analyze digital assets across top global cryptocurrency exchanges |
| All Next | Launch Module |
BrainChip Holdings Corporate Management
Elected by the shareholders, the BrainChip Holdings' board of directors comprises two types of representatives: BrainChip Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BrainChip. The board's role is to monitor BrainChip Holdings' management team and ensure that shareholders' interests are well served. BrainChip Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BrainChip Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chris Stevens | VP Sales | Profile | |
| Sean Hehir | MD CEO | Profile | |
| Nandan Nayampally | Chief Officer | Profile | |
| Anil Mankar | Co Officer | Profile | |
| Tony Dawe | Ma Relations | Profile | |
| Peter Made | CTO Founder | Profile | |
| Kim Clark | Company Sec | Profile |