Bechtle AG Correlations

BECTY Stock

USD 9.03 1.00 9.97%

The current 90-days correlation between Bechtle AG and Indra Sistemas SA is -0.03 (i.e., Good diversification). The correlation of Bechtle AG 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.

Bechtle AG Correlation With Market

Very weak diversification

The correlation between Bechtle AG and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bechtle AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bechtle AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bechtle AG 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 Bechtle AG - 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 Bechtle AG to buy it.

Moving together with Bechtle Pink Sheet

0.72	ACN	Accenture plc	Pair Corr
0.79	NCRRP	NCR Corp Pref	Pair Corr
0.62	INFY	Infosys Ltd ADR	Pair Corr
0.78	CTSH	Cognizant Technology	Pair Corr
0.66	CGEMY	Capgemini SE ADR Earnings Call This Week	Pair Corr
0.65	CAPMF	Capgemini SE Earnings Call This Week	Pair Corr
0.65	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.72	JUPGF	Jupiter Gold	Pair Corr
0.84	BNKHF	BOC Hong Kong	Pair Corr
0.68	SHPHF	Sihuan Pharmaceutical	Pair Corr

Moving against Bechtle Pink Sheet

0.53	BROGF	BROGF	Pair Corr
0.51	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.49	PBCRY	Bank Central Asia	Pair Corr

Related Correlations Analysis

	ISMAY	TISNF	AEXAY	RPYTF	SEKEF	TSYHY	TMNSF	TSYHF	AACAY	FITGF
ISMAY		-0.39	0.63	-0.62	0.5	0.08	0.38	-0.02	0.12	-0.4	ISMAY
TISNF	-0.39		-0.42	0.4	-0.2	0.01	-0.7	0.2	0.24	0.1	TISNF
AEXAY	0.63	-0.42		-0.88	0.61	0.03	0.32	-0.31	-0.45	-0.55	AEXAY
RPYTF	-0.62	0.4	-0.88		-0.47	-0.06	-0.15	0.48	0.55	0.54	RPYTF
SEKEF	0.5	-0.2	0.61	-0.47		-0.15	0.15	-0.11	-0.11	-0.09	SEKEF
TSYHY	0.08	0.01	0.03	-0.06	-0.15		0.2	0.27	0.11	0.08	TSYHY
TMNSF	0.38	-0.7	0.32	-0.15	0.15	0.2		0.09	0.07	-0.13	TMNSF
TSYHF	-0.02	0.2	-0.31	0.48	-0.11	0.27	0.09		0.58	0.21	TSYHF
AACAY	0.12	0.24	-0.45	0.55	-0.11	0.11	0.07	0.58		0.31	AACAY
FITGF	-0.4	0.1	-0.55	0.54	-0.09	0.08	-0.13	0.21	0.31		FITGF
	ISMAY	TISNF	AEXAY	RPYTF	SEKEF	TSYHY	TMNSF	TSYHF	AACAY	FITGF

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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

AEXAY	+ 0.63	ISMAY
SEKEF	+ 0.61	AEXAY
AACAY	+ 0.58	TSYHF
AACAY	+ 0.55	RPYTF
FITGF	+ 0.54	RPYTF
SEKEF	+ 0.5	ISMAY

High negative correlations

RPYTF	- 0.88	AEXAY
TMNSF	- 0.7	TISNF
RPYTF	- 0.62	ISMAY
FITGF	- 0.55	AEXAY
SEKEF	- 0.47	RPYTF
AACAY	- 0.45	AEXAY

Risk-Adjusted Indicators

There is a big difference between Bechtle Pink Sheet performing well and Bechtle AG 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 Bechtle AG'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
ISMAY	2.29	0.01	(0.02)	0.14	2.65	(2.84)	6.16	(5.83)	18.02
TISNF	7.92	4.41	0.00	172.29	0.00	0.00	32.61	(12.19)	32.61
AEXAY	1.97	0.42	0.00	(0.35)	0.00	0.00	4.71	0.00	37.35
RPYTF	0.25	(0.15)	0.00	(1.07)	0.00	0.00	0.00	0.00	4.41
SEKEF	0.27	0.13	0.00	(3.79)	0.00	0.00	0.00	0.00	9.08
TSYHY	1.73	0.03	(0.03)	(0.06)	2.11	(1.87)	3.84	(3.69)	10.71
TMNSF	0.44	(0.06)	0.00	(0.11)	0.00	0.00	0.00	0.00	27.71
TSYHF	5.62	(0.04)	0.00	0.10	0.00	0.00	11.40	(11.76)	45.04
AACAY	1.85	(0.20)	0.00	(0.96)	0.00	0.00	3.56	(4.59)	12.18
FITGF	2.48	(0.02)	0.00	(0.13)	0.00	0.00	7.46	(7.35)	22.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bechtle AG 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.

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Bechtle AG Corporate Management

Klaus Winkler	Chairman Board	Profile
Gerhard Schick	CoFounder Board	Profile
Stefan Sagowski	Exec Division	Profile
Michael Guschlbauer	Member Board	Profile
Martin Link	Head Relations	Profile
Katja Jager	Head Controlling	Profile
Dilan Gnes	Ma HR	Profile

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