Bechtle AG Correlations
| BECTY Stock | USD 9.72 1.53 13.60% |
The current 90-days correlation between Bechtle AG and Indra Sistemas SA is -0.05 (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
Significant diversification
The correlation between Bechtle AG and DJI is 0.01 (i.e., Significant 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.
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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
| 0.81 | ACN | Accenture plc | PairCorr |
| 0.78 | NCRRP | NCR Corp Pref | PairCorr |
| 0.68 | INFY | Infosys Ltd ADR Aggressive Push | PairCorr |
| 0.81 | CTSH | Cognizant Technology | PairCorr |
| 0.8 | CGEMY | Capgemini SE ADR | PairCorr |
| 0.76 | CAPMF | Capgemini SE | PairCorr |
| 0.63 | BTI | British American Tobacco | PairCorr |
| 0.76 | SSEA | Starry Sea Acquisition | PairCorr |
| 0.62 | MIELF | Mitsubishi Electric | PairCorr |
| 0.63 | JOE | St Joe Company | PairCorr |
| 0.77 | DNGFF | Dongfang Electric | PairCorr |
| 0.8 | PAOG | Pao Group | PairCorr |
| 0.71 | RIVN | Rivian Automotive | PairCorr |
| 0.65 | OXBC | Oxford Bank | PairCorr |
| 0.85 | ALB | Albemarle Corp | PairCorr |
| 0.77 | ALRS | Alerus Financial Corp | PairCorr |
| 0.69 | NOMNF | CANEX Metals | PairCorr |
| 0.8 | KGC | Kinross Gold Sell-off Trend | PairCorr |
| 0.72 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.84 | FIVE | Five Below | PairCorr |
| 0.69 | UOLGY | UOL Group | PairCorr |
| 0.85 | RY | Royal Bank | PairCorr |
| 0.66 | MBGYY | Mercedes Benz Group | PairCorr |
Moving against Bechtle Pink Sheet
| 0.74 | CMWCF | Cromwell Property | PairCorr |
| 0.34 | FISV | Fiserv Common Stock Symbol Change | PairCorr |
| 0.65 | ATMV | AlphaVest Acquisition Symbol Change | PairCorr |
| 0.32 | LUMN | Lumen Technologies Aggressive Push | PairCorr |
Related Correlations Analysis
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
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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 | 2.39 | 0.56 | 0.21 | 1.84 | 1.91 | 6.39 | 12.61 | |||
| TISNF | 7.92 | 4.53 | 0.00 | (3.54) | 0.00 | 32.61 | 32.61 | |||
| AEXAY | 4.33 | 0.56 | 0.02 | 1.32 | 6.98 | 11.91 | 83.17 | |||
| RPYTF | 0.13 | (0.07) | 0.00 | 1.23 | 0.00 | 0.00 | 4.41 | |||
| SEKEF | 0.27 | 0.11 | 0.00 | 0.77 | 0.00 | 0.00 | 9.08 | |||
| TSYHY | 1.88 | 0.02 | (0.01) | 0.15 | 2.40 | 4.53 | 13.54 | |||
| TMNSF | 0.22 | 0.11 | 0.00 | (1.63) | 0.00 | 0.00 | 7.53 | |||
| TSYHF | 5.76 | 0.73 | 0.05 | (0.18) | 7.45 | 17.50 | 62.31 | |||
| AACAY | 1.78 | (0.12) | 0.00 | (0.13) | 0.00 | 3.96 | 12.18 | |||
| FITGF | 2.97 | (0.25) | 0.00 | (0.13) | 0.00 | 8.22 | 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.Did you try this?
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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 |