Beta Technologies Correlations

BETA Stock

26.16 2.02 7.17%

The current 90-days correlation between Beta Technologies and Astronics is 0.25 (i.e., Modest diversification). The correlation of Beta Technologies 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.

Beta Technologies Correlation With Market

Very weak diversification

The correlation between Beta Technologies and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beta Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Beta Stock

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

For information on how to trade Beta Stock refer to our How to Trade Beta Stock guide.

Moving against Beta Stock

0.4

TDG

Transdigm Group

Pair Corr

Related Correlations Analysis

	ATRO	EADSY	HEI-A	PEW	PRZO	RGR	THLLY
ATRO		0.4	0.82	-0.5	-0.13	-0.06	0.5	ATRO
EADSY	0.4		0.61	0.39	0.29	0.47	0.8	EADSY
HEI-A	0.82	0.61		-0.35	-0.26	0.0	0.6	HEI-A
PEW	-0.5	0.39	-0.35		0.63	0.74	0.3	PEW
PRZO	-0.13	0.29	-0.26	0.63		0.5	0.29	PRZO
RGR	-0.06	0.47	0.0	0.74	0.5		0.62	RGR
THLLY	0.5	0.8	0.6	0.3	0.29	0.62		THLLY
	ATRO	EADSY	HEI-A	PEW	PRZO	RGR	THLLY

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

HEI-A	+ 0.82	ATRO
THLLY	+ 0.8	EADSY
RGR	+ 0.74	PEW
PRZO	+ 0.63	PEW
THLLY	+ 0.62	RGR
HEI-A	+ 0.61	EADSY

High negative correlations

PEW	- 0.5	ATRO
PEW	- 0.35	HEI-A
PRZO	- 0.26	HEI-A
PRZO	- 0.13	ATRO
RGR	- 0.06	ATRO
RGR	- 0.0	HEI-A

Risk-Adjusted Indicators

There is a big difference between Beta Stock performing well and Beta Technologies 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 Beta Technologies' 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
ATRO	2.34	0.56	0.28	0.40	1.66	(2.86)	6.28	(3.74)	15.01
EADSY	1.08	(0.01)	(0.02)	0.05	1.35	(1.10)	2.36	(1.98)	7.10
HEI-A	1.14	0.08	0.08	0.13	0.98	(1.36)	2.63	(1.67)	7.63
PEW	2.46	(0.57)	0.00	(0.39)	0.00	0.00	4.29	(5.35)	29.97
PRZO	5.69	(0.24)	0.00	(0.05)	0.00	0.00	10.13	(9.60)	53.90
RGR	2.02	(0.36)	0.00	(0.21)	0.00	0.00	3.05	(3.50)	24.96
THLLY	1.34	0.12	0.03	(0.57)	1.65	(1.42)	2.92	(3.17)	10.62

Beta Technologies Corporate Management

Blain Newton	Chief Officer	Profile
Simon Newitt	Head Support	Profile
Brian Dunkiel	General Officer	Profile
Shawn Hall	Chief Officer	Profile
Herman Cueto	Chief Officer	Profile

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