BeWhere Holdings Correlations

BEWFF Stock  USD 0.53  0.03  5.36%   
The current 90-days correlation between BeWhere Holdings and TPT Global Tech is -0.12 (i.e., Good diversification). The correlation of BeWhere 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.

BeWhere Holdings Correlation With Market

Good diversification

The correlation between BeWhere Holdings and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BeWhere Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BeWhere 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 BeWhere 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 BeWhere 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 BeWhere Holdings to buy it.

Moving together with BeWhere OTC Stock

  0.73CSCO Cisco Systems Aggressive PushPairCorr
  0.74ERIC-B TelefonaktiebolagetPairCorr
  0.64HPE Hewlett Packard Ente Aggressive PushPairCorr
  0.66ERIC Telefonaktiebolaget Fiscal Year End 28th of January 2025 PairCorr
  0.63UI Ubiquiti NetworksPairCorr
  0.66ZBRA Zebra TechnologiesPairCorr
  0.72CRMD CorMedixPairCorr
  0.79NVDA NVIDIAPairCorr
  0.65VRT Vertiv HoldingsPairCorr
  0.67PYPL PayPal Holdings Aggressive PushPairCorr
  0.68CHH Choice Hotels InternPairCorr

Moving against BeWhere OTC Stock

  0.79ZTLLF ZonetailPairCorr
  0.43NSFDF NXT Energy SolutionsPairCorr
  0.37VSAC Vision Sensing AcquiPairCorr

Related Correlations Analysis

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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   
ITRNKN
ITRNFEIM
MYNATPTW
AVNWELST
CMTLWLAN
TPTWWLAN
  
High negative correlations   
AVNWMYNA
CMTLFEIM
AVNWKN
TPTWFEIM
MYNAFEIM
ITRNCMTL

Risk-Adjusted Indicators

There is a big difference between BeWhere OTC Stock performing well and BeWhere 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 BeWhere 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELST  1.17  0.10  0.00  0.02  0.00 
 4.76 
 35.05 
FEIM  1.27 (0.04)(0.06) 0.00  1.98 
 2.50 
 9.88 
WLAN  6.28 (0.17)(0.01) 0.01  7.02 
 18.75 
 36.67 
TPTW  18.29  3.99  0.08 (16.44) 16.69 
 100.00 
 250.00 
MYNA  4.72  0.40  0.07  0.80  4.60 
 14.29 
 25.89 
KN  1.47  0.06 (0.02) 0.50  1.76 
 2.56 
 12.11 
CMTL  4.61  0.03  0.02  0.14  6.50 
 12.63 
 40.77 
ITRN  0.99 (0.08)(0.09) 0.02  1.14 
 1.90 
 6.35 
AVNW  3.01 (0.39) 0.00  0.28  0.00 
 4.83 
 52.00 
AMPGW  12.75  1.82  0.06  4.35  12.98 
 29.17 
 190.00 

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BeWhere Holdings Corporate Management

Elected by the shareholders, the BeWhere Holdings' board of directors comprises two types of representatives: BeWhere Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BeWhere. The board's role is to monitor BeWhere Holdings' management team and ensure that shareholders' interests are well served. BeWhere 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, BeWhere Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.