BTS Group Correlations
| BGPBF Stock | USD 23.35 0.00 0.00% |
The current 90-days correlation between BTS Group AB and Emeco Holdings Limited is -0.01 (i.e., Good diversification). The correlation of BTS Group 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.
BTS Group Correlation With Market
Very good diversification
The correlation between BTS Group AB and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BTS Group AB and DJI in the same portfolio, assuming nothing else is changed.
BTS |
The ability to find closely correlated positions to BTS Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BTS Group 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 BTS Group - 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 BTS Group AB to buy it.
Moving together with BTS OTC Stock
| 0.68 | AAPL | Apple Inc | PairCorr |
| 0.81 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.84 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.63 | AA | Alcoa Corp | PairCorr |
| 0.82 | AKAM | Akamai Technologies | PairCorr |
| 0.86 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.77 | PHAR | Pharming Group NV | PairCorr |
| 0.72 | CX | Cemex SAB de Aggressive Push | PairCorr |
| 0.89 | RLMD | Relmada Therapeutics | PairCorr |
| 0.8 | APGE | Apogee Therapeutics, | PairCorr |
| 0.72 | GM | General Motors | PairCorr |
Moving against BTS OTC Stock
| 0.85 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.85 | NTNX | Nutanix | PairCorr |
| 0.56 | META | Meta Platforms | PairCorr |
| 0.48 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.37 | RYSKF | Reysas Tasimacilik | PairCorr |
| 0.36 | CYPS | Cyclo3pss | PairCorr |
| 0.31 | 26442TAG2 | US26442TAG22 | PairCorr |
| 0.48 | WOLF | Wolfspeed, | PairCorr |
| 0.34 | SWRM | Appswarm | PairCorr |
| 0.34 | 12532HAF1 | GIBACN 23 14 | 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 BTS OTC Stock performing well and BTS Group 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 BTS Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EOHDF | 0.36 | 0.03 | 0.00 | 0.13 | 0.00 | 0.00 | 18.90 | |||
| YRCCF | 5.96 | 2.94 | 0.00 | 1.78 | 0.00 | 0.00 | 195.36 | |||
| HZNOF | 1.07 | 0.36 | 0.17 | 1.63 | 0.57 | 3.60 | 10.19 | |||
| ENJPY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CHRRF | 0.82 | (0.08) | 0.00 | (0.94) | 0.00 | 2.78 | 9.97 | |||
| MCCK | 0.89 | 0.18 | 0.03 | (1.03) | 1.14 | 3.07 | 11.57 | |||
| ELLKF | 3.14 | 0.67 | 0.00 | 0.33 | 0.00 | 0.00 | 63.95 | |||
| BEVFF | 1.14 | 0.02 | (0.01) | 0.14 | 1.45 | 1.97 | 9.57 | |||
| CLNFF | 1.01 | 0.15 | 0.00 | 0.34 | 0.00 | 5.06 | 15.21 | |||
| WJXFF | 1.17 | 0.23 | 0.06 | 0.45 | 1.67 | 2.28 | 12.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BTS Group 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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BTS Group Corporate Management
Elected by the shareholders, the BTS Group's board of directors comprises two types of representatives: BTS Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BTS. The board's role is to monitor BTS Group's management team and ensure that shareholders' interests are well served. BTS Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BTS Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rick Cheatham | VP Officer | Profile | |
| Rene Groeneveld | VP Marketing | Profile | |
| Michael Wallin | Investor Relations Contact Officer | Profile | |
| Stefan Hellberg | Head of Sales and Human Processes | Profile |