Bright Horizons Correlations
| BHA Stock | EUR 110.00 1.00 0.92% |
The current 90-days correlation between Bright Horizons Family and BOYD GROUP SERVICES is -0.18 (i.e., Good diversification). The correlation of Bright Horizons 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.
Bright Horizons Correlation With Market
Good diversification
The correlation between Bright Horizons Family and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bright Horizons Family and DJI in the same portfolio, assuming nothing else is changed.
Bright |
The ability to find closely correlated positions to Bright Horizons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bright Horizons 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 Bright Horizons - 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 Bright Horizons Family to buy it.
Moving together with Bright Stock
| 0.85 | 4C9 | CVS Group plc | PairCorr |
| 0.9 | 49U | Musti Group Oyj | PairCorr |
| 0.76 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.72 | MTO | METTLER TOLEDO INTL | PairCorr |
| 0.69 | MTO | Mitie Group PLC | PairCorr |
| 0.63 | CXT | Carmat SA | PairCorr |
Moving against Bright Stock
| 0.94 | ADH2 | Air Canada | PairCorr |
| 0.93 | AC8 | ARISTOCRAT LEISURE | PairCorr |
| 0.91 | 7RY | Ryerson Holding | PairCorr |
| 0.9 | 3I5 | Frontdoor | PairCorr |
| 0.88 | BBN1 | Blackstone Group | PairCorr |
| 0.87 | SVC | Service International | PairCorr |
| 0.84 | CUCA | AVIS BUDGET GROUP | PairCorr |
| 0.81 | SV2 | Selective Insurance | PairCorr |
| 0.76 | UR3 | United Rentals | PairCorr |
| 0.64 | 3YT | BOYD GROUP SERVICES | PairCorr |
| 0.55 | 3RKU | RYOHIN UNSPADR/1 | PairCorr |
| 0.37 | 3EJ | LODESTAR MIN Split | PairCorr |
| 0.94 | GOS | Goldman Sachs | PairCorr |
| 0.92 | CFX | Capital One Financial | PairCorr |
| 0.9 | WMB | The Williams Companies | PairCorr |
| 0.9 | FOO | Salesforce | PairCorr |
| 0.9 | DVY | DeVry Education Group | PairCorr |
| 0.89 | QIS | QUICKSTEP HLDGS | PairCorr |
| 0.89 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.88 | CTO | Costco Wholesale Corp | PairCorr |
| 0.81 | 1XV | AXWAY SOFTWARE EO | PairCorr |
| 0.81 | AMC | Albemarle | PairCorr |
| 0.8 | DTE | Deutsche Telekom | PairCorr |
| 0.78 | E5M | EAGLE MATERIALS | PairCorr |
| 0.74 | 9B7 | AOYAMA TRADING | PairCorr |
| 0.72 | APC | Apple Inc | PairCorr |
Related Correlations Analysis
| 0.58 | -0.64 | -0.53 | -0.72 | 3YT | ||
| 0.58 | -0.89 | -0.43 | -0.9 | 3I5 | ||
| -0.64 | -0.89 | 0.35 | 0.9 | 4C9 | ||
| -0.53 | -0.43 | 0.35 | 0.46 | JTH | ||
| -0.72 | -0.9 | 0.9 | 0.46 | 49U | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Bright Stock performing well and Bright Horizons 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 Bright Horizons' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3YT | 1.00 | (0.03) | 0.00 | 0.52 | 0.00 | 1.49 | 6.13 | |||
| 3I5 | 1.53 | 0.27 | 0.17 | 0.34 | 1.27 | 3.96 | 11.77 | |||
| 4C9 | 1.93 | (0.27) | 0.00 | 0.64 | 0.00 | 5.34 | 12.00 | |||
| JTH | 0.51 | 0.01 | (0.03) | 0.00 | 1.06 | 1.63 | 13.37 | |||
| 49U | 1.01 | (0.21) | 0.00 | (1.80) | 0.00 | 2.41 | 8.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bright Horizons 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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Bright Horizons Corporate Management
Elected by the shareholders, the Bright Horizons' board of directors comprises two types of representatives: Bright Horizons inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bright. The board's role is to monitor Bright Horizons' management team and ensure that shareholders' interests are well served. Bright Horizons' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bright Horizons' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tammy Chuprevich | VP Operations | Profile | |
| Stephen Kramer | Chief Development Officer | Profile | |
| John Casagrande | G Sec | Profile | |
| Maribeth Bearfield | Consultant | Profile | |
| Jason Janoff | Chief Officer | Profile | |
| Michael Flanagan | Director Relations | Profile | |
| Elizabeth Boland | Chief Officer | Profile |