Ba Ria Correlations
| BTP Stock | 8,370 50.00 0.59% |
The current 90-days correlation between Ba Ria Thermal and Bentre Aquaproduct Import is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ba Ria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ba Ria Thermal moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ba Ria Correlation With Market
Pay attention - limited upside
The correlation between Ba Ria Thermal and DJI is -0.85 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ba Ria Thermal and DJI in the same portfolio, assuming nothing else is changed.
BTP |
The ability to find closely correlated positions to Ba Ria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ba Ria 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 Ba Ria - 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 Ba Ria Thermal to buy it.
Moving together with BTP Stock
| 0.72 | AAA | An Phat Plastic | PairCorr |
| 0.78 | AME | Alphanam ME | PairCorr |
| 0.8 | APG | APG Securities Joint | PairCorr |
| 0.91 | ABS | Binhthuan Agriculture | PairCorr |
| 0.7 | AAM | Mekong Fisheries JSC | PairCorr |
| 0.84 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.73 | BBC | Bibica Corp | PairCorr |
Moving against BTP Stock
| 0.83 | TPC | Tan Dai Hung | PairCorr |
| 0.77 | PVT | PetroVietnam Transportation | PairCorr |
| 0.77 | PIT | Petrolimex International | PairCorr |
| 0.76 | VAF | Van Dien Fused | PairCorr |
| 0.76 | GLT | Global Electrical | PairCorr |
| 0.74 | BCE | Binh Duong Construction | PairCorr |
| 0.74 | MWG | Mobile World Investment | PairCorr |
| 0.73 | VCB | Joint Stock Commercial | PairCorr |
| 0.68 | DHC | Dong Hai JSC | PairCorr |
| 0.68 | HCC | Hoa Cam Concrete | PairCorr |
| 0.62 | VTV | Vicem Energy | PairCorr |
| 0.62 | CTR | Viettel Construction JSC | PairCorr |
| 0.61 | ADS | Damsan JSC | PairCorr |
| 0.51 | FMC | Sao Ta Foods | PairCorr |
| 0.51 | ELC | Elcom Technology Com | PairCorr |
| 0.51 | HCM | Ho Chi Minh | PairCorr |
| 0.51 | VOS | Vietnam Ocean Shipping | PairCorr |
| 0.42 | TN1 | TNS Holdings JSC | PairCorr |
| 0.38 | TMS | Transimex Saigon Corp Split | PairCorr |
| 0.92 | GAS | Petrovietnam Gas JSC | PairCorr |
| 0.89 | ONE | ONE P | PairCorr |
| 0.89 | PVS | Petrovietnam Technical | PairCorr |
| 0.86 | ADP | A Dong Paint | PairCorr |
| 0.84 | NT2 | PetroVietnam Power Nhon | PairCorr |
| 0.79 | TDP | Thuan Duc JSC | PairCorr |
| 0.77 | IDC | Idico JSC | PairCorr |
| 0.73 | SFI | Sea Air Freight | PairCorr |
| 0.71 | ASG | ASG Corp | PairCorr |
| 0.71 | PHR | Phuoc Hoa Rubber | PairCorr |
| 0.67 | VNI | VN Index | PairCorr |
Related Correlations Analysis
| -0.4 | 0.66 | 0.23 | 0.62 | 0.46 | 0.39 | FIT | ||
| -0.4 | -0.17 | -0.21 | -0.55 | -0.53 | -0.54 | ADS | ||
| 0.66 | -0.17 | 0.68 | 0.75 | 0.44 | 0.63 | AAA | ||
| 0.23 | -0.21 | 0.68 | 0.76 | 0.5 | 0.64 | APG | ||
| 0.62 | -0.55 | 0.75 | 0.76 | 0.71 | 0.8 | ABS | ||
| 0.46 | -0.53 | 0.44 | 0.5 | 0.71 | 0.63 | AAM | ||
| 0.39 | -0.54 | 0.63 | 0.64 | 0.8 | 0.63 | ABT | ||
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 BTP Stock performing well and Ba Ria 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 Ba Ria'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIT | 1.36 | 0.02 | (0.03) | (0.10) | 1.99 | 2.58 | 13.79 | |||
| ADS | 0.76 | (0.02) | (0.07) | (0.03) | 0.98 | 1.77 | 7.79 | |||
| AAA | 1.17 | (0.07) | 0.00 | (0.17) | 0.00 | 2.16 | 11.68 | |||
| APG | 0.42 | (0.07) | 0.00 | 0.38 | 0.00 | 0.96 | 4.29 | |||
| ABS | 1.30 | (0.23) | 0.00 | (1.01) | 0.00 | 2.87 | 13.69 | |||
| AAM | 1.19 | (0.02) | 0.00 | 0.11 | 0.00 | 2.76 | 8.73 | |||
| ABT | 0.90 | (0.13) | 0.00 | (0.66) | 0.00 | 1.80 | 10.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ba Ria 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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