Better Collective Correlations

BTRCF Stock

USD 12.05 0.26 2.21%

The current 90-days correlation between Better Collective and Omniq Corp is -0.09 (i.e., Good diversification). The correlation of Better Collective 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.

Better Collective Correlation With Market

Average diversification

The correlation between Better Collective AS and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Better Collective AS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Better Collective could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Collective 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 Better Collective - 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 Better Collective AS to buy it.

Moving together with Better Pink Sheet

0.85	SAP	SAP SE ADR	Pair Corr
0.75	NOW	ServiceNow	Pair Corr
0.86	SAPGF	SAP SE	Pair Corr
0.69	CDNS	Cadence Design Systems	Pair Corr

Moving against Better Pink Sheet

0.78	TLK	Telkom Indonesia Tbk	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr
0.62	PBCRY	Bank Central Asia	Pair Corr
0.43	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.4	PBCRF	PT Bank Central	Pair Corr
0.75	REGN	Regeneron Pharmaceuticals	Pair Corr
0.56	APGE	Apogee Therapeutics,	Pair Corr
0.55	68233JBP8	US68233JBP84	Pair Corr
0.52	IDN	Intellicheck Mobilisa	Pair Corr
0.51	KYOCF	Kyocera	Pair Corr
0.45	KODK	Eastman Kodak	Pair Corr
0.77	AKAM	Akamai Technologies	Pair Corr
0.72	RLMD	Relmada Therapeutics	Pair Corr
0.71	PHAR	Pharming Group NV	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	XCLL	LUXFF	OPTL	ROIUF	OMQS	BWLKF	WRCDF	CLRI	XYLB
XCLL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	XCLL
LUXFF	0.0		0.0	0.56	-0.4	0.83	0.26	-0.4	0.72	LUXFF
OPTL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OPTL
ROIUF	0.0	0.56	0.0		-0.3	0.71	-0.04	-0.47	0.56	ROIUF
OMQS	0.0	-0.4	0.0	-0.3		-0.22	-0.18	0.17	-0.12	OMQS
BWLKF	0.0	0.83	0.0	0.71	-0.22		0.1	-0.42	0.81	BWLKF
WRCDF	0.0	0.26	0.0	-0.04	-0.18	0.1		-0.33	0.06	WRCDF
CLRI	0.0	-0.4	0.0	-0.47	0.17	-0.42	-0.33		-0.34	CLRI
XYLB	0.0	0.72	0.0	0.56	-0.12	0.81	0.06	-0.34		XYLB
	XCLL	LUXFF	OPTL	ROIUF	OMQS	BWLKF	WRCDF	CLRI	XYLB

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

BWLKF	+ 0.83	LUXFF
XYLB	+ 0.81	BWLKF
XYLB	+ 0.72	LUXFF
BWLKF	+ 0.71	ROIUF
ROIUF	+ 0.56	LUXFF
XYLB	+ 0.56	ROIUF

High negative correlations

CLRI	- 0.47	ROIUF
CLRI	- 0.42	BWLKF
CLRI	- 0.4	LUXFF
OMQS	- 0.4	LUXFF
XYLB	- 0.34	CLRI
CLRI	- 0.33	WRCDF

Risk-Adjusted Indicators

There is a big difference between Better Pink Sheet performing well and Better Collective 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 Better Collective'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
XCLL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LUXFF	9.33	0.02	0.00	0.04	0.00	0.00	20.00	(15.38)	81.54
OPTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROIUF	2.19	(0.85)	0.00	(1.20)	0.00	0.00	0.00	(9.71)	54.77
OMQS	9.63	1.73	0.11	(0.39)	8.79	(19.17)	29.41	(18.18)	69.08
BWLKF	3.45	(0.77)	0.00	0.98	0.00	0.00	9.52	(10.26)	47.13
WRCDF	317.45	163.68	0.00	(6.15)	0.00	0.00	33.33	0.00	9,998
CLRI	11.31	2.76	0.10	1.93	10.82	(44.32)	47.52	(30.67)	140.43
XYLB	0.87	(0.37)	0.00	0.86	0.00	0.00	0.00	(4.55)	19.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Better Collective 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?

Run CEOs Directory Now

CEOs Directory

Screen CEOs from public companies around the world

All Next

Launch Module

Better Collective Corporate Management

Mikkel Jacobsgaard	Director Relations	Profile
Ulrik Marschall	Group Mang	Profile
Flemming Pedersen	CFO VP	Profile
Camilla Bille	VP Culture	Profile
Henrik Lykkesteen	VP Esports	Profile
Jesper Sogaard	CoFounder CEO	Profile
Christina Thomsen	Head Sustainability	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC