Batm Advanced Correlations
| BVC Stock | 15.08 0.15 1.00% |
The correlation of Batm Advanced 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.
Batm Advanced Correlation With Market
Very good diversification
The correlation between Batm Advanced Communications and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Batm Advanced Communications and DJI in the same portfolio, assuming nothing else is changed.
Batm |
The ability to find closely correlated positions to Batm Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Batm Advanced 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 Batm Advanced - 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 Batm Advanced Communications to buy it.
Moving against Batm Stock
| 0.71 | 0NR2 | Vallourec | PairCorr |
| 0.62 | TYT | Toyota Motor Corp | PairCorr |
| 0.62 | 0LJB | Uniti Group | PairCorr |
| 0.62 | JLP | Jubilee Platinum | PairCorr |
| 0.54 | NBS | Nationwide Building | PairCorr |
| 0.54 | 0G2Z | Solstad Offshore ASA Earnings Call This Week | PairCorr |
| 0.52 | PRU | Prudential plc | PairCorr |
| 0.51 | CTY | City Of London | PairCorr |
| 0.5 | RKW | Rockwood Realisation PLC | PairCorr |
| 0.46 | 0NIS | SBM Offshore NV | PairCorr |
| 0.43 | SLPE | SL Private Equity | PairCorr |
| 0.43 | PAF | Pan African Resources Earnings Call Tomorrow | PairCorr |
| 0.36 | FDM | FDM Group Holdings | PairCorr |
| 0.33 | 0VGE | SSR Mining | PairCorr |
| 0.81 | INVP | Investec PLC | PairCorr |
| 0.74 | KGH | Knights Group Holdings | PairCorr |
| 0.71 | SEPL | Seplat Petroleum Dev | PairCorr |
| 0.69 | HYG | Seneca Growth Capital | PairCorr |
| 0.69 | 0KU1 | Raymond James Financial | PairCorr |
| 0.65 | 0L7G | Snap On | PairCorr |
| 0.65 | AIRE | Alternative Income REIT | PairCorr |
| 0.64 | IMI | IMI PLC | PairCorr |
| 0.62 | JMGI | JPMorgan Emerging Markets | PairCorr |
| 0.62 | YNGA | Young CoS Brewery | PairCorr |
| 0.59 | BT-A | BT Group Plc | PairCorr |
| 0.59 | SWT | Switch Metals Plc | PairCorr |
| 0.58 | SAFE | Safestore Holdings Plc | PairCorr |
| 0.58 | CMX | Catalyst Media Group | PairCorr |
| 0.57 | JEDT | JPMorgan Euro Small | PairCorr |
Related Correlations Analysis
| 0.71 | 0.89 | 0.8 | 0.82 | 0.84 | GMET | ||
| 0.71 | 0.79 | 0.57 | 0.83 | 0.65 | CRTM | ||
| 0.89 | 0.79 | 0.73 | 0.85 | 0.75 | POW | ||
| 0.8 | 0.57 | 0.73 | 0.54 | 0.66 | GLR | ||
| 0.82 | 0.83 | 0.85 | 0.54 | 0.77 | MAV4 | ||
| 0.84 | 0.65 | 0.75 | 0.66 | 0.77 | ALBA | ||
Risk-Adjusted Indicators
There is a big difference between Batm Stock performing well and Batm Advanced 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 Batm Advanced'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMET | 3.41 | 0.88 | 0.20 | 1.16 | 3.53 | 8.26 | 26.90 | |||
| CRTM | 2.86 | 0.45 | 0.04 | (0.52) | 4.19 | 8.77 | 39.40 | |||
| POW | 1.88 | 0.24 | 0.07 | 0.35 | 1.90 | 4.63 | 10.92 | |||
| GLR | 2.21 | 0.18 | 0.03 | 0.38 | 2.75 | 6.25 | 23.76 | |||
| MAV4 | 0.06 | 0.02 | 0.00 | 2.98 | 0.00 | 0.00 | 1.88 | |||
| ALBA | 5.90 | 0.69 | 0.13 | 0.27 | 5.05 | 16.22 | 78.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Batm Advanced 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Batm Advanced Corporate Executives
Elected by the shareholders, the Batm Advanced's board of directors comprises two types of representatives: Batm Advanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Batm. The board's role is to monitor Batm Advanced's management team and ensure that shareholders' interests are well served. Batm Advanced'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, Batm Advanced's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ariel Efrati | COO Systems | Profile |