BayCurrent Consulting Correlations
| BYCRFDelisted Stock | USD 29.80 0.00 0.00% |
The current 90-days correlation between BayCurrent Consulting and TransUnion is 0.05 (i.e., Significant diversification). The correlation of BayCurrent Consulting 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.
BayCurrent Consulting Correlation With Market
Average diversification
The correlation between BayCurrent Consulting 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 BayCurrent Consulting and DJI in the same portfolio, assuming nothing else is changed.
BayCurrent |
The ability to find closely correlated positions to BayCurrent Consulting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BayCurrent Consulting 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 BayCurrent Consulting - 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 BayCurrent Consulting to buy it.
Moving together with BayCurrent Pink Sheet
| 0.79 | EFX | Equifax | PairCorr |
| 0.61 | SGSOF | SGS SA | PairCorr |
| 0.67 | SGSOY | SGS SA | PairCorr |
| 0.64 | BVVBY | Bureau Veritas SA | PairCorr |
| 0.75 | QLGN | Qualigen Therapeutics Trending | PairCorr |
| 0.78 | SGD | Safe and Green | PairCorr |
Moving against BayCurrent Pink Sheet
| 0.76 | BVRDF | Bureau Veritas SA | PairCorr |
| 0.55 | BAH | Booz Allen Hamilton | PairCorr |
| 0.81 | NVDA | NVIDIA | PairCorr |
| 0.77 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.75 | GM | General Motors Aggressive Push | PairCorr |
| 0.74 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.73 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | KSCP | Knightscope | PairCorr |
| 0.68 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | TTWO | Take Two Interactive | PairCorr |
| 0.57 | BIP | Brookfield Infrastructure | PairCorr |
| 0.51 | BYDDF | BYD Limited | PairCorr |
| 0.51 | META | Meta Platforms | PairCorr |
| 0.47 | APLD | Applied Blockchain Trending | PairCorr |
| 0.37 | NWN | Northwest Natural Gas | PairCorr |
| 0.36 | NOG | Northern Oil Gas | PairCorr |
| 0.78 | EXK | Endeavour Silver Corp | PairCorr |
| 0.78 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.77 | LLYVK | Liberty Media | PairCorr |
| 0.77 | ADSK | Autodesk | PairCorr |
Related Correlations Analysis
| 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 BayCurrent Pink Sheet performing well and BayCurrent Consulting 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 BayCurrent Consulting'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXPGY | 1.01 | (0.07) | (0.08) | 0.01 | 1.30 | 2.03 | 5.63 | |||
| TRU | 1.24 | (0.08) | (0.03) | 0.05 | 1.79 | 2.48 | 8.10 | |||
| EFX | 1.04 | (0.30) | 0.00 | (0.39) | 0.00 | 2.00 | 8.33 | |||
| VRSK | 0.67 | 0.10 | (0.01) | 1.26 | 0.82 | 1.66 | 6.41 | |||
| EXPO | 1.33 | (0.29) | 0.00 | (0.04) | 0.00 | 2.26 | 11.88 | |||
| FCN | 0.97 | (0.24) | 0.00 | (0.20) | 0.00 | 1.82 | 14.08 | |||
| FC | 1.52 | (0.26) | 0.00 | (0.05) | 0.00 | 2.51 | 22.53 | |||
| FORR | 1.81 | (0.26) | 0.00 | (0.05) | 0.00 | 3.66 | 10.89 | |||
| BAH | 1.46 | (0.08) | 0.00 | (0.05) | 0.00 | 3.95 | 19.37 |
BayCurrent Consulting Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BayCurrent Consulting pink sheet to make a market-neutral strategy. Peer analysis of BayCurrent Consulting could also be used in its relative valuation, which is a method of valuing BayCurrent Consulting by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BayCurrent Consulting Corporate Management
| Yoshiyuki Abe | CEO Pres | Profile | |
| Daisuke Kitakaze | Managing Officer | Profile | |
| Ryuta Yamagiwa | Officer | Profile | |
| Kosuke Nakamura | Gen Officer | Profile | |
| Tomonori Takahashi | Officer | Profile | |
| Hiroshi Kozuka | Ex Office | Profile | |
| Kentaro Ikehira | Exec VP | Profile |
Still Interested in BayCurrent Consulting?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.