Beta Systems Correlations

SPT6 Stock

EUR 23.60 2.00 9.26%

The current 90-days correlation between Beta Systems Software and Japan Securities Finance is 0.31 (i.e., Weak diversification). The correlation of Beta Systems 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.

Beta Systems Correlation With Market

Very weak diversification

The correlation between Beta Systems Software and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beta Systems Software and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Beta Stock

0.66	T1A	Treasure ASA	Pair Corr
0.65	NMM	Newmont	Pair Corr
0.62	IBI	IBIDEN Split	Pair Corr
0.63	OSW	BAKRIE SUMATERA PL	Pair Corr
0.69	W8T	CITY OF LON	Pair Corr
0.65	KBXA	KNORR-BREMS UNSPADRS1/4	Pair Corr
0.71	ELAA	ESTEE LAUDER A	Pair Corr

Moving against Beta Stock

0.66	HETA	KHD Humboldt Wedag	Pair Corr
0.6	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE
PQ90		0.35	0.12	-0.07	0.41	0.43	0.06	0.48	0.22	0.45	PQ90
PQ9	0.35		0.13	-0.11	0.27	0.31	0.0	0.36	0.16	0.28	PQ9
BYRA	0.12	0.13		0.35	0.31	0.33	0.4	0.32	0.43	0.37	BYRA
6GAA	-0.07	-0.11	0.35		0.32	0.33	0.81	0.27	0.73	0.42	6GAA
KSF1	0.41	0.27	0.31	0.32		0.97	0.49	0.96	0.71	0.85	KSF1
KBIA	0.43	0.31	0.33	0.33	0.97		0.51	0.97	0.72	0.89	KBIA
LFL0	0.06	0.0	0.4	0.81	0.49	0.51		0.46	0.91	0.71	LFL0
2WGA	0.48	0.36	0.32	0.27	0.96	0.97	0.46		0.69	0.87	2WGA
BSA	0.22	0.16	0.43	0.73	0.71	0.72	0.91	0.69		0.85	BSA
JSE	0.45	0.28	0.37	0.42	0.85	0.89	0.71	0.87	0.85		JSE
	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE

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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

KBIA	+ 0.97	KSF1
2WGA	+ 0.97	KBIA
2WGA	+ 0.96	KSF1
BSA	+ 0.91	LFL0
JSE	+ 0.89	KBIA
JSE	+ 0.87	2WGA

High negative correlations

6GAA	- 0.11	PQ9
6GAA	- 0.07	PQ90
LFL0	- 0.0	PQ9

Risk-Adjusted Indicators

There is a big difference between Beta Stock performing well and Beta Systems 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 Beta Systems' 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
PQ90	2.99	0.27	0.04	21.27	3.95	(3.93)	11.49	(9.09)	42.92
PQ9	5.93	0.58	0.03	(0.14)	6.74	(11.91)	18.18	(14.81)	40.26
BYRA	3.77	0.32	0.04	0.48	3.98	(7.71)	11.11	(10.00)	26.67
6GAA	1.88	0.13	0.02	(0.66)	2.09	(2.34)	5.32	(4.11)	20.38
KSF1	1.98	0.43	0.15	(2.30)	1.91	(2.47)	5.33	(3.37)	12.73
KBIA	1.70	0.45	0.21	0.78	1.37	(2.38)	4.81	(2.63)	11.24
LFL0	2.00	0.26	0.09	0.42	2.21	(2.38)	3.85	(4.39)	13.43
2WGA	2.53	0.55	0.15	1.44	2.71	(3.10)	5.88	(6.15)	19.36
BSA	2.05	0.27	0.06	(9.81)	2.68	(2.20)	4.38	(4.51)	14.55
JSE	1.14	0.35	0.16	(3.09)	1.12	(1.43)	2.65	(1.87)	7.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beta Systems 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.

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