Barrett Business Correlations

Stocks . Germany . 
Stock . Barrett Business Services
BB1 Stock  EUR 38.60  0.40  1.05%   
The current 90-days correlation between Barrett Business Services and H2O Retailing is 0.13 (i.e., Average diversification). The correlation of Barrett Business 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.

Barrett Business Correlation With Market

Average diversification

The correlation between Barrett Business Services and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrett Business Services and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Barrett Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barrett Business 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 Barrett Business - 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 Barrett Business Services to buy it.

Moving together with Barrett Stock

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Moving against Barrett Stock

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  0.58DMB Hargreaves Lansdown plcPairCorr

Related Correlations Analysis

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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   
EK7A
+ 0.81
HKU
3TY
+ 0.7
CTO0
3TY
+ 0.63
HKU
CTO0
+ 0.46
HKU
3TY
+ 0.46
EK7A
CTO0
+ 0.29
EK7A
  
High negative correlations   
3TY
- 0.0
4FF
CTO0
- 0.0
4FF
EK7A
- 0.0
4FF
4FF
- 0.0
HKU

Risk-Adjusted Indicators

There is a big difference between Barrett Stock performing well and Barrett Business 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 Barrett Business' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Barrett Business 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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Risk-Return Analysis

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Barrett Business Corporate Management

Elected by the shareholders, the Barrett Business' board of directors comprises two types of representatives: Barrett Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Barrett. The board's role is to monitor Barrett Business' management team and ensure that shareholders' interests are well served. Barrett Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Barrett Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
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