Barrett Business Correlations

Stocks . Germany . 
Stock . Barrett Business Services
BB1 Stock  EUR 37.80  1.40  3.85%   
The current 90-days correlation between Barrett Business Services and ADRIATIC METALS LS 013355 is 0.17 (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

Significant diversification

The correlation between Barrett Business Services and DJI is 0.02 (i.e., Significant 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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  0.61ASF InsperityPairCorr
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  0.79XCA Crdit Agricole SAPairCorr
  0.69AXA AXA SAPairCorr
  0.63DAII MERCEDES BENZ GRPPairCorr
  0.63VWSB Vestas Wind SystemsPairCorr
  0.6GV6 Avino Silver GoldPairCorr
  0.6F12 CRITICAL ELEMENTSPairCorr
  0.53SONA Sony GroupPairCorr
  0.53XTP Sino AGPairCorr
  0.44MJB Mirvac GroupPairCorr
  0.41KF PIMCO DYNAMIC INCOMEPairCorr
  0.39IF7 Iofina plcPairCorr
  0.34IFX Infineon TechnologiesPairCorr
  0.85KSB3 KSB SE Earnings Call This WeekPairCorr
  0.85UN9 UNIQA Insurance GroupPairCorr
  0.84UN9 UNIQA Insurance GroupPairCorr
  0.8YKK BOREO OYJ PREFPairCorr

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   
W8V
+ 0.61
3FNA
W8V
+ 0.53
AS5
71F
+ 0.51
CDE
HP3A
+ 0.41
W8V
3FNA
+ 0.34
8QC
3FNA
+ 0.28
AS5
  
High negative correlations   
W8V
- 0.74
71F
W8V
- 0.44
CDE
8QC
- 0.41
CDE
HP3A
- 0.37
CDE
HP3A
- 0.36
71F
71F
- 0.28
3FNA

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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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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