Becle SA Correlations

BCCLF Stock  USD 0.97  0.07  7.78%   
The current 90-days correlation between Becle SA de and Aristocrat Group Corp is -0.04 (i.e., Good diversification). The correlation of Becle SA 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.

Becle SA Correlation With Market

Significant diversification

The correlation between Becle SA de and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Becle SA de and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Becle SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Becle SA 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 Becle SA - 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 Becle SA de to buy it.

Moving together with Becle Pink Sheet

  0.69DGEAF Diageo plcPairCorr
  0.74DEO Diageo PLC ADRPairCorr
  0.88STZ Constellation Brands Sell-off TrendPairCorr
  0.82BF-B Brown FormanPairCorr
  0.73PBCRY Bank Central AsiaPairCorr

Moving against Becle Pink Sheet

  0.69SSNLF Samsung ElectronicsPairCorr
  0.57TBVPY Thai Beverage PCLPairCorr
  0.83LQDA Liquidia TechnologiesPairCorr
  0.78AUSI Aura SystemsPairCorr
  0.7SPEYF Spey Resources CorpPairCorr
  0.66MCK McKessonPairCorr
  0.6TCCPY TechnoPro HoldingsPairCorr
  0.51SKFRY AB SKFPairCorr
  0.5LOGC Contextlogic Symbol ChangePairCorr
  0.5SEHCF Sweet Earth HoldingsPairCorr
  0.49SLTTF Slate Office REITPairCorr
  0.48KAEPY Kansai Electric Power Downward RallyPairCorr
  0.48JVA Coffee HoldingPairCorr
  0.47MARUY Marubeni Corp ADRPairCorr
  0.39ICOA ICOA IncPairCorr
  0.32JGLDF Japan Gold CorpPairCorr
  0.32HTWSF Helios Towers plcPairCorr
  0.67ITOX Iiot OxysPairCorr
  0.64LLDTF Lloyds Banking GroupPairCorr
  0.62BMDPF Banca Monte deiPairCorr
  0.56TZROP tZERO Group Downward RallyPairCorr

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   
NWINFASCC
ADWPFASCC
ADWPFNWINF
MJWNYNWINF
CWGLPDRDF
MJWNYASCC
  
High negative correlations   
MJWNYVINE
CWGLADWPF
CWGLASCC
VINEASCC
WVVIPASCC
VINENWINF

Risk-Adjusted Indicators

There is a big difference between Becle Pink Sheet performing well and Becle SA 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 Becle SA'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ASCC  20.66  7.01  0.20 (3.09) 13.60 
 107.72 
 197.40 
ICNB  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
NWINF  5.63  0.14  0.03 (0.23) 6.68 
 14.55 
 34.88 
WVVIP  1.62 (0.11) 0.00  0.66  0.00 
 3.99 
 10.52 
ADWPF  0.99  0.06  0.05  0.11  1.32 
 5.17 
 9.52 
VINE  5.57 (0.11) 0.00 (0.26) 0.00 
 12.33 
 33.51 
TNYBF  10.25  0.84  0.07 (0.87) 10.63 
 23.08 
 120.98 
MJWNY  1.36 (0.17) 0.00  0.14  0.00 
 0.00 
 52.32 
PDRDF  2.24 (0.13) 0.00 (1.67) 0.00 
 4.49 
 15.42 
CWGL  0.94 (0.15) 0.00  1.65  0.00 
 1.79 
 6.90 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Becle SA 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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