Binah Capital Correlations

BCG Stock

2.80 0.13 4.44%

The current 90-days correlation between Binah Capital Group, and Diamond Hill Investment is 0.12 (i.e., Average diversification). The correlation of Binah Capital 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.

Binah Capital Correlation With Market

Average diversification

The correlation between Binah Capital Group, 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 Binah Capital Group, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Binah Capital Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving against Binah Stock

0.59	WAVS	Western Acquisition	Pair Corr
0.36	TW	Tradeweb Markets	Pair Corr

Related Correlations Analysis

	V	DHIL	AB	DB	DX
V		0.79	0.5	-0.06	0.62	V
DHIL	0.79		0.33	-0.12	0.5	DHIL
AB	0.5	0.33		0.19	0.22	AB
DB	-0.06	-0.12	0.19		0.11	DB
DX	0.62	0.5	0.22	0.11		DX
	V	DHIL	AB	DB	DX

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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

DHIL	+ 0.79	V
DX	+ 0.62	V
AB	+ 0.5	V
DX	+ 0.5	DHIL
AB	+ 0.33	DHIL
DX	+ 0.22	AB

High negative correlations

DB	- 0.12	DHIL
DB	- 0.06	V

Risk-Adjusted Indicators

There is a big difference between Binah Stock performing well and Binah Capital 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 Binah Capital'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
V	0.81	0.08	0.05	0.19	1.10	(0.87)	1.36	(1.30)	6.85
DHIL	1.24	(0.06)	0.00	0.06	1.17	(1.56)	2.22	(2.05)	9.06
AB	1.05	0.05	0.01	0.18	1.03	(1.27)	2.46	(1.73)	7.82
DB	1.22	0.15	0.07	0.44	1.30	(1.38)	2.99	(2.15)	6.81
DX	0.73	0.02	(0.03)	0.15	1.00	(0.72)	1.38	(1.47)	4.37

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