Beryl 8 Correlations

BE8 Stock

11.60 0.60 4.92%

The current 90-days correlation between Beryl 8 Plus and Bluebik Group PCL is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beryl 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beryl 8 Plus moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Beryl 8 Correlation With Market

Good diversification

The correlation between Beryl 8 Plus and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beryl 8 Plus and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Beryl 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beryl 8 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 Beryl 8 - 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 Beryl 8 Plus to buy it.

Moving together with Beryl Stock

0.74	AOT	Airports of Thailand	Pair Corr
0.81	PTT	PTT Public	Pair Corr
0.81	PTT-R	PTT Public	Pair Corr
0.73	PTTEP	PTT Exploration	Pair Corr

Moving against Beryl Stock

0.84	DELTA	Delta Electronics Public	Pair Corr
0.7	COM7	Com7 PCL	Pair Corr
0.67	ADVANC	Advanced Info Service	Pair Corr
0.63	SAM	Samchai Steel Industries	Pair Corr
0.62	EE	Eternal Energy Public	Pair Corr
0.48	RCL-R	Regional Container Lines	Pair Corr
0.46	TIPCO	Tipco Foods Public	Pair Corr
0.31	ASN	ASN Broker Public	Pair Corr

Related Correlations Analysis

	BBIK	DITTO	FORTH	IIG	KCE
BBIK		-0.2	-0.39	-0.4	-0.51	BBIK
DITTO	-0.2		0.85	0.76	0.8	DITTO
FORTH	-0.39	0.85		0.83	0.91	FORTH
IIG	-0.4	0.76	0.83		0.76	IIG
KCE	-0.51	0.8	0.91	0.76		KCE
	BBIK	DITTO	FORTH	IIG	KCE

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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

KCE	+ 0.91	FORTH
FORTH	+ 0.85	DITTO
IIG	+ 0.83	FORTH
KCE	+ 0.8	DITTO
IIG	+ 0.76	DITTO
KCE	+ 0.76	IIG

High negative correlations

KCE	- 0.51	BBIK
IIG	- 0.4	BBIK
FORTH	- 0.39	BBIK
DITTO	- 0.2	BBIK

Risk-Adjusted Indicators

There is a big difference between Beryl Stock performing well and Beryl 8 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 Beryl 8'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
BBIK	1.75	0.02	0.01	0.05	1.91	(2.19)	3.75	(3.21)	11.65
DITTO	2.21	(0.41)	0.00	(0.68)	0.00	0.00	5.03	(4.69)	14.70
FORTH	1.96	(0.49)	0.00	(1.52)	0.00	0.00	4.00	(3.62)	16.95
IIG	2.92	(0.79)	0.00	5.57	0.00	0.00	5.31	(8.07)	20.55
KCE	1.98	(0.65)	0.00	(0.80)	0.00	0.00	4.14	(5.59)	16.02

Beryl 8 Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Beryl 8 stock to make a market-neutral strategy. Peer analysis of Beryl 8 could also be used in its relative valuation, which is a method of valuing Beryl 8 by comparing valuation metrics with similar companies.

Bluebik Group PCL Ditto Public Forth Public II Group Public KCE Electronics Public American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

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