Beneficient Warrant Correlations

BENFW Stock

0.01 0.00 0.000003%

The current 90-days correlation between Beneficient Warrant and International Consolidated Airlines is -0.1 (i.e., Good diversification). The correlation of Beneficient Warrant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Beneficient Warrant Correlation With Market

Good diversification

The correlation between Beneficient Warrant and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beneficient Warrant 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 Beneficient Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Beneficient Stock please use our How to Invest in Beneficient Warrant guide.

Moving together with Beneficient Stock

0.78	ECPG	Encore Capital Group	Pair Corr
0.77	AXP	American Express Sell-off Trend	Pair Corr
0.82	SYF	Synchrony Financial	Pair Corr
0.71	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.73	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.67	BITF	Bitfarms	Pair Corr
0.74	AX	Axos Financial	Pair Corr
0.71	BN	Brookfield Corp	Pair Corr
0.76	BX	Blackstone Group Normal Trading	Pair Corr
0.66	BY	Byline Bancorp	Pair Corr
0.74	CG	Carlyle Group Normal Trading	Pair Corr
0.76	CM	Canadian Imperial Bank	Pair Corr

Moving against Beneficient Stock

0.71	RENEW	Cartesian Growth	Pair Corr
0.7	CB	Chubb	Pair Corr
0.7	DB	Deutsche Bank AG	Pair Corr
0.68	LU	Lufax Holding	Pair Corr
0.6	LX	Lexinfintech Holdings	Pair Corr
0.58	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.44	GL	Globe Life	Pair Corr

Related Correlations Analysis

	ICAGY	ECCI	EVVTY	ROOOF	SNCY	ATSG	NOKFF	GAME
ICAGY		0.0	-0.42	-0.1	0.68	0.47	0.0	0.32	ICAGY
ECCI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ECCI
EVVTY	-0.42	0.0		-0.23	-0.37	-0.21	0.0	-0.1	EVVTY
ROOOF	-0.1	0.0	-0.23		0.26	-0.23	0.0	0.21	ROOOF
SNCY	0.68	0.0	-0.37	0.26		0.11	0.0	0.6	SNCY
ATSG	0.47	0.0	-0.21	-0.23	0.11		0.0	-0.17	ATSG
NOKFF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NOKFF
GAME	0.32	0.0	-0.1	0.21	0.6	-0.17	0.0		GAME
	ICAGY	ECCI	EVVTY	ROOOF	SNCY	ATSG	NOKFF	GAME

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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

SNCY	+ 0.68	ICAGY
GAME	+ 0.6	SNCY
ATSG	+ 0.47	ICAGY
GAME	+ 0.32	ICAGY
SNCY	+ 0.26	ROOOF
GAME	+ 0.21	ROOOF

High negative correlations

EVVTY	- 0.42	ICAGY
SNCY	- 0.37	EVVTY
ATSG	- 0.23	ROOOF
ROOOF	- 0.23	EVVTY
ATSG	- 0.21	EVVTY
GAME	- 0.17	ATSG

Risk-Adjusted Indicators

There is a big difference between Beneficient Stock performing well and Beneficient Warrant 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 Beneficient Warrant'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
ICAGY	1.72	0.05	0.00	(0.01)	0.00	0.00	3.17	(4.01)	11.01
ECCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVVTY	1.64	(0.08)	0.00	(0.30)	0.00	0.00	2.80	(4.02)	9.34
ROOOF	3.02	0.31	0.09	(11.93)	2.78	(5.07)	8.00	(4.17)	15.99
SNCY	2.13	(0.13)	0.00	(0.19)	0.00	0.00	4.85	(4.19)	15.02
ATSG	0.10	0.02	0.65	0.46	0.00	(0.14)	0.36	(0.14)	0.73
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAME	3.65	(0.08)	0.00	(0.23)	0.00	0.00	6.10	(10.00)	26.81

Beneficient Warrant Corporate Management

James Silk	Chief VP	Profile
Maria Rutledge	Chief Officer	Profile
Jeff Welday	Global Distribution	Profile
Gregory Ezell	Chief Officer	Profile
Louise Jones	Managing Operations	Profile

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