Better Home Correlations

BETR Stock

12.87 0.11 0.85%

The current 90-days correlation between Better Home Finance and Alto Ingredients is -0.13 (i.e., Good diversification). The correlation of Better Home 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.

Better Home Correlation With Market

Significant diversification

The correlation between Better Home Finance 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 Better Home Finance 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 Better Home Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Better Stock

0.69

RKT

Rocket Companies

Pair Corr

Moving against Better Stock

0.4	PAPL	Pineapple Financial	Pair Corr
0.39	EG	Everest Group	Pair Corr

Related Correlations Analysis

	NE	ALTO	SXT	TS	BCPC	BORR	CF	IRIG
NE		0.59	0.22	0.42	-0.7	0.89	0.91	0.0	NE
ALTO	0.59		-0.31	0.01	-0.36	0.54	0.55	0.0	ALTO
SXT	0.22	-0.31		0.25	0.0	0.06	0.21	0.0	SXT
TS	0.42	0.01	0.25		-0.45	0.19	0.35	0.0	TS
BCPC	-0.7	-0.36	0.0	-0.45		-0.56	-0.59	0.0	BCPC
BORR	0.89	0.54	0.06	0.19	-0.56		0.76	0.0	BORR
CF	0.91	0.55	0.21	0.35	-0.59	0.76		0.0	CF
IRIG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IRIG
	NE	ALTO	SXT	TS	BCPC	BORR	CF	IRIG

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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

CF	+ 0.91	NE
BORR	+ 0.89	NE
CF	+ 0.76	BORR
ALTO	+ 0.59	NE
CF	+ 0.55	ALTO
BORR	+ 0.54	ALTO

High negative correlations

BCPC	- 0.7	NE
CF	- 0.59	BCPC
BORR	- 0.56	BCPC
BCPC	- 0.45	TS
BCPC	- 0.36	ALTO
SXT	- 0.31	ALTO

Risk-Adjusted Indicators

There is a big difference between Better Stock performing well and Better Home 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 Better Home'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
NE	1.86	(0.24)	0.00	(0.27)	0.00	0.00	3.30	(4.19)	13.82
ALTO	3.48	0.05	0.00	(0.02)	0.00	0.00	9.70	(6.00)	19.74
SXT	1.20	(0.02)	0.00	(0.09)	0.00	0.00	2.33	(2.24)	11.22
TS	1.19	0.09	0.07	0.04	1.42	(1.31)	2.71	(2.32)	8.71
BCPC	1.06	(0.07)	0.00	(0.16)	0.00	0.00	1.80	(2.48)	7.75
BORR	2.72	(0.62)	0.00	(0.90)	0.00	0.00	4.84	(5.98)	13.75
CF	1.67	(0.15)	0.00	(0.27)	0.00	0.00	2.51	(4.59)	15.08
IRIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Better Home Corporate Management

Paula Tuffin	Chief Counsel	Profile
Nicholas JD	Chief Counsel	Profile
Calamari J	Chief Counsel	Profile
Stephen Riddell	Head Sales	Profile

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