Better Home Correlations

BETR Stock

11.47 0.44 3.99%

The current 90-days correlation between Better Home Finance and Marine Products is 0.3 (i.e., Weak 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

Modest diversification

The correlation between Better Home Finance and DJI is 0.24 (i.e., Modest 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

0.66	DHIL	Diamond Hill Investment	Pair Corr
0.61	WD	Walker Dunlop Normal Trading	Pair Corr
0.65	WT	WisdomTree	Pair Corr
0.61	VCTR	Victory Capital Holdings	Pair Corr

Moving against Better Stock

0.36	DYCQ	DT Cloud Acquisition	Pair Corr
0.34	RM	Regional Management Corp	Pair Corr

Related Correlations Analysis

	MPX	TITN	MOD	BWA	APTV	TBBB	GPI
MPX		-0.19	0.64	0.79	-0.75	0.31	-0.36	MPX
TITN	-0.19		-0.68	-0.5	0.65	-0.32	0.91	TITN
MOD	0.64	-0.68		0.81	-0.81	0.48	-0.69	MOD
BWA	0.79	-0.5	0.81		-0.82	0.49	-0.63	BWA
APTV	-0.75	0.65	-0.81	-0.82		-0.42	0.8	APTV
TBBB	0.31	-0.32	0.48	0.49	-0.42		-0.4	TBBB
GPI	-0.36	0.91	-0.69	-0.63	0.8	-0.4		GPI
	MPX	TITN	MOD	BWA	APTV	TBBB	GPI

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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

GPI	+ 0.91	TITN
BWA	+ 0.81	MOD
GPI	+ 0.8	APTV
BWA	+ 0.79	MPX
APTV	+ 0.65	TITN
MOD	+ 0.64	MPX

High negative correlations

APTV	- 0.82	BWA
APTV	- 0.81	MOD
APTV	- 0.75	MPX
GPI	- 0.69	MOD
MOD	- 0.68	TITN
GPI	- 0.63	BWA

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
MPX	1.55	(0.16)	0.00	(0.24)	0.00	0.00	2.45	(3.26)	12.51
TITN	2.34	0.33	0.11	0.19	2.66	(2.57)	4.63	(4.86)	17.36
MOD	3.14	(0.62)	0.00	(0.51)	0.00	0.00	5.40	(7.84)	31.68
BWA	1.38	(0.17)	0.00	(0.33)	0.00	0.00	1.95	(2.89)	7.00
APTV	1.07	0.31	0.25	0.73	1.06	(1.22)	2.12	(2.13)	8.30
TBBB	2.04	(0.31)	0.00	(2.25)	0.00	0.00	3.61	(5.43)	14.51
GPI	1.08	0.20	0.14	0.17	1.12	(1.08)	2.78	(1.86)	6.74

Better Home Corporate Management

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

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