Better Home Correlations
| BETRW Stock | 0.07 0.01 12.25% |
The current 90-days correlation between Better Home Finance and NETGEAR is 0.02 (i.e., Significant 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
Good diversification
The correlation between Better Home Finance and DJI is -0.1 (i.e., Good 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.
Better |
Moving against Better Stock
| 0.56 | DB | Deutsche Bank AG | PairCorr |
| 0.38 | AC | Associated Capital | PairCorr |
| 0.38 | EG | Everest Group | PairCorr |
| 0.37 | CG | Carlyle Group | PairCorr |
| 0.34 | BK | Bank of New York Fiscal Year End 10th of January 2025 | PairCorr |
| 0.32 | GL | Globe Life | PairCorr |
| 0.31 | BN | Brookfield Corp | PairCorr |
| 0.68 | LU | Lufax Holding Buyout Trend | PairCorr |
| 0.66 | TW | Tradeweb Markets | PairCorr |
| 0.53 | LX | Lexinfintech Holdings Trending | PairCorr |
| 0.47 | WD | Walker Dunlop Normal Trading | PairCorr |
| 0.4 | KB | KB Financial Group | PairCorr |
| 0.32 | PX | P10 Inc | PairCorr |
| 0.31 | QD | Qudian Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NTGR | 2.28 | 0.56 | 0.29 | 0.58 | 1.54 | 5.28 | 34.60 | |||
| AMKR | 1.96 | (0.58) | 0.00 | (0.15) | 0.00 | 3.95 | 10.30 | |||
| DDI | 2.55 | (0.04) | (0.01) | 0.08 | 3.30 | 4.94 | 22.06 | |||
| ARW | 1.27 | (0.34) | 0.00 | (0.10) | 0.00 | 2.56 | 15.96 | |||
| MYPS | 2.32 | 0.12 | 0.06 | 0.19 | 2.70 | 6.17 | 14.58 | |||
| EVTZF | 0.65 | (0.17) | 0.00 | 1.24 | 0.00 | 1.31 | 15.98 | |||
| UHG | 2.98 | (0.18) | (0.02) | 0.02 | 3.71 | 7.79 | 17.32 | |||
| PSFE | 2.12 | (0.27) | 0.00 | (0.03) | 0.00 | 5.20 | 31.72 |
Better Home Corporate Management
| Nick Taylor | Head Estate | Profile | |
| Paula Tuffin | Chief Counsel | Profile | |
| Nicholas JD | Chief Counsel | Profile | |
| William III | Chief Officer | Profile | |
| Calamari J | Chief Counsel | Profile | |
| Josh Durodola | Head Services | Profile |