Bryn Resources Correlations
| BRYN Stock | USD 0 0.00 0.00% |
The current 90-days correlation between Bryn Resources and Atento SA is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bryn Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bryn Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bryn Resources Correlation With Market
Significant diversification
The correlation between Bryn Resources and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bryn Resources and DJI in the same portfolio, assuming nothing else is changed.
Bryn |
The ability to find closely correlated positions to Bryn Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bryn Resources 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 Bryn Resources - 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 Bryn Resources to buy it.
Moving together with Bryn Pink Sheet
| 0.72 | BKRKY | Bank Rakyat | PairCorr |
| 0.66 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.67 | EC | Ecopetrol SA ADR | PairCorr |
| 0.66 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.62 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.68 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Bryn Pink Sheet
| 0.74 | CSCO | Cisco Systems | PairCorr |
| 0.7 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.66 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
| 0.65 | PTAIF | PT Astra International | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.62 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.58 | SSNLF | Samsung Electronics | PairCorr |
| 0.58 | DIS | Walt Disney | PairCorr |
| 0.4 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bryn Pink Sheet performing well and Bryn Resources 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 Bryn Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATTO | 7.71 | (0.83) | 0.00 | 0.33 | 0.00 | 8.70 | 125.19 | |||
| TISI | 5.32 | 0.01 | 0.00 | 0.12 | 7.71 | 11.03 | 50.70 | |||
| SMXWW | 24.77 | 5.73 | 0.17 | (0.70) | 21.77 | 63.93 | 221.54 | |||
| LICN | 6.01 | (2.42) | 0.00 | (1.33) | 0.00 | 5.79 | 91.53 | |||
| XCPL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bryn Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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