BTB Real Correlations

BTBIF Stock

USD 2.32 0.10 4.13%

The current 90-days correlation between BTB Real Estate and City Office is -0.06 (i.e., Good diversification). The correlation of BTB Real 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.

BTB Real Correlation With Market

Good diversification

The correlation between BTB Real Estate and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BTB Real Estate and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BTB Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BTB Real 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 BTB Real - 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 BTB Real Estate to buy it.

Moving against BTB Pink Sheet

0.8	SSNLF	Samsung Electronics	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.64	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.6	EC	Ecopetrol SA ADR	Pair Corr
0.55	NVRO	Nevro Corp	Pair Corr
0.53	CSCO	Cisco Systems	Pair Corr
0.51	PTLKF	PT Lippo Karawaci	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.39	T	ATT Inc Earnings Call This Week	Pair Corr
0.35	JPM	JPMorgan Chase	Pair Corr
0.35	KO	Coca Cola	Pair Corr
0.31	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	CIO	VNO	CUZ	HIW	DEI	EQC	KRC	OFC	CMCT	HPP
CIO		0.56	0.43	0.72	0.84	0.33	0.77	0.0	0.75	0.34	CIO
VNO	0.56		0.64	0.46	0.78	0.52	0.67	0.0	0.56	0.36	VNO
CUZ	0.43	0.64		0.49	0.52	0.46	0.55	0.0	0.24	0.64	CUZ
HIW	0.72	0.46	0.49		0.77	0.3	0.7	0.0	0.7	0.37	HIW
DEI	0.84	0.78	0.52	0.77		0.48	0.89	0.0	0.81	0.32	DEI
EQC	0.33	0.52	0.46	0.3	0.48		0.59	0.0	0.59	-0.13	EQC
KRC	0.77	0.67	0.55	0.7	0.89	0.59		0.0	0.76	0.22	KRC
OFC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OFC
CMCT	0.75	0.56	0.24	0.7	0.81	0.59	0.76	0.0		-0.03	CMCT
HPP	0.34	0.36	0.64	0.37	0.32	-0.13	0.22	0.0	-0.03		HPP
	CIO	VNO	CUZ	HIW	DEI	EQC	KRC	OFC	CMCT	HPP

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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

KRC	+ 0.89	DEI
DEI	+ 0.84	CIO
CMCT	+ 0.81	DEI
DEI	+ 0.78	VNO
KRC	+ 0.77	CIO
DEI	+ 0.77	HIW

High negative correlations

HPP	- 0.13	EQC
HPP	- 0.03	CMCT
HPP	- 0.0	OFC
CMCT	- 0.0	OFC
OFC	- 0.0	KRC
OFC	- 0.0	EQC

Risk-Adjusted Indicators

There is a big difference between BTB Pink Sheet performing well and BTB Real 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 BTB Real'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
CIO	1.58	(0.10)	0.00	(0.18)	0.00	0.00	3.57	(3.73)	9.02
VNO	2.12	(0.21)	0.00	0.33	0.00	0.00	3.70	(5.21)	11.30
CUZ	1.36	0.06	0.03	0.00	2.07	(1.25)	2.21	(3.17)	7.26
HIW	1.33	(0.01)	0.00	(0.08)	0.00	0.00	2.75	(2.84)	7.07
DEI	1.89	(0.18)	0.00	(0.23)	0.00	0.00	3.28	(4.39)	10.12
EQC	1.28	(0.02)	0.00	(0.11)	0.00	0.00	2.38	(2.33)	9.98
KRC	1.90	(0.15)	0.00	(0.21)	0.00	0.00	3.44	(3.90)	9.74
OFC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMCT	7.45	(2.39)	0.00	(17.65)	0.00	0.00	14.29	(16.75)	85.91
HPP	3.56	0.13	0.00	(0.02)	0.00	0.00	8.01	(6.06)	21.47

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Our tools can tell you how much better you can do entering a position in BTB Real 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.

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BTB Real Corporate Management

Mathieu Bolte	VP CFO	Profile
Peter Picciola	VP Officer	Profile
Nathalie Jacques	Chief Accountant	Profile
Sylvie Hatotte	Director Processes	Profile
Philippine Soulie	Director Relations	Profile
Eleni Mentzelos	Director HR	Profile
tienne Charbonneau	Principal Controller	Profile

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