Ballantyne Strong Correlations
| BTNDelisted Stock | USD 2.65 0.13 5.16% |
The current 90-days correlation between Ballantyne Strong and ICC Holdings is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ballantyne Strong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballantyne Strong moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ballantyne Strong Correlation With Market
Good diversification
The correlation between Ballantyne Strong and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ballantyne Strong and DJI in the same portfolio, assuming nothing else is changed.
Ballantyne |
Moving against Ballantyne Stock
| 0.42 | TGTX | TG Therapeutics | PairCorr |
| 0.39 | OBYCF | Obayashi | PairCorr |
| 0.37 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.36 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.34 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.33 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.33 | MAR | Marriott International | PairCorr |
| 0.32 | NETDU | Nabors Energy Transition | PairCorr |
| 0.32 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.31 | SAPMF | Saipem SpA | PairCorr |
| 0.43 | AS | Amer Sports, | PairCorr |
| 0.42 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.42 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.36 | BSGM | BioSig Technologies, | PairCorr |
| 0.34 | RELY | Remitly Global | PairCorr |
| 0.34 | DASH | DoorDash, Class A | PairCorr |
| 0.33 | HUT | Hut 8 Corp | PairCorr |
| 0.32 | SUM | Summit Materials | PairCorr |
| 0.32 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.32 | GLABF | Gemina Laboratories | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Ballantyne Stock performing well and Ballantyne Strong 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 Ballantyne Strong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIISY | 1.96 | 0.49 | 0.16 | 6.48 | 1.36 | 4.98 | 28.12 | |||
| SLF | 0.66 | 0.05 | 0.04 | 0.17 | 0.71 | 1.31 | 6.02 | |||
| STKL | 1.95 | 0.25 | 0.09 | 0.80 | 2.24 | 3.82 | 17.12 | |||
| AIZ | 0.97 | 0.14 | 0.07 | 0.61 | 1.45 | 1.84 | 9.45 | |||
| ICCH | 0.38 | 0.02 | 0.00 | (0.99) | 0.57 | 1.17 | 4.57 |
Ballantyne Strong Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ballantyne Strong stock to make a market-neutral strategy. Peer analysis of Ballantyne Strong could also be used in its relative valuation, which is a method of valuing Ballantyne Strong by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Ballantyne Strong?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.