Benefytt Technologies Related Correlations

Generate correlation matrix for Benefytt Technologies and other related equities to check the degree to which Benefytt Technologies price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Benefytt Technologies. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Specify up to 10 symbols:
Please note, there is a significant difference between Benefytt Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Benefytt Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Benefytt Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

BVDRF
CDR-PB
NAPA
NCTW
CELH
SPG
GTY
BVDRF
0.00.01.00.00.00.0
BVDRF
CDR-PB
0.0-0.310.00.770.78-0.81
CDR-PB
NAPA
0.0-0.310.0-0.020.060.49
NAPA
NCTW
1.00.00.00.00.00.0
NCTW
CELH
0.00.77-0.020.00.88-0.53
CELH
SPG
0.00.780.060.00.88-0.51
SPG
GTY
0.0-0.810.490.0-0.53-0.51
GTY
BVDRF
CDR-PB
NAPA
NCTW
CELH
SPG
GTY
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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   
NCTWBVDRF
SPGCELH
SPGCDR-PB
CELHCDR-PB
GTYNAPA
SPGNAPA
  
High negative correlations   
GTYCDR-PB
GTYCELH
GTYSPG
NAPACDR-PB
CELHNAPA
GTYNCTW

Risk-Adjusted Indicators

There is a big difference between Benefytt Stock performing well and Benefytt Technologies 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 Benefytt Technologies' 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.