Beacon Financial Correlations

BBT Stock

USD 31.32 0.29 0.92%

The current 90-days correlation between Beacon Financial and Sixth Street Specialty is 0.35 (i.e., Weak diversification). The correlation of Beacon Financial 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.

Beacon Financial Correlation With Market

Very poor diversification

The correlation between Beacon Financial and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beacon Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Beacon Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Beacon Stock please use our How to Invest in Beacon Financial guide.

Moving together with Beacon Stock

0.71	C	Citigroup Aggressive Push	Pair Corr
0.71	RY	Royal Bank	Pair Corr
0.87	BAP	Credicorp Earnings Call Tomorrow	Pair Corr
0.81	BNS	Bank of Nova Scotia	Pair Corr
0.92	BMO	Bank of Montreal	Pair Corr
0.9	MFG	Mizuho Financial	Pair Corr
0.88	HSBC	HSBC Holdings PLC	Pair Corr
0.85	ITUB	Itau Unibanco Banco Aggressive Push	Pair Corr
0.71	NAB	National Australia Bank Earnings Call This Week	Pair Corr
0.82	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.84	A6O	Alior Bank SA	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.75	KEP	Korea Electric Power	Pair Corr
0.63	PTITF	PT Indosat Tbk	Pair Corr
0.85	THO	Thor Industries	Pair Corr
0.79	RCKY	Rocky Brands	Pair Corr
0.79	ENS	Enersys Earnings Call Today	Pair Corr
0.7	APETF	Alpha Esports Tech	Pair Corr
0.67	BNKHF	BOC Hong Kong	Pair Corr
0.79	YLLXF	Yellow Cake plc	Pair Corr

Moving against Beacon Stock

0.76	EK7A	AGRICULTBK HADR25	Pair Corr
0.62	HDB	HDFC Bank Limited	Pair Corr
0.59	EK7	Agricultural Bank	Pair Corr
0.56	PTAIF	PT Astra International	Pair Corr
0.64	BROGF	BROGF	Pair Corr
0.45	IVVD	Invivyd Buyout Trend	Pair Corr
0.42	PIFMY	Indofood Sukses Makmur	Pair Corr
0.31	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	TSLX	ECC	GCMG	BUR	SII	WT	EFSC	PAX	GRAB	TY
TSLX		0.5	0.62	0.63	0.34	0.21	0.2	0.74	-0.19	-0.14	TSLX
ECC	0.5		0.33	0.29	-0.22	-0.36	-0.49	0.39	0.51	0.4	ECC
GCMG	0.62	0.33		0.28	0.07	0.0	-0.2	0.69	0.2	-0.28	GCMG
BUR	0.63	0.29	0.28		0.62	0.56	0.44	0.47	-0.45	0.01	BUR
SII	0.34	-0.22	0.07	0.62		0.97	0.67	0.31	-0.81	-0.27	SII
WT	0.21	-0.36	0.0	0.56	0.97		0.7	0.19	-0.84	-0.28	WT
EFSC	0.2	-0.49	-0.2	0.44	0.67	0.7		0.01	-0.78	-0.23	EFSC
PAX	0.74	0.39	0.69	0.47	0.31	0.19	0.01		-0.14	-0.27	PAX
GRAB	-0.19	0.51	0.2	-0.45	-0.81	-0.84	-0.78	-0.14		0.4	GRAB
TY	-0.14	0.4	-0.28	0.01	-0.27	-0.28	-0.23	-0.27	0.4		TY
	TSLX	ECC	GCMG	BUR	SII	WT	EFSC	PAX	GRAB	TY

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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

WT	+ 0.97	SII
PAX	+ 0.74	TSLX
EFSC	+ 0.7	WT
PAX	+ 0.69	GCMG
EFSC	+ 0.67	SII
BUR	+ 0.63	TSLX

High negative correlations

GRAB	- 0.84	WT
GRAB	- 0.81	SII
GRAB	- 0.78	EFSC
EFSC	- 0.49	ECC
GRAB	- 0.45	BUR
WT	- 0.36	ECC

Risk-Adjusted Indicators

There is a big difference between Beacon Stock performing well and Beacon Financial 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 Beacon Financial'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
TSLX	1.01	(0.13)	0.00	(0.13)	0.00	0.00	2.13	(2.57)	5.99
ECC	1.55	(0.35)	0.00	(0.38)	0.00	0.00	2.38	(4.17)	11.74
GCMG	1.38	(0.08)	(0.04)	(0.01)	2.19	(1.43)	2.23	(3.75)	9.84
BUR	1.66	(0.11)	0.00	(0.02)	0.00	0.00	3.01	(3.77)	11.78
SII	2.17	0.52	0.18	0.63	2.47	(2.31)	5.50	(4.01)	14.30
WT	1.66	0.41	0.24	0.56	1.40	(2.04)	4.19	(2.35)	11.11
EFSC	1.15	0.08	0.06	0.18	1.07	(1.37)	2.79	(1.70)	9.13
PAX	1.44	(0.16)	0.00	(0.08)	0.00	0.00	2.75	(3.13)	10.07
GRAB	1.82	(0.47)	0.00	(0.37)	0.00	0.00	3.54	(3.94)	12.33
TY	0.54	(0.07)	0.00	(0.04)	0.00	0.00	1.04	(0.89)	7.86

Beacon Financial Corporate Management

Dario Hernandez	VP Counsel	Profile
Mark Meiklejohn	Chief Officer	Profile
Jacqueline Courtwright	Chief Officer	Profile
Sean Gray	Chief Officer	Profile
Gordon Esq	General Secretary	Profile
Michael Esq	Chief Officer	Profile

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