BacTech Environmental Correlations

BCCEF Stock

USD 0.03 0.0006 1.81%

The current 90-days correlation between BacTech Environmental and Newlox Gold Ventures is 0.13 (i.e., Average diversification). The correlation of BacTech Environmental 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.

BacTech Environmental Correlation With Market

Significant diversification

The correlation between BacTech Environmental and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BacTech Environmental and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BacTech OTC Stock

0.76

WCN

Waste Connections Earnings Call Tomorrow

Pair Corr

Moving against BacTech OTC Stock

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0.46	TMRAY	Tomra Systems ASA	Pair Corr
0.43	LII	Lennox International Earnings Call Tomorrow	Pair Corr
0.41	TMRAF	Tomra Systems ASA	Pair Corr
0.31	VEOEY	Veolia Environnement	Pair Corr
0.81	CGXYY	China Galaxy Securities	Pair Corr
0.78	PTHL	Pheton Holdings	Pair Corr
0.76	SRM	SRM Entertainment, Common Trending	Pair Corr
0.7	JPM	JPMorgan Chase	Pair Corr
0.69	DHIL	Diamond Hill Investment	Pair Corr
0.66	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.61	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.58	FPAFF	First Pacific	Pair Corr
0.53	482480AM2	KLAC 495 15	Pair Corr
0.52	LRMR	Larimar Therapeutics	Pair Corr
0.51	CLH	Clean Harbors	Pair Corr
0.44	ODFL	Old Dominion Freight Earnings Call Tomorrow	Pair Corr
0.39	GITS	Global Interactive Symbol Change	Pair Corr
0.39	SNEX	Stonex Group	Pair Corr

Related Correlations Analysis

	AGXXF	BTQNF	ECPL	ANRGF	NWLXF	CWSFF	AATGF	BNET	BKUCF
AGXXF		-0.04	-0.23	0.51	-0.25	0.34	0.0	0.35	0.55	AGXXF
BTQNF	-0.04		-0.82	0.54	-0.32	-0.14	0.0	0.6	0.16	BTQNF
ECPL	-0.23	-0.82		-0.65	0.35	0.01	0.0	-0.66	-0.15	ECPL
ANRGF	0.51	0.54	-0.65		-0.27	0.31	0.0	0.86	0.39	ANRGF
NWLXF	-0.25	-0.32	0.35	-0.27		-0.1	0.0	-0.3	-0.28	NWLXF
CWSFF	0.34	-0.14	0.01	0.31	-0.1		0.0	0.26	0.2	CWSFF
AATGF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AATGF
BNET	0.35	0.6	-0.66	0.86	-0.3	0.26	0.0		0.43	BNET
BKUCF	0.55	0.16	-0.15	0.39	-0.28	0.2	0.0	0.43		BKUCF
	AGXXF	BTQNF	ECPL	ANRGF	NWLXF	CWSFF	AATGF	BNET	BKUCF

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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

BNET	+ 0.86	ANRGF
BNET	+ 0.6	BTQNF
BKUCF	+ 0.55	AGXXF
ANRGF	+ 0.54	BTQNF
ANRGF	+ 0.51	AGXXF
BKUCF	+ 0.43	BNET

High negative correlations

ECPL	- 0.82	BTQNF
BNET	- 0.66	ECPL
ANRGF	- 0.65	ECPL
NWLXF	- 0.32	BTQNF
BNET	- 0.3	NWLXF
BKUCF	- 0.28	NWLXF

Risk-Adjusted Indicators

There is a big difference between BacTech OTC Stock performing well and BacTech Environmental OTC Stock 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 BacTech Environmental'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
AGXXF	0.77	0.06	0.00	0.25	0.00	0.00	2.96	0.00	17.87
BTQNF	0.84	0.21	0.02	(3.30)	0.82	(4.67)	2.81	(1.89)	18.84
ECPL	3.49	(0.03)	0.00	0.27	0.00	0.00	0.00	0.00	152.00
ANRGF	3.01	0.83	0.10	(2.57)	3.44	(7.56)	11.11	(2.86)	45.37
NWLXF	2.07	0.33	0.00	2.15	0.00	0.00	0.00	0.00	75.61
CWSFF	11.32	1.82	0.10	1.19	11.68	(28.63)	33.67	(23.61)	124.76
AATGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNET	12.79	3.68	0.25	3.93	9.88	(21.34)	30.00	(20.83)	140.83
BKUCF	5.52	0.80	0.03	(1.91)	7.19	(20.93)	33.33	(25.00)	58.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in BacTech Environmental 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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BacTech Environmental Corporate Management

Elected by the shareholders, the BacTech Environmental's board of directors comprises two types of representatives: BacTech Environmental inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BacTech. The board's role is to monitor BacTech Environmental's management team and ensure that shareholders' interests are well served. BacTech Environmental's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BacTech Environmental's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ross BA	CEO Pres	Profile
Gary PGeo	VP Environment	Profile
David MSc	Chief Officer	Profile
IMM CEng	VP Engineering	Profile

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