Binah Capital Correlations

BCGWW Stock

0.08 0.01 13.14%

The current 90-days correlation between Binah Capital Group, and Ryanair Holdings PLC is -0.07 (i.e., Good diversification). The correlation of Binah Capital 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.

Binah Capital Correlation With Market

Good diversification

The correlation between Binah Capital Group, and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Binah Capital Group, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Binah Stock

0.62	NTRSO	Northern Trust	Pair Corr
0.61	PSEC-PA	Prospect Capital	Pair Corr
0.61	OCCIO	OFS Credit	Pair Corr
0.59	OCCIN	OFS Credit	Pair Corr
0.58	PFG	Principal Financial	Pair Corr
0.58	ECF-PA	Ellsworth Growth	Pair Corr
0.56	OAK-PA	Oaktree Capital Group	Pair Corr
0.55	STT-PG	State Street	Pair Corr
0.52	GGT-PE	The Gabelli Multimedia	Pair Corr
0.51	OAK-PB	Oaktree Capital Group	Pair Corr
0.49	ATCO-PD	Atlas Corp	Pair Corr
0.47	GECCO	Great Elm Capital	Pair Corr
0.46	ATCO-PH	Atlas Corp	Pair Corr
0.44	GAINN	Gladstone Investment	Pair Corr
0.43	APO-PA	Apollo Global Management	Pair Corr
0.33	GGN-PB	GAMCO Global Gold	Pair Corr
0.69	DB	Deutsche Bank AG	Pair Corr
0.58	AC	Associated Capital	Pair Corr
0.57	LX	Lexinfintech Holdings Earnings Call This Week	Pair Corr
0.55	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.54	GL	Globe Life	Pair Corr
0.52	AB	AllianceBernstein	Pair Corr
0.52	CG	Carlyle Group	Pair Corr
0.52	CM	Canadian Imperial Bank Fiscal Year End 5th of December 2024	Pair Corr
0.47	BN	Brookfield Corp	Pair Corr
0.46	KB	KB Financial Group	Pair Corr
0.41	LU	Lufax Holding	Pair Corr
0.4	CB	Chubb	Pair Corr
0.39	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	RYAAY	PLAY	JBL	PLTK	ODFL	FORM	PG
RYAAY		0.5	0.6	0.67	0.36	-0.64	-0.02	RYAAY
PLAY	0.5		0.86	0.73	0.79	-0.51	-0.65	PLAY
JBL	0.6	0.86		0.72	0.67	-0.4	-0.62	JBL
PLTK	0.67	0.73	0.72		0.72	-0.54	-0.39	PLTK
ODFL	0.36	0.79	0.67	0.72		-0.34	-0.58	ODFL
FORM	-0.64	-0.51	-0.4	-0.54	-0.34		0.04	FORM
PG	-0.02	-0.65	-0.62	-0.39	-0.58	0.04		PG
	RYAAY	PLAY	JBL	PLTK	ODFL	FORM	PG

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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

JBL	+ 0.86	PLAY
ODFL	+ 0.79	PLAY
PLTK	+ 0.73	PLAY
PLTK	+ 0.72	JBL
ODFL	+ 0.72	PLTK
PLTK	+ 0.67	RYAAY

High negative correlations

PG	- 0.65	PLAY
FORM	- 0.64	RYAAY
PG	- 0.62	JBL
PG	- 0.58	ODFL
FORM	- 0.54	PLTK
FORM	- 0.51	PLAY

Risk-Adjusted Indicators

There is a big difference between Binah Stock performing well and Binah Capital 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 Binah Capital'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
RYAAY	1.51	0.12	0.04	0.28	1.79	(1.60)	3.77	(3.25)	8.74
PLAY	2.49	0.06	0.06	0.12	2.71	(2.93)	5.35	(4.57)	14.95
JBL	1.36	0.12	0.13	0.17	1.25	(1.68)	2.80	(2.04)	15.06
PLTK	1.33	0.25	0.17	0.34	1.16	(1.60)	3.22	(2.19)	9.23
ODFL	1.62	(0.03)	0.02	0.08	2.21	(1.61)	2.68	(3.52)	14.35
FORM	2.45	(0.59)	0.00	(0.14)	0.00	0.00	4.51	(5.08)	19.85
PG	0.69	0.04	(0.09)	(0.09)	0.83	(0.78)	1.56	(1.26)	4.66

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