Balta Group Correlations
| BDB Stock | EUR 0.85 0.01 1.16% |
The current 90-days correlation between Balta Group NV and H FARM SPA is -0.02 (i.e., Good diversification). The correlation of Balta Group 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.
Balta Group Correlation With Market
Average diversification
The correlation between Balta Group NV and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balta Group NV and DJI in the same portfolio, assuming nothing else is changed.
Balta |
The ability to find closely correlated positions to Balta Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Balta Group 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 Balta Group - 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 Balta Group NV to buy it.
Moving against Balta Stock
| 0.75 | ABEA | Alphabet Class A | PairCorr |
| 0.6 | ATD | Allegheny Technologies | PairCorr |
| 0.59 | MHC | MegaChips | PairCorr |
| 0.53 | AMD | Advanced Micro Devices | PairCorr |
| 0.59 | DBSA | Banco Santander SA | PairCorr |
| 0.58 | 2BH | HCA Healthcare | PairCorr |
| 0.57 | 2BH | HCA Healthcare | PairCorr |
| 0.53 | OD7B | ETFS Coffee ETC | PairCorr |
| 0.52 | RGN | Repligen | PairCorr |
| 0.49 | KOP | Korea Electric Power | PairCorr |
| 0.49 | CID | Companhia Energtica | PairCorr |
| 0.47 | MMM | 3M Company | PairCorr |
| 0.42 | CCJ | Cincinnati Financial | PairCorr |
| 0.38 | GAP | Gap | PairCorr |
| 0.38 | ZEG | ASTRAZENECA | PairCorr |
| 0.37 | PIR | Peoples Insurance | PairCorr |
| 0.35 | 6MK | Merck | PairCorr |
| 0.7 | HY9H | SK hynix | PairCorr |
| 0.67 | MLU | MANULIFE FINANCIAL | PairCorr |
| 0.66 | TJX | TJX Companies | PairCorr |
| 0.66 | D6H | DATAGROUP SE | PairCorr |
| 0.63 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.63 | TL0 | Tesla Inc | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Balta Stock performing well and Balta Group 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 Balta Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EK7 | 1.73 | 0.17 | 0.05 | 0.42 | 2.02 | 4.62 | 14.19 | |||
| BH5 | 1.32 | (0.08) | 0.00 | (0.40) | 0.00 | 3.23 | 9.31 | |||
| TIA | 1.92 | 0.19 | 0.03 | (0.97) | 2.39 | 4.26 | 41.53 | |||
| DGN | 2.18 | (0.11) | 0.00 | 0.25 | 0.00 | 4.17 | 16.50 | |||
| F51 | 2.06 | 0.41 | 0.18 | 0.59 | 1.23 | 5.44 | 34.30 | |||
| GRG | 0.81 | (0.13) | 0.00 | (0.16) | 0.00 | 1.71 | 6.69 | |||
| 5JQ | 1.36 | 0.11 | 0.01 | 0.24 | 1.94 | 6.67 | 12.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Balta Group 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.Did you try this?
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Balta Group Corporate Management
Elected by the shareholders, the Balta Group's board of directors comprises two types of representatives: Balta Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Balta. The board's role is to monitor Balta Group's management team and ensure that shareholders' interests are well served. Balta Group'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, Balta Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Annelies Willemyns | G Sec | Profile | |
| Emmanuel Rigaux | MD Committee | Profile | |
| Milosz Dijn | Sales Director | Profile | |
| Cyrille MA | CEO Chairman | Profile | |
| James Harley | Pres Committee | Profile |