Bechtle AG Correlations

BECTY Stock

USD 7.51 1.15 13.28%

The correlation of Bechtle AG 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.

Bechtle AG Correlation With Market

Good diversification

The correlation between Bechtle AG and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bechtle AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bechtle Pink Sheet

0.77	IBM	International Business	Pair Corr
0.86	ACN	Accenture plc	Pair Corr
0.8	INFY	Infosys Ltd ADR	Pair Corr
0.85	CGEMY	Capgemini SE ADR	Pair Corr
0.84	CAPMF	Capgemini SE	Pair Corr
0.69	FISV	Fiserv Common Stock Symbol Change	Pair Corr
0.86	CTSH	Cognizant Technology	Pair Corr

Moving against Bechtle Pink Sheet

0.54	KEP	Korea Electric Power	Pair Corr
0.39	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.31	SSNLF	Samsung Electronics	Pair Corr
0.77	LB	LandBridge Company Upward Rally	Pair Corr
0.72	CLIUF	City of London	Pair Corr
0.65	ALFVF	Alfa Laval AB	Pair Corr
0.62	NINTF	Ninety One Group	Pair Corr
0.57	AKAM	Akamai Technologies Sell-off Trend	Pair Corr
0.54	VKQ	Invesco Municipal Trust	Pair Corr
0.51	VOD	Vodafone Group PLC	Pair Corr
0.48	ACGL	Arch Capital Group	Pair Corr
0.46	EDVMF	Endeavour Mining Corp Earnings Call This Week	Pair Corr
0.44	WLK	Westlake Chemical	Pair Corr
0.43	NAMM	Namib Minerals Ordinary	Pair Corr
0.33	MSGE	Madison Square Garden	Pair Corr
0.75	ATR	AptarGroup	Pair Corr
0.73	SYY	Sysco Sell-off Trend	Pair Corr
0.72	TRP	TC Energy Corp	Pair Corr
0.71	DTEGF	Deutsche Telekom	Pair Corr

Related Correlations Analysis

	CFTLF	AITUY	ULPRF	ASAAF	TMVWF	QTGPF	SLOIY
CFTLF		0.0	0.0	0.0	-0.3	0.36	-0.47	CFTLF
AITUY	0.0		1.0	-1.0	0.0	0.0	0.0	AITUY
ULPRF	0.0	1.0		-1.0	0.0	0.0	0.0	ULPRF
ASAAF	0.0	-1.0	-1.0		0.0	0.0	0.0	ASAAF
TMVWF	-0.3	0.0	0.0	0.0		0.33	-0.18	TMVWF
QTGPF	0.36	0.0	0.0	0.0	0.33		-0.92	QTGPF
SLOIY	-0.47	0.0	0.0	0.0	-0.18	-0.92		SLOIY
	CFTLF	AITUY	ULPRF	ASAAF	TMVWF	QTGPF	SLOIY

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

ULPRF	+ 1.0	AITUY
QTGPF	+ 0.36	CFTLF
QTGPF	+ 0.33	TMVWF
AITUY	+ 0.0	CFTLF
ULPRF	+ 0.0	CFTLF
ASAAF	+ 0.0	CFTLF

High negative correlations

ASAAF	- 1.0	ULPRF
ASAAF	- 1.0	AITUY
SLOIY	- 0.92	QTGPF
SLOIY	- 0.47	CFTLF
TMVWF	- 0.3	CFTLF
SLOIY	- 0.18	TMVWF

Risk-Adjusted Indicators

There is a big difference between Bechtle Pink Sheet performing well and Bechtle AG 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 Bechtle AG'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	Treynor Ratio	Value @Risk	Maximum Drawdown
CFTLF	0.87	(0.34)	3.11	(2.86)	19.32
AITUY	0.00	0.00	0.00	0.00	0.00
ULPRF	0.00	0.00	0.00	0.00	0.00
ASAAF	0.00	0.00	0.00	0.00	0.00
TMVWF	0.50	(0.09)	0.72	(0.46)	10.35
QTGPF	0.66	(0.33)	(0.51)	(0.72)	19.34
SLOIY	1.14	0.59	(0.63)	0.00	21.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bechtle AG 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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Bechtle AG Corporate Management

Klaus Winkler	Chairman Board	Profile
Gerhard Schick	CoFounder Board	Profile
Stefan Sagowski	Exec Division	Profile
Michael Guschlbauer	Member Board	Profile
Martin Link	Head Relations	Profile
Katja Jager	Head Controlling	Profile
Dilan Gnes	Ma HR	Profile

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