Bandwidth Correlations
BAND Stock | USD 20.65 0.21 1.01% |
The correlation of Bandwidth 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bandwidth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bandwidth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Bandwidth and NYA is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bandwidth and NYA in the same portfolio, assuming nothing else is changed.
Bandwidth |
The ability to find closely correlated positions to Bandwidth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bandwidth 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 Bandwidth - 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 Bandwidth to buy it.
Moving together with Bandwidth Stock
0.62 | OB | Outbrain | PairCorr |
0.64 | TC | TuanChe ADR | PairCorr |
0.75 | WB | Weibo Corp | PairCorr |
0.75 | DOYU | DouYu International Earnings Call Today | PairCorr |
0.82 | VEON | VEON Report 28th of June 2024 | PairCorr |
Moving against Bandwidth Stock
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Bandwidth Stock performing well and Bandwidth 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 Bandwidth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DOCN | 2.03 | (0.05) | 0.00 | (0.03) | 0.00 | 4.59 | 13.96 | |||
ADYEY | 1.75 | (0.31) | 0.00 | (0.15) | 0.00 | 2.98 | 19.09 | |||
OKTA | 1.18 | (0.35) | 0.00 | (0.30) | 0.00 | 2.20 | 10.63 | |||
CFLT | 2.02 | (0.41) | 0.00 | (0.43) | 0.00 | 3.91 | 21.65 | |||
RPD | 1.72 | (0.75) | 0.00 | (0.55) | 0.00 | 3.05 | 20.27 | |||
FOUR | 2.31 | (0.24) | 0.00 | (0.10) | 0.00 | 4.27 | 15.63 | |||
APPN | 2.26 | (0.34) | 0.00 | (0.17) | 0.00 | 3.89 | 23.47 | |||
NET | 1.87 | (0.55) | 0.00 | (0.76) | 0.00 | 3.12 | 20.14 | |||
ZS | 1.41 | (0.40) | 0.00 | (0.22) | 0.00 | 2.44 | 9.05 | |||
MDB | 2.16 | (0.89) | 0.00 | (1.97) | 0.00 | 4.79 | 31.54 |
Bandwidth Corporate Management
John Bell | Chief Officer | Profile | |
Ryan Henley | Chief Officer | Profile | |
Rebecca Bottorff | Chief Director | Profile | |
Kade Ross | Chief Officer | Profile | |
Richard Asbill | General Secretary | Profile |
Complementary Tools for Bandwidth Stock analysis
When running Bandwidth's price analysis, check to measure Bandwidth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bandwidth is operating at the current time. Most of Bandwidth's value examination focuses on studying past and present price action to predict the probability of Bandwidth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bandwidth's price. Additionally, you may evaluate how the addition of Bandwidth to your portfolios can decrease your overall portfolio volatility.
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |