Bucharest BET-NG Correlations
| BETNG Index | 1,243 8.27 0.67% |
The correlation of Bucharest BET-NG 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 Bucharest BET-NG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bucharest BET-NG 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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in price. The ability to find closely correlated positions to Bucharest BET-NG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bucharest BET-NG 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 Bucharest BET-NG - 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 Bucharest BET-NG to buy it.
Related Correlations Analysis
| 0.51 | 0.88 | 0.5 | 0.85 | BETFI | ||
| 0.51 | 0.77 | 1.0 | 0.76 | BETPLUS | ||
| 0.88 | 0.77 | 0.76 | 0.95 | BETXT | ||
| 0.5 | 1.0 | 0.76 | 0.76 | BETTR | ||
| 0.85 | 0.76 | 0.95 | 0.76 | BETNG | ||
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Risk-Adjusted Indicators
There is a big difference between Bucharest Index performing well and Bucharest BET-NG Index 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 Bucharest BET-NG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BETFI | 0.61 | 0.00 | 0.00 | 0.00 | 0.70 | 1.41 | 4.26 | |||
| BETPLUS | 0.45 | 0.00 | 0.10 | 0.00 | 0.51 | 0.88 | 2.64 | |||
| BETXT | 0.36 | 0.00 | 0.17 | 0.00 | 0.11 | 0.75 | 2.19 | |||
| BETTR | 0.47 | 0.00 | 0.11 | 0.00 | 0.52 | 0.91 | 2.76 | |||
| BETNG | 0.41 | 0.00 | 0.16 | 0.00 | 0.23 | 1.07 | 2.42 |
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Bucharest BET-NG Distribution of Returns
Predicted Return Density |
| Returns |
What Drives a Bucharest BET-NG Price Volatility?
Several factors can influence a index's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Bucharest BET-NG Against Global Markets
| ISEQ 20 | 0.71 | |||||
| BETNG | 0.67 | |||||
| Budapest | 0.53 | |||||
| IDX 30 | 0.51 | |||||
| TWII | 0.26 | |||||
| GDAXI | 0.06 | |||||
| CROBEX | 0.15 | |||||
| PSI 20 | 0.37 | |||||
| NYA | 1.14 |
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Bucharest BET-NG information on this page should be used as a complementary analysis to other Bucharest BET-NG's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.