Better Collective Correlations
| BTRCF Stock | USD 11.67 0.00 0.00% |
The current 90-days correlation between Better Collective and Enghouse Systems Limited is 0.11 (i.e., Average diversification). The correlation of Better Collective 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.
Better Collective Correlation With Market
Very good diversification
The correlation between Better Collective AS and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Better Collective AS and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Better Collective could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Collective 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 Better Collective - 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 Better Collective AS to buy it.
Moving together with Better Pink Sheet
| 0.86 | SAP | SAP SE ADR | PairCorr |
| 0.84 | CRM | Salesforce | PairCorr |
| 0.83 | SHOP | Shopify | PairCorr |
| 0.81 | UBER | Uber Technologies | PairCorr |
| 0.78 | APP | Applovin Corp | PairCorr |
| 0.86 | SAPGF | SAP SE | PairCorr |
| 0.81 | INTU | Intuit Inc Tech Boost | PairCorr |
| 0.74 | NOW | ServiceNow Aggressive Push | PairCorr |
| 0.76 | CDNS | Cadence Design Systems | PairCorr |
| 0.78 | SNOW | Snowflake | PairCorr |
| 0.73 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.8 | JD | JD Inc Adr Buyout Trend | PairCorr |
| 0.83 | ACN | Accenture plc | PairCorr |
| 0.66 | POAI | Predictive Oncology Symbol Change | PairCorr |
Moving against Better Pink Sheet
| 0.8 | WMT | Walmart Common Stock | PairCorr |
| 0.6 | SAR | Saratoga Investment Corp | PairCorr |
| 0.82 | D | Dominion Energy | PairCorr |
| 0.82 | CABGY | Carlsberg AS | PairCorr |
| 0.8 | XOM | Exxon Mobil Corp | PairCorr |
| 0.77 | CMS | CMS Energy Sell-off Trend | PairCorr |
| 0.68 | SBUX | Starbucks | PairCorr |
| 0.67 | FRCOF | Fast Retailing | PairCorr |
| 0.65 | MLAB | Mesa Laboratories | PairCorr |
| 0.63 | ADAMI | New York Mortgage Symbol Change | PairCorr |
| 0.58 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.52 | FLMCF | First Lithium Minerals | PairCorr |
| 0.41 | STOK | Stoke Therapeutics Earnings Call This Week | PairCorr |
| 0.38 | YLLXF | Yellow Cake plc | PairCorr |
| 0.31 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.83 | GLW | Corning Incorporated | PairCorr |
| 0.75 | SU | Suncor Energy | PairCorr |
| 0.75 | HFRO-PA | Highland Funds I | PairCorr |
| 0.74 | MKLY | McKinley Acquisition | PairCorr |
| 0.73 | EME | EMCOR Group | PairCorr |
| 0.71 | PM | Philip Morris Intern | 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 Better Pink Sheet performing well and Better Collective 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 Better Collective'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGHSF | 1.08 | (0.05) | 0.00 | 0.87 | 0.00 | 1.72 | 8.19 | |||
| GBGPF | 0.48 | (0.26) | 0.00 | (10.96) | 0.00 | 0.00 | 11.22 | |||
| SWDHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BVSFF | 1.75 | (0.68) | 0.00 | (44.79) | 0.00 | 0.00 | 59.79 | |||
| TRCLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WRDLY | 2.31 | (0.07) | 0.00 | (0.53) | 0.00 | 6.67 | 22.26 | |||
| WWLNF | 0.24 | 0.01 | 0.00 | 0.12 | 0.00 | 0.00 | 10.49 | |||
| NGRRF | 2.50 | (0.48) | 0.00 | 0.60 | 0.00 | 4.99 | 18.81 | |||
| TMOAF | 1.07 | 0.41 | 0.00 | 1.06 | 0.00 | 0.00 | 35.16 | |||
| XFABF | 1.33 | 0.14 | 0.03 | (0.78) | 1.94 | 5.14 | 21.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Better Collective 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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Better Collective Corporate Management
| Mikkel Jacobsgaard | Director Relations | Profile | |
| Ulrik Marschall | Group Mang | Profile | |
| Flemming Pedersen | CFO VP | Profile | |
| Camilla Bille | VP Culture | Profile | |
| Henrik Lykkesteen | VP Esports | Profile | |
| Jesper Sogaard | CoFounder CEO | Profile | |
| Christina Thomsen | Head Sustainability | Profile |