Balfour Beatty Correlations
| BAFBF Stock | USD 5.85 0.62 11.85% |
The current 90-days correlation between Balfour Beatty plc and iQIYI Inc is 0.01 (i.e., Significant diversification). The correlation of Balfour Beatty 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.
Balfour Beatty Correlation With Market
Good diversification
The correlation between Balfour Beatty plc and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balfour Beatty plc and DJI in the same portfolio, assuming nothing else is changed.
Balfour |
The ability to find closely correlated positions to Balfour Beatty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Balfour Beatty 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 Balfour Beatty - 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 Balfour Beatty plc to buy it.
Moving against Balfour Pink Sheet
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| 0.55 | FUND | Sprott Focus Trust | PairCorr |
| 0.54 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.52 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.51 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.5 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.5 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.49 | FIX | Comfort Systems USA | PairCorr |
| 0.49 | MTLS | Materialise NV | PairCorr |
| 0.45 | CRWD | Crowdstrike Holdings Tech Boost | PairCorr |
| 0.42 | PWR | Quanta Services | PairCorr |
| 0.4 | OPRA | Opera | PairCorr |
| 0.36 | KTB | Kontoor Brands | PairCorr |
| 0.79 | KULR | KULR Technology Group Buyout Trend | PairCorr |
| 0.73 | KOPN | Kopin Buyout Trend | PairCorr |
| 0.72 | BBAI | BigBearai Holdings Buyout Trend | PairCorr |
| 0.69 | APLD | Applied Blockchain | PairCorr |
| 0.67 | RUM | Rumble Inc | PairCorr |
| 0.66 | WDC | Western Digital | PairCorr |
| 0.65 | ET | Energy Transfer LP | PairCorr |
| 0.63 | SOUN | SoundHound AI Trending | PairCorr |
| 0.55 | BFLY | Butterfly Network | PairCorr |
| 0.55 | CRS | Carpenter Technology | PairCorr |
| 0.54 | LUNR | Intuitive Machines Buyout Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Balfour Pink Sheet performing well and Balfour Beatty 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 Balfour Beatty'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRWOF | 1.41 | 0.12 | 0.00 | 0.17 | 0.00 | 0.00 | 59.52 | |||
| SKBSY | 1.16 | 0.09 | 0.03 | 0.34 | 1.15 | 2.62 | 7.75 | |||
| KOSS | 2.53 | (0.09) | (0.03) | 0.01 | 2.84 | 5.93 | 16.61 | |||
| IQ | 3.79 | 0.25 | 0.05 | 0.49 | 3.61 | 9.80 | 22.86 | |||
| SOUN | 5.60 | 2.01 | 0.46 | 1.10 | 3.67 | 18.19 | 39.21 | |||
| AVTE | 2.38 | 0.43 | 0.17 | 0.62 | 1.99 | 5.58 | 19.11 | |||
| FUND | 0.58 | 0.01 | (0.02) | 0.11 | 0.58 | 1.20 | 4.59 | |||
| INMD | 2.01 | (0.05) | 0.02 | 0.07 | 2.85 | 3.95 | 14.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Balfour Beatty 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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Balfour Beatty Corporate Management
| Neil Patterson | Regional Bus | Profile | |
| Lord Weir | Honorary Pres | Profile | |
| Marla Storm | VP Officer | Profile | |
| John Tarpey | Chief Devel | Profile | |
| Chris Johnson | Chief Officer | Profile | |
| Stephen Tarr | Transport, Officer | Profile |