Brait SE Correlations

BAT Stock

201.00 8.00 3.83%

The current 90-days correlation between Brait SE and Ascendis Health is 0.31 (i.e., Weak diversification). The correlation of Brait SE 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.

Brait SE Correlation With Market

Average diversification

The correlation between Brait SE and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brait SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brait Stock

0.87	AIL	African Rainbow Capital	Pair Corr
0.87	SBP	Sabvest Capital	Pair Corr
0.61	PRX	Prosus NV	Pair Corr

Moving against Brait Stock

0.82	LTE	Lighthouse Capital	Pair Corr
0.81	REN	Renergen	Pair Corr
0.8	NRP	NEPI Rockcastle PLC	Pair Corr
0.62	ZED	Zeder Investments	Pair Corr
0.57	UPL	Universal Partners	Pair Corr
0.49	ARA	Astoria Investments	Pair Corr

Related Correlations Analysis

	HAR	SBPP	CAA	ASC	HIL	ARL	BTI
HAR		0.23	-0.01	0.03	0.35	-0.13	-0.62	HAR
SBPP	0.23		0.73	0.02	0.37	-0.16	-0.25	SBPP
CAA	-0.01	0.73		0.12	-0.08	-0.24	0.06	CAA
ASC	0.03	0.02	0.12		-0.35	0.32	0.3	ASC
HIL	0.35	0.37	-0.08	-0.35		-0.39	-0.74	HIL
ARL	-0.13	-0.16	-0.24	0.32	-0.39		0.31	ARL
BTI	-0.62	-0.25	0.06	0.3	-0.74	0.31		BTI
	HAR	SBPP	CAA	ASC	HIL	ARL	BTI

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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

CAA	+ 0.73	SBPP
HIL	+ 0.37	SBPP
HIL	+ 0.35	HAR
ARL	+ 0.32	ASC
BTI	+ 0.31	ARL
BTI	+ 0.3	ASC

High negative correlations

BTI	- 0.74	HIL
BTI	- 0.62	HAR
ARL	- 0.39	HIL
HIL	- 0.35	ASC
BTI	- 0.25	SBPP
ARL	- 0.24	CAA

Risk-Adjusted Indicators

There is a big difference between Brait Stock performing well and Brait SE 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 Brait SE'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
HAR	2.52	(0.15)	0.00	(4.33)	0.00	0.00	4.64	(5.24)	16.06
SBPP	0.78	0.16	0.00	(0.43)	0.98	(0.89)	1.78	(1.33)	8.37
CAA	1.58	0.21	0.03	(1.49)	1.81	(1.88)	3.45	(3.33)	9.07
ASC	1.66	0.07	(0.01)	0.63	2.00	(2.97)	5.71	(4.11)	11.38
HIL	1.45	(0.07)	0.00	(0.38)	0.00	0.00	5.60	(5.33)	24.87
ARL	0.88	0.11	0.00	0.94	0.67	(1.09)	2.72	(1.46)	6.95
BTI	0.85	0.11	(0.03)	(0.59)	1.19	(0.85)	1.63	(1.88)	5.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brait SE 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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