Balfour Beatty Correlations
| BBY Stock | 453.60 5.20 1.16% |
The current 90-days correlation between Balfour Beatty plc and Chocoladefabriken Lindt Spruengli is -0.04 (i.e., Good 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
Significant diversification
The correlation between Balfour Beatty plc and DJI is 0.02 (i.e., Significant 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 together with Balfour Stock
| 0.62 | SBID | State Bank | PairCorr |
| 0.64 | 0I9F | Digital Realty Trust | PairCorr |
| 0.63 | 0HOY | Boston Scientific Corp | PairCorr |
| 0.85 | GAW | Games Workshop Group | PairCorr |
| 0.66 | 0R1O | Amazon Inc | PairCorr |
| 0.64 | DEC | Diversified Energy | PairCorr |
| 0.78 | EZJ | EasyJet PLC | PairCorr |
| 0.71 | III | 3I Group PLC | PairCorr |
| 0.7 | SGE | Sage Group PLC | PairCorr |
| 0.71 | RR | Rolls Royce Holdings | PairCorr |
| 0.68 | WISE | Wise plc | PairCorr |
| 0.61 | GST | GSTechnologies | PairCorr |
| 0.73 | 0JSC | Bath Body Works | PairCorr |
| 0.69 | 0R3C | American Express | PairCorr |
| 0.68 | HSBA | HSBC Holdings PLC | PairCorr |
| 0.62 | SSON | Smithson Investment Trust | PairCorr |
Moving against Balfour Stock
| 0.63 | SMSN | Samsung Electronics | PairCorr |
| 0.61 | SMSD | Samsung Electronics | PairCorr |
| 0.55 | RIGD | Reliance Industries | PairCorr |
| 0.52 | HYUD | Hyundai Motor | PairCorr |
| 0.43 | RIO | Rio Tinto PLC | 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 Stock 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0R37 | 0.59 | (0.01) | (0.05) | (0.03) | 0.70 | 1.24 | 5.54 | |||
| HYUD | 1.85 | (0.29) | 0.00 | (2.61) | 0.00 | 3.67 | 11.89 | |||
| SMSD | 1.69 | (0.37) | 0.00 | 2.23 | 0.00 | 3.81 | 10.50 | |||
| SMSN | 1.74 | (0.34) | 0.00 | (6.56) | 0.00 | 3.19 | 13.39 | |||
| 0QKN | 0.69 | (0.14) | 0.00 | (126.37) | 0.00 | 1.22 | 3.63 | |||
| 0M69 | 5.32 | 1.09 | 0.00 | (0.44) | 0.00 | 0.46 | 107.82 | |||
| HSBK | 1.01 | 0.17 | 0.10 | 1.80 | 1.02 | 2.39 | 8.48 | |||
| 0R15 | 2.24 | 0.30 | 0.09 | (0.38) | 2.61 | 5.13 | 13.83 | |||
| 0QFP | 3.41 | 0.92 | 0.00 | (2.72) | 0.00 | 0.00 | 166.83 | |||
| 0RUK | 0.66 | 0.02 | 0.00 | 0.14 | 0.00 | 0.00 | 21.03 |
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
Elected by the shareholders, the Balfour Beatty's board of directors comprises two types of representatives: Balfour Beatty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Balfour. The board's role is to monitor Balfour Beatty's management team and ensure that shareholders' interests are well served. Balfour Beatty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Balfour Beatty's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marla Storm | VP Officer | Profile | |
| Kellie Ajjanas | Senior Resources | Profile | |
| Mark Johnnie | Chief Officer | Profile | |
| Jon Ozanne | Chief Officer | Profile | |
| Neil Patterson | Regional Bus | Profile |