Beeio Honey Correlations

BHNY Stock

203.10 12.30 6.45%

The current 90-days correlation between Beeio Honey and Teuza A Fairchild is 0.03 (i.e., Significant diversification). The correlation of Beeio Honey 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.

Beeio Honey Correlation With Market

Modest diversification

The correlation between Beeio Honey and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beeio Honey and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Beeio Stock

0.71	HMAM	Hamama	Pair Corr
0.87	WILK	Wilk Technologies	Pair Corr
0.8	CNZN	Canzon Israel	Pair Corr
0.86	FNTS	Fantasy Network	Pair Corr

Moving against Beeio Stock

0.93	AVIV	Mordechai Aviv Taasiot	Pair Corr
0.91	MRIN	YD More Investments	Pair Corr
0.88	DSCT	Israel Discount Bank	Pair Corr
0.87	ELTR	Electra	Pair Corr
0.87	MTAV	MEITAV INVESTMENTS HOUSE	Pair Corr
0.87	SKBN	Shikun Binui	Pair Corr
0.86	NTO	Neto ME Holdings	Pair Corr
0.85	HARL	Harel Insurance Inve	Pair Corr
0.85	MGDL	Migdal Insurance	Pair Corr
0.84	SHGR	Shagrir Group Vehicle	Pair Corr
0.83	RAVD	Ravad Earnings Call This Week	Pair Corr
0.83	RANI	Rani Zim Shopping	Pair Corr
0.83	MTRD	Meitav Trade Inv	Pair Corr
0.82	DLEA	Delek Automotive Systems	Pair Corr
0.81	IES	IES Holdings	Pair Corr
0.78	ESLT	Elbit Systems	Pair Corr
0.77	PCBT	PCB Tec	Pair Corr
0.76	SMNIN	Shemen Industries	Pair Corr
0.74	HRON	Hiron Trade Investments	Pair Corr
0.64	DLMT	Accel Solutions Group	Pair Corr
0.64	ACCL	Accel Solutions Group	Pair Corr
0.53	MPRS	MediPress Health Lim	Pair Corr
0.44	ARAN	Aran Research	Pair Corr
0.43	BYAR	B Yair Building	Pair Corr
0.93	INRM	Inrom Construction	Pair Corr
0.89	MORE-S8	More Mutual Funds	Pair Corr
0.86	TRX	Terminal X Online	Pair Corr
0.86	AMOT	Amot Investments	Pair Corr
0.86	FTAL	Fattal 1998 Holdings	Pair Corr
0.86	GLPL	Golan Plastic	Pair Corr
0.85	ALRPR	Alrov Properties Lodgings	Pair Corr
0.85	NAWI	Nawi Brothers Group	Pair Corr
0.85	ELCO	Elco	Pair Corr

Related Correlations Analysis

	TUZA	ABRA	RMON	BLND	ORBI	WESR
TUZA		0.4	-0.12	0.18	-0.21	-0.17	TUZA
ABRA	0.4		0.46	-0.41	0.43	0.46	ABRA
RMON	-0.12	0.46		-0.87	0.9	0.95	RMON
BLND	0.18	-0.41	-0.87		-0.73	-0.86	BLND
ORBI	-0.21	0.43	0.9	-0.73		0.94	ORBI
WESR	-0.17	0.46	0.95	-0.86	0.94		WESR
	TUZA	ABRA	RMON	BLND	ORBI	WESR

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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

WESR	+ 0.95	RMON
WESR	+ 0.94	ORBI
ORBI	+ 0.9	RMON
RMON	+ 0.46	ABRA
WESR	+ 0.46	ABRA
ORBI	+ 0.43	ABRA

High negative correlations

BLND	- 0.87	RMON
WESR	- 0.86	BLND
ORBI	- 0.73	BLND
BLND	- 0.41	ABRA
ORBI	- 0.21	TUZA
WESR	- 0.17	TUZA

Risk-Adjusted Indicators

There is a big difference between Beeio Stock performing well and Beeio Honey 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 Beeio Honey'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
TUZA	2.91	0.08	0.01	0.99	4.46	(3.09)	6.52	(6.78)	19.58
ABRA	1.33	0.19	0.09	0.46	1.59	(1.62)	3.02	(2.23)	15.52
RMON	1.61	0.49	0.27	(1.66)	1.18	(2.15)	4.07	(2.29)	16.50
BLND	2.23	(0.03)	0.00	0.10	0.00	0.00	6.32	(6.15)	22.27
ORBI	1.34	0.54	0.41	2.29	0.69	(1.69)	4.25	(1.92)	7.37
WESR	2.09	0.96	0.44	0.89	1.40	(2.61)	6.51	(2.43)	15.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beeio Honey 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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