Betterware Correlations

BWMX Stock

USD 11.47 0.28 2.38%

The current 90-days correlation between Betterware de Mxico, and ODP Corp is 0.14 (i.e., Average diversification). The correlation of Betterware 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Betterware Correlation With Market

Weak diversification

The correlation between Betterware de Mxico, and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Betterware de Mxico, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Betterware de Mxico,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Betterware Stock

0.68	PME	Pingtan Marine Enterprise	Pair Corr
0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Betterware Stock

0.7	HLT	Hilton Worldwide Holdings	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.57	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.55	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.54	AIBBU	AIB Acquisition Corp	Pair Corr
0.54	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.54	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.49	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.48	HD	Home Depot	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.48	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.44	MACAU	Moringa Acquisition Corp	Pair Corr
0.44	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.34	PPYA	Papaya Growth Opportunity	Pair Corr

Related Correlations Analysis

	ODP	SBH	WINA	IMBI	FLWS	EYE	LESL	SPWH	CASY
ODP		-0.36	-0.69	0.45	0.13	-0.65	0.2	0.72	-0.62	ODP
SBH	-0.36		0.31	-0.01	-0.07	0.45	0.01	-0.26	0.1	SBH
WINA	-0.69	0.31		-0.75	0.33	0.8	-0.22	-0.71	0.88	WINA
IMBI	0.45	-0.01	-0.75		-0.15	-0.51	0.42	0.67	-0.82	IMBI
FLWS	0.13	-0.07	0.33	-0.15		0.25	0.08	0.04	0.26	FLWS
EYE	-0.65	0.45	0.8	-0.51	0.25		-0.14	-0.53	0.65	EYE
LESL	0.2	0.01	-0.22	0.42	0.08	-0.14		0.17	-0.3	LESL
SPWH	0.72	-0.26	-0.71	0.67	0.04	-0.53	0.17		-0.77	SPWH
CASY	-0.62	0.1	0.88	-0.82	0.26	0.65	-0.3	-0.77		CASY
	ODP	SBH	WINA	IMBI	FLWS	EYE	LESL	SPWH	CASY

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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

CASY	+ 0.88	WINA
EYE	+ 0.8	WINA
SPWH	+ 0.72	ODP
SPWH	+ 0.67	IMBI
CASY	+ 0.65	EYE
IMBI	+ 0.45	ODP

High negative correlations

CASY	- 0.82	IMBI
CASY	- 0.77	SPWH
IMBI	- 0.75	WINA
SPWH	- 0.71	WINA
WINA	- 0.69	ODP
EYE	- 0.65	ODP

Risk-Adjusted Indicators

There is a big difference between Betterware Stock performing well and Betterware 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 Betterware'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
ODP	1.75	0.01	(0.02)	0.24	2.82	(1.78)	3.46	(3.94)	15.70
SBH	1.91	(0.10)	(0.03)	0.02	2.08	(2.36)	4.86	(3.10)	16.90
WINA	1.61	0.13	0.09	0.18	1.69	(1.72)	3.21	(3.38)	8.68
IMBI	10.04	(2.82)	0.00	(1.51)	0.00	0.00	18.75	(27.54)	110.53
FLWS	1.80	(0.06)	0.00	0.05	2.07	(2.22)	5.03	(3.52)	13.16
EYE	1.96	0.16	0.06	0.36	1.86	(2.38)	4.90	(2.54)	10.41
LESL	4.05	(0.17)	0.00	(0.15)	0.00	0.00	10.03	(7.26)	41.35
SPWH	4.17	0.04	0.00	0.14	4.39	(4.85)	10.57	(6.85)	25.49
CASY	1.05	0.10	0.06	0.24	0.98	(1.28)	2.74	(1.93)	6.06

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