Barratt Developments Correlations

BTDPF Stock

USD 6.47 0.00 0.00%

The current 90-days correlation between Barratt Developments plc and Barratt Developments PLC is 0.07 (i.e., Significant diversification). The correlation of Barratt Developments 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.

Barratt Developments Correlation With Market

Average diversification

The correlation between Barratt Developments plc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barratt Developments plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Barratt Pink Sheet

0.8	DHI	DR Horton	Pair Corr
0.78	PHM	PulteGroup Earnings Call Today	Pair Corr
0.76	NVR	NVR Inc Earnings Call Tomorrow	Pair Corr
0.79	TOL	Toll Brothers	Pair Corr
0.64	YMDAF	Yamada Holdings	Pair Corr
0.61	SNPHF	Santen Pharmaceutical	Pair Corr
0.74	SGIOF	Shionogi Earnings Call This Week	Pair Corr
0.72	BKKPF	Bangkok Bank Public	Pair Corr
0.67	ARE	Alexandria Real Estate	Pair Corr
0.83	SUMCF	Sumco Tech Boost	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.73	SMCI	Super Micro Computer Aggressive Push	Pair Corr
0.82	FLUT	Flutter Entertainment plc	Pair Corr
0.77	SCCO	Southern Copper	Pair Corr
0.72	MS	Morgan Stanley	Pair Corr
0.62	SCHW	Charles Schwab Corp Normal Trading	Pair Corr
0.73	TORO	Toro	Pair Corr
0.64	SAIH	SAIHEAT Limited Symbol Change	Pair Corr

Moving against Barratt Pink Sheet

0.48	DSKYF	Daiichi Sankyo	Pair Corr
0.46	SKHSF	Sekisui House	Pair Corr
0.37	SKHSY	Sekisui House	Pair Corr
0.32	SZKMF	Suzuki Motor	Pair Corr

Related Correlations Analysis

	BTDPY	CNRFF	CYRBY	TWODF	BMRPF	KGFHF	JSNSF	KKOYY
BTDPY		-0.29	-0.25	0.45	0.33	0.22	-0.06	-0.05	BTDPY
CNRFF	-0.29		-0.11	-0.46	0.4	-0.09	-0.16	-0.38	CNRFF
CYRBY	-0.25	-0.11		0.29	-0.19	0.33	0.4	0.46	CYRBY
TWODF	0.45	-0.46	0.29		-0.21	0.4	0.66	0.55	TWODF
BMRPF	0.33	0.4	-0.19	-0.21		0.24	-0.3	-0.39	BMRPF
KGFHF	0.22	-0.09	0.33	0.4	0.24		0.62	0.37	KGFHF
JSNSF	-0.06	-0.16	0.4	0.66	-0.3	0.62		0.66	JSNSF
KKOYY	-0.05	-0.38	0.46	0.55	-0.39	0.37	0.66		KKOYY
	BTDPY	CNRFF	CYRBY	TWODF	BMRPF	KGFHF	JSNSF	KKOYY

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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

JSNSF	+ 0.66	TWODF
KKOYY	+ 0.66	JSNSF
JSNSF	+ 0.62	KGFHF
KKOYY	+ 0.55	TWODF
KKOYY	+ 0.46	CYRBY
TWODF	+ 0.45	BTDPY

High negative correlations

TWODF	- 0.46	CNRFF
KKOYY	- 0.39	BMRPF
KKOYY	- 0.38	CNRFF
JSNSF	- 0.3	BMRPF
CNRFF	- 0.29	BTDPY
CYRBY	- 0.25	BTDPY

Risk-Adjusted Indicators

There is a big difference between Barratt Pink Sheet performing well and Barratt Developments 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 Barratt Developments' 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
BTDPY	1.48	(0.19)	0.00	(0.20)	0.00	0.00	2.60	(3.21)	15.56
CNRFF	67.95	(31.37)	0.00	1.27	0.00	0.00	0.00	0.00	1,156
CYRBY	2.47	0.33	0.07	1.58	2.66	(3.39)	5.05	(5.31)	17.78
TWODF	1.45	0.16	0.02	0.51	1.60	(4.58)	3.75	(4.08)	26.61
BMRPF	2.81	(0.12)	0.00	(1.36)	0.00	0.00	6.22	(6.08)	21.95
KGFHF	2.42	0.35	0.05	0.63	2.87	(6.57)	9.02	(5.64)	34.25
JSNSF	3.59	0.85	0.12	(18.84)	2.85	(9.90)	13.16	(8.05)	39.93
KKOYY	0.93	0.08	(0.03)	1.44	1.28	(0.87)	1.68	(1.79)	6.14

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Our tools can tell you how much better you can do entering a position in Barratt Developments 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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Barratt Developments Corporate Management

Nicholas Richardson	Managing Devels	Profile
Nick Worrall	Group Director	Profile
Jenny Matthews	Interim Relations	Profile
Michael Scott	CFO Director	Profile
Michael Finn	Group Director	Profile

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