Bill Correlations

Stocks . USA . 
Stock . Bill Com Holdings
BILL Stock  USD 99.99  1.72  1.75%   
The correlation of Bill is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bill Com Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios.
  
The ability to find closely correlated positions to Bill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bill 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 Bill - 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 Bill Com Holdings to buy it.

Moving together with Bill Stock

+0.88DTDynatrace Holdings LLC Fiscal Quarter End 30th of June 2023 PairCorr

Moving against Bill Stock

-0.52VERBVERB TECHNOLOGY COMPANY Fiscal Quarter End 30th of June 2023 PairCorr
-0.51PDPagerduty Earnings Call This WeekPairCorr
-0.45BLBlackline Fiscal Quarter End 30th of June 2023 PairCorr
-0.44WKWorkiva Fiscal Quarter End 30th of June 2023 PairCorr
-0.43KCKingsoft Cloud Holdi Fiscal Quarter End 30th of June 2023 PairCorr
-0.56EVBGEverbridge Fiscal Quarter End 30th of June 2023 PairCorr
-0.5AYXAlteryx Fiscal Quarter End 30th of June 2023 PairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
UPBD
+ 0.77
VENG
CVNA
+ 0.72
UPBD
UPBD
+ 0.71
ROIV
AMD
+ 0.63
GME
VENG
+ 0.56
ROIV
CVNA
+ 0.53
AMD
  
High negative correlations   
VENG
- 0.62
ZM
ROIV
- 0.52
ZM
HCNWF
- 0.44
ZM
FTXP
- 0.43
VENG
FTXP
- 0.38
AMD
UPBD
- 0.38
ZM

Risk-Adjusted Indicators

Nowadays, there is a big difference between Bill Stock performing well and Bill company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Bill's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
ZM 1.81 (0.10)  0.00 (0.15)  0.00 (0.042)  0.00  3.67 (4.31)  12.05 
ROIV 2.73  0.30  0.08  0.37  3.71  0.08 (2.76)  4.58 (5.96)  24.59 
GME 2.87  0.36  0.12  0.60  2.96  0.07 (3.11)  5.53 (5.11)  40.65 
VENG 21.98  9.27  0.55  0.43  11.70  0.11 (33.75)  23.65 (22.34)  660.46 
UPBD 1.73  0.31  0.16  0.28  1.80  0.13 (2.17)  5.13 (3.06)  13.40 
AMD 2.25  0.77  0.32  1.32  1.92  0.26 (2.61)  6.11 (2.32)  16.94 
FTXP 10.34  1.32  0.04  1.07  12.33  0.07 (50.00)  50.00 (33.33)  83.33 
CVNA 6.38  0.72  0.08  0.18  7.41  0.07 (6.94)  12.16 (10.53)  38.32 
HCNWF 11.50  2.45  0.19  1.93  9.94  0.13 (21.25)  45.45 (18.80)  112.62 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bill 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?

Run Odds Of Bankruptcy Now

   

Odds Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years
All  Next Launch Module

Bill Corporate Management

Elected by the shareholders, the Bill's board of directors comprises two types of representatives: Bill inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bill. The board's role is to monitor Bill's management team and ensure that shareholders' interests are well served. Bill'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, Bill's outside directors are responsible for providing unbiased perspectives on the board's policies.
Steven PiakerIndependent DirectorProfile
Brian JacobsIndependent DirectorProfile
Michael DeAngeloChief OfficerProfile
Thomas ClaytonChief Revenue OfficeProfile
Vinay PaiChief OfficerProfile
David ChaoIndependent DirectorProfile

Already Invested in Bill Com Holdings?

The danger of trading Bill Com Holdings is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bill is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bill. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bill Com Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for Bill Stock analysis

When running Bill's price analysis, check to measure Bill's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bill is operating at the current time. Most of Bill's value examination focuses on studying past and present price action to predict the probability of Bill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bill's price. Additionally, you may evaluate how the addition of Bill to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Is Bill's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bill. If investors know Bill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bill listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.89) 
Revenue Per Share
9.126
Quarterly Revenue Growth
0.633
Return On Assets
(0.0225) 
Return On Equity
(0.07) 
The market value of Bill Com Holdings is measured differently than its book value, which is the value of Bill that is recorded on the company's balance sheet. Investors also form their own opinion of Bill's value that differs from its market value or its book value, called intrinsic value, which is Bill's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bill's market value can be influenced by many factors that don't directly affect Bill's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
Please note, there is a significant difference between Bill's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out Trending Equities to better understand how to build diversified portfolios.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2023 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY