Bm Technologies Correlations
BMTX Stock | USD 1.51 0.02 1.31% |
The correlation of Bm Technologies 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bm Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bm Technologies 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.
Average diversification
The correlation between Bm Technologies and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bm Technologies and NYA in the same portfolio, assuming nothing else is changed.
BMTX |
The ability to find closely correlated positions to Bm Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bm Technologies 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 Bm Technologies - 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 Bm Technologies to buy it.
Moving together with BMTX Stock
0.87 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
0.87 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
0.72 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
0.8 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
0.72 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
0.69 | QH | QuhuoLtd | PairCorr |
0.91 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
0.67 | DMAN | Innovativ Media Group | PairCorr |
0.7 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
Moving against BMTX Stock
0.8 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
0.57 | DJCO | Daily Journal Corp | PairCorr |
0.55 | KC | Kingsoft Cloud Holdi Financial Report 28th of May 2024 | PairCorr |
0.43 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
0.84 | DIDIY | Didi Global ADR | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between BMTX Stock performing well and Bm Technologies 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 Bm Technologies' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AI | 3.09 | (0.49) | 0.00 | (0.11) | 0.00 | 7.84 | 32.77 | |||
SHOP | 1.97 | (0.32) | 0.00 | (0.11) | 0.00 | 4.43 | 21.49 | |||
SNOW | 2.18 | (0.43) | 0.00 | (0.21) | 0.00 | 4.17 | 27.55 | |||
NOW | 1.26 | (0.01) | 0.00 | 0.04 | 2.08 | 2.84 | 8.90 |
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Our tools can tell you how much better you can do entering a position in Bm Technologies 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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Bm Technologies Corporate Management
Elected by the shareholders, the Bm Technologies' board of directors comprises two types of representatives: Bm Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BMTX. The board's role is to monitor Bm Technologies' management team and ensure that shareholders' interests are well served. Bm Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bm Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Hans Fleming | Senior Vice President Director of Business Development | Profile | |
Warren Taylor | Chief Cofounder | Profile | |
Andrew Crawford | Chief Commercial Officer | Profile | |
James Donahue | CTO Officer | Profile | |
Mike Gill | Independent Director | Profile |
Already Invested in Bm Technologies?
The danger of trading Bm Technologies 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 Bm Technologies 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 Bm Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bm Technologies 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.
When determining whether Bm Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bm Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bm Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bm Technologies Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bm Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy BMTX Stock please use our How to Invest in Bm Technologies guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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When running Bm Technologies' price analysis, check to measure Bm Technologies' 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 Bm Technologies is operating at the current time. Most of Bm Technologies' value examination focuses on studying past and present price action to predict the probability of Bm Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bm Technologies' price. Additionally, you may evaluate how the addition of Bm Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Bm Technologies' 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 Bm Technologies. If investors know BMTX 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 Bm Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 17.475 | Earnings Share (1.50) | Revenue Per Share 4.774 | Quarterly Revenue Growth (0.10) | Return On Assets (0.19) |
The market value of Bm Technologies is measured differently than its book value, which is the value of BMTX that is recorded on the company's balance sheet. Investors also form their own opinion of Bm Technologies' value that differs from its market value or its book value, called intrinsic value, which is Bm Technologies' 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 Bm Technologies' market value can be influenced by many factors that don't directly affect Bm Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bm Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bm Technologies' 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.