Bentley SystemsInc Correlations
| BSY Stock | USD 53.20 0.74 1.41% |
The correlation of Bentley SystemsInc 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 Bentley SystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bentley SystemsInc 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.
Very weak diversification
The correlation between Bentley SystemsInc and NYA is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bentley SystemsInc and NYA in the same portfolio, assuming nothing else is changed.
Bentley |
The ability to find closely correlated positions to Bentley SystemsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bentley SystemsInc 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 Bentley SystemsInc - 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 Bentley SystemsInc to buy it.
Moving against Bentley Stock
| 0.44 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between Bentley Stock performing well and Bentley SystemsInc 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 Bentley SystemsInc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AI | 3.01 | (0.38) | 0.00 | (0.05) | 0.00 | 7.84 | 32.77 | |||
| SHOP | 1.98 | (0.35) | 0.00 | (0.08) | 0.00 | 4.43 | 21.49 | |||
| SNOW | 2.16 | (0.47) | 0.00 | (0.20) | 0.00 | 4.17 | 27.55 | |||
| NOW | 1.33 | (0.11) | 0.00 | (0.02) | 0.00 | 2.84 | 8.90 |
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Our tools can tell you how much better you can do entering a position in Bentley SystemsInc 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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Bentley SystemsInc Corporate Management
Elected by the shareholders, the Bentley SystemsInc's board of directors comprises two types of representatives: Bentley SystemsInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bentley. The board's role is to monitor Bentley SystemsInc's management team and ensure that shareholders' interests are well served. Bentley SystemsInc'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, Bentley SystemsInc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thomas Trimback | Chief Officer | Profile | |
| Nicholas Cumins | Chief Officer | Profile | |
| David Hollister | Chief Officer | Profile | |
| John Riddle | Senior Global | Profile | |
| Barry Bentley | CoFounder Director | Profile |
Already Invested in Bentley SystemsInc?
The danger of trading Bentley SystemsInc 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 Bentley SystemsInc 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 Bentley SystemsInc. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bentley SystemsInc 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 Bentley SystemsInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bentley SystemsInc's 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 Bentley Systemsinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bentley Systemsinc Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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When running Bentley SystemsInc's price analysis, check to measure Bentley SystemsInc'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 Bentley SystemsInc is operating at the current time. Most of Bentley SystemsInc's value examination focuses on studying past and present price action to predict the probability of Bentley SystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bentley SystemsInc's price. Additionally, you may evaluate how the addition of Bentley SystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Bentley SystemsInc'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 Bentley SystemsInc. If investors know Bentley 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 Bentley SystemsInc 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 5.545 | Dividend Share 0.2 | Earnings Share 1 | Revenue Per Share 3.933 | Quarterly Revenue Growth 0.083 |
The market value of Bentley SystemsInc is measured differently than its book value, which is the value of Bentley that is recorded on the company's balance sheet. Investors also form their own opinion of Bentley SystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Bentley SystemsInc'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 Bentley SystemsInc's market value can be influenced by many factors that don't directly affect Bentley SystemsInc's 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 Bentley SystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bentley SystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bentley SystemsInc'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.