Bill Holdings Correlations


USD 127.45  3.14  2.53%   

The correlation of Bill Holdings 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 Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bill 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.
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The ability to find closely correlated positions to Bill Holdings 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 Holdings 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 Holdings - 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 Holdings to buy it.

Related Correlations

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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   
High negative correlations   

Bill Holdings Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Bill Holdings Stock performing well and Bill Holdings 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 Holdings' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
TWTR 1.04  0.35  0.46  0.11  1.11  0.37 (1.01)  1.58 (1.80)  8.45 
MSFT 1.20 (0.01)  0.00 (0.60)  0.00 (0.08)  0.00  1.91 (3.86)  7.80 
UBER 2.23  0.44  0.00 (0.28)  0.00  0.06  0.00  3.95 (3.63)  11.73 
F 1.98 (0.50)  0.00 (0.98)  0.00 (0.21)  0.00  1.57 (5.15)  14.99 
T 0.98 (0.22)  0.00 (0.89)  0.00 (0.05)  0.00  1.55 (2.33)  5.22 
A 1.41  0.26  0.00 (0.38)  0.00  0.06  0.00  1.80 (4.51)  7.39 
CRM 1.86  0.04  0.00 (0.56)  0.00 (0.08)  0.00  2.36 (4.55)  8.17 
JPM 1.28  0.18  0.00 (0.43)  0.00  0.07  0.00  1.90 (3.27)  5.80 
MRK 1.07  0.13  0.00 (0.37)  0.00  0.27  0.00  2.10 (1.87)  4.36 
XOM 1.49 (0.33)  0.00 (1.07)  0.00 (0.08)  0.00  2.30 (3.81)  7.78 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bill Holdings 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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Bill Holdings Corporate Management

Elected by the shareholders, the Bill Holdings' board of directors comprises two types of representatives: Bill Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bill Holdings. The board's role is to monitor Bill Holdings' management team and ensure that shareholders' interests are well served. Bill Holdings' 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 Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Steven Piaker - Independent DirectorProfile
Brian Jacobs - Independent DirectorProfile
Allison Mnookin - Independent DirectorProfile
Thomas Clayton - Chief Revenue OfficeProfile
David Chao - Independent DirectorProfile

Invested in Bill Holdings?

The danger of trading Bill 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 Holdings 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 Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bill 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.
Continue to Trending Equities. You can also try Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running Bill Holdings price analysis, check to measure Bill Holdings' 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 Holdings is operating at the current time. Most of Bill Holdings' value examination focuses on studying past and present price action to predict the probability of Bill Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bill Holdings' price. Additionally, you may evaluate how the addition of Bill Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Bill Holdings' 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 Holdings. If investors know Bill Holdings 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 Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Bill Holdings is measured differently than its book value, which is the value of Bill Holdings that is recorded on the company's balance sheet. Investors also form their own opinion of Bill Holdings' value that differs from its market value or its book value, called intrinsic value, which is Bill Holdings' 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 Holdings' market value can be influenced by many factors that don't directly affect Bill Holdings' 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 Bill Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Bill Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bill Holdings' 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.