Bentley Systems Correlations

BSY
 Stock
  

USD 40.50  0.66  1.60%   

The correlation of Bentley Systems 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 Bentley Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bentley Systems Incorporated 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 Bentley Systems 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 Systems 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 Systems - 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 Systems Incorporated to buy it.

Moving together with Bentley Systems

0.67CDKCDK Global Fiscal Year End 16th of August 2022 PairCorr
0.78DVDoubleverify HoldingsPairCorr
0.82MGICMagic Software EntprPairCorr
0.73IDNIntellicheck MobilisiaPairCorr

Moving against Bentley Systems

0.59EBEventbritePairCorr
0.52MIXTMix TelematicsPairCorr

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   
HPQCAT
JNJT
JNJPFE
HDFTFT
TPFE
HPQFTFT
  
High negative correlations   
CATBEKE
PGBEKE
BEKEFTFT
HPQBEKE
HDBEKE
HDT

Bentley Systems Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Bentley Systems stock performing well and Bentley Systems 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 Bentley Systems' 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
FTFT 4.40  0.09  0.02  0.13  5.10  0.0183 (5.75)  10.42 (7.84)  29.73 
BEKE 4.03  0.49  0.12  0.45  3.85  0.1 (4.81)  7.93 (6.24)  26.70 
PG 1.24 (0.12)  0.00 (0.13)  0.00 (0.08)  0.00  2.29 (2.67)  9.21 
CAT 1.79 (0.13)  0.00 (0.05)  0.00 (0.048)  0.00  3.82 (4.35)  11.37 
PFE 1.28 (0.02) (0.02)  0.02  1.74 (0.0193) (1.20)  2.93 (3.17)  7.74 
T 1.11 (0.13)  0.00 (0.15)  0.00 (0.09)  0.00  2.00 (2.45)  10.60 
HD 1.29  0.04  0.02  0.08  1.86  0.0199 (1.31)  2.39 (2.82)  7.62 
JNJ 0.82 (0.11)  0.00 (0.19)  0.00 (0.12)  0.00  1.75 (2.01)  5.07 
HPQ 2.03 (0.16)  0.00 (0.05)  0.00 (0.05)  0.00  4.22 (4.31)  12.62 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bentley Systems without increasing your portfolio risk or giving up 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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Bentley Systems Corporate Executives

Elected by the shareholders, the Bentley Systems' board of directors comprises two types of representatives: Bentley Systems 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 Systems' management team and ensure that shareholders' interests are well served. Bentley Systems' 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 Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
Klaus Wendlandt - Member of the Management Board, CFOProfile

Invested in Bentley Systems Incorporated?

You need to understand the risk of investing before taking a position in Bentley Systems. The danger of trading Bentley Systems Incorporated 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 Systems 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 Systems. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bentley Systems Inco 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. Note that the Bentley Systems Inco information on this page should be used as a complementary analysis to other Bentley Systems' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Bentley Stock analysis

When running Bentley Systems Inco price analysis, check to measure Bentley Systems' 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 Systems is operating at the current time. Most of Bentley Systems' value examination focuses on studying past and present price action to predict the probability of Bentley Systems' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bentley Systems' price. Additionally, you may evaluate how the addition of Bentley Systems to your portfolios can decrease your overall portfolio volatility.
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Is Bentley Systems' 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 Systems. 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 Systems 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 YOY
0.21
Market Capitalization
11.8 B
Quarterly Revenue Growth YOY
0.2
Return On Assets
0.0323
Return On Equity
0.21
The market value of Bentley Systems Inco 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 Systems' value that differs from its market value or its book value, called intrinsic value, which is Bentley Systems' 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 Systems' market value can be influenced by many factors that don't directly affect Bentley Systems' 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 Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine Bentley Systems value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bentley Systems' 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.