Badger Meter Correlations
| 33B Stock | EUR 135.10 0.50 0.37% |
The current 90-days correlation between Badger Meter and Westshore Terminals Investment is -0.17 (i.e., Good diversification). The correlation of Badger Meter 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Badger Meter Correlation With Market
Very good diversification
The correlation between Badger Meter and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Badger Meter and DJI in the same portfolio, assuming nothing else is changed.
Badger |
The ability to find closely correlated positions to Badger Meter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Badger Meter 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 Badger Meter - 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 Badger Meter to buy it.
Moving against Badger Stock
| 0.63 | S92 | SMA Solar Technology | PairCorr |
| 0.48 | CLH | CARDINAL HEALTH Earnings Call This Week | PairCorr |
| 0.44 | PTI | Perusahaan Perseroan | PairCorr |
| 0.4 | OSR | OSRAM LICHT N | PairCorr |
| 0.38 | YEC0 | YASKAWA ELEC UNSP | PairCorr |
| 0.37 | UNK | United Bankshares | PairCorr |
| 0.33 | 1ZB | Bloom Energy Earnings Call This Week | PairCorr |
| 0.32 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.78 | MMG | Mitsui Mining Smelting | PairCorr |
| 0.7 | 19MA | MIE HOLDINGS | PairCorr |
| 0.67 | TOW | Tower Semiconductor | PairCorr |
| 0.67 | HNM | ORMAT TECHNOLOGIES | PairCorr |
| 0.65 | PA2 | PAN AMER SILVER | PairCorr |
| 0.63 | D7Q1 | MONUMENT MINING | PairCorr |
| 0.46 | VBO | CGN Mining | PairCorr |
| 0.46 | UGI | Sugi Holdings CoLtd | PairCorr |
| 0.45 | RPL | UPM Kymmene Oyj Earnings Call This Week | PairCorr |
| 0.44 | CHH | CK Infrastructure | PairCorr |
| 0.44 | 13N1 | Dexterra Group | PairCorr |
| 0.43 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.37 | 169 | Aeroporto Guglielmo | PairCorr |
| 0.33 | 1YO | YANGTZE OPTICAL FIBRE | PairCorr |
| 0.32 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together 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
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Risk-Adjusted Indicators
There is a big difference between Badger Stock performing well and Badger Meter 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 Badger Meter'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8N4 | 1.59 | 0.04 | 0.00 | 0.19 | 1.78 | 3.12 | 10.55 | |||
| 3I7 | 0.79 | 0.19 | 0.10 | 0.68 | 0.87 | 1.91 | 4.43 | |||
| CUG | 2.34 | 0.02 | 0.00 | 0.09 | 2.96 | 4.35 | 17.42 | |||
| BOQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNL | 1.03 | (0.35) | 0.00 | (1.77) | 0.00 | 1.87 | 8.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Badger Meter 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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