Booz Allen Correlations

BAH Stock

USD 149.88 5.69 3.95%

The current 90-days correlation between Booz Allen Hamilton and TransUnion is 0.11 (i.e., Average diversification). The correlation of Booz Allen 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.

Booz Allen Correlation With Market

Average diversification

The correlation between Booz Allen Hamilton and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Booz Allen Hamilton and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Booz Allen Hamilton. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Booz Stock

0.61	MI	NFT Limited	Pair Corr
0.68	DQ	Daqo New Energy	Pair Corr
0.66	DT	Dynatrace Holdings LLC	Pair Corr

Moving against Booz Stock

0.56	XTIA	XTI Aerospace, Symbol Change	Pair Corr
0.53	WKEY	Wisekey International	Pair Corr
0.41	NTRP	NextTrip Symbol Change	Pair Corr
0.35	MFH	Mercurity Fintech Holding	Pair Corr

Related Correlations Analysis

	HURN	CRAI	FORR	EXPO	RGP	TRU	EFX	FCN	ICFI	VRSK
HURN		0.6	-0.21	-0.44	-0.25	0.06	-0.64	-0.67	-0.2	0.86	HURN
CRAI	0.6		-0.73	-0.21	-0.77	0.58	-0.78	-0.54	0.14	0.46	CRAI
FORR	-0.21	-0.73		0.27	0.95	-0.51	0.73	0.51	-0.16	-0.13	FORR
EXPO	-0.44	-0.21	0.27		0.2	0.53	0.6	0.84	0.45	-0.51	EXPO
RGP	-0.25	-0.77	0.95	0.2		-0.55	0.76	0.47	-0.06	-0.22	RGP
TRU	0.06	0.58	-0.51	0.53	-0.55		-0.17	0.15	0.58	-0.19	TRU
EFX	-0.64	-0.78	0.73	0.6	0.76	-0.17		0.8	0.36	-0.57	EFX
FCN	-0.67	-0.54	0.51	0.84	0.47	0.15	0.8		0.34	-0.64	FCN
ICFI	-0.2	0.14	-0.16	0.45	-0.06	0.58	0.36	0.34		-0.35	ICFI
VRSK	0.86	0.46	-0.13	-0.51	-0.22	-0.19	-0.57	-0.64	-0.35		VRSK
	HURN	CRAI	FORR	EXPO	RGP	TRU	EFX	FCN	ICFI	VRSK

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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

RGP	+ 0.95	FORR
VRSK	+ 0.86	HURN
FCN	+ 0.84	EXPO
FCN	+ 0.8	EFX
EFX	+ 0.76	RGP
EFX	+ 0.73	FORR

High negative correlations

EFX	- 0.78	CRAI
RGP	- 0.77	CRAI
FORR	- 0.73	CRAI
FCN	- 0.67	HURN
VRSK	- 0.64	FCN
EFX	- 0.64	HURN

Risk-Adjusted Indicators

There is a big difference between Booz Stock performing well and Booz Allen 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 Booz Allen'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
HURN	1.21	0.11	0.11	0.17	0.99	(1.54)	2.72	(1.60)	14.16
CRAI	1.48	0.16	0.09	0.18	1.98	(1.44)	2.71	(3.40)	12.45
FORR	1.83	(0.22)	0.00	(0.05)	0.00	0.00	3.66	(3.77)	10.89
EXPO	1.30	(0.27)	0.00	(0.06)	0.00	0.00	1.98	(2.52)	11.88
RGP	1.53	(0.38)	0.00	(0.12)	0.00	0.00	2.47	(2.94)	14.89
TRU	1.24	(0.04)	(0.01)	0.05	1.79	(1.11)	2.47	(2.86)	8.10
EFX	1.01	(0.32)	0.00	(0.51)	0.00	0.00	1.93	(2.73)	8.33
FCN	0.96	(0.23)	0.00	(0.23)	0.00	0.00	1.47	(2.06)	14.08
ICFI	1.24	(0.31)	0.00	(0.22)	0.00	0.00	2.26	(2.09)	16.28
VRSK	0.64	0.08	0.00	2.18	0.85	(0.68)	1.66	(1.35)	6.41

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