Bayerische Motoren Correlations

BAMXF Stock

USD 71.76 0.63 0.89%

The current 90-days correlation between Bayerische Motoren Werke and Honda Motor Co is 0.02 (i.e., Significant diversification). The correlation of Bayerische Motoren 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.

Bayerische Motoren Correlation With Market

Significant diversification

The correlation between Bayerische Motoren Werke and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayerische Motoren Werke and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bayerische Motoren could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bayerische Motoren 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 Bayerische Motoren - 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 Bayerische Motoren Werke to buy it.

Moving together with Bayerische Pink Sheet

0.69	TM	Toyota Motor	Pair Corr
0.69	TOYOF	Toyota Motor Corp	Pair Corr
0.94	VWAGY	Volkswagen AG 110	Pair Corr
0.94	MBGAF	Mercedes Benz Group	Pair Corr
0.94	MBGYY	Mercedes Benz Group	Pair Corr
0.87	VLKPF	Volkswagen AG VZO	Pair Corr
0.93	VWAPY	Volkswagen AG Pref	Pair Corr
0.93	VLKAF	Volkswagen AG	Pair Corr
0.66	PKX	POSCO Holdings	Pair Corr
0.73	HYMTF	Hyundai Motor	Pair Corr

Moving against Bayerische Pink Sheet

0.89	CTBB	Qwest Corp NT	Pair Corr
0.88	CTDD	Qwest Corp 6	Pair Corr
0.54	FINN	First National	Pair Corr
0.54	TKURF	Tokyu REIT	Pair Corr
0.44	BYDDY	BYD Co	Pair Corr
0.37	BYDDF	BYD Limited	Pair Corr
0.84	GVA	Granite Construction	Pair Corr
0.84	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.84	ADSK	Autodesk	Pair Corr
0.81	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.79	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.76	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.72	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.7	GM	General Motors Aggressive Push	Pair Corr
0.66	NVDA	NVIDIA	Pair Corr
0.66	DXYZ	Destiny Tech100	Pair Corr
0.65	DECK	Deckers Outdoor	Pair Corr
0.65	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.59	APLD	Applied Blockchain Trending	Pair Corr
0.56	SNOW	Snowflake Trending	Pair Corr
0.55	RCAT	Red Cat Holdings Trending	Pair Corr

Related Correlations Analysis

	HNDAF	VLKPF	VLKAF	BMWYY	MBGAF	MBGYY	NSANY	POAHY	VWAPY	BYMOF
HNDAF		0.77	0.63	0.67	0.65	0.65	-0.61	0.74	0.71	0.75	HNDAF
VLKPF	0.77		0.9	0.9	0.92	0.92	-0.81	0.91	0.94	0.85	VLKPF
VLKAF	0.63	0.9		0.91	0.92	0.91	-0.83	0.91	0.96	0.86	VLKAF
BMWYY	0.67	0.9	0.91		0.98	0.98	-0.8	0.86	0.95	0.78	BMWYY
MBGAF	0.65	0.92	0.92	0.98		1.0	-0.83	0.87	0.96	0.8	MBGAF
MBGYY	0.65	0.92	0.91	0.98	1.0		-0.83	0.87	0.95	0.79	MBGYY
NSANY	-0.61	-0.81	-0.83	-0.8	-0.83	-0.83		-0.82	-0.85	-0.84	NSANY
POAHY	0.74	0.91	0.91	0.86	0.87	0.87	-0.82		0.96	0.9	POAHY
VWAPY	0.71	0.94	0.96	0.95	0.96	0.95	-0.85	0.96		0.88	VWAPY
BYMOF	0.75	0.85	0.86	0.78	0.8	0.79	-0.84	0.9	0.88		BYMOF
	HNDAF	VLKPF	VLKAF	BMWYY	MBGAF	MBGYY	NSANY	POAHY	VWAPY	BYMOF

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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

MBGYY	+ 1.0	MBGAF
MBGAF	+ 0.98	BMWYY
MBGYY	+ 0.98	BMWYY
VWAPY	+ 0.96	VLKAF
VWAPY	+ 0.96	MBGAF
VWAPY	+ 0.96	POAHY

High negative correlations

VWAPY	- 0.85	NSANY
BYMOF	- 0.84	NSANY
NSANY	- 0.83	MBGYY
NSANY	- 0.83	MBGAF
NSANY	- 0.83	VLKAF
POAHY	- 0.82	NSANY

Risk-Adjusted Indicators

There is a big difference between Bayerische Pink Sheet performing well and Bayerische Motoren 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 Bayerische Motoren'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
HNDAF	2.16	(0.09)	0.00	(28.27)	0.00	0.00	6.00	(6.72)	21.51
VLKPF	2.09	(0.20)	0.00	0.72	0.00	0.00	4.17	(5.03)	13.45
VLKAF	1.64	(0.36)	0.00	1.31	0.00	0.00	2.70	(4.06)	10.79
BMWYY	1.51	(0.35)	0.00	1.12	0.00	0.00	2.86	(3.75)	12.90
MBGAF	1.30	(0.32)	0.00	1.12	0.00	0.00	1.71	(3.11)	11.65
MBGYY	1.33	(0.32)	0.00	1.07	0.00	0.00	1.87	(3.53)	12.33
NSANY	1.44	0.23	0.07	3.74	1.44	(1.72)	3.02	(2.48)	11.05
POAHY	1.31	(0.32)	0.00	1.64	0.00	0.00	2.22	(3.61)	10.40
VWAPY	1.23	(0.30)	0.00	0.86	0.00	0.00	2.73	(3.08)	8.76
BYMOF	0.62	(0.34)	0.00	(15.49)	0.00	0.00	0.00	0.00	13.40

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Our tools can tell you how much better you can do entering a position in Bayerische Motoren 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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Bayerische Motoren Corporate Management

Joachim Post	Purchasing Management	Profile
Andreas Liepe	G Counsel	Profile
Alexander Bilgeri	Production, HR	Profile
Frank Weber	Dev Management	Profile
Veronika Rosler	Head Relations	Profile
Pieter Nota	Member of the Management Board for Sales and Brand BMW, Aftersales BMW Group	Profile

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