BASF SE Correlations

Stocks . Germany . 
Stock . BASF SE
BAS Stock  EUR 48.70  0.52  1.08%   
The current 90-days correlation between BASF SE and Fortescue Metals Group is 0.17 (i.e., Average diversification). The correlation of BASF SE 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.

BASF SE Correlation With Market

Poor diversification

The correlation between BASF SE and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BASF SE and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BASF SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BASF SE 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 BASF SE - 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 BASF SE to buy it.

Moving together with BASF Stock

  0.824I1 Philip Morris InternPairCorr
  0.65AMG Amgen IncPairCorr
  0.64FPMB FREEPORT MCMORANPairCorr
  0.75XMF STOMO MITSUI FINLPairCorr
  0.77SCL Schlumberger LimitedPairCorr
  0.72UUEC United UtilitiesPairCorr
  0.68NEF NESTE OILPairCorr
  0.63GJ9 SLC Agricola SA SplitPairCorr
  0.77ARW Arrow ElectronicsPairCorr
  0.84GZF Engie SAPairCorr
  0.736HS Horseshoe MetalsPairCorr
  0.82WDC WESTERN DIGITALPairCorr
  0.61EUX EUWAX AktiengesellschaftPairCorr
  0.69QIA QIAGEN NV SplitPairCorr
  0.68AM8 AMAG Austria MetallPairCorr
  0.73XSI Sanyo Chemical IndustriesPairCorr
  0.69GCB PTT Global Chemical Earnings Call This WeekPairCorr
  0.67IHF Safestore Holdings plcPairCorr
  0.63TUI1 TUI AGPairCorr

Moving against BASF Stock

  0.74ABL Abbott LaboratoriesPairCorr
  0.44BYRA BANK RAKYAT IND Earnings Call TomorrowPairCorr
  0.31HK2C Hong Kong ExchangesPairCorr
  0.64BZG2 BANK CENTRAL ASIAPairCorr
  0.64BZG2 PT Bank CentralPairCorr
  0.47BDD CONICO LTD SplitPairCorr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in BASF SE 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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BASF SE Corporate Management

Elected by the shareholders, the BASF SE's board of directors comprises two types of representatives: BASF SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BASF. The board's role is to monitor BASF SE's management team and ensure that shareholders' interests are well served. BASF SE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BASF SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Saori DubourgMember DirectorsProfile
Martin BrudermullerChairman CEOProfile
ChristianMatthias JutziSenior FinanceProfile
Michael HeinzMember DirectorsProfile
Detlef KratzPresidentProfile
HansUlrich EngelChief CFOProfile
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