BASF SE Correlations

BAS Stock

EUR 44.85 1.26 2.73%

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

Modest diversification

The correlation between BASF SE and DJI is 0.28 (i.e., Modest 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

0.99	BAS	BASF SE	Pair Corr
0.72	BASA	BASF SE	Pair Corr
0.67	2OY	Dow Inc	Pair Corr
0.71	QYM	Sociedad Qumica y	Pair Corr
0.67	HEH	Power Assets Holdings	Pair Corr
0.72	GAP	Gap	Pair Corr
0.62	WI1	Winnebago Industries	Pair Corr
0.67	7NX	NEXON	Pair Corr
0.74	1AC	PennyMac Financial	Pair Corr
0.62	IFX	Infineon Technologies	Pair Corr
0.68	6F1	Five Below	Pair Corr

Moving against BASF Stock

0.57	AILA	AIR LIQUIDE ADR	Pair Corr
0.55	AIL	Air Liquide SA	Pair Corr
0.59	VRQ	VERGNET Split	Pair Corr
0.7	EVK	Evonik Industries	Pair Corr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

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.

HansUlrich Engel	Chief CFO	Profile
Saori Dubourg	Member Directors	Profile
Stefanie Wettberg	VP Relations	Profile
Melanie MaasBrunner	CTO Directors	Profile
Martin Brudermuller	Chairman CEO	Profile
Stefan Beckmann	VP Officer	Profile
Wolfgang Haas	G Counsel	Profile

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