BASF SE Correlations

BASA Stock

EUR 11.30 0.40 3.42%

The current 90-days correlation between BASF SE and WillScot Mobile Mini is -0.1 (i.e., Good 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 0.61 (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

0.77	BAS	BASF SE	Pair Corr
0.77	BAS	BASF SE	Pair Corr
0.68	2OY	Dow Inc Earnings Call Today	Pair Corr
0.66	QYM	Sociedad Qumica y	Pair Corr

Moving against BASF Stock

0.52	DBPD	Xtrackers ShortDAX	Pair Corr
0.51	AIL	Air Liquide SA	Pair Corr
0.47	AILA	AIR LIQUIDE ADR	Pair Corr

Related Correlations Analysis

	IC1H	FCW3	UCE	CZH	0XHR	IC1B	WS11
IC1H		-0.64	-0.4	0.14	0.77	0.89	-0.13	IC1H
FCW3	-0.64		0.52	-0.04	-0.72	-0.65	0.24	FCW3
UCE	-0.4	0.52		0.09	-0.46	-0.4	0.73	UCE
CZH	0.14	-0.04	0.09		0.46	0.14	0.38	CZH
0XHR	0.77	-0.72	-0.46	0.46		0.8	-0.06	0XHR
IC1B	0.89	-0.65	-0.4	0.14	0.8		-0.1	IC1B
WS11	-0.13	0.24	0.73	0.38	-0.06	-0.1		WS11
	IC1H	FCW3	UCE	CZH	0XHR	IC1B	WS11

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

IC1B	+ 0.89	IC1H
IC1B	+ 0.8	0XHR
0XHR	+ 0.77	IC1H
WS11	+ 0.73	UCE
UCE	+ 0.52	FCW3
0XHR	+ 0.46	CZH

High negative correlations

0XHR	- 0.72	FCW3
IC1B	- 0.65	FCW3
FCW3	- 0.64	IC1H
0XHR	- 0.46	UCE
IC1B	- 0.4	UCE
UCE	- 0.4	IC1H

Risk-Adjusted Indicators

There is a big difference between BASF Stock performing well and BASF SE 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 BASF SE'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
IC1H	1.19	0.09	0.03	0.30	1.12	(1.76)	2.68	(1.87)	7.28
FCW3	1.63	(0.12)	0.00	0.55	0.00	0.00	3.64	(2.79)	17.79
UCE	2.02	(0.22)	0.00	(0.17)	0.00	0.00	4.55	(4.92)	14.69
CZH	1.87	(0.04)	(0.03)	0.01	2.01	(2.39)	4.73	(3.43)	9.73
0XHR	1.49	0.18	0.05	1.56	1.69	(2.03)	3.48	(3.15)	9.38
IC1B	1.31	0.18	0.06	(0.98)	1.29	(1.73)	3.36	(2.54)	7.92
WS11	2.67	(0.04)	0.00	0.23	0.00	0.00	7.11	(4.65)	15.87

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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