Boise Cascade Correlations

BC0 Stock

EUR 73.30 1.36 1.82%

The current 90-days correlation between Boise Cascade and Capital One Financial is 0.14 (i.e., Average diversification). The correlation of Boise Cascade 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.

Boise Cascade Correlation With Market

Very poor diversification

The correlation between Boise Cascade and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boise Cascade and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Boise Stock

0.82	6MK	Merck	Pair Corr
0.83	4I1	Philip Morris Intern	Pair Corr
0.75	TOTB	TotalEnergies SE	Pair Corr
0.82	HBC1	HSBC HLDG	Pair Corr
0.89	WMT	Walmart Earnings Call This Week	Pair Corr
0.89	WMT	Walmart Earnings Call This Week	Pair Corr
0.89	43C	CACTUS INC CLA	Pair Corr
0.82	1KT	Keysight Technologies	Pair Corr
0.81	485B	Amcor PLC Split	Pair Corr
0.73	FV6	EMMI N	Pair Corr
0.79	KGHA	KGHM Polska Miedz	Pair Corr
0.82	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.73	ALV	Allianz SE	Pair Corr
0.78	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.7	SJ3	Sherwin Williams	Pair Corr
0.8	TGE1	MOBILEZONE N	Pair Corr
0.86	TQI	TELECOM ITALIA	Pair Corr
0.71	L3X	Centrais Elétricas Split	Pair Corr
0.86	SII	Wheaton Precious Metals	Pair Corr
0.88	HKT	HK Electric Investments	Pair Corr
0.71	ADH2	Air Canada	Pair Corr

Moving against Boise Stock

0.7	ABL	Abbott Laboratories	Pair Corr
0.54	013A	JD Inc Adr	Pair Corr
0.47	013C	JD Inc	Pair Corr
0.38	AMZ	Amazon Inc	Pair Corr
0.37	AMZ	Amazon Inc	Pair Corr
0.36	HK2C	Hong Kong Exchanges	Pair Corr

Related Correlations Analysis

	ABL	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C	SEH	CFX
ABL		-0.14	-0.79	-0.17	-0.84	-0.45	-0.81	0.29	-0.6	0.2	ABL
AMD	-0.14		0.04	0.15	-0.06	-0.16	0.03	0.49	0.04	-0.25	AMD
4I1	-0.79	0.04		0.27	0.87	0.6	0.89	-0.1	0.78	-0.18	4I1
W8V	-0.17	0.15	0.27		0.29	0.38	0.12	0.42	0.07	-0.41	W8V
TOTB	-0.84	-0.06	0.87	0.29		0.72	0.77	-0.17	0.61	-0.34	TOTB
AMG	-0.45	-0.16	0.6	0.38	0.72		0.38	0.13	0.33	-0.5	AMG
HBC1	-0.81	0.03	0.89	0.12	0.77	0.38		-0.3	0.82	0.16	HBC1
HK2C	0.29	0.49	-0.1	0.42	-0.17	0.13	-0.3		-0.3	-0.45	HK2C
SEH	-0.6	0.04	0.78	0.07	0.61	0.33	0.82	-0.3		0.24	SEH
CFX	0.2	-0.25	-0.18	-0.41	-0.34	-0.5	0.16	-0.45	0.24		CFX
	ABL	AMD	4I1	W8V	TOTB	AMG	HBC1	HK2C	SEH	CFX

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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

HBC1	+ 0.89	4I1
TOTB	+ 0.87	4I1
SEH	+ 0.82	HBC1
SEH	+ 0.78	4I1
HBC1	+ 0.77	TOTB
AMG	+ 0.72	TOTB

High negative correlations

TOTB	- 0.84	ABL
HBC1	- 0.81	ABL
4I1	- 0.79	ABL
SEH	- 0.6	ABL
CFX	- 0.5	AMG
CFX	- 0.45	HK2C

Risk-Adjusted Indicators

There is a big difference between Boise Stock performing well and Boise Cascade 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 Boise Cascade'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
ABL	1.09	(0.19)	0.00	2.39	0.00	0.00	1.91	(2.11)	14.56
AMD	2.86	(0.19)	0.00	(0.15)	0.00	0.00	6.33	(5.57)	24.55
4I1	1.17	0.30	0.16	3.35	1.19	(1.31)	2.89	(2.55)	7.67
W8V	1.60	0.11	0.01	(0.27)	2.81	(3.21)	2.08	(2.04)	24.03
TOTB	0.96	0.30	0.20	(4.19)	0.86	(1.07)	2.23	(1.62)	5.97
AMG	1.46	0.20	0.09	0.55	1.57	(1.52)	3.98	(2.86)	10.70
HBC1	1.12	0.21	0.11	0.48	1.30	(1.30)	2.99	(2.05)	8.75
HK2C	0.51	(0.11)	0.00	(0.43)	0.00	0.00	1.49	(1.47)	5.73
SEH	1.86	0.27	0.11	0.50	2.08	(2.11)	3.96	(3.90)	10.05
CFX	1.91	(0.09)	0.00	(1.13)	0.00	0.00	3.43	(6.04)	12.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boise Cascade 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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Boise Cascade Corporate Management

Elected by the shareholders, the Boise Cascade's board of directors comprises two types of representatives: Boise Cascade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boise. The board's role is to monitor Boise Cascade's management team and ensure that shareholders' interests are well served. Boise Cascade'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, Boise Cascade's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jill JD	General VP	Profile
Troy Little	Executive Products	Profile
Angella Broesch	Vice Resources	Profile
Nathan Jorgensen	CEO Director	Profile
Chris Forrey	Vice Relations	Profile
Jeffrey Strom	Chief Officer	Profile

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