BCM Resources Correlations

BCMRF Stock

USD 0.04 0.01 41.20%

The current 90-days correlation between BCM Resources and Liontown Resources Limited is 0.04 (i.e., Significant diversification). The correlation of BCM Resources 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.

BCM Resources Correlation With Market

Significant diversification

The correlation between BCM Resources and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BCM Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BCM Pink Sheet

0.68

MRK

Merck Company Fiscal Year End 6th of February 2025

Pair Corr

Moving against BCM Pink Sheet

0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.67	AAUKF	Anglo American plc	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.59	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.59	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.58	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.55	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.5	BHPLF	BHP Group Limited	Pair Corr
0.47	WMT	Walmart Aggressive Push	Pair Corr
0.44	BAC	Bank of America Aggressive Push	Pair Corr
0.39	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.38	BHP	BHP Group Limited	Pair Corr
0.37	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.35	RTNTF	Rio Tinto Group	Pair Corr
0.33	RIO	Rio Tinto ADR	Pair Corr
0.32	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	LINRF	T	MRK	DIS	CAT	PG	JPM
LINRF		0.33	-0.56	0.27	0.6	-0.52	0.37	LINRF
T	0.33		-0.79	0.81	0.65	0.03	0.64	T
MRK	-0.56	-0.79		-0.77	-0.64	0.35	-0.83	MRK
DIS	0.27	0.81	-0.77		0.58	0.2	0.86	DIS
CAT	0.6	0.65	-0.64	0.58		-0.31	0.52	CAT
PG	-0.52	0.03	0.35	0.2	-0.31		-0.03	PG
JPM	0.37	0.64	-0.83	0.86	0.52	-0.03		JPM
	LINRF	T	MRK	DIS	CAT	PG	JPM

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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

JPM	+ 0.86	DIS
DIS	+ 0.81	T
CAT	+ 0.65	T
JPM	+ 0.64	T
CAT	+ 0.6	LINRF
CAT	+ 0.58	DIS

High negative correlations

JPM	- 0.83	MRK
MRK	- 0.79	T
DIS	- 0.77	MRK
CAT	- 0.64	MRK
MRK	- 0.56	LINRF
PG	- 0.52	LINRF

Risk-Adjusted Indicators

There is a big difference between BCM Pink Sheet performing well and BCM Resources 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 BCM Resources' 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
LINRF	3.52	0.11	(0.01)	(0.09)	4.66	(5.10)	11.11	(7.55)	26.28
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
MRK	0.91	(0.24)	0.00	(0.86)	0.00	0.00	2.00	(2.13)	4.89
DIS	0.97	0.34	0.28	0.73	0.48	(1.12)	2.34	(1.34)	7.57
CAT	1.32	0.01	0.07	0.13	1.35	(1.37)	3.36	(2.13)	12.38
PG	0.72	0.10	(0.04)	(1.05)	0.77	(0.77)	1.74	(1.26)	4.66
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in BCM Resources 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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