Bollinger Innovations Correlations

BINI Stock

0.09 0.01 12.50%

The current 90-days correlation between Bollinger Innovations and Xpeng Inc is -0.02 (i.e., Good diversification). The correlation of Bollinger Innovations 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.

Bollinger Innovations Correlation With Market

Excellent diversification

The correlation between Bollinger Innovations and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bollinger Innovations and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bollinger Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bollinger Innovations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

For more detail on how to invest in Bollinger Stock please use our How to Invest in Bollinger Innovations guide.

Moving against Bollinger Stock

0.71	TOYOF	Toyota Motor Corp	Pair Corr
0.7	TM	Toyota Motor	Pair Corr
0.56	VLKPF	Volkswagen AG VZO	Pair Corr
0.54	VWAPY	Volkswagen AG Pref	Pair Corr
0.5	VWAGY	Volkswagen AG 110	Pair Corr
0.44	VLKAF	Volkswagen AG	Pair Corr
0.34	PTAIY	Astra International Tbk	Pair Corr
0.33	MBGAF	Mercedes Benz Group	Pair Corr
0.33	MBGYY	Mercedes Benz Group	Pair Corr
0.71	BCEPF	BCE Inc	Pair Corr
0.67	DAL	Delta Air Lines	Pair Corr
0.61	THXPF	Thor Explorations	Pair Corr
0.56	OLN	Olin	Pair Corr
0.54	LYTS	LSI Industries	Pair Corr
0.53	CYD	China Yuchai Interna Earnings Call Next Week	Pair Corr
0.52	MTNOF	MTN Group Limited	Pair Corr
0.51	ANF	Abercrombie Fitch	Pair Corr
0.5	CELH	Celsius Holdings	Pair Corr
0.43	PPERY	Bank Mandiri Persero	Pair Corr
0.4	EC	Ecopetrol SA ADR	Pair Corr
0.36	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.35	NTZ	Natuzzi SpA	Pair Corr
0.33	SURYY	Sumitomo Realty Deve	Pair Corr
0.74	CMG	Chipotle Mexican Grill	Pair Corr
0.55	ABOS	Acumen Pharmaceuticals	Pair Corr
0.46	68389XAE5	ORACLE P 65	Pair Corr
0.45	MNXXF	Manganese X Energy	Pair Corr
0.44	SKYX	SKYX Platforms Corp	Pair Corr
0.43	LINE	Lineage Common Stock Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	BBIG	HYMC	IMPP	LCID	NRDE	XELA	XPEV
BBIG		0.54	-0.07	-0.3	0.55	0.07	-0.25	BBIG
HYMC	0.54		-0.74	-0.71	0.44	-0.1	-0.5	HYMC
IMPP	-0.07	-0.74		0.76	-0.17	0.09	0.7	IMPP
LCID	-0.3	-0.71	0.76		-0.29	-0.02	0.76	LCID
NRDE	0.55	0.44	-0.17	-0.29		0.32	-0.22	NRDE
XELA	0.07	-0.1	0.09	-0.02	0.32		-0.04	XELA
XPEV	-0.25	-0.5	0.7	0.76	-0.22	-0.04		XPEV
	BBIG	HYMC	IMPP	LCID	NRDE	XELA	XPEV

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

LCID	+ 0.76	IMPP
XPEV	+ 0.76	LCID
XPEV	+ 0.7	IMPP
NRDE	+ 0.55	BBIG
HYMC	+ 0.54	BBIG
NRDE	+ 0.44	HYMC

High negative correlations

IMPP	- 0.74	HYMC
LCID	- 0.71	HYMC
XPEV	- 0.5	HYMC
LCID	- 0.3	BBIG
NRDE	- 0.29	LCID
XPEV	- 0.25	BBIG

Risk-Adjusted Indicators

There is a big difference between Bollinger Stock performing well and Bollinger Innovations 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 Bollinger Innovations' 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
BBIG	54.82	23.90	0.42	(3.84)	26.70	(128.45)	328.57	(75.00)	583.33
HYMC	6.99	2.62	0.34	16.59	5.62	(7.73)	19.48	(11.53)	67.66
IMPP	2.84	(0.70)	0.00	2.27	0.00	0.00	4.45	(6.94)	33.83
LCID	3.76	(0.87)	0.00	(0.19)	0.00	0.00	5.28	(7.97)	26.07
NRDE	3.57	0.15	0.02	0.64	4.59	(4.38)	9.56	(8.72)	21.88
XELA	282.67	161.55	2.18	4.34	53.26	(519.29)	1,320	(92.96)	2,047
XPEV	2.70	(0.68)	0.00	(0.54)	0.00	0.00	4.98	(6.41)	16.73

Bollinger Innovations Corporate Management

Walter Collins	Chief Officer	Profile
Sandra Boyer	Vice Resources	Profile
Jillian Green	Vice Affairs	Profile
Jonathan CPA	Chief Officer	Profile

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