BAIC Correlations

BMCLF Stock

USD 0.25 0.00 0.00%

The correlation of BAIC 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.

BAIC Correlation With Market

Good diversification

The correlation between BAIC Motor and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BAIC Motor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BAIC Pink Sheet

0.67	BYDDY	BYD Co	Pair Corr
0.68	BYDDF	BYD Limited	Pair Corr

Moving against BAIC Pink Sheet

0.9	DGWPF	Drgerwerk AG	Pair Corr
0.59	TOYOF	Toyota Motor Corp	Pair Corr
0.55	MBGAF	Mercedes Benz Group	Pair Corr
0.55	MBGYY	Mercedes Benz Group	Pair Corr
0.5	VWAPY	Volkswagen AG Pref	Pair Corr
0.4	VWAGY	Volkswagen AG 110	Pair Corr
0.36	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.35	TM	Toyota Motor	Pair Corr
0.33	TMSNY	Temenos Group AG	Pair Corr
0.78	CTOWY	China TowerLimited	Pair Corr
0.72	MGCV	MGC Ventures	Pair Corr
0.7	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.67	FHELF	First Helium	Pair Corr
0.63	FTV	Fortive Corp	Pair Corr
0.6	BROS	Dutch Bros	Pair Corr
0.56	PLTK	Playtika Holding Corp	Pair Corr
0.47	ARVN	Arvinas	Pair Corr
0.47	LCDX	Caliber Imaging Diag	Pair Corr
0.43	NAUFF	NevGold Corp	Pair Corr
0.42	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.41	SYF	Synchrony Financial	Pair Corr
0.4	MEOAF	Melbana Energy	Pair Corr
0.4	SMXWW	SMX Public Limited	Pair Corr
0.34	LUMN	Lumen Technologies	Pair Corr
0.33	EDRVY	EDP Renovveis SA	Pair Corr
0.31	NMRD	Nemaura Medical	Pair Corr

Related Correlations Analysis

	MBUMF	WACLY	NPSKF	ARBFF	HINOF	HINOY	XTEPY	MRPZF	BCAUF	DTCGF
MBUMF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MBUMF
WACLY	0.0		0.0	0.0	0.52	-0.71	0.26	0.0	-0.3	0.4	WACLY
NPSKF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NPSKF
ARBFF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ARBFF
HINOF	0.0	0.52	0.0	0.0		-0.79	0.63	0.0	0.02	0.61	HINOF
HINOY	0.0	-0.71	0.0	0.0	-0.79		-0.47	0.0	0.4	-0.58	HINOY
XTEPY	0.0	0.26	0.0	0.0	0.63	-0.47		0.0	0.14	0.59	XTEPY
MRPZF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MRPZF
BCAUF	0.0	-0.3	0.0	0.0	0.02	0.4	0.14	0.0		0.06	BCAUF
DTCGF	0.0	0.4	0.0	0.0	0.61	-0.58	0.59	0.0	0.06		DTCGF
	MBUMF	WACLY	NPSKF	ARBFF	HINOF	HINOY	XTEPY	MRPZF	BCAUF	DTCGF

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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

XTEPY	+ 0.63	HINOF
DTCGF	+ 0.61	HINOF
DTCGF	+ 0.59	XTEPY
HINOF	+ 0.52	WACLY
DTCGF	+ 0.4	WACLY
BCAUF	+ 0.4	HINOY

High negative correlations

HINOY	- 0.79	HINOF
HINOY	- 0.71	WACLY
DTCGF	- 0.58	HINOY
XTEPY	- 0.47	HINOY
BCAUF	- 0.3	WACLY
DTCGF	- 0.0	MRPZF

Risk-Adjusted Indicators

There is a big difference between BAIC Pink Sheet performing well and BAIC 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 BAIC'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
MBUMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WACLY	0.29	(0.03)	0.00	1.41	0.00	0.00	0.44	0.00	8.44
NPSKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARBFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HINOF	0.22	(0.10)	0.00	0.42	0.00	0.00	0.00	0.00	7.48
HINOY	0.69	0.33	0.00	2.73	0.00	0.00	0.00	0.00	16.59
XTEPY	1.04	(0.09)	0.00	0.59	0.00	0.00	4.18	(3.48)	17.04
MRPZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCAUF	10.77	1.20	0.06	(19.78)	17.21	(10.76)	32.50	(21.95)	100.07
DTCGF	0.59	(0.31)	0.00	2.15	0.00	0.00	0.00	(2.68)	9.17

Be your own money manager

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