BAIC Correlations
| BMCLF Stock | USD 0.25 0.02 8.70% |
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
Excellent diversification
The correlation between BAIC Motor and DJI is -0.57 (i.e., Excellent 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.
BAIC |
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 against BAIC Pink Sheet
| 0.69 | WMT | Walmart Common Stock | PairCorr |
| 0.69 | ACN | Accenture plc | PairCorr |
| 0.67 | SAR | Saratoga Investment Corp | PairCorr |
| 0.64 | TOYOF | Toyota Motor Corp Earnings Call This Week | PairCorr |
| 0.61 | TM | Toyota Motor Earnings Call This Week | PairCorr |
| 0.45 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.31 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.68 | AA | Alcoa Corp | PairCorr |
| 0.64 | INTC | Intel | PairCorr |
| 0.58 | JNJ | Johnson Johnson | PairCorr |
| 0.57 | CAT | Caterpillar | PairCorr |
| 0.49 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
| 0.49 | CVX | Chevron Corp Earnings Call Today | PairCorr |
| 0.42 | DD | Dupont De Nemours Sell-off Trend | PairCorr |
| 0.36 | GE | GE Aerospace | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
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 | |||
| WACLY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NPSKF | 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 | |||
| HINOF | 0.23 | (0.11) | 0.00 | 0.31 | 0.00 | 0.00 | 7.48 | |||
| HINOY | 0.74 | 0.38 | 0.00 | (2.95) | 0.00 | 0.00 | 16.59 | |||
| XTEPY | 0.54 | (0.07) | 0.00 | (1.28) | 0.00 | 0.00 | 9.55 | |||
| MRPZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCAUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTCGF | 0.44 | (0.24) | 0.00 | 25.62 | 0.00 | 0.00 | 7.22 |
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.Did you try this?
Run Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |