BM European Correlations

BMRPF Stock

USD 4.00 0.07 1.78%

The current 90-days correlation between BM European Value and Ollies Bargain Outlet is 0.07 (i.e., Significant diversification). The correlation of BM European 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.

BM European Correlation With Market

Average diversification

The correlation between BM European Value and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BM European Value and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BMRPF Pink Sheet

0.62	DLMAF	Dollarama	Pair Corr
0.71	ORGN	Origin Materials	Pair Corr

Moving against BMRPF Pink Sheet

0.69	WMT	Walmart Aggressive Push	Pair Corr
0.61	BJ	BJs Wholesale Club	Pair Corr
0.57	RR	Richtech Robotics Class	Pair Corr
0.52	DLTR	Dollar Tree	Pair Corr
0.41	DQJCY	Pan Pacific International	Pair Corr
0.4	COST	Costco Wholesale Corp	Pair Corr
0.84	GEO	Geo Group	Pair Corr
0.77	LUNR	Intuitive Machines	Pair Corr
0.71	NAK	Northern Dynasty Minerals	Pair Corr
0.66	OCC	Optical Cable	Pair Corr
0.63	LFT	Lument Finance Trust	Pair Corr
0.57	CAMT	Camtek	Pair Corr
0.55	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.48	LZ	LegalZoom	Pair Corr
0.44	MAR	Marriott International	Pair Corr
0.77	STRH	Star8 Corp	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.67	SKX	Skechers USA	Pair Corr
0.5	MBOT	Microbot Medical	Pair Corr
0.49	GFAI	Guardforce AI	Pair Corr
0.45	TGGI	Trans Global Grp	Pair Corr

Related Correlations Analysis

	WMMVF	OLLI	DG	BMRPF	PSMT	DLTR	BJ	WMT	TGT
WMMVF		0.24	0.19	0.14	0.22	0.01	0.07	0.11	0.11	WMMVF
OLLI	0.24		-0.36	-0.42	0.66	0.73	0.65	0.76	-0.43	OLLI
DG	0.19	-0.36		0.77	0.12	-0.29	-0.34	-0.41	0.28	DG
BMRPF	0.14	-0.42	0.77		0.04	-0.52	-0.61	-0.69	0.47	BMRPF
PSMT	0.22	0.66	0.12	0.04		0.45	0.45	0.52	-0.34	PSMT
DLTR	0.01	0.73	-0.29	-0.52	0.45		0.59	0.79	-0.5	DLTR
BJ	0.07	0.65	-0.34	-0.61	0.45	0.59		0.9	-0.6	BJ
WMT	0.11	0.76	-0.41	-0.69	0.52	0.79	0.9		-0.64	WMT
TGT	0.11	-0.43	0.28	0.47	-0.34	-0.5	-0.6	-0.64		TGT
	WMMVF	OLLI	DG	BMRPF	PSMT	DLTR	BJ	WMT	TGT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WMT	+ 0.9	BJ
WMT	+ 0.79	DLTR
BMRPF	+ 0.77	DG
WMT	+ 0.76	OLLI
DLTR	+ 0.73	OLLI
PSMT	+ 0.66	OLLI

High negative correlations

WMT	- 0.69	BMRPF
TGT	- 0.64	WMT
BJ	- 0.61	BMRPF
TGT	- 0.6	BJ
DLTR	- 0.52	BMRPF
TGT	- 0.5	DLTR

Risk-Adjusted Indicators

There is a big difference between BMRPF Pink Sheet performing well and BM European 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 BM European'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
WMMVF	2.12	(0.12)	0.00	(0.22)	0.00	0.00	3.92	(4.03)	12.63
OLLI	1.97	0.33	0.12	2.25	2.09	(2.19)	6.31	(3.44)	19.26
DG	1.47	(0.16)	0.00	3.23	0.00	0.00	2.21	(3.12)	7.24
BMRPF	3.11	(0.38)	0.00	(0.65)	0.00	0.00	5.90	(6.44)	19.69
PSMT	1.20	(0.03)	(0.03)	(0.01)	2.16	(1.05)	2.85	(2.92)	10.34
DLTR	1.86	0.17	0.05	5.26	2.01	(2.22)	4.43	(3.35)	9.69
BJ	1.33	0.22	0.13	0.61	1.11	(1.59)	3.06	(2.36)	11.71
WMT	0.84	0.24	0.18	0.91	0.81	(0.94)	2.32	(1.58)	5.05
TGT	1.55	(0.06)	0.00	0.26	0.00	0.00	2.91	(2.01)	24.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in BM European 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 USA ETFs Now

USA ETFs

Find actively traded Exchange Traded Funds (ETF) in USA

All Next

Launch Module

BM European Corporate Management

Jonny Armstrong	Head Relations	Profile
Alejandro Russo	CEO Director	Profile
Tony Dobbs	Managing Foods	Profile
Anthony Giron	Managing France	Profile
Cedric Mahieu	Chief France	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC