Bayerische Motoren Correlations
| BMWYY Stock | USD 23.56 0.07 0.30% |
The current 90-days correlation between Bayerische Motoren Werke and Mercedes Benz Group AG is -0.3 (i.e., Very good diversification). The correlation of Bayerische Motoren 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Bayerische Motoren Correlation With Market
Good diversification
The correlation between Bayerische Motoren Werke and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayerische Motoren Werke and DJI in the same portfolio, assuming nothing else is changed.
Bayerische |
The ability to find closely correlated positions to Bayerische Motoren could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bayerische Motoren 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 Bayerische Motoren - 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 Bayerische Motoren Werke to buy it.
Moving together with Bayerische Pink Sheet
| 0.62 | TM | Toyota Motor | PairCorr |
| 0.63 | TOYOF | Toyota Motor Corp | PairCorr |
| 0.95 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.94 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.94 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.89 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.95 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.91 | VLKAF | Volkswagen AG | PairCorr |
| 0.66 | PKX | POSCO Holdings | PairCorr |
| 0.74 | HYMTF | Hyundai Motor | PairCorr |
Moving against Bayerische Pink Sheet
| 0.89 | CTBB | Qwest Corp NT | PairCorr |
| 0.88 | CTDD | Qwest Corp 6 Potential Growth | PairCorr |
| 0.54 | TKURF | Tokyu REIT | PairCorr |
| 0.51 | FINN | First National | PairCorr |
| 0.31 | BYDDY | BYD Co | PairCorr |
| 0.86 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.85 | GVA | Granite Construction | PairCorr |
| 0.85 | ADSK | Autodesk | PairCorr |
| 0.81 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.81 | ALAB | Astera Labs, Common | PairCorr |
| 0.78 | CRWD | Crowdstrike Holdings Earnings Call Today | PairCorr |
| 0.74 | ZM | Zoom Video Communications | PairCorr |
| 0.73 | GM | General Motors Aggressive Push | PairCorr |
| 0.73 | DXYZ | Destiny Tech100 | PairCorr |
| 0.71 | DECK | Deckers Outdoor | PairCorr |
| 0.65 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | NVDA | NVIDIA | PairCorr |
| 0.6 | SNOW | Snowflake Trending | PairCorr |
| 0.59 | APLD | Applied Blockchain Trending | PairCorr |
| 0.58 | RCAT | Red Cat Holdings Trending | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bayerische Pink Sheet performing well and Bayerische Motoren 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 Bayerische Motoren'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBGYY | 1.31 | (0.31) | 0.00 | 1.26 | 0.00 | 1.87 | 12.33 | |||
| POAHY | 1.31 | (0.32) | 0.00 | 1.68 | 0.00 | 2.22 | 10.40 | |||
| VWAGY | 1.42 | (0.35) | 0.00 | 1.03 | 0.00 | 2.70 | 8.96 | |||
| NSANY | 1.44 | 0.21 | 0.07 | 1.14 | 1.44 | 3.02 | 11.05 | |||
| MBGAF | 1.30 | (0.30) | 0.00 | 1.24 | 0.00 | 1.72 | 11.65 | |||
| VWAPY | 1.23 | (0.29) | 0.00 | 0.86 | 0.00 | 2.73 | 8.76 | |||
| VLKAF | 1.61 | (0.39) | 0.00 | 1.15 | 0.00 | 2.51 | 10.79 | |||
| POAHF | 1.93 | (0.26) | 0.00 | 0.53 | 0.00 | 4.14 | 11.65 | |||
| RACE | 1.14 | (0.23) | 0.00 | (0.25) | 0.00 | 2.19 | 10.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bayerische Motoren 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?
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Bayerische Motoren Corporate Management
| Joachim Post | Purchasing Management | Profile | |
| Andreas Liepe | G Counsel | Profile | |
| Alexander Bilgeri | Production, HR | Profile | |
| Frank Weber | Dev Management | Profile | |
| Veronika Rosler | Head Relations | Profile | |
| Pieter Nota | Member of the Management Board for Sales and Brand BMW, Aftersales BMW Group | Profile |