Bounce Mobile Correlations
| BNCM Stock | USD 0.02 0.0001 0.48% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bounce Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bounce Mobile Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bounce Mobile Correlation With Market
Significant diversification
The correlation between Bounce Mobile Systems and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bounce Mobile Systems and DJI in the same portfolio, assuming nothing else is changed.
Bounce |
The ability to find closely correlated positions to Bounce Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bounce Mobile 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 Bounce Mobile - 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 Bounce Mobile Systems to buy it.
Moving together with Bounce Pink Sheet
| 0.61 | IVSBF | Investor AB ser Earnings Call Tomorrow | PairCorr |
| 0.71 | IVSXF | Investor AB Earnings Call Tomorrow | PairCorr |
| 0.76 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.73 | TCHH | Trustcash Holdings | PairCorr |
| 0.77 | SHG | Shinhan Financial | PairCorr |
| 0.61 | KB | KB Financial Group | PairCorr |
| 0.67 | WF | Woori Financial Group | PairCorr |
| 0.71 | HYMTF | Hyundai Motor Earnings Call Tomorrow | PairCorr |
| 0.76 | TLK | Telkom Indonesia Tbk | PairCorr |
Moving against Bounce Pink Sheet
| 0.8 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.74 | LNG | Cheniere Energy | PairCorr |
| 0.68 | OPFI | OppFi Inc | PairCorr |
| 0.67 | APO | Apollo Global Management | PairCorr |
| 0.66 | DUOL | Duolingo | PairCorr |
| 0.65 | ARES | Ares Management LP Normal Trading | PairCorr |
| 0.56 | TRGP | Targa Resources | PairCorr |
| 0.51 | XPO | XPO Logistics | PairCorr |
| 0.49 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.42 | VFS | VinFast Auto | PairCorr |
| 0.4 | BK | Bank of New York | PairCorr |
| 0.35 | AMP | Ameriprise Financial | PairCorr |
| 0.33 | VFSWW | VinFast Auto | PairCorr |
| 0.32 | BX | Blackstone Group Earnings Call Tomorrow | PairCorr |
| 0.32 | SF | Stifel Financial | PairCorr |
Related Correlations Analysis
| 0.07 | 0.17 | 0.22 | 0.06 | LVGI | ||
| 0.07 | -0.03 | 0.08 | 0.08 | GCAAF | ||
| 0.17 | -0.03 | 0.08 | 0.07 | PIAC | ||
| 0.22 | 0.08 | 0.08 | -0.29 | SMCE | ||
| 0.06 | 0.08 | 0.07 | -0.29 | KEGS | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Bounce Pink Sheet performing well and Bounce Mobile 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 Bounce Mobile'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LVGI | 6.10 | 0.96 | 0.04 | 0.64 | 7.00 | 25.00 | 75.00 | |||
| GCAAF | 0.87 | 0.12 | 0.05 | 0.43 | 1.03 | 1.51 | 10.47 | |||
| PIAC | 2.51 | 0.27 | 0.00 | (1.92) | 0.00 | 8.33 | 63.51 | |||
| SMCE | 7.91 | 0.96 | 0.11 | 0.46 | 6.77 | 18.75 | 41.88 | |||
| KEGS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bounce Mobile 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 Portfolio Comparator Now
Portfolio ComparatorCompare the composition, asset allocations and performance of any two portfolios in your account |
| All Next | Launch Module |
Bounce Mobile Corporate Management
| Paul Hatadi | Group Pres | Profile | |
| Larry Pratt | S VP | Profile | |
| Kathleen CPA | Chief Officer | Profile | |
| Peter MBA | Chief Officer | Profile | |
| Wilbur Peters | Chairman Treasurer | Profile | |
| Leila Soriano | Chief Officer | Profile |