BOD Science Correlations
| BOD Stock | 0.02 0.00 0.00% |
The correlation of BOD Science 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.
BOD |
The ability to find closely correlated positions to BOD Science could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BOD Science 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 BOD Science - 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 BOD Science to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between BOD Stock performing well and BOD Science 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 BOD Science'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BSL | 1.24 | 0.08 | 0.01 | 0.43 | 1.34 | 2.96 | 7.09 | |||
| CPU | 0.96 | (0.05) | 0.00 | 0.17 | 0.00 | 2.35 | 6.42 | |||
| AIZ | 1.00 | (0.07) | 0.00 | (0.31) | 0.00 | 1.96 | 5.81 | |||
| LLC | 0.98 | 0.01 | (0.04) | 0.31 | 1.35 | 1.74 | 7.53 | |||
| TNE | 1.52 | (0.44) | 0.00 | (1.11) | 0.00 | 2.38 | 20.12 | |||
| MBH | 3.44 | 0.89 | 0.14 | (2.29) | 3.18 | 9.09 | 25.58 | |||
| ST1 | 1.93 | 0.14 | 0.00 | (0.13) | 2.19 | 3.57 | 29.01 |
BOD Science Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BOD Science stock to make a market-neutral strategy. Peer analysis of BOD Science could also be used in its relative valuation, which is a method of valuing BOD Science by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BOD Science Corporate Management
Elected by the shareholders, the BOD Science's board of directors comprises two types of representatives: BOD Science inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BOD. The board's role is to monitor BOD Science's management team and ensure that shareholders' interests are well served. BOD Science's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BOD Science's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Carlie Hodges | Company Secretary | Profile | |
| Adrian Sturrock | Chief Officer | Profile | |
| Stephen Kelly | Company Sec | Profile | |
| ACIS BBus | Advisor | Profile | |
| Adele Hosseini | Chief Board | Profile |