B3 SA Correlations

BOLSY Stock

USD 10.01 0.11 1.11%

The current 90-days correlation between B3 SA and Japan Exchange Group is 0.34 (i.e., Weak diversification). The correlation of B3 SA 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.

B3 SA Correlation With Market

Poor diversification

The correlation between B3 SA and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding B3 SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to B3 SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B3 SA 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 B3 SA - 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 B3 SA to buy it.

Moving together with BOLSY Pink Sheet

0.77	CME	CME Group Earnings Call This Week	Pair Corr
0.65	ICE	Intercontinental Exchange	Pair Corr
0.74	NEWTH	NewtekOne 8625 percent	Pair Corr
0.85	SECVY	Seche Environnement	Pair Corr
0.61	BNKHF	BOC Hong Kong	Pair Corr
0.83	THO	Thor Industries Downward Rally	Pair Corr
0.78	RCKY	Rocky Brands	Pair Corr
0.86	TFLM	TFLM	Pair Corr
0.64	FIBK	First Interstate Ban	Pair Corr
0.82	OBYCF	Obayashi	Pair Corr
0.87	ENS	Enersys	Pair Corr

Moving against BOLSY Pink Sheet

0.81	PBCRY	Bank Central Asia	Pair Corr
0.67	RVSN	Rail Vision Trending	Pair Corr
0.55	LDNXF	London Stock Exchange	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.54	BROGF	BROGF	Pair Corr
0.53	IVVD	Invivyd	Pair Corr
0.46	NVNIW	Nvni Group Limited	Pair Corr
0.43	ALL	Allstate	Pair Corr

Related Correlations Analysis

	JPXGY	SPXCF	IAUGY	OSCUF	RAIFY	BPCGF	BBSEY	AGESY	ISDAY	EUXTF
JPXGY		0.03	-0.07	0.2	-0.36	-0.23	-0.08	-0.41	-0.42	-0.11	JPXGY
SPXCF	0.03		0.2	0.19	0.56	0.48	0.58	0.55	0.39	-0.58	SPXCF
IAUGY	-0.07	0.2		-0.23	0.3	0.42	0.09	0.45	0.3	-0.09	IAUGY
OSCUF	0.2	0.19	-0.23		0.01	0.01	0.22	-0.04	0.06	-0.09	OSCUF
RAIFY	-0.36	0.56	0.3	0.01		0.72	0.81	0.91	0.8	-0.48	RAIFY
BPCGF	-0.23	0.48	0.42	0.01	0.72		0.65	0.78	0.75	-0.56	BPCGF
BBSEY	-0.08	0.58	0.09	0.22	0.81	0.65		0.75	0.58	-0.69	BBSEY
AGESY	-0.41	0.55	0.45	-0.04	0.91	0.78	0.75		0.8	-0.52	AGESY
ISDAY	-0.42	0.39	0.3	0.06	0.8	0.75	0.58	0.8		-0.2	ISDAY
EUXTF	-0.11	-0.58	-0.09	-0.09	-0.48	-0.56	-0.69	-0.52	-0.2		EUXTF
	JPXGY	SPXCF	IAUGY	OSCUF	RAIFY	BPCGF	BBSEY	AGESY	ISDAY	EUXTF

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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

AGESY	+ 0.91	RAIFY
BBSEY	+ 0.81	RAIFY
ISDAY	+ 0.8	RAIFY
ISDAY	+ 0.8	AGESY
AGESY	+ 0.78	BPCGF
ISDAY	+ 0.75	BPCGF

High negative correlations

EUXTF	- 0.69	BBSEY
EUXTF	- 0.58	SPXCF
EUXTF	- 0.56	BPCGF
EUXTF	- 0.52	AGESY
EUXTF	- 0.48	RAIFY
ISDAY	- 0.42	JPXGY

Risk-Adjusted Indicators

There is a big difference between BOLSY Pink Sheet performing well and B3 SA 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 B3 SA'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
JPXGY	1.38	(0.03)	(0.02)	0.06	1.82	(1.45)	3.68	(2.89)	9.87
SPXCF	1.72	0.22	0.02	(0.44)	2.23	(4.56)	6.45	(6.20)	18.06
IAUGY	1.03	0.10	0.01	0.37	1.49	(3.52)	4.06	(3.30)	12.59
OSCUF	3.35	0.46	0.02	(0.12)	3.96	(7.65)	11.26	(9.28)	37.42
RAIFY	2.40	0.64	0.18	(1.80)	2.51	(2.61)	5.68	(4.31)	12.57
BPCGF	0.19	0.09	0.00	1.99	0.00	0.00	0.00	0.00	4.35
BBSEY	2.00	0.23	0.06	0.71	2.36	(2.20)	3.76	(4.08)	15.05
AGESY	0.95	0.17	0.08	1.34	1.04	(1.04)	1.94	(1.97)	5.23
ISDAY	0.94	0.43	0.00	1.84	0.00	0.00	0.75	0.00	13.06
EUXTF	0.42	(0.07)	0.00	1.21	0.00	0.00	1.64	(1.86)	7.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in B3 SA 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.

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