Bouygues Correlations
| BOUYF Stock | USD 31.00 0.00 0.00% |
The current 90-days correlation between Bouygues SA and Orion Group Holdings is 0.26 (i.e., Modest diversification). The correlation of Bouygues 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.
Bouygues Correlation With Market
Modest diversification
The correlation between Bouygues SA and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bouygues SA and DJI in the same portfolio, assuming nothing else is changed.
Bouygues |
The ability to find closely correlated positions to Bouygues could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bouygues 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 Bouygues - 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 Bouygues SA to buy it.
Moving together with Bouygues Pink Sheet
| 0.67 | VCISY | Vinci SA ADR | PairCorr |
| 0.63 | VCISF | VINCI SA | PairCorr |
| 0.65 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.63 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Bouygues Pink Sheet
| 0.82 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.73 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.71 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.7 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.67 | WMT | Walmart Aggressive Push | PairCorr |
| 0.55 | EME | EMCOR Group | PairCorr |
| 0.55 | FIX | Comfort Systems USA | PairCorr |
| 0.49 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.48 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.47 | PWR | Quanta Services | PairCorr |
| 0.47 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.38 | HPQ | HP Inc | PairCorr |
| 0.36 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bouygues Pink Sheet performing well and Bouygues 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 Bouygues' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ORN | 3.36 | 0.06 | 0.04 | 0.15 | 4.08 | 6.81 | 20.99 | |||
| AGFY | 11.14 | 5.08 | 0.71 | 7.15 | 4.91 | 36.89 | 80.98 | |||
| MTRX | 1.99 | 0.27 | 0.20 | 0.25 | 1.62 | 4.54 | 19.14 | |||
| MYRG | 2.06 | 0.53 | 0.29 | 0.41 | 1.64 | 5.71 | 17.58 | |||
| GVA | 1.05 | 0.32 | 0.33 | 0.41 | 0.56 | 2.88 | 5.35 | |||
| GLDD | 1.56 | 0.14 | 0.12 | 0.20 | 1.54 | 3.82 | 11.23 | |||
| TPC | 2.68 | 0.06 | 0.06 | 0.14 | 3.06 | 7.18 | 20.69 | |||
| ENG | 3.94 | (0.07) | 0.00 | (0.08) | 0.00 | 9.16 | 28.92 | |||
| COLDF | 2.23 | (1.27) | 0.00 | (4.98) | 0.00 | 0.00 | 20.00 |
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Bouygues Corporate Management
| Karine Gruson | IR Contact Officer | Profile | |
| JeanManuel Soussan | VP Director | Profile | |
| Christophe Linard | Group Officer | Profile | |
| Pierre Auberger | Group Director | Profile | |
| Didier Casas | G Counsel | Profile |