Blue Ridge Correlations
| BRRE Stock | USD 8.50 0.28 0.00% |
The current 90-days correlation between Blue Ridge Real and Table Trac is 0.02 (i.e., Significant diversification). The correlation of Blue Ridge 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.
Blue Ridge Correlation With Market
Excellent diversification
The correlation between Blue Ridge Real and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Ridge Real and DJI in the same portfolio, assuming nothing else is changed.
Blue |
The ability to find closely correlated positions to Blue Ridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ridge 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 Blue Ridge - 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 Blue Ridge Real to buy it.
Moving against Blue Pink Sheet
| 0.85 | NTZ | Natuzzi SpA | PairCorr |
| 0.84 | CYD | China Yuchai Interna | PairCorr |
| 0.83 | JOE | St Joe Company | PairCorr |
| 0.81 | EC | Ecopetrol SA ADR | PairCorr |
| 0.66 | YLLXF | Yellow Cake plc Downward Rally | PairCorr |
| 0.65 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.62 | TLOFF | Talon Metals Corp | PairCorr |
| 0.6 | BKRKY | Bank Rakyat | PairCorr |
| 0.6 | PRTS | CarPartsCom | PairCorr |
| 0.59 | AES | AES Aggressive Push | PairCorr |
| 0.59 | MEGI | MainStay CBRE Global Normal Trading | PairCorr |
| 0.48 | JLHL | Julong Holding | PairCorr |
| 0.42 | GAYMF | Galway Metals | PairCorr |
| 0.41 | TORO | Toro | PairCorr |
| 0.35 | 482480AN0 | KLAC 525 15 | PairCorr |
| 0.31 | PTAIY | Astra International Tbk | PairCorr |
| 0.97 | MTNOF | MTN Group Limited | PairCorr |
| 0.94 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.84 | TOGOF | TomaGold | PairCorr |
| 0.82 | NNBR | NN Inc | PairCorr |
| 0.79 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.78 | TATT | Tat Techno | PairCorr |
| 0.77 | LAND | Gladstone Land | PairCorr |
| 0.77 | PYTCY | Playtech PLC ADR | PairCorr |
| 0.75 | CAMZF | Camino Minerals | PairCorr |
| 0.75 | INTC | Intel | PairCorr |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Blue Pink Sheet performing well and Blue Ridge 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 Blue Ridge'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TBTC | 1.78 | 0.22 | 0.03 | (0.25) | 2.98 | 4.24 | 26.78 | |||
| JPOTF | 4.26 | 0.08 | 0.00 | (0.12) | 5.20 | 9.40 | 31.20 | |||
| GDDFF | 2.87 | 0.34 | 0.04 | 1.16 | 3.38 | 6.25 | 34.72 | |||
| SCUPF | 1.34 | (0.37) | 0.00 | 1.85 | 0.00 | 0.00 | 39.05 | |||
| MRGO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNTW | 1.54 | (0.46) | 0.00 | 0.75 | 0.00 | 0.00 | 38.46 | |||
| SKTP | 0.02 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | 0.57 | |||
| USYNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BWTL | 0.26 | (0.14) | 0.00 | 1.35 | 0.00 | 0.00 | 5.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Blue Ridge 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 Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Blue Ridge Corporate Executives
Elected by the shareholders, the Blue Ridge's board of directors comprises two types of representatives: Blue Ridge inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blue. The board's role is to monitor Blue Ridge's management team and ensure that shareholders' interests are well served. Blue Ridge'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, Blue Ridge's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Cynthia Horn | CFO and Treasurer | Profile |