Balwin Properties Correlations

Stocks . South Africa . 
Stock . Balwin Properties
BWN Stock   317.00  3.00  0.94%   
The current 90-days correlation between Balwin Properties and Quantum Foods Holdings is -0.08 (i.e., Good diversification). The correlation of Balwin Properties 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.

Balwin Properties Correlation With Market

Very poor diversification

The correlation between Balwin Properties and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Balwin Properties and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Balwin Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Balwin Properties 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 Balwin Properties - 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 Balwin Properties to buy it.

Moving together with Balwin Stock

  0.72ACS AcsionPairCorr
  0.77ARA Astoria InvestmentsPairCorr
  0.84TKG TelkomPairCorr
  0.77MTN MTN GroupPairCorr
  0.63LSK Lesaka TechnologiesPairCorr
  0.82NPH Northam Platinum HoldingsPairCorr
  0.82RFG RFG HoldingsPairCorr
  0.81CPI Capitec Bank HoldingsPairCorr
  0.84S32 South32PairCorr
  0.73NY1 Ninety OnePairCorr
  0.83JSE JSE LimitedPairCorr
  0.69DRD DRDGOLD Limited Earnings Call This WeekPairCorr
  0.71TPC Transpaco Earnings Call TomorrowPairCorr
  0.83AGL Anglo American PLC Earnings Call This WeekPairCorr
  0.89KAP Kap Industrial HoldingsPairCorr
  0.64KP2 Kore Potash PlcPairCorr
  0.68GRT Growthpoint PropertiesPairCorr
  0.72HMN Hammerson PLCPairCorr
  0.84ABG Absa GroupPairCorr
  0.79SBK Standard Bank GroupPairCorr
  0.91MTH Motus HoldingsPairCorr
  0.65PMR Premier GroupPairCorr
  0.83FSR FirstrandPairCorr
  0.81BHG BHP Group Limited Earnings Call TodayPairCorr
  0.82HCI Hosken ConsolidatedPairCorr
  0.74MTM Momentum MetropolitanPairCorr

Moving against Balwin Stock

  0.35ANI Afine InvestmentsPairCorr

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

ANG
+ 0.89
S32
S32
+ 0.88
KAP
ANG
+ 0.85
KAP
S32
+ 0.78
GRT
ANG
+ 0.77
GRT
S32
+ 0.69
PMR
  

High negative correlations

RMH
- 0.21
PMR

Risk-Adjusted Indicators

There is a big difference between Balwin Stock performing well and Balwin Properties 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 Balwin Properties' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Balwin Properties 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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Balwin Properties Corporate Management

Elected by the shareholders, the Balwin Properties' board of directors comprises two types of representatives: Balwin Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Balwin. The board's role is to monitor Balwin Properties' management team and ensure that shareholders' interests are well served. Balwin Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Balwin Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.
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