Boyd Group Correlations
| BYD Stock | CAD 245.52 4.07 1.69% |
The current 90-days correlation between Boyd Group Services and Linamar is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boyd Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Boyd Group Correlation With Market
Weak diversification
The correlation between Boyd Group Services and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boyd Group Services and DJI in the same portfolio, assuming nothing else is changed.
Boyd |
The ability to find closely correlated positions to Boyd Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Group 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 Boyd Group - 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 Boyd Group Services to buy it.
Moving together with Boyd Stock
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 Boyd Stock performing well and Boyd Group 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 Boyd Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNR | 1.14 | 0.25 | 0.16 | 0.60 | 0.95 | 3.73 | 8.76 | |||
| DOO | 1.59 | 0.25 | 0.12 | 0.44 | 1.66 | 4.92 | 13.29 | |||
| WPK | 0.91 | 0.19 | 0.16 | 0.80 | 0.54 | 2.12 | 3.50 | |||
| RCH | 0.84 | 0.22 | 0.17 | 0.75 | 0.60 | 2.60 | 4.98 | |||
| PET | 1.16 | 0.06 | 0.01 | 0.25 | 1.13 | 2.93 | 6.27 | |||
| FOOD | 3.18 | 0.07 | 0.01 | 0.15 | 3.71 | 8.70 | 26.67 | |||
| LNF | 0.90 | (0.10) | 0.00 | (0.11) | 0.00 | 1.73 | 9.71 | |||
| TOY | 1.39 | (0.03) | (0.03) | 0.04 | 1.78 | 2.93 | 8.23 | |||
| GOOS | 2.28 | (0.14) | 0.00 | (0.02) | 0.00 | 4.68 | 24.28 | |||
| NFI | 1.73 | 0.36 | 0.16 | 36.43 | 1.44 | 3.74 | 16.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Boyd Group 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 Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
| All Next | Launch Module |
Boyd Group Corporate Management
Elected by the shareholders, the Boyd Group's board of directors comprises two types of representatives: Boyd Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boyd. The board's role is to monitor Boyd Group's management team and ensure that shareholders' interests are well served. Boyd Group'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, Boyd Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Desmond DSilva | Chief Inc | Profile | |
| Mark Miller | Vice Quality | Profile | |
| Paul Gange | Chief Collision | Profile | |
| Narendra Pathipati | Ex CFO | Profile | |
| Antonio Canade | Chief Operatons | Profile |