BPCEGP Correlations

05578QAE3

96.32 3.17 3.19%

The current 90-days correlation between BPCEGP 4875 01 and Sphere Entertainment Co is -0.01 (i.e., Good diversification). The correlation of BPCEGP 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.

BPCEGP Correlation With Market

Average diversification

The correlation between BPCEGP 4875 01 APR 26 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BPCEGP 4875 01 APR 26 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BPCEGP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BPCEGP 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 BPCEGP - 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 BPCEGP 4875 01 APR 26 to buy it.

Moving together with BPCEGP Bond

0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr

Moving against BPCEGP Bond

0.89	KO	Coca Cola Sell-off Trend	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.52	VZ	Verizon Communications Aggressive Push	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	SPHR	STZ	SAND	J	MJWNY	BDN	ELVA	CNLFF
SPHR		-0.09	0.07	0.12	-0.27	0.42	-0.28	0.08	SPHR
STZ	-0.09		0.12	-0.69	0.07	-0.22	0.03	-0.56	STZ
SAND	0.07	0.12		0.07	-0.4	0.21	0.05	0.03	SAND
J	0.12	-0.69	0.07		-0.49	0.55	0.3	0.91	J
MJWNY	-0.27	0.07	-0.4	-0.49		-0.55	-0.25	-0.62	MJWNY
BDN	0.42	-0.22	0.21	0.55	-0.55		0.43	0.57	BDN
ELVA	-0.28	0.03	0.05	0.3	-0.25	0.43		0.43	ELVA
CNLFF	0.08	-0.56	0.03	0.91	-0.62	0.57	0.43		CNLFF
	SPHR	STZ	SAND	J	MJWNY	BDN	ELVA	CNLFF

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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

CNLFF	+ 0.91	J
CNLFF	+ 0.57	BDN
BDN	+ 0.55	J
ELVA	+ 0.43	BDN
CNLFF	+ 0.43	ELVA
BDN	+ 0.42	SPHR

High negative correlations

J	- 0.69	STZ
CNLFF	- 0.62	MJWNY
CNLFF	- 0.56	STZ
BDN	- 0.55	MJWNY
MJWNY	- 0.49	J
MJWNY	- 0.4	SAND

Risk-Adjusted Indicators

There is a big difference between BPCEGP Bond performing well and BPCEGP Corporate Bond 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 BPCEGP'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
SPHR	2.12	(0.42)	0.00	(0.21)	0.00	0.00	5.06	(4.40)	14.27
STZ	0.92	0.00	0.00	0.10	0.00	0.00	1.93	(1.86)	7.42
SAND	1.70	0.04	(0.02)	0.28	2.39	(1.77)	3.33	(2.56)	15.60
J	1.09	0.06	0.04	0.17	1.63	(1.12)	2.41	(1.97)	9.97
MJWNY	0.47	0.09	0.00	(0.09)	0.00	0.00	0.00	0.00	14.59
BDN	1.67	0.02	0.02	0.13	2.80	(1.78)	3.78	(3.80)	18.66
ELVA	2.62	0.30	0.11	0.38	2.59	(3.22)	6.47	(3.96)	16.84
CNLFF	0.05	0.02	0.00	4.06	0.00	0.00	0.00	0.00	1.03

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Our tools can tell you how much better you can do entering a position in BPCEGP 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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