BOSTON Correlations

10112RAY0

93.01 2.83 2.95%

The current 90-days correlation between BOSTON PPTYS LTD and Willamette Valley Vineyards is 0.06 (i.e., Significant diversification). The correlation of BOSTON 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.

BOSTON Correlation With Market

Significant diversification

The correlation between BOSTON PPTYS LTD and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BOSTON PPTYS LTD and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BOSTON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BOSTON 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 BOSTON - 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 BOSTON PPTYS LTD to buy it.

Moving together with BOSTON Bond

0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr
0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against BOSTON Bond

0.77	DIS	Walt Disney Aggressive Push	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.55	WMT	Walmart Aggressive Push	Pair Corr
0.52	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.49	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.45	T	ATT Inc Sell-off Trend	Pair Corr
0.43	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	WVVI	OLP	SAM	MNTK	WEST	SEIC	KDP
WVVI		-0.75	-0.78	-0.16	0.37	-0.8	0.64	WVVI
OLP	-0.75		0.67	-0.08	-0.08	0.75	-0.52	OLP
SAM	-0.78	0.67		-0.02	0.03	0.92	-0.81	SAM
MNTK	-0.16	-0.08	-0.02		-0.52	0.07	0.06	MNTK
WEST	0.37	-0.08	0.03	-0.52		-0.1	-0.05	WEST
SEIC	-0.8	0.75	0.92	0.07	-0.1		-0.9	SEIC
KDP	0.64	-0.52	-0.81	0.06	-0.05	-0.9		KDP
	WVVI	OLP	SAM	MNTK	WEST	SEIC	KDP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SEIC	+ 0.92	SAM
SEIC	+ 0.75	OLP
SAM	+ 0.67	OLP
KDP	+ 0.64	WVVI
WEST	+ 0.37	WVVI
SEIC	+ 0.07	MNTK

High negative correlations

KDP	- 0.9	SEIC
KDP	- 0.81	SAM
SEIC	- 0.8	WVVI
SAM	- 0.78	WVVI
OLP	- 0.75	WVVI
WEST	- 0.52	MNTK

Risk-Adjusted Indicators

There is a big difference between BOSTON Bond performing well and BOSTON 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 BOSTON'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
WVVI	1.30	(0.14)	0.00	0.68	0.00	0.00	3.28	(2.87)	8.49
OLP	1.01	0.05	0.04	0.18	0.97	(1.14)	2.50	(1.97)	7.70
SAM	1.30	0.14	0.03	0.70	1.51	(1.30)	2.83	(2.35)	6.57
MNTK	2.72	(0.21)	0.00	(0.02)	0.00	0.00	4.73	(5.22)	25.57
WEST	2.88	(0.25)	0.00	(0.04)	0.00	0.00	5.66	(6.23)	17.90
SEIC	0.81	0.21	0.19	0.37	0.57	(0.95)	1.57	(1.56)	7.23
KDP	0.76	(0.20)	0.00	(0.35)	0.00	0.00	1.46	(2.08)	6.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in BOSTON 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 Positions Ratings Now

Positions Ratings

Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC