BNP Paribas Correlations

Etfs . Germany . 
Etf . BNP Paribas Easy
VALD Etf  EUR 125.80  0.50  0.40%   
The current 90-days correlation between BNP Paribas Easy and Vanguard FTSE All World is 0.18 (i.e., Average diversification). The correlation of BNP Paribas 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.

BNP Paribas Correlation With Market

Almost no diversification

The correlation between BNP Paribas Easy and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNP Paribas Easy and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BNP Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNP Paribas 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 BNP Paribas - 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 BNP Paribas Easy to buy it.

Moving together with BNP Etf

  0.99CEMS iShares MSCI EuropePairCorr
  0.996PSC Invesco Markets IIIPairCorr
  0.87ETLX LG Gold MiningPairCorr
  0.84UBUD UBS ETF PublicPairCorr
  0.85G2XJ VanEck Junior GoldPairCorr
  0.86G2XJ VanEck Junior GoldPairCorr
  0.87ETLX LG Gold MiningPairCorr
  0.85SLVR Global X SilverPairCorr
  0.82SXRZ iShares VII PLCPairCorr
  0.97DXSL Xtrackers StoxxPairCorr
  0.9DBX3 Xtrackers MSCIPairCorr
  0.87LYQ2 Lyxor UCITS EuroMTSPairCorr
  0.89IBC3 iShares Core MSCIPairCorr
  0.62EGV7 MULTI UNITS LUXEMBOURGPairCorr
  0.77DEL2 Legal General UCITSPairCorr
  0.78EMNE iShares MSCI EMUPairCorr
  0.86XDNY Xtrackers MSCI JapanPairCorr
  0.97ETSZ Easy ETFPairCorr
  0.96ETLN Legal General UCITSPairCorr
  0.87M9SD Market Access NYSEPairCorr
  0.9618M1 Amundi ETF GoviesPairCorr
  0.73YSLV IncomeShares Silver YieldPairCorr
  0.84GCOR Franklin Sustainable EuroPairCorr
  0.65ELFW Deka MSCI WorldPairCorr
  0.95D6RD Deka Future EnergyPairCorr
  0.96SXRJ iShares VII PublicPairCorr
  0.89XHYG Xtrackers IIPairCorr
  0.88GQ9 SPDR Gold SharesPairCorr
  0.71EXH2 iShares STOXX EuropePairCorr
  0.94EXI1 iShares SLI UCITSPairCorr
  0.79DBPE Xtrackers LevDAXPairCorr
  0.99IBC0 iShares Edge MSCIPairCorr
  0.63EXHB iShares ebrexx GovernmentPairCorr

Moving against BNP Etf

  0.74VS0L VanEck Solana ETNPairCorr
  0.73DSOL WisdomTree Solana EURPairCorr
  0.73SLNC CoinShares FTX PhysicalPairCorr
  0.73VS0L VanEck Vectors SolanaPairCorr
  0.83DBPD Xtrackers ShortDAXPairCorr

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

VWCE
+ 0.95
WGES
VMID
+ 0.94
VALD
VMID
+ 0.93
WGES
UBUD
+ 0.92
VMID
EXV4
+ 0.91
VMID
VWCE
+ 0.89
VMID
  

High negative correlations

VWCE
- 0.0
VALU
UBUD
- 0.0
VALU
EXV4
- 0.0
VALU
VMID
- 0.0
VALU
VGEA
- 0.0
VALU
WGES
- 0.0
VALU

BNP Paribas Constituents Risk-Adjusted Indicators

There is a big difference between BNP Etf performing well and BNP Paribas ETF 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 BNP Paribas' 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 BNP Paribas 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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