Boise Cascad Correlations

BCC Stock

USD 66.07 0.58 0.87%

The current 90-days correlation between Boise Cascad Llc and Tecnoglass is 0.52 (i.e., Very weak diversification). The correlation of Boise Cascad 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.

Boise Cascad Correlation With Market

Very weak diversification

The correlation between Boise Cascad Llc and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boise Cascad Llc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boise Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boise Cascad Llc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Boise Stock

0.85	CLW	Clearwater Paper	Pair Corr
0.76	LPX	Louisiana Pacific	Pair Corr
0.88	SUZ	Suzano Papel e	Pair Corr
0.89	WFG	West Fraser Timber	Pair Corr
0.73	KUANTUM	Kuantum Papers	Pair Corr
0.91	IFP	Interfor Corp	Pair Corr
0.9	MAGN	Magnera Corp placeholder Earnings Call Today	Pair Corr
0.89	MERC	Mercer International	Pair Corr
0.79	CFP	Canfor	Pair Corr
0.66	ADVWW	Advantage Solutions	Pair Corr
0.61	MAPSW	WM Technology	Pair Corr
0.79	GCMGW	GCM Grosvenor	Pair Corr
0.66	NFPDF	Nissin Foods Holdings	Pair Corr
0.61	FMCB	Farmers Merchants Bancorp	Pair Corr

Moving against Boise Stock

0.8	603226	Vohringer Home Technology	Pair Corr
0.72	CRPR	James Cropper PLC	Pair Corr
0.64	002240	Shenzhen Chengxin Lithium	Pair Corr
0.63	GDL	Goodfellow	Pair Corr
0.55	SJ	Stella Jones	Pair Corr
0.48	ITP	IT Tech Packaging	Pair Corr
0.72	ENIC	Enel Chile SA	Pair Corr
0.71	760759AK6	US760759AK65	Pair Corr
0.67	NDEKY	Nitto Denko Corp	Pair Corr
0.52	FICO	Fair Isaac	Pair Corr
0.46	TM	Toyota Motor	Pair Corr
0.33	DAIUF	Daifuku	Pair Corr
0.33	AMIH	American International	Pair Corr

Related Correlations Analysis

	TGLS	TTAM	FSM	CGAU	MEOH	USAS	TMC	HWKN	MTRN	WDFC
TGLS		0.01	-0.06	-0.78	0.28	-0.56	-0.01	0.73	-0.18	0.34	TGLS
TTAM	0.01		-0.32	-0.3	0.05	-0.25	-0.37	-0.16	-0.19	0.37	TTAM
FSM	-0.06	-0.32		0.57	0.26	0.73	0.78	0.05	0.64	-0.84	FSM
CGAU	-0.78	-0.3	0.57		-0.07	0.89	0.54	-0.42	0.58	-0.76	CGAU
MEOH	0.28	0.05	0.26	-0.07		-0.1	-0.11	0.24	-0.07	-0.09	MEOH
USAS	-0.56	-0.25	0.73	0.89	-0.1		0.75	-0.29	0.74	-0.85	USAS
TMC	-0.01	-0.37	0.78	0.54	-0.11	0.75		0.16	0.74	-0.73	TMC
HWKN	0.73	-0.16	0.05	-0.42	0.24	-0.29	0.16		0.17	0.26	HWKN
MTRN	-0.18	-0.19	0.64	0.58	-0.07	0.74	0.74	0.17		-0.6	MTRN
WDFC	0.34	0.37	-0.84	-0.76	-0.09	-0.85	-0.73	0.26	-0.6		WDFC
	TGLS	TTAM	FSM	CGAU	MEOH	USAS	TMC	HWKN	MTRN	WDFC

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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

USAS	+ 0.89	CGAU
TMC	+ 0.78	FSM
TMC	+ 0.75	USAS
MTRN	+ 0.74	USAS
MTRN	+ 0.74	TMC
HWKN	+ 0.73	TGLS

High negative correlations

WDFC	- 0.85	USAS
WDFC	- 0.84	FSM
CGAU	- 0.78	TGLS
WDFC	- 0.76	CGAU
WDFC	- 0.73	TMC
WDFC	- 0.6	MTRN

Risk-Adjusted Indicators

There is a big difference between Boise Stock performing well and Boise Cascad 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 Boise Cascad'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
TGLS	1.61	(0.72)	0.00	(0.56)	0.00	0.00	2.57	(5.17)	10.38
TTAM	1.52	0.00	0.01	0.03	1.70	(1.73)	3.07	(2.70)	9.42
FSM	2.08	0.21	0.06	1.29	2.99	(2.12)	4.29	(4.58)	16.98
CGAU	2.07	0.81	0.23	1.29	2.74	(2.37)	4.87	(4.87)	16.21
MEOH	2.04	0.06	0.04	0.06	1.98	(2.73)	4.09	(3.67)	21.42
USAS	3.74	0.92	0.20	0.44	4.35	(4.20)	8.30	(6.99)	26.08
TMC	4.07	0.09	0.02	0.09	4.65	(4.95)	8.95	(9.48)	30.35
HWKN	1.83	(0.50)	0.00	(0.30)	0.00	0.00	3.56	(4.45)	13.12
MTRN	1.71	0.02	0.02	0.04	2.82	(1.92)	4.00	(2.82)	19.47
WDFC	1.17	(0.18)	0.00	(0.32)	0.00	0.00	2.65	(2.17)	8.81

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