Bim Son Correlations
| BCC Stock | 7,500 200.00 2.74% |
The current 90-days correlation between Bim Son Cement and South Basic Chemicals is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bim Son moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bim Son Cement moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bim Son Correlation With Market
Average diversification
The correlation between Bim Son Cement and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bim Son Cement and DJI in the same portfolio, assuming nothing else is changed.
Bim |
The ability to find closely correlated positions to Bim Son could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bim Son 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 Bim Son - 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 Bim Son Cement to buy it.
Moving against Bim Stock
| 0.82 | BCF | Bich Chi Food | PairCorr |
| 0.75 | ICT | Telecoms Informatics JSC | PairCorr |
| 0.74 | ELC | Elcom Technology Com | PairCorr |
| 0.7 | FPT | FPT Corp | PairCorr |
| 0.65 | SMA | Saigon Machinery Spare | PairCorr |
| 0.56 | CSV | South Basic Chemicals | PairCorr |
| 0.45 | ABS | Binhthuan Agriculture | PairCorr |
Related Correlations Analysis
| 0.6 | 0.32 | 0.73 | 0.82 | 0.9 | 0.81 | CSV | ||
| 0.6 | 0.05 | 0.37 | 0.61 | 0.34 | 0.73 | ICT | ||
| 0.32 | 0.05 | 0.1 | 0.57 | 0.35 | 0.3 | FMC | ||
| 0.73 | 0.37 | 0.1 | 0.56 | 0.75 | 0.48 | JVC | ||
| 0.82 | 0.61 | 0.57 | 0.56 | 0.78 | 0.85 | FPT | ||
| 0.9 | 0.34 | 0.35 | 0.75 | 0.78 | 0.67 | ABS | ||
| 0.81 | 0.73 | 0.3 | 0.48 | 0.85 | 0.67 | ELC | ||
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Risk-Adjusted Indicators
There is a big difference between Bim Stock performing well and Bim Son 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 Bim Son'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSV | 1.78 | 0.26 | 0.13 | 0.94 | 1.45 | 5.75 | 10.90 | |||
| ICT | 1.59 | 0.25 | 0.10 | 0.62 | 1.73 | 4.28 | 12.72 | |||
| FMC | 0.65 | 0.01 | (0.03) | 0.08 | 0.73 | 1.50 | 4.42 | |||
| JVC | 1.05 | 0.22 | 0.12 | (0.56) | 0.91 | 3.54 | 9.46 | |||
| FPT | 0.94 | 0.16 | 0.11 | 0.69 | 0.96 | 2.74 | 7.64 | |||
| ABS | 1.56 | 0.27 | 0.11 | (0.93) | 1.53 | 5.10 | 12.04 | |||
| ELC | 1.00 | 0.19 | 0.09 | 1.11 | 1.15 | 2.66 | 7.38 |
Bim Son Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bim Son stock to make a market-neutral strategy. Peer analysis of Bim Son could also be used in its relative valuation, which is a method of valuing Bim Son by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |