Bilfinger Correlations

BFLBY Stock

USD 9.42 0.00 0.00%

The current 90-days correlation between Bilfinger SE ADR and Travis Perkins PLC is 0.02 (i.e., Significant diversification). The correlation of Bilfinger 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Bilfinger Correlation With Market

Average diversification

The correlation between Bilfinger SE ADR and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bilfinger SE ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bilfinger Pink Sheet

0.63

WSPOF

WSP Global

Pair Corr

Moving against Bilfinger Pink Sheet

0.65	PG	Procter Gamble Sell-off Trend	Pair Corr
0.51	DIS	Walt Disney Sell-off Trend	Pair Corr
0.35	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.33	BAC	Bank of America Aggressive Push	Pair Corr
0.33	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	TPRKY	AEHL	ILAG	BECN	AWI	NX	APOG	AZEK	JBI	ROCK
TPRKY		0.5	0.08	-0.78	-0.79	-0.54	-0.64	-0.53	0.88	-0.25	TPRKY
AEHL	0.5		0.68	-0.67	-0.8	-0.71	-0.81	-0.6	0.7	-0.33	AEHL
ILAG	0.08	0.68		-0.47	-0.53	-0.56	-0.6	-0.42	0.3	-0.36	ILAG
BECN	-0.78	-0.67	-0.47		0.95	0.76	0.88	0.73	-0.74	0.45	BECN
AWI	-0.79	-0.8	-0.53	0.95		0.8	0.92	0.78	-0.83	0.5	AWI
NX	-0.54	-0.71	-0.56	0.76	0.8		0.8	0.48	-0.59	0.28	NX
APOG	-0.64	-0.81	-0.6	0.88	0.92	0.8		0.6	-0.69	0.46	APOG
AZEK	-0.53	-0.6	-0.42	0.73	0.78	0.48	0.6		-0.6	0.7	AZEK
JBI	0.88	0.7	0.3	-0.74	-0.83	-0.59	-0.69	-0.6		-0.38	JBI
ROCK	-0.25	-0.33	-0.36	0.45	0.5	0.28	0.46	0.7	-0.38		ROCK
	TPRKY	AEHL	ILAG	BECN	AWI	NX	APOG	AZEK	JBI	ROCK

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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

AWI	+ 0.95	BECN
APOG	+ 0.92	AWI
JBI	+ 0.88	TPRKY
APOG	+ 0.88	BECN
NX	+ 0.8	AWI
APOG	+ 0.8	NX

High negative correlations

JBI	- 0.83	AWI
APOG	- 0.81	AEHL
AWI	- 0.8	AEHL
AWI	- 0.79	TPRKY
BECN	- 0.78	TPRKY
JBI	- 0.74	BECN

Risk-Adjusted Indicators

There is a big difference between Bilfinger Pink Sheet performing well and Bilfinger 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 Bilfinger'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
TPRKY	1.74	(0.29)	0.00	(1.88)	0.00	0.00	2.64	(4.55)	16.75
AEHL	6.21	(2.65)	0.00	(8.91)	0.00	0.00	10.71	(12.82)	60.73
ILAG	3.05	(0.08)	0.00	0.07	4.04	(4.15)	7.29	(5.13)	35.66
BECN	1.72	0.22	0.14	0.29	1.51	(1.97)	3.32	(2.18)	11.44
AWI	0.94	0.24	0.22	0.36	0.58	(1.06)	2.35	(1.38)	5.22
NX	2.09	0.06	0.01	0.20	2.87	(2.26)	3.30	(3.23)	32.55
APOG	1.82	0.16	0.16	0.20	1.57	(2.22)	3.41	(2.93)	28.75
AZEK	1.34	0.24	0.14	0.38	1.32	(1.48)	3.48	(2.33)	8.77
JBI	2.05	(0.72)	0.00	(0.23)	0.00	0.00	3.00	(4.22)	33.52
ROCK	1.47	(0.07)	(0.01)	0.08	1.68	(1.58)	2.88	(2.19)	7.69

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Our tools can tell you how much better you can do entering a position in Bilfinger 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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Bilfinger Corporate Management

Matti Jakel	Ex CFO	Profile
Peter Stopfer	Head Communications	Profile
Anette Weidlich	Head Communications	Profile
Andreas Mller	Managing Relations	Profile
Bettina Schneider	Head of Investor Relations	Profile
Jon Rokk	Pres East	Profile

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