BoohooCom PLC Correlations
BHOOY Stock | USD 8.21 0.53 6.90% |
The current 90-days correlation between BoohooCom PLC ADR and ASOS plc PK is 0.01 (i.e., Significant diversification). The correlation of BoohooCom PLC 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.
BoohooCom PLC Correlation With Market
Significant diversification
The correlation between BoohooCom PLC ADR and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BoohooCom PLC ADR and DJI in the same portfolio, assuming nothing else is changed.
BoohooCom |
The ability to find closely correlated positions to BoohooCom PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BoohooCom PLC 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 BoohooCom PLC - 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 BoohooCom PLC ADR to buy it.
Moving together with BoohooCom Pink Sheet
0.82 | AMZN | Amazon Inc Aggressive Push | PairCorr |
0.72 | SE | Sea | PairCorr |
0.88 | DIS | Walt Disney | PairCorr |
0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.63 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
0.77 | T | ATT Inc Aggressive Push | PairCorr |
0.71 | CSCO | Cisco Systems Aggressive Push | PairCorr |
0.89 | WMT | Walmart Aggressive Push | PairCorr |
Moving against BoohooCom Pink Sheet
0.88 | LNDNF | Lundin Energy AB | PairCorr |
0.7 | ARDDF | Ardiden Limited | PairCorr |
0.61 | AWCMY | Alumina Limited PK | PairCorr |
0.57 | MELI | MercadoLibre | PairCorr |
0.43 | BKLRF | Berkeley Energy | PairCorr |
0.42 | CNEY | CN Energy Group | PairCorr |
0.41 | INBX | Inhibrx Symbol Change | PairCorr |
0.4 | BABA | Alibaba Group Holding | PairCorr |
0.34 | PDD | PDD Holdings | PairCorr |
0.31 | BABAF | Alibaba Group Holding Downward Rally | PairCorr |
0.79 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
0.75 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Related Correlations Analysis
0.83 | -0.19 | 0.03 | 0.77 | ASOMY | ||
0.83 | -0.41 | -0.31 | 0.9 | BKGFY | ||
-0.19 | -0.41 | 0.16 | -0.42 | HRGLY | ||
0.03 | -0.31 | 0.16 | -0.13 | ZLNDY | ||
0.77 | 0.9 | -0.42 | -0.13 | BTDPY | ||
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between BoohooCom Pink Sheet performing well and BoohooCom PLC 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 BoohooCom PLC'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ASOMY | 1.79 | 0.13 | (0.02) | (0.13) | 2.36 | 4.27 | 23.64 | |||
BKGFY | 1.25 | (0.28) | 0.00 | 1.05 | 0.00 | 1.94 | 7.38 | |||
HRGLY | 0.81 | 0.24 | 0.07 | 0.83 | 0.47 | 2.09 | 9.75 | |||
ZLNDY | 1.79 | 0.48 | 0.18 | 2.55 | 1.69 | 5.61 | 17.28 | |||
BTDPY | 1.43 | (0.28) | 0.00 | (1.36) | 0.00 | 3.01 | 8.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BoohooCom PLC 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 Portfolio Anywhere Now
Portfolio AnywhereTrack or share privately all of your investments from the convenience of any device |
All Next | Launch Module |