Bolloré SE Correlations

BOIVF Stock

USD 6.19 0.15 2.48%

The current 90-days correlation between Bolloré SE and Universal Music Group is 0.38 (i.e., Weak diversification). The correlation of Bolloré SE 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.

Bolloré SE Correlation With Market

Modest diversification

The correlation between Bollor SE and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bollor SE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bolloré Pink Sheet

0.7	UNVGY	Universal Music Group	Pair Corr
0.73	UMGNF	Universal Music Group	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.75	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Bolloré Pink Sheet

0.65	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.64	FOX	Fox Corp Class	Pair Corr
0.6	LYV	Live Nation Entertainment	Pair Corr
0.6	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.6	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.58	FWONK	Liberty Media	Pair Corr
0.56	DIS	Walt Disney Sell-off Trend	Pair Corr
0.56	FWONA	Liberty Media	Pair Corr
0.56	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.52	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.42	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.42	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	UNVGY	UMGP	RDI	WMG	BATRK	MSGS	FWONA	FWONK	BATRB	NWS
UNVGY		0.47	0.6	-0.4	0.14	-0.56	-0.69	-0.73	0.2	-0.8	UNVGY
UMGP	0.47		0.83	-0.75	0.3	-0.83	-0.66	-0.65	0.71	-0.66	UMGP
RDI	0.6	0.83		-0.81	0.4	-0.79	-0.67	-0.65	0.72	-0.66	RDI
WMG	-0.4	-0.75	-0.81		-0.43	0.82	0.71	0.66	-0.83	0.6	WMG
BATRK	0.14	0.3	0.4	-0.43		-0.28	-0.17	-0.09	0.64	0.04	BATRK
MSGS	-0.56	-0.83	-0.79	0.82	-0.28		0.86	0.84	-0.69	0.76	MSGS
FWONA	-0.69	-0.66	-0.67	0.71	-0.17	0.86		0.99	-0.53	0.8	FWONA
FWONK	-0.73	-0.65	-0.65	0.66	-0.09	0.84	0.99		-0.47	0.84	FWONK
BATRB	0.2	0.71	0.72	-0.83	0.64	-0.69	-0.53	-0.47		-0.36	BATRB
NWS	-0.8	-0.66	-0.66	0.6	0.04	0.76	0.8	0.84	-0.36		NWS
	UNVGY	UMGP	RDI	WMG	BATRK	MSGS	FWONA	FWONK	BATRB	NWS

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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

FWONK	+ 0.99	FWONA
FWONA	+ 0.86	MSGS
FWONK	+ 0.84	MSGS
NWS	+ 0.84	FWONK
RDI	+ 0.83	UMGP
MSGS	+ 0.82	WMG

High negative correlations

BATRB	- 0.83	WMG
MSGS	- 0.83	UMGP
WMG	- 0.81	RDI
NWS	- 0.8	UNVGY
MSGS	- 0.79	RDI
WMG	- 0.75	UMGP

Risk-Adjusted Indicators

There is a big difference between Bolloré Pink Sheet performing well and Bolloré SE 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 Bolloré SE'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
UNVGY	1.13	(0.12)	0.00	(0.68)	0.00	0.00	2.38	(2.01)	7.08
UMGP	11.98	0.34	0.02	0.30	15.21	(15.81)	43.48	(23.33)	98.74
RDI	2.97	(0.15)	0.00	(0.11)	0.00	0.00	8.00	(6.67)	25.78
WMG	0.92	0.15	0.03	0.67	1.69	(0.97)	2.15	(2.03)	11.14
BATRK	0.97	(0.22)	0.00	(0.20)	0.00	0.00	1.77	(2.35)	4.84
MSGS	0.75	0.04	0.01	0.19	0.77	(0.79)	1.45	(1.32)	5.10
FWONA	1.14	0.09	0.06	0.22	1.33	(1.25)	2.87	(1.69)	8.37
FWONK	1.18	0.08	0.06	0.20	1.22	(1.29)	2.92	(1.68)	9.14
BATRB	1.69	(0.31)	0.00	2.22	0.00	0.00	4.17	(5.00)	25.83
NWS	0.91	0.04	0.02	0.18	1.14	(1.02)	1.77	(1.64)	6.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bolloré SE 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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