Bank of the Correlations

BPHLY Stock

USD 44.79 0.03 0.07%

The current 90-days correlation between Bank of the and CarMax Inc is 0.09 (i.e., Significant diversification). The correlation of Bank of the 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.

Bank of the Correlation With Market

Significant diversification

The correlation between Bank of the and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank of the and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bank Pink Sheet

0.61

BNPQF

BNP Paribas SA

Pair Corr

Moving against Bank Pink Sheet

0.55	FSTF	First State Financial	Pair Corr
0.53	DIS	Walt Disney Sell-off Trend	Pair Corr
0.43	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.43	T	ATT Inc Sell-off Trend	Pair Corr
0.37	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.37	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.34	MSFT	Microsoft Aggressive Push	Pair Corr
0.31	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	BKRKF	MSTSX	XTWO	SVII	XTWY	SEGI	FPCG	KMX	SEIC
BKRKF		-0.41	0.49	-0.08	0.53	-0.57	0.0	-0.43	-0.75	BKRKF
MSTSX	-0.41		-0.1	0.17	-0.32	0.06	0.0	0.22	0.37	MSTSX
XTWO	0.49	-0.1		-0.55	0.9	-0.74	0.0	0.2	-0.55	XTWO
SVII	-0.08	0.17	-0.55		-0.45	0.38	0.0	-0.44	0.12	SVII
XTWY	0.53	-0.32	0.9	-0.45		-0.77	0.0	0.04	-0.71	XTWY
SEGI	-0.57	0.06	-0.74	0.38	-0.77		0.0	0.32	0.84	SEGI
FPCG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FPCG
KMX	-0.43	0.22	0.2	-0.44	0.04	0.32	0.0		0.61	KMX
SEIC	-0.75	0.37	-0.55	0.12	-0.71	0.84	0.0	0.61		SEIC
	BKRKF	MSTSX	XTWO	SVII	XTWY	SEGI	FPCG	KMX	SEIC

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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

XTWY	+ 0.9	XTWO
SEIC	+ 0.84	SEGI
SEIC	+ 0.61	KMX
XTWY	+ 0.53	BKRKF
XTWO	+ 0.49	BKRKF
SEGI	+ 0.38	SVII

High negative correlations

SEGI	- 0.77	XTWY
SEIC	- 0.75	BKRKF
SEGI	- 0.74	XTWO
SEIC	- 0.71	XTWY
SEGI	- 0.57	BKRKF
SEIC	- 0.55	XTWO

Risk-Adjusted Indicators

There is a big difference between Bank Pink Sheet performing well and Bank of the 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 Bank of the'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
BKRKF	3.13	0.13	(0.02)	0.00	3.93	(10.34)	11.54	(9.68)	34.05
MSTSX	0.45	0.00	(0.10)	0.11	0.39	(0.58)	1.21	(0.84)	2.80
XTWO	0.08	(0.01)	0.00	1.36	0.00	0.00	0.12	(0.12)	0.53
SVII	0.18	(0.05)	(0.17)	(0.03)	0.39	(0.29)	0.44	(0.53)	4.77
XTWY	0.76	(0.13)	0.00	1.56	0.00	0.00	1.33	(1.70)	5.49
SEGI	10.37	2.55	0.14	(1.13)	10.19	(16.01)	28.57	(18.18)	62.86
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.39	0.04	0.04	0.15	1.52	(1.53)	4.14	(2.75)	8.69
SEIC	0.79	0.40	0.28	(2.86)	0.42	(0.96)	1.57	(1.56)	7.23

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Our tools can tell you how much better you can do entering a position in Bank of the 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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