Babcock Wilcox Correlations

BWSN Stock

USD 23.51 0.12 0.51%

The current 90-days correlation between Babcock Wilcox Enter and Shandong Longquan Pipeline is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Babcock Wilcox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Babcock Wilcox Enterprises, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Babcock Wilcox Correlation With Market

Good diversification

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

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Babcock Wilcox Enterprises,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Babcock Stock

0.77	688119	Sinosteel Luonai Mat	Pair Corr
0.77	002671	Shandong Longquan	Pair Corr
0.67	CRH	CRH PLC ADR	Pair Corr
0.87	EXP	Eagle Materials	Pair Corr
0.74	MLM	Martin Marietta Materials	Pair Corr
0.64	VMC	Vulcan Materials	Pair Corr
0.64	LOMA	Loma Negra Compania	Pair Corr
0.85	600449	Ningxia Building Mat	Pair Corr
0.67	TBLT	Toughbuilt Industries	Pair Corr
0.81	TGLS	Tecnoglass	Pair Corr
0.97	BWNB	Babcock Wilcox Enter	Pair Corr
0.61	CPAC	Cementos Pacasmayo SAA	Pair Corr
0.68	000885	City Development Env	Pair Corr
0.66	USLM	United States Lime	Pair Corr
0.64	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.78	FDS	FactSet Research Systems	Pair Corr

Moving against Babcock Stock

0.86	QEPC	QEP Co Inc	Pair Corr
0.77	RETO	ReTo Eco Solutions	Pair Corr
0.48	BIMI	Bimi International	Pair Corr
0.41	AERT	Aeries Technology	Pair Corr
0.4	JHX	James Hardie Industries	Pair Corr
0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.6	KO	Coca Cola Sell-off Trend	Pair Corr
0.59	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CX	688119	002671	CRH	EXP	JHX	MLM	SUM	VMC	ZJK
CX		-0.62	-0.66	-0.46	-0.19	0.66	-0.51	-0.63	-0.53	0.39	CX
688119	-0.62		0.97	0.75	0.72	-0.68	0.82	0.79	0.78	-0.73	688119
002671	-0.66	0.97		0.79	0.73	-0.72	0.87	0.84	0.83	-0.68	002671
CRH	-0.46	0.75	0.79		0.86	-0.37	0.93	0.94	0.97	-0.46	CRH
EXP	-0.19	0.72	0.73	0.86		-0.25	0.84	0.72	0.81	-0.61	EXP
JHX	0.66	-0.68	-0.72	-0.37	-0.25		-0.59	-0.58	-0.5	0.49	JHX
MLM	-0.51	0.82	0.87	0.93	0.84	-0.59		0.93	0.96	-0.59	MLM
SUM	-0.63	0.79	0.84	0.94	0.72	-0.58	0.93		0.97	-0.44	SUM
VMC	-0.53	0.78	0.83	0.97	0.81	-0.5	0.96	0.97		-0.47	VMC
ZJK	0.39	-0.73	-0.68	-0.46	-0.61	0.49	-0.59	-0.44	-0.47		ZJK
	CX	688119	002671	CRH	EXP	JHX	MLM	SUM	VMC	ZJK

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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

002671	+ 0.97	688119
VMC	+ 0.97	CRH
VMC	+ 0.97	SUM
VMC	+ 0.96	MLM
SUM	+ 0.94	CRH
MLM	+ 0.93	CRH

High negative correlations

ZJK	- 0.73	688119
JHX	- 0.72	002671
ZJK	- 0.68	002671
JHX	- 0.68	688119
002671	- 0.66	CX
SUM	- 0.63	CX

Risk-Adjusted Indicators

There is a big difference between Babcock Stock performing well and Babcock Wilcox 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 Babcock Wilcox'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
CX	1.79	(0.27)	0.00	(0.10)	0.00	0.00	3.40	(3.85)	14.50
688119	2.35	0.45	0.11	2.79	2.64	(2.96)	5.13	(3.41)	24.87
002671	2.05	0.58	0.14	(1.22)	2.41	(2.39)	6.24	(3.51)	19.35
CRH	1.01	0.11	0.07	0.23	1.16	(1.03)	2.60	(2.05)	6.07
EXP	1.32	0.10	0.10	0.18	1.35	(1.45)	2.94	(1.90)	7.85
JHX	1.77	(0.07)	(0.04)	0.04	2.11	(2.13)	4.32	(3.51)	16.43
MLM	1.09	0.08	0.07	0.18	1.16	(1.18)	1.94	(2.60)	8.83
SUM	1.65	0.25	0.15	0.28	1.66	(1.85)	4.18	(2.49)	9.88
VMC	1.13	0.12	0.13	0.21	0.92	(1.34)	2.34	(1.93)	8.27
ZJK	6.91	1.29	0.13	(1.22)	7.04	(8.88)	15.63	(9.23)	63.65

Babcock Wilcox Corporate Management

Rebecca Stahl	Independent Director	Profile
Philip Moeller	Independent Director	Profile
Robert Caruso	Chief Implementation Officer	Profile
Henry Bartoli	Director	Profile

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