Bayerische Motoren Correlations
| BYMOF Stock | USD 67.80 0.00 0.00% |
The current 90-days correlation between Bayerische Motoren Werke and Volkswagen AG 110 is 0.09 (i.e., Significant diversification). The correlation of Bayerische Motoren 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.
Bayerische Motoren Correlation With Market
Significant diversification
The correlation between Bayerische Motoren Werke 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 Bayerische Motoren Werke and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bayerische Motoren could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bayerische Motoren 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 Bayerische Motoren - 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 Bayerische Motoren Werke to buy it.
Moving together with Bayerische Pink Sheet
| 0.93 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.92 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.92 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.92 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.94 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.93 | VLKAF | Volkswagen AG | PairCorr |
| 0.76 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.92 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.81 | PBCRY | Bank Central Asia | PairCorr |
| 0.71 | PBCRF | PT Bank Central | PairCorr |
| 0.87 | BKRKY | Bank Rakyat | PairCorr |
| 0.87 | TLK | Telkom Indonesia Tbk | PairCorr |
Moving against Bayerische Pink Sheet
| 0.48 | SSNLF | Samsung Electronics | PairCorr |
| 0.91 | IONQ | IONQ Inc | PairCorr |
| 0.9 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.83 | LUNR | Intuitive Machines | PairCorr |
| 0.76 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.76 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.69 | SOUN | SoundHound AI Trending | PairCorr |
| 0.67 | BBAI | BigBearai Holdings Tech Boost | PairCorr |
| 0.6 | PTAIF | PT Astra International | PairCorr |
| 0.5 | APLD | Applied Blockchain | PairCorr |
Related Correlations Analysis
| 0.97 | 0.72 | 0.85 | 0.98 | 0.59 | VWAGY | ||
| 0.97 | 0.76 | 0.8 | 0.98 | 0.56 | POAHF | ||
| 0.72 | 0.76 | 0.65 | 0.76 | 0.42 | RACE | ||
| 0.85 | 0.8 | 0.65 | 0.82 | 0.4 | BMWYY | ||
| 0.98 | 0.98 | 0.76 | 0.82 | 0.55 | POAHY | ||
| 0.59 | 0.56 | 0.42 | 0.4 | 0.55 | STLA | ||
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Risk-Adjusted Indicators
There is a big difference between Bayerische Pink Sheet performing well and Bayerische Motoren 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 Bayerische Motoren'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VWAGY | 1.46 | (0.17) | 0.00 | 0.64 | 0.00 | 2.64 | 8.96 | |||
| POAHF | 1.92 | (0.17) | 0.00 | 0.41 | 0.00 | 3.66 | 11.47 | |||
| RACE | 1.12 | 0.01 | 0.00 | 0.10 | 0.00 | 2.56 | 10.98 | |||
| BMWYY | 1.55 | 0.03 | 0.00 | 0.04 | 0.00 | 2.95 | 12.90 | |||
| POAHY | 1.35 | (0.21) | 0.00 | 1.75 | 0.00 | 2.27 | 10.40 | |||
| STLA | 1.87 | (0.17) | 0.00 | (0.22) | 0.00 | 3.00 | 15.52 |
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Bayerische Motoren Corporate Management
| Joachim Post | Purchasing Management | Profile | |
| Andreas Liepe | G Counsel | Profile | |
| Alexander Bilgeri | Production, HR | Profile | |
| Frank Weber | Dev Management | Profile | |
| Veronika Rosler | Head Relations | Profile | |
| Pieter Nota | Member of the Management Board for Sales and Brand BMW, Aftersales BMW Group | Profile |