BLUELINX HLDGS Correlations

Stocks . Germany . 
Stock . BLUELINX HLDGS DL 01
FZG1 Stock  EUR 100.00  2.00  1.96%   
The current 90-days correlation between BLUELINX HLDGS DL and Geberit AG is -0.01 (i.e., Good diversification). The correlation of BLUELINX HLDGS 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.

BLUELINX HLDGS Correlation With Market

Average diversification

The correlation between BLUELINX HLDGS DL 01 and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BLUELINX HLDGS DL 01 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to BLUELINX HLDGS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BLUELINX HLDGS 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 BLUELINX HLDGS - 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 BLUELINX HLDGS DL 01 to buy it.

Moving together with BLUELINX Stock

  0.71HSJA HALSTEAD JAMES LSPairCorr
  0.75XTP Sino AGPairCorr
  0.8974F LIFE BANC SPLITPairCorr
  0.832WY Wyndham Hotels ResortsPairCorr
  0.7108 Sumitomo Rubber InduPairCorr
  0.8202B BlacklinePairCorr
  0.94FW2N BANNERPairCorr
  0.73UBK UMWELTBANKPairCorr
  0.89BMU Benchmark ElectronicsPairCorr
  0.77SYY SyscoPairCorr
  0.81GZ3 Yuexiu Transport InfPairCorr
  0.64CJH CanSino BiologicsPairCorr
  0.891N31 Newtek Business ServicesPairCorr
  0.95VIP Virtus InvestmentPairCorr
  0.75ZFI1 Zurich InsurancePairCorr
  0.8474G DIVIDEND GROWTH SPLITPairCorr
  0.717RD SWISS WATER DECAFFCOFFEEPairCorr

Moving against BLUELINX Stock

  0.79KRX Kingspan Group plcPairCorr
  0.72LFPB TRAVIS PERKINS LSPairCorr
  0.72RFC4 COPAUR MINERALS INCPairCorr
  0.650KJ ABERFORTH SMCOS TRLSPairCorr
  0.6SG9 Strix Group PlcPairCorr
  0.32DKIA DAIKIN INDUSTRUNSPADRPairCorr

Related Correlations Analysis

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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   
FZG1
+ 0.71
HSJA
LFPB
+ 0.58
4PN
LFPB
+ 0.55
DKIA
FZG1
+ 0.55
72T
4PN
+ 0.49
DKIA
GBRF
+ 0.47
DKIA
  
High negative correlations   
FZG1
- 0.72
LFPB
LFPB
- 0.64
72T
HSJA
- 0.56
LFPB
HSJA
- 0.39
DKIA
5IW
- 0.35
4PN
72T
- 0.32
4PN

Risk-Adjusted Indicators

There is a big difference between BLUELINX Stock performing well and BLUELINX HLDGS 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 BLUELINX HLDGS'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in BLUELINX HLDGS 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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BLUELINX HLDGS Corporate Management

Elected by the shareholders, the BLUELINX HLDGS's board of directors comprises two types of representatives: BLUELINX HLDGS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BLUELINX. The board's role is to monitor BLUELINX HLDGS's management team and ensure that shareholders' interests are well served. BLUELINX HLDGS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BLUELINX HLDGS's outside directors are responsible for providing unbiased perspectives on the board's policies.
J SmithIndependent DirectorProfile
Justin HeinemanVice President General Counsel, Corporate SecretaryProfile
Karel CzandernaIndependent DirectorProfile
Dominic DiNapoliIndependent DirectorProfile
Kim FennebresqueLead Independent Non-Executive Chairman of the BoardProfile
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