Bath Body Correlations

0JSC Stock   30.61  0.29  0.96%   
The current 90-days correlation between Bath Body Works and Dentsply Sirona is -0.03 (i.e., Good diversification). The correlation of Bath Body 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.

Bath Body Correlation With Market

Modest diversification

The correlation between Bath Body Works and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bath Body Works and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Bath Body could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bath Body 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 Bath Body - 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 Bath Body Works to buy it.

Moving together with Bath Stock

  0.66GROW Draper Esprit PLCPairCorr

Moving against Bath Stock

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  0.67SLP Sylvania PlatinumPairCorr
  0.62EMH European Metals HoldingsPairCorr
  0.62COD Compagnie de SaintPairCorr
  0.610NRN Grupo Catalana OccidentePairCorr
  0.58HSBK Halyk BankPairCorr
  0.46CLC Calculus VCT plcPairCorr
  0.450ROM Gestamp AutomocionPairCorr
  0.360J6X Teleperformance SEPairCorr
  0.33TOWN Town Centre SecuritiesPairCorr

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   
OPT0HRS
0HTG0HRS
TAMLIO
0I8FLIO
0I8FTAM
0I8FIEM
  
High negative correlations   
TAM0HRS
0I8FOPT
TAMOPT
0HTGLIO
0I8F0HRS
0HRSLIO

Risk-Adjusted Indicators

There is a big difference between Bath Stock performing well and Bath Body 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 Bath Body'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 Bath Body 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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Bath Body Corporate Management

Elected by the shareholders, the Bath Body's board of directors comprises two types of representatives: Bath Body inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bath. The board's role is to monitor Bath Body's management team and ensure that shareholders' interests are well served. Bath Body'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, Bath Body's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brian LeinbachExecutive CIOProfile
Thilina GunasingheChief OfficerProfile
Tom MazurekChief OperationsProfile
Edward RazekPres ServicesProfile
Heather HollanderVice RelationsProfile
Deon RileyNonExecutive OfficerProfile
Eva BorattoChief OfficerProfile