BNP Paribas Correlations
| ASRP Etf | 8.78 0.10 1.13% |
The current 90-days correlation between BNP Paribas Easy and UBS Fund Solutions is 0.3 (i.e., Weak diversification). The correlation of BNP Paribas 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.
BNP Paribas Correlation With Market
Very weak diversification
The correlation between BNP Paribas Easy and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNP Paribas Easy and DJI in the same portfolio, assuming nothing else is changed.
BNP |
The ability to find closely correlated positions to BNP Paribas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BNP Paribas 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 BNP Paribas - 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 BNP Paribas Easy to buy it.
Moving against BNP Etf
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
| High negative correlations
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BNP Paribas Competition Risk-Adjusted Indicators
There is a big difference between BNP Etf performing well and BNP Paribas ETF 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 BNP Paribas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.15 | 0.21 | 0.11 | 0.55 | 1.25 | 3.22 | 8.02 | |||
| MSFT | 0.84 | 0.02 | (0.01) | 0.12 | 1.45 | 1.83 | 8.14 | |||
| UBER | 1.83 | (0.28) | 0.00 | (0.13) | 0.00 | 2.69 | 20.41 | |||
| F | 1.39 | 0.01 | (0.03) | 0.13 | 2.12 | 2.53 | 11.21 | |||
| T | 0.97 | 0.15 | 0.06 | 2.52 | 1.02 | 2.36 | 6.74 | |||
| A | 1.22 | 0.00 | (0.04) | 0.09 | 1.46 | 2.71 | 9.02 | |||
| CRM | 1.47 | 0.40 | 0.29 | 0.38 | 1.04 | 3.59 | 13.87 | |||
| JPM | 1.01 | 0.08 | 0.13 | 0.13 | 0.94 | 1.73 | 15.87 | |||
| MRK | 0.96 | (0.20) | 0.00 | (0.82) | 0.00 | 2.00 | 5.18 | |||
| XOM | 0.89 | (0.02) | (0.07) | 0.02 | 1.18 | 1.83 | 6.06 |
BNP Paribas Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BNP Paribas etf to make a market-neutral strategy. Peer analysis of BNP Paribas could also be used in its relative valuation, which is a method of valuing BNP Paribas by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |