Boston Beer Correlations

Stocks . Germany . 
Stock . The Boston Beer
BBEA Stock  EUR 199.60  8.40  4.04%   
The current 90-days correlation between Boston Beer and China Medical System is 0.14 (i.e., Average diversification). The correlation of Boston Beer 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.

Boston Beer Correlation With Market

Good diversification

The correlation between The Boston Beer and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Boston Beer and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Boston Beer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boston Beer 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 Boston Beer - 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 The Boston Beer to buy it.

Moving together with Boston Stock

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  0.67APC Apple IncPairCorr
  0.75MSF MicrosoftPairCorr
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  0.75MSF MicrosoftPairCorr
  0.75MSF MicrosoftPairCorr
  0.68J9I0 5E ADVANCED MATERIALS SplitPairCorr

Moving against Boston Stock

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  0.65ABW Asahi Group HoldingsPairCorr
  0.59CMW CHINA M SRVCS Earnings Call This WeekPairCorr
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  0.52FOMC FOMECONMEXSAB DCV UTSPairCorr
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  0.73KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.72ENI Eni SpAPairCorr
  0.71KEH CHINESE PEOPLE HLDGPairCorr
  0.68APM AD PEPPER MEDIAPairCorr
  0.67LBL KAROON GAS AUSTPairCorr
  0.58BSX BOSTON SCIENTIFICPairCorr
  0.57T77 LendingTreePairCorr

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   
2M7C
+ 0.67
4WO
9GY
+ 0.54
AQA
JMD
+ 0.52
5HJ
9GY
+ 0.51
JMD
AQA
+ 0.48
JMD
9GY
+ 0.38
5HJ
  
High negative correlations   
JMD
- 0.36
4WO
4WO
- 0.22
5HJ
2M7C
- 0.11
JMD
9GY
- 0.06
4WO

Risk-Adjusted Indicators

There is a big difference between Boston Stock performing well and Boston Beer 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 Boston Beer'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 Boston Beer 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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Boston Beer Corporate Management

Elected by the shareholders, the Boston Beer's board of directors comprises two types of representatives: Boston Beer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boston. The board's role is to monitor Boston Beer's management team and ensure that shareholders' interests are well served. Boston Beer'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, Boston Beer's outside directors are responsible for providing unbiased perspectives on the board's policies.
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