Boston Beer Correlations

Stocks . Germany . 
Stock . The Boston Beer
BBEA Stock  EUR 233.20  0.80  0.34%   
The current 90-days correlation between Boston Beer and United States Steel is -0.39 (i.e., Very good 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

Significant diversification

The correlation between The Boston Beer and DJI is 0.05 (i.e., Significant 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

  0.62AMNA Ambev SAPairCorr
  0.67KIR Kirin HoldingsPairCorr
  0.83PJM PT Bumi Resources Earnings Call This WeekPairCorr
  0.74BZG2 PT Bank CentralPairCorr

Moving against Boston Stock

  0.93C6T China Construction BankPairCorr
  0.77NVPJ TMBThanachart Bank PublicPairCorr
  0.777TG TRISTAR GOLDPairCorr
  0.74ICK Industrial and CommercialPairCorr
  0.74690D Haier Smart HomePairCorr
  0.62CBGB Carlsberg ASPairCorr
  0.6PJFB PICO FAR EASTPairCorr
  0.54IBM International BusinessPairCorr
  0.51ABW Asahi Group HoldingsPairCorr
  0.48CBGA Carlsberg A/SPairCorr
  0.454H5 Heineken HoldingPairCorr
  0.45SQE Strategic EducationPairCorr
  0.42AS7 ANTA Sports ProductsPairCorr
  0.41HEN1 HENKEL AGCOKGAA VZPairCorr
  0.38KGHA KGHM Polska MiedzPairCorr
  0.34ISHA INTERSHOP CommunicationsPairCorr
  0.32HNK1 Heineken NVPairCorr

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   
0NH
+ 0.77
NPS
NPS
+ 0.66
USX1
0NH
+ 0.53
USX1
YM9A
+ 0.49
NPS
YM9A
+ 0.38
USX1
FWQ
+ 0.28
USX1
  
High negative correlations   
DHR
- 0.75
USX1
YM9A
- 0.55
DHR
DHR
- 0.53
NPS
DHR
- 0.23
0NH
FWQ
- 0.16
YM9A
4KH
- 0.0
FWQ

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.
Frank SmallaCFO TreasurerProfile
Lesya LysyjChief OfficerProfile
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David BurwickCEO PresProfile
John GeistChief OfficerProfile
James KochFounder ChairmanProfile
Samuel IIIBrewer FounderProfile
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