Boise Cascade Correlations

BC0 Stock  EUR 117.55  3.65  3.01%   
The current 90-days correlation between Boise Cascade and Svenska Cellulosa Aktiebolaget is 0.09 (i.e., Significant diversification). The correlation of Boise Cascade 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.

Boise Cascade Correlation With Market

Weak diversification

The correlation between Boise Cascade and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boise Cascade and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Boise Cascade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boise Cascade 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 Boise Cascade - 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 Boise Cascade to buy it.

Moving together with Boise Stock

  0.63WFC West Fraser TimberPairCorr
  0.9UF3 UFP IndustriesPairCorr
  0.62RA6 RayonierPairCorr
  0.65NKC CanforPairCorr
  0.68P5F Performance FoodPairCorr
  0.7EM4 EMCOR GroupPairCorr
  0.61CIS Cisco SystemsPairCorr
  0.77ALS AllstatePairCorr
  0.63TLX Talanx AGPairCorr
  0.7674F LIFE BANC SPLITPairCorr
  0.64QCH COMPUTERSHAREPairCorr
  0.64QCH Computershare LimitedPairCorr
  0.744JP Japan Post InsurancePairCorr

Moving against Boise Stock

  0.5497S STELLA JONES INCPairCorr
  0.374Y7 PLATO GOLD PPairCorr
  0.3703F IDP EDUCATION LTDPairCorr

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   
SCA1SCA
SCASCA
SCA1SCA
BC0UF3
AS497S
NKCWFC
  
High negative correlations   
97SBC0
97SUF3
AS4BC0
BC0SCA1
BC0SCA
BC0SCA

Risk-Adjusted Indicators

There is a big difference between Boise Stock performing well and Boise Cascade 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 Boise Cascade'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SCA  1.17 (0.14) 0.00 (2.26) 0.00 
 2.67 
 7.60 
SCA  1.08 (0.10) 0.00 (0.62) 0.00 
 1.89 
 8.59 
SCA1  1.11 (0.14) 0.00  0.51  0.00 
 2.05 
 7.12 
WFC  1.17 (0.06) 0.00 (0.10) 0.00 
 2.75 
 8.87 
UF3  1.44 (0.15) 0.00 (0.08) 0.00 
 3.95 
 10.37 
RA6  0.94 (0.07) 0.00 (1.00) 0.00 
 2.12 
 5.22 
BC0  1.55 (0.14) 0.00 (0.14) 0.00 
 3.42 
 13.43 
NKC  1.42 (0.11) 0.00 (0.36) 0.00 
 2.80 
 9.89 
97S  1.79 (0.30) 0.00  0.88  0.00 
 4.68 
 14.25 
AS4  0.69 (0.18) 0.00 (0.99) 0.00 
 1.25 
 4.40 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boise Cascade 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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Boise Cascade Corporate Management

Elected by the shareholders, the Boise Cascade's board of directors comprises two types of representatives: Boise Cascade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boise. The board's role is to monitor Boise Cascade's management team and ensure that shareholders' interests are well served. Boise Cascade'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, Boise Cascade's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas HoffmannBuilding PurchasingProfile
Nathan JorgensenCEO DirectorProfile
Chris SeymourVP ProductsProfile
Dean BrownEx DivisionProfile
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Jeff StromEx DistributionProfile