Boise Cascad Correlations

BCC Stock

USD 99.46 0.97 0.97%

The current 90-days correlation between Boise Cascad Llc and Eagle Materials is 0.1 (i.e., Average diversification). The correlation of Boise Cascad 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 Cascad Correlation With Market

Good diversification

The correlation between Boise Cascad Llc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boise Cascad Llc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boise Cascad Llc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Boise Stock

0.97	EXP	Eagle Materials	Pair Corr
0.65	JHX	James Hardie Industries	Pair Corr
0.91	KNF	Knife River	Pair Corr
0.94	MLM	Martin Marietta Materials	Pair Corr
0.92	VMC	Vulcan Materials	Pair Corr
0.75	LOMA	Loma Negra Compania	Pair Corr
0.82	SMID	Smith Midland Corp	Pair Corr
0.84	TGLS	Tecnoglass	Pair Corr
0.81	USLM	United States Lime	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.91	CC	Chemours Potential Growth	Pair Corr
0.83	CE	Celanese	Pair Corr
0.76	CF	CF Industries Holdings	Pair Corr
0.88	FF	FutureFuel Corp	Pair Corr
0.64	SA	Seabridge Gold Earnings Call This Week	Pair Corr
0.76	WS	Worthington Steel	Pair Corr
0.83	HYMCW	Hycroft Mining Holding	Pair Corr

Moving against Boise Stock

0.49	X	United States Steel	Pair Corr
0.39	AG	First Majestic Silver Aggressive Push	Pair Corr
0.73	MT	ArcelorMittal SA ADR	Pair Corr
0.65	DC	Dakota Gold Corp	Pair Corr
0.58	MP	MP Materials Corp	Pair Corr
0.53	AU	AngloGold Ashanti plc	Pair Corr
0.45	TX	Ternium SA ADR	Pair Corr
0.75	AGI	Alamos Gold	Pair Corr
0.61	AEM	Agnico Eagle Mines	Pair Corr
0.58	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.34	VZLA	Vizsla Resources Corp	Pair Corr

Related Correlations Analysis

	EXP	CPAC	JHX	USLM	VMC	LOMA	SUM	CRH	MLM	MCEM
EXP		0.08	0.65	0.78	0.96	0.7	-0.72	0.11	0.97	-0.44	EXP
CPAC	0.08		0.5	-0.31	0.12	-0.07	0.32	0.59	0.02	0.48	CPAC
JHX	0.65	0.5		0.24	0.64	0.2	-0.27	0.4	0.65	-0.02	JHX
USLM	0.78	-0.31	0.24		0.66	0.75	-0.87	-0.4	0.75	-0.82	USLM
VMC	0.96	0.12	0.64	0.66		0.62	-0.6	0.27	0.97	-0.29	VMC
LOMA	0.7	-0.07	0.2	0.75	0.62		-0.64	-0.22	0.64	-0.55	LOMA
SUM	-0.72	0.32	-0.27	-0.87	-0.6	-0.64		0.29	-0.68	0.66	SUM
CRH	0.11	0.59	0.4	-0.4	0.27	-0.22	0.29		0.12	0.7	CRH
MLM	0.97	0.02	0.65	0.75	0.97	0.64	-0.68	0.12		-0.45	MLM
MCEM	-0.44	0.48	-0.02	-0.82	-0.29	-0.55	0.66	0.7	-0.45		MCEM
	EXP	CPAC	JHX	USLM	VMC	LOMA	SUM	CRH	MLM	MCEM

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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

MLM	+ 0.97	EXP
MLM	+ 0.97	VMC
VMC	+ 0.96	EXP
USLM	+ 0.78	EXP
LOMA	+ 0.75	USLM
MLM	+ 0.75	USLM

High negative correlations

SUM	- 0.87	USLM
MCEM	- 0.82	USLM
SUM	- 0.72	EXP
MLM	- 0.68	SUM
SUM	- 0.64	LOMA
SUM	- 0.6	VMC

Risk-Adjusted Indicators

There is a big difference between Boise Stock performing well and Boise Cascad 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 Cascad'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EXP	1.36	(0.29)	0.00	(0.37)	0.00	0.00	2.25	(3.43)	7.34
CPAC	1.37	(0.04)	0.00	0.49	0.00	0.00	3.04	(2.90)	10.27
JHX	1.39	(0.17)	0.00	0.47	0.00	0.00	3.40	(3.29)	8.04
USLM	1.88	(0.58)	0.00	(0.51)	0.00	0.00	2.67	(5.51)	9.59
VMC	1.28	(0.16)	0.00	(0.26)	0.00	0.00	2.09	(2.85)	9.19
LOMA	2.52	(0.25)	0.00	0.30	0.00	0.00	5.19	(6.37)	13.80
SUM	0.58	0.17	0.31	(4.68)	0.34	(0.65)	1.54	(0.79)	9.88
CRH	1.55	0.09	0.03	0.00	2.11	(1.47)	3.30	(3.84)	10.53
MLM	1.13	(0.15)	0.00	(0.25)	0.00	0.00	2.63	(2.60)	6.66
MCEM	0.74	0.04	0.10	0.87	0.90	(0.81)	2.10	(1.44)	5.74

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