Boeing Correlations

BCO Stock

167.48 10.04 6.38%

The current 90-days correlation between Boeing and OAKTRSPECLENDNEW is -0.17 (i.e., Good diversification). The correlation of Boeing 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Boeing Correlation With Market

Modest diversification

The correlation between The Boeing and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Boeing and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Boeing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boeing 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 Boeing - 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 Boeing to buy it.

Moving together with Boeing Stock

0.94	BCO	Boeing	Pair Corr
0.65	KBIA	KB Financial Group	Pair Corr

Moving against Boeing Stock

0.78	VVDH	Veolia Environnement	Pair Corr
0.4	CJH	CanSino Biologics	Pair Corr
0.33	DBPE	Xtrackers LevDAX	Pair Corr

Related Correlations Analysis

	FFC0	3FNA	SZL	I43	XY81	0B51	KLU1
FFC0		0.25	0.11	-0.37	0.42	-0.22	0.33	FFC0
3FNA	0.25		-0.33	0.24	0.23	0.26	0.04	3FNA
SZL	0.11	-0.33		-0.69	0.29	-0.63	0.59	SZL
I43	-0.37	0.24	-0.69		0.04	0.77	-0.69	I43
XY81	0.42	0.23	0.29	0.04		0.27	0.0	XY81
0B51	-0.22	0.26	-0.63	0.77	0.27		-0.74	0B51
KLU1	0.33	0.04	0.59	-0.69	0.0	-0.74		KLU1
	FFC0	3FNA	SZL	I43	XY81	0B51	KLU1

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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

0B51	+ 0.77	I43
KLU1	+ 0.59	SZL
XY81	+ 0.42	FFC0
KLU1	+ 0.33	FFC0
XY81	+ 0.29	SZL
0B51	+ 0.27	XY81

High negative correlations

KLU1	- 0.74	0B51
KLU1	- 0.69	I43
I43	- 0.69	SZL
0B51	- 0.63	SZL
I43	- 0.37	FFC0
SZL	- 0.33	3FNA

Risk-Adjusted Indicators

There is a big difference between Boeing Stock performing well and Boeing 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 Boeing'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
FFC0	0.91	(0.02)	0.05	0.04	1.30	(0.87)	1.77	(1.90)	5.37
3FNA	3.43	0.17	0.05	(2.58)	3.96	(4.23)	9.60	(7.35)	22.54
SZL	1.52	(0.03)	0.00	(0.59)	0.00	0.00	4.05	(3.21)	10.11
I43	1.73	0.34	0.20	(0.94)	1.87	(2.00)	4.07	(3.61)	18.36
XY81	1.66	0.20	0.16	(0.60)	1.65	(2.13)	4.48	(3.24)	10.48
0B51	2.98	1.01	0.23	(2.18)	1.85	(7.21)	9.52	(4.55)	31.50
KLU1	1.62	(0.20)	0.00	0.53	0.00	0.00	2.63	(3.62)	9.17

Be your own money manager

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

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

David Calhoun	CEO Pres	Profile
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