Business Development Correlations
| BDVC Stock | USD 10.01 0.00 0.00% |
The current 90-days correlation between Business Development Corp and Allegiant Travel is -0.24 (i.e., Very good diversification). The correlation of Business Development 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.
Business Development Correlation With Market
Significant diversification
The correlation between Business Development Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Business Development Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Business Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Business Development 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 Business Development - 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 Business Development Corp to buy it.
Moving together with Business Pink Sheet
Moving against Business Pink Sheet
| 0.47 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.47 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.34 | PFE | Pfizer Inc Aggressive Push | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Business Pink Sheet performing well and Business Development 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 Business Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPA | 1.49 | (0.03) | 0.00 | (0.04) | 0.00 | 3.72 | 17.31 | |||
| UAL | 1.96 | 0.97 | 0.53 | (39.08) | 1.06 | 6.47 | 16.69 | |||
| DAL | 1.74 | 0.47 | 0.26 | (2.70) | 1.35 | 4.11 | 10.43 | |||
| SKYW | 1.44 | 0.40 | 0.25 | 0.85 | 1.29 | 3.80 | 11.12 | |||
| ALGT | 2.69 | 1.12 | 0.41 | 4.95 | 2.00 | 6.22 | 16.10 |
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Business Development Corporate Management
| David Manlowe | Managing Director | Profile | |
| Kevin Boler | Managing Director | Profile | |
| Alexander Clarke | Managing Director | Profile | |
| Leeor Avigdor | Managing Devel | Profile | |
| Nina CPA | CFO MD | Profile | |
| Franklin Leong | Managing Director | Profile | |
| Brent Buckley | Managing Director | Profile |