Big 5 Correlations

Stocks . Germany . 
Stock . Big 5 Sporting
BG3 Stock  EUR 0.79  0.01  1.25%   
The current 90-days correlation between Big 5 Sporting and Stag Industrial is -0.02 (i.e., Good diversification). The correlation of Big 5 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.

Big 5 Correlation With Market

Average diversification

The correlation between Big 5 Sporting and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big 5 Sporting and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Big 5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big 5 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 Big 5 - 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 Big 5 Sporting to buy it.

Moving together with Big Stock

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Moving against Big Stock

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  0.54OM6 OReilly AutomotivePairCorr
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  0.44GPT Genuine PartsPairCorr
  0.92RHM Rheinmetall AGPairCorr
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  0.85DBPE Xtrackers LevDAXPairCorr
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  0.78STD STANDARD CHARTEREDPairCorr
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  0.72AV6 AvistaPairCorr
  0.7WY8 Universal Health RealtyPairCorr
  0.69CJH CanSino BiologicsPairCorr
  0.68E908 Lyxor 1PairCorr
  0.66LBL KAROON GAS AUSTPairCorr
  0.51CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.41T77 LendingTreePairCorr
  0.39ENI Eni SpAPairCorr
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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   
B3BN
+ 1.0
GM6
5UM
+ 0.72
WCLA
COP
+ 0.68
WCLA
COP
+ 0.55
5UM
WCLA
+ 0.53
SW6
5UM
+ 0.35
SW6
  
High negative correlations   
COP
- 0.67
EA1
PCHP
- 0.65
WCLA
COP
- 0.55
PCHP
5UM
- 0.5
EA1
EA1
- 0.47
WCLA
5UM
- 0.44
PCHP

Risk-Adjusted Indicators

There is a big difference between Big Stock performing well and Big 5 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 Big 5'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 Big 5 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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Big 5 Corporate Management

Elected by the shareholders, the Big 5's board of directors comprises two types of representatives: Big 5 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Big. The board's role is to monitor Big 5's management team and ensure that shareholders' interests are well served. Big 5'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, Big 5's outside directors are responsible for providing unbiased perspectives on the board's policies.
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Steven MillerPres ChairmanProfile
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