Bristol Myers Correlations
| BMYB34 Stock | BRL 342.80 3.41 0.98% |
The current 90-days correlation between Bristol Myers Squibb and Merck Co is -0.12 (i.e., Good diversification). The correlation of Bristol Myers 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.
Bristol |
The ability to find closely correlated positions to Bristol Myers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bristol Myers 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 Bristol Myers - 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 Bristol Myers Squibb to buy it.
Moving together with Bristol Stock
| 0.93 | GILD34 | Gilead Sciences | PairCorr |
| 0.95 | P2LT34 | Palantir Technologies | PairCorr |
| 0.69 | MAPT4 | Cemepe Investimentos | PairCorr |
| 0.68 | F1RA34 | F1RA34 | PairCorr |
| 0.94 | AXPB34 | American Express | PairCorr |
| 0.92 | WALM34 | Walmart | PairCorr |
| 0.95 | MSBR34 | Morgan Stanley | PairCorr |
| 0.89 | MRFG3 | Marfrig Global Foods | PairCorr |
| 0.79 | PSSA3 | Porto Seguro SA | PairCorr |
| 0.94 | VISA34 | Visa Inc | PairCorr |
| 0.8 | ACNB34 | Accenture plc | PairCorr |
| 0.95 | CAON34 | Capital One Financial | PairCorr |
| 0.61 | F1NI34 | Fidelity National | PairCorr |
| 0.76 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.93 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.91 | COWC34 | Costco Wholesale | PairCorr |
| 0.95 | A1TM34 | A1TM34 | PairCorr |
| 0.83 | CTKA3 | Karsten SA | PairCorr |
| 0.95 | SSFO34 | salesforce inc | PairCorr |
| 0.87 | JBSS3 | JBS SA | PairCorr |
| 0.8 | AAPL34 | Apple Inc | PairCorr |
| 0.89 | ABTT34 | Abbott Laboratories | PairCorr |
| 0.95 | HONB34 | Honeywell International | PairCorr |
Moving against Bristol Stock
| 0.85 | BIIB34 | Biogen Inc | PairCorr |
| 0.56 | ESTR4 | Manufatura de Brinquedos | PairCorr |
| 0.53 | PDGR3 | PDG Realty SA Split | PairCorr |
| 0.43 | OSXB3 | OSX Brasil SA | PairCorr |
Related Correlations Analysis
| 0.03 | -0.28 | -0.24 | 0.24 | MRCK34 | ||
| 0.03 | -0.09 | 0.02 | 0.17 | ABBV34 | ||
| -0.28 | -0.09 | 0.93 | -0.85 | BMYB34 | ||
| -0.24 | 0.02 | 0.93 | -0.79 | GILD34 | ||
| 0.24 | 0.17 | -0.85 | -0.79 | BIIB34 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bristol Stock performing well and Bristol Myers 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 Bristol Myers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRCK34 | 1.59 | (0.10) | 0.00 | 0.46 | 0.00 | 2.67 | 17.23 | |||
| ABBV34 | 1.51 | 0.04 | 0.01 | (0.71) | 2.49 | 3.29 | 15.14 | |||
| BMYB34 | 1.34 | 0.37 | 0.13 | 56.25 | 1.29 | 3.90 | 16.31 | |||
| GILD34 | 1.01 | 0.33 | 0.12 | 1.02 | 1.55 | 2.10 | 12.72 | |||
| BIIB34 | 0.99 | (0.31) | 0.00 | (4.07) | 0.00 | 1.55 | 11.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bristol Myers 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.Did you try this?
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Bristol Myers Corporate Management
Elected by the shareholders, the Bristol Myers' board of directors comprises two types of representatives: Bristol Myers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bristol. The board's role is to monitor Bristol Myers' management team and ensure that shareholders' interests are well served. Bristol Myers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bristol Myers' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jitendra Tyagi | Head India | Profile | |
| Cari Gallman | VP Officer | Profile | |
| David Elkins | Ex CFO | Profile | |
| BCH BM | Ex Devel | Profile | |
| Giovanni MD | Chairman CEO | Profile | |
| Greg Meyers | Ex Officer | Profile |