Boardwalktech Software Correlations
| BWLKF Stock | USD 0.09 0.02 21.82% |
The current 90-days correlation between Boardwalktech Software and Adcore Inc is 0.26 (i.e., Modest diversification). The correlation of Boardwalktech Software 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.
Boardwalktech Software Correlation With Market
Average diversification
The correlation between Boardwalktech Software Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boardwalktech Software Corp and DJI in the same portfolio, assuming nothing else is changed.
Boardwalktech |
The ability to find closely correlated positions to Boardwalktech Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boardwalktech Software 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 Boardwalktech Software - 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 Boardwalktech Software Corp to buy it.
Moving together with Boardwalktech OTC Stock
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Moving against Boardwalktech OTC Stock
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| 0.61 | HYMTF | Hyundai Motor | PairCorr |
| 0.59 | SHG | Shinhan Financial | PairCorr |
| 0.53 | VFSWW | VinFast Auto | PairCorr |
| 0.38 | WF | Woori Financial Group | PairCorr |
| 0.34 | TCHH | Trustcash Holdings | PairCorr |
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.7 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | JNJ | Johnson Johnson Sell-off Trend | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Boardwalktech OTC Stock performing well and Boardwalktech Software OTC Stock 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 Boardwalktech Software'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADCOF | 1.80 | (0.02) | 0.00 | 0.14 | 0.00 | 7.69 | 15.48 | |||
| MAPPF | 3.10 | (0.56) | 0.00 | (1.33) | 0.00 | 9.09 | 29.12 | |||
| DPSIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ROWKF | 25.49 | 8.28 | 0.00 | 0.51 | 0.00 | 0.00 | 852.38 | |||
| MYZQF | 1.33 | 0.01 | 0.00 | 0.12 | 0.00 | 0.00 | 56.24 | |||
| URLOF | 2.87 | 0.87 | 0.12 | (0.71) | 2.41 | 8.00 | 21.97 | |||
| INXSF | 3.05 | 0.46 | 0.06 | 0.61 | 3.12 | 7.41 | 55.13 | |||
| BAINF | 1.19 | (0.10) | 0.00 | 1.31 | 0.00 | 2.99 | 26.74 | |||
| CMDXF | 1.54 | (0.44) | 0.00 | (0.36) | 0.00 | 3.42 | 15.38 | |||
| BBRDF | 1.79 | 0.95 | 0.00 | (2.08) | 0.00 | 0.00 | 60.00 |
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Our tools can tell you how much better you can do entering a position in Boardwalktech Software 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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