Babcock Wilcox Correlations
| BWNB Stock | USD 21.60 0.06 0.28% |
The current 90-days correlation between Babcock Wilcox Enter and SunOpta is 0.04 (i.e., Significant diversification). The correlation of Babcock Wilcox 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.
Babcock Wilcox Correlation With Market
Average diversification
The correlation between Babcock Wilcox Enterprises and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Babcock Wilcox Enterprises and DJI in the same portfolio, assuming nothing else is changed.
Babcock |
Moving together with Babcock Stock
| 0.72 | 688119 | Sinosteel Luonai Mat | PairCorr |
| 0.72 | 002671 | Shandong Longquan | PairCorr |
| 0.83 | EXP | Eagle Materials | PairCorr |
| 0.69 | MLM | Martin Marietta Materials | PairCorr |
| 0.62 | YECO | Yulong Eco Materials | PairCorr |
| 0.8 | 600449 | Ningxia Building Mat | PairCorr |
| 0.77 | TGLS | Tecnoglass | PairCorr |
| 0.97 | BWSN | Babcock Wilcox Enter | PairCorr |
| 0.61 | 000885 | City Development Env | PairCorr |
| 0.7 | FDS | FactSet Research Systems | PairCorr |
Moving against Babcock Stock
| 0.86 | QEPC | QEP Co Inc | PairCorr |
| 0.66 | RETO | ReTo Eco Solutions | PairCorr |
| 0.38 | JHX | James Hardie Industries | PairCorr |
| 0.34 | BIMI | Bimi International | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.5 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.5 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.44 | PG | Procter Gamble Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Babcock Stock performing well and Babcock Wilcox 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 Babcock Wilcox'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STKL | 2.47 | 0.23 | 0.11 | 0.26 | 2.42 | 4.49 | 25.87 | |||
| BTBD | 3.16 | (0.18) | 0.00 | (0.18) | 0.00 | 8.33 | 21.24 | |||
| SNDL | 1.94 | 0.09 | (0.02) | (0.14) | 3.01 | 3.86 | 24.46 | |||
| DENN | 2.58 | (0.07) | (0.01) | 0.07 | 3.78 | 6.40 | 26.32 | |||
| CAVA | 1.55 | 0.16 | 0.07 | 0.30 | 1.87 | 3.66 | 10.97 | |||
| MRRTY | 2.34 | 0.42 | 0.06 | (0.30) | 2.53 | 5.12 | 11.51 | |||
| YUM | 0.79 | (0.03) | (0.10) | 0.07 | 0.89 | 1.48 | 6.05 | |||
| CBRL | 2.59 | 0.32 | 0.15 | 0.33 | 2.25 | 6.19 | 13.37 |
Babcock Wilcox Corporate Management
| Rebecca Stahl | Independent Director | Profile | |
| Philip Moeller | Independent Director | Profile | |
| Robert Caruso | Chief Implementation Officer | Profile | |
| Henry Bartoli | Director | Profile |