Babcock Wilcox Correlations

BWSN Stock

USD 22.90 0.22 0.95%

The current 90-days correlation between Babcock Wilcox Enter and B Riley Financial is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Babcock Wilcox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Babcock Wilcox Enterprises, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Babcock Wilcox Correlation With Market

Average diversification

The correlation between Babcock Wilcox Enterprises, 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 Babcock Wilcox Enterprises, and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Babcock Wilcox Enterprises,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Babcock Stock

0.67	CR	Crane Company	Pair Corr
0.62	PH	Parker Hannifin	Pair Corr
0.71	ACU	Acme United	Pair Corr
0.64	CRH	CRH PLC ADR	Pair Corr
0.68	GFF	Griffon	Pair Corr
0.74	MWA	Mueller Water Products	Pair Corr
0.86	SKY	Skyline	Pair Corr
0.62	SSD	Simpson Manufacturing	Pair Corr
0.64	WTS	Watts Water Technologies	Pair Corr
0.69	HLMN	Hillman Solutions Corp	Pair Corr

Moving against Babcock Stock

0.51

HIHO

Highway Holdings

Pair Corr

Related Correlations Analysis

	HROWL	BWNB	RILYT	RILYO	ECCX
HROWL		0.32	0.28	0.0	0.9	HROWL
BWNB	0.32		0.43	0.0	0.4	BWNB
RILYT	0.28	0.43		0.0	0.38	RILYT
RILYO	0.0	0.0	0.0		0.0	RILYO
ECCX	0.9	0.4	0.38	0.0		ECCX
	HROWL	BWNB	RILYT	RILYO	ECCX

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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

ECCX	+ 0.9	HROWL
RILYT	+ 0.43	BWNB
ECCX	+ 0.4	BWNB
ECCX	+ 0.38	RILYT
BWNB	+ 0.32	HROWL
RILYT	+ 0.28	HROWL

High negative correlations

ECCX	- 0.0	RILYO
RILYO	- 0.0	RILYT
RILYO	- 0.0	BWNB
RILYO	- 0.0	HROWL

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
HROWL	0.20	0.02	0.11	0.44	0.23	(0.27)	0.52	(0.35)	1.57
BWNB	1.41	(0.01)	0.01	(0.34)	1.86	(1.55)	3.41	(3.37)	8.35
RILYT	3.19	0.57	0.18	0.36	2.80	(3.80)	9.11	(5.18)	16.74
RILYO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECCX	0.33	0.04	0.12	0.24	0.31	(0.36)	0.74	(0.69)	1.66

Babcock Wilcox Corporate Management

Rebecca Stahl	Independent Director	Profile
Philip Moeller	Independent Director	Profile
Robert Caruso	Chief Implementation Officer	Profile
Henry Bartoli	Director	Profile

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