Babcock Wilcox Correlations

BWSN Stock

USD 21.45 0.46 2.19%

The current 90-days correlation between Babcock Wilcox Enter and B Riley Financial is 0.26 (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.

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

0.62

SKY

Skyline

Pair Corr

Moving against Babcock Stock

0.48	HIHO	Highway Holdings	Pair Corr
0.39	LCUT	Lifetime Brands	Pair Corr
0.31	OFLX	Omega Flex	Pair Corr

Related Correlations Analysis

	HROWL	BWNB	RILYT	RILYO	ECCX
HROWL		0.27	0.57	0.0	0.79	HROWL
BWNB	0.27		0.11	0.0	0.01	BWNB
RILYT	0.57	0.11		0.0	0.66	RILYT
RILYO	0.0	0.0	0.0		0.0	RILYO
ECCX	0.79	0.01	0.66	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	+ 0.79	HROWL
ECCX	+ 0.66	RILYT
RILYT	+ 0.57	HROWL
BWNB	+ 0.27	HROWL
RILYT	+ 0.11	BWNB
ECCX	+ 0.01	BWNB

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	0.24	0.02	0.05	1.19	0.25	(0.33)	0.59	(0.40)	1.37
BWNB	1.44	(0.15)	0.00	(5.23)	0.00	0.00	3.43	(3.34)	8.32
RILYT	3.09	0.18	0.06	0.22	3.18	(3.97)	9.11	(5.18)	22.83
RILYO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ECCX	0.42	0.06	0.09	(0.60)	0.39	(0.46)	0.78	(0.75)	3.69

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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