Bayerische Motoren Correlations

BYMOF Stock

USD 67.80 0.00 0.00%

The correlation of Bayerische Motoren 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.

The ability to find closely correlated positions to Bayerische Motoren could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bayerische Motoren 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 Bayerische Motoren - 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 Bayerische Motoren Werke to buy it.

Related Correlations Analysis

	BMWYY	HNDAF	VLKPF	VLKAF	BAMXF	YAMHF	TOYOF	POAHF	VWAPY	MBGYY
BMWYY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BMWYY
HNDAF	0.0		0.29	0.37	0.29	-0.32	0.71	0.35	0.37	0.3	HNDAF
VLKPF	0.0	0.29		0.95	0.83	-0.48	-0.06	0.87	0.96	0.9	VLKPF
VLKAF	0.0	0.37	0.95		0.84	-0.5	0.0	0.91	0.99	0.96	VLKAF
BAMXF	0.0	0.29	0.83	0.84		-0.3	0.0	0.78	0.85	0.8	BAMXF
YAMHF	0.0	-0.32	-0.48	-0.5	-0.3		-0.08	-0.52	-0.49	-0.59	YAMHF
TOYOF	0.0	0.71	-0.06	0.0	0.0	-0.08		0.08	0.02	-0.04	TOYOF
POAHF	0.0	0.35	0.87	0.91	0.78	-0.52	0.08		0.91	0.89	POAHF
VWAPY	0.0	0.37	0.96	0.99	0.85	-0.49	0.02	0.91		0.96	VWAPY
MBGYY	0.0	0.3	0.9	0.96	0.8	-0.59	-0.04	0.89	0.96		MBGYY
	BMWYY	HNDAF	VLKPF	VLKAF	BAMXF	YAMHF	TOYOF	POAHF	VWAPY	MBGYY

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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

VWAPY	+ 0.99	VLKAF
VWAPY	+ 0.96	VLKPF
MBGYY	+ 0.96	VLKAF
MBGYY	+ 0.96	VWAPY
VLKAF	+ 0.95	VLKPF
POAHF	+ 0.91	VLKAF

High negative correlations

MBGYY	- 0.59	YAMHF
POAHF	- 0.52	YAMHF
YAMHF	- 0.5	VLKAF
VWAPY	- 0.49	YAMHF
YAMHF	- 0.48	VLKPF
YAMHF	- 0.32	HNDAF

Risk-Adjusted Indicators

There is a big difference between Bayerische Pink Sheet performing well and Bayerische Motoren 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 Bayerische Motoren'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
BMWYY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HNDAF	2.05	0.29	0.10	0.79	2.43	(2.55)	5.76	(4.96)	15.94
VLKPF	2.50	0.31	0.09	(9.55)	2.81	(2.94)	6.16	(5.76)	16.29
VLKAF	1.62	0.30	0.15	0.53	1.61	(1.72)	4.41	(2.96)	8.86
BAMXF	1.87	0.08	0.03	(0.19)	2.34	(2.38)	4.37	(4.08)	10.96
YAMHF	1.22	(0.10)	0.00	0.46	0.00	0.00	2.91	(3.08)	12.15
TOYOF	1.62	0.17	0.09	0.34	1.76	(1.91)	3.57	(3.24)	14.04
POAHF	1.83	0.15	0.05	0.29	2.41	(1.89)	4.08	(4.67)	10.31
VWAPY	1.39	0.30	0.15	0.81	1.61	(1.54)	3.37	(2.93)	9.34
MBGYY	1.28	0.18	0.10	0.37	1.40	(1.29)	3.02	(2.35)	8.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bayerische Motoren 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.

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Bayerische Motoren Corporate Management

Joachim Post	Purchasing Management	Profile
Andreas Liepe	G Counsel	Profile
Alexander Bilgeri	Production, HR	Profile
Frank Weber	Dev Management	Profile
Veronika Rosler	Head Relations	Profile
Pieter Nota	Member of the Management Board for Sales and Brand BMW, Aftersales BMW Group	Profile

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