Boise Cascad Correlations

BCC Stock

USD 96.15 3.44 3.71%

The current 90-days correlation between Boise Cascad Llc and Eagle Materials is 0.75 (i.e., Poor diversification). The correlation of Boise Cascad 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.

Boise Cascad Correlation With Market

Poor diversification

The correlation between Boise Cascad Llc and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boise Cascad Llc and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boise Cascad Llc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Boise Stock

0.7	CX	Cemex SAB de	Pair Corr
0.73	CRH	CRH PLC ADR	Pair Corr
0.89	EXP	Eagle Materials	Pair Corr
0.72	GRO	Brazil Potash Corp	Pair Corr
0.73	JHX	James Hardie Industries	Pair Corr
0.84	KNF	Knife River	Pair Corr
0.65	MLM	Martin Marietta Materials	Pair Corr
0.74	VMC	Vulcan Materials	Pair Corr
0.93	ZJK	ZJK Industrial Co,	Pair Corr
0.87	SMID	Smith Midland Corp	Pair Corr
0.67	TGLS	Tecnoglass Earnings Call This Week	Pair Corr
0.69	TTAM	Titan America SA	Pair Corr
0.64	LOMA	Loma Negra Compania Earnings Call This Week	Pair Corr
0.88	USLM	United States Lime	Pair Corr
0.72	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.93	CC	Chemours	Pair Corr
0.85	CE	Celanese Earnings Call This Week	Pair Corr
0.8	CF	CF Industries Holdings	Pair Corr
0.92	EU	enCore Energy Corp Earnings Call This Week	Pair Corr
0.94	FF	FutureFuel Corp Earnings Call This Week	Pair Corr
0.82	NX	Quanex Building Products	Pair Corr
0.97	OC	Owens Corning	Pair Corr

Moving against Boise Stock

0.58	AU	AngloGold Ashanti plc	Pair Corr
0.51	X	United States Steel	Pair Corr
0.37	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.64	NC	NACCO Industries	Pair Corr
0.46	OR	Osisko Gold Ro Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EXP	CPAC	JHX	USLM	VMC	LOMA	CRH	MLM	MCEM
EXP		0.36	0.43	0.9	0.89	0.68	0.61	0.85	0.05	EXP
CPAC	0.36		0.66	0.29	0.14	0.39	0.59	0.05	-0.28	CPAC
JHX	0.43	0.66		0.56	0.35	0.41	0.84	0.24	-0.04	JHX
USLM	0.9	0.29	0.56		0.9	0.73	0.69	0.87	0.17	USLM
VMC	0.89	0.14	0.35	0.9		0.7	0.6	0.95	0.39	VMC
LOMA	0.68	0.39	0.41	0.73	0.7		0.61	0.74	0.36	LOMA
CRH	0.61	0.59	0.84	0.69	0.6	0.61		0.49	0.22	CRH
MLM	0.85	0.05	0.24	0.87	0.95	0.74	0.49		0.43	MLM
MCEM	0.05	-0.28	-0.04	0.17	0.39	0.36	0.22	0.43		MCEM
	EXP	CPAC	JHX	USLM	VMC	LOMA	CRH	MLM	MCEM

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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

MLM	+ 0.95	VMC
USLM	+ 0.9	EXP
VMC	+ 0.9	USLM
VMC	+ 0.89	EXP
MLM	+ 0.87	USLM
MLM	+ 0.85	EXP

High negative correlations

MCEM	- 0.28	CPAC
MCEM	- 0.04	JHX

Risk-Adjusted Indicators

There is a big difference between Boise Stock performing well and Boise Cascad 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 Boise Cascad'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
EXP	1.85	0.02	0.00	(0.09)	0.00	0.00	3.35	(3.76)	13.19
CPAC	1.29	(0.13)	0.00	1.09	0.00	0.00	2.85	(3.39)	9.71
JHX	2.43	(0.26)	0.00	(0.31)	0.00	0.00	4.49	(7.53)	22.39
USLM	2.19	0.00	0.00	(0.11)	0.00	0.00	4.80	(4.86)	13.76
VMC	1.58	0.08	0.05	(0.01)	2.05	(1.53)	2.85	(2.85)	8.96
LOMA	3.05	0.13	0.00	(0.02)	0.00	0.00	8.17	(6.28)	18.15
CRH	2.30	0.22	0.05	0.04	3.04	(2.17)	3.99	(4.34)	17.28
MLM	1.47	0.10	0.07	0.01	1.67	(1.58)	3.40	(2.86)	8.29
MCEM	0.84	0.17	0.26	0.88	0.74	(0.98)	2.51	(1.36)	4.97

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