BSF Enterprise Correlations

BSFA Stock

2.95 0.20 6.35%

The current 90-days correlation between BSF Enterprise Plc and Fiinu PLC is 0.13 (i.e., Average diversification). The correlation of BSF Enterprise 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BSF Enterprise Correlation With Market

Significant diversification

The correlation between BSF Enterprise Plc and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BSF Enterprise Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BSF Stock

0.87	0NPL	Christian Dior SE	Pair Corr
0.93	IBT	International Biotechnology	Pair Corr
0.91	SMSN	Samsung Electronics	Pair Corr
0.65	EGL	Ecofin Global Utilities	Pair Corr
0.75	SBID	State Bank	Pair Corr
0.91	BC94	Samsung Electronics	Pair Corr
0.81	ARV	Artemis Resources	Pair Corr
0.76	CURY	Currys PLC	Pair Corr
0.85	0IFX	Electronic Arts	Pair Corr
0.75	SBID	State Bank	Pair Corr
0.74	0L4F	Sealed Air Corp	Pair Corr
0.86	SLP	Sylvania Platinum	Pair Corr
0.85	0R0U	Coeur Mining	Pair Corr
0.87	FDEV	Frontier Developments Plc	Pair Corr
0.88	RSW	Renishaw PLC	Pair Corr
0.72	VEIL	Vietnam Enterprise	Pair Corr
0.62	BRLA	BlackRock Latin American	Pair Corr
0.79	CRTM	Critical Metals Plc Split	Pair Corr
0.82	BHP	BHP Group Limited	Pair Corr
0.85	EWI	Edinburgh Worldwide	Pair Corr
0.83	CAPD	Capital Drilling	Pair Corr

Moving against BSF Stock

0.81	0RJ4	Uniper SE	Pair Corr
0.49	LSC	London Security Plc	Pair Corr
0.31	WHR	Warehouse REIT plc	Pair Corr

Related Correlations Analysis

	BANK	NEO	AFC	SAN	0R8Q	FVUB	0AAU	0A9G	IGSU	AGRU
BANK		0.0	-0.49	-0.54	-0.07	0.34	-0.55	-0.17	0.08	0.37	BANK
NEO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEO
AFC	-0.49	0.0		0.64	-0.27	-0.14	0.44	0.1	-0.08	-0.06	AFC
SAN	-0.54	0.0	0.64		-0.26	-0.27	0.61	0.17	-0.15	0.04	SAN
0R8Q	-0.07	0.0	-0.27	-0.26		0.27	-0.5	0.53	0.59	-0.47	0R8Q
FVUB	0.34	0.0	-0.14	-0.27	0.27		-0.82	0.53	0.82	0.08	FVUB
0AAU	-0.55	0.0	0.44	0.61	-0.5	-0.82		-0.39	-0.74	0.01	0AAU
0A9G	-0.17	0.0	0.1	0.17	0.53	0.53	-0.39		0.8	-0.33	0A9G
IGSU	0.08	0.0	-0.08	-0.15	0.59	0.82	-0.74	0.8		-0.18	IGSU
AGRU	0.37	0.0	-0.06	0.04	-0.47	0.08	0.01	-0.33	-0.18		AGRU
	BANK	NEO	AFC	SAN	0R8Q	FVUB	0AAU	0A9G	IGSU	AGRU

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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

IGSU	+ 0.82	FVUB
IGSU	+ 0.8	0A9G
SAN	+ 0.64	AFC
0AAU	+ 0.61	SAN
IGSU	+ 0.59	0R8Q
0A9G	+ 0.53	0R8Q

High negative correlations

0AAU	- 0.82	FVUB
IGSU	- 0.74	0AAU
0AAU	- 0.55	BANK
SAN	- 0.54	BANK
0AAU	- 0.5	0R8Q
AFC	- 0.49	BANK

Risk-Adjusted Indicators

There is a big difference between BSF Stock performing well and BSF Enterprise 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 BSF Enterprise'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
BANK	4.87	0.41	0.07	0.26	4.86	(7.50)	10.42	(8.96)	57.70
NEO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFC	2.09	(0.29)	0.00	(0.28)	0.00	0.00	4.92	(4.46)	13.52
SAN	0.14	(0.04)	0.00	(2.77)	0.00	0.00	0.45	(0.53)	1.55
0R8Q	1.06	0.15	0.05	(0.55)	1.49	(1.00)	2.23	(2.39)	8.25
FVUB	0.78	0.06	0.04	0.15	1.03	(0.84)	1.71	(1.29)	6.16
0AAU	1.97	(0.86)	0.00	(0.88)	0.00	0.00	2.56	(4.28)	34.90
0A9G	2.34	0.18	0.06	0.48	2.33	(2.97)	5.64	(4.12)	12.44
IGSU	0.48	0.06	0.06	0.15	0.52	(0.51)	1.17	(1.01)	2.74
AGRU	0.51	(0.03)	0.00	0.36	0.00	0.00	1.06	(1.19)	2.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in BSF Enterprise 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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