BMTC Correlations
| GBT Stock | CAD 13.84 0.05 0.36% |
The current 90-days correlation between BMTC Group and TWC Enterprises is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BMTC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BMTC Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
BMTC Correlation With Market
Significant diversification
The correlation between BMTC Group and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BMTC Group and DJI in the same portfolio, assuming nothing else is changed.
BMTC |
The ability to find closely correlated positions to BMTC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BMTC 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 BMTC - 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 BMTC Group to buy it.
Moving together with BMTC Stock
| 0.92 | ELF-PH | E L Financial | PairCorr |
| 0.93 | FFH | Fairfax Financial Earnings Call This Week | PairCorr |
| 0.88 | FFH-PJ | Fairfax Financial Earnings Call This Week | PairCorr |
| 0.91 | FFH-PH | Fairfax Financial Earnings Call This Week | PairCorr |
| 0.86 | FFH-PG | Fairfax Fin Hld Earnings Call This Week | PairCorr |
Moving against BMTC Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between BMTC Stock performing well and BMTC 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 BMTC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNF | 1.32 | 0.30 | 0.07 | 2.89 | 1.31 | 2.57 | 10.22 | |||
| LAS-A | 1.67 | 0.00 | (0.07) | 0.22 | 1.89 | 3.51 | 14.48 | |||
| TWC | 0.84 | 0.47 | 0.21 | (4.26) | 0.00 | 2.05 | 9.61 | |||
| SXP | 1.84 | 0.21 | 0.00 | (8.80) | 1.79 | 4.65 | 15.29 | |||
| DRX | 3.14 | 0.95 | 0.38 | 2.99 | 1.64 | 6.96 | 33.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BMTC 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.Did you try this?
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