Badger Meter Correlations

33B Stock

EUR 209.60 2.00 0.95%

The current 90-days correlation between Badger Meter and Shenandoah Telecommunications is -0.16 (i.e., Good diversification). The correlation of Badger Meter 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.

Badger Meter Correlation With Market

Good diversification

The correlation between Badger Meter and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Badger Meter and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Badger Stock

0.76	NVAW	Delta Electronics Public Earnings Call This Week	Pair Corr
0.69	YEC0	YASKAWA ELEC UNSP	Pair Corr
0.7	49V	VERTIV HOLCL A	Pair Corr
0.76	OSR	OSRAM LICHT N	Pair Corr
0.78	MUM	MENSCH UND MASCHINE Earnings Call This Week	Pair Corr
0.85	DBPE	Xtrackers LevDAX	Pair Corr
0.82	E908	Lyxor 1	Pair Corr

Moving against Badger Stock

0.87	DBPD	Xtrackers ShortDAX	Pair Corr
0.33	BRYN	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	4SB	12P	SH9	1WT	55O1	HKT	1IZ1	WX7
4SB		-0.23	-0.55	-0.21	-0.08	-0.05	-0.15	-0.17	4SB
12P	-0.23		0.4	0.75	0.84	0.84	0.83	0.6	12P
SH9	-0.55	0.4		0.66	0.17	0.3	0.33	0.39	SH9
1WT	-0.21	0.75	0.66		0.63	0.7	0.8	0.49	1WT
55O1	-0.08	0.84	0.17	0.63		0.9	0.84	0.63	55O1
HKT	-0.05	0.84	0.3	0.7	0.9		0.83	0.69	HKT
1IZ1	-0.15	0.83	0.33	0.8	0.84	0.83		0.69	1IZ1
WX7	-0.17	0.6	0.39	0.49	0.63	0.69	0.69		WX7
	4SB	12P	SH9	1WT	55O1	HKT	1IZ1	WX7

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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

HKT	+ 0.9	55O1
55O1	+ 0.84	12P
HKT	+ 0.84	12P
1IZ1	+ 0.84	55O1
1IZ1	+ 0.83	12P
1IZ1	+ 0.83	HKT

High negative correlations

SH9	- 0.55	4SB
12P	- 0.23	4SB
1WT	- 0.21	4SB
WX7	- 0.17	4SB
1IZ1	- 0.15	4SB
55O1	- 0.08	4SB

Risk-Adjusted Indicators

There is a big difference between Badger Stock performing well and Badger Meter 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 Badger Meter'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
4SB	1.06	0.09	(0.08)	(0.04)	1.37	(1.20)	2.69	(2.14)	11.71
12P	1.29	0.19	0.06	0.77	1.34	(1.45)	3.62	(2.68)	9.60
SH9	1.91	0.20	0.02	2.81	2.64	(2.08)	4.62	(3.70)	11.54
1WT	1.77	0.73	0.25	(1.98)	1.59	(2.11)	4.44	(3.35)	11.65
55O1	1.12	0.24	0.06	(2.17)	1.00	(1.50)	2.78	(1.90)	7.59
HKT	0.96	0.21	0.04	(1.83)	0.76	(1.79)	1.67	(1.61)	5.11
1IZ1	0.97	0.25	0.19	0.99	0.48	(1.26)	2.37	(1.45)	6.27
WX7	0.93	0.07	(0.05)	(0.52)	1.05	(1.40)	2.49	(1.69)	6.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Badger Meter 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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