Concrete Pumping Correlations

BBCP Stock

USD 6.13 0.08 1.32%

The current 90-days correlation between Concrete Pumping Holdings and Journey Medical Corp is -0.06 (i.e., Good diversification). The correlation of Concrete Pumping 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.

Concrete Pumping Correlation With Market

Modest diversification

The correlation between Concrete Pumping Holdings and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concrete Pumping Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Concrete Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Concrete Pumping Holdings. 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 Concrete Stock

0.64	PPERF	Bank Mandiri Persero	Pair Corr
0.68	VZ	Verizon Communications	Pair Corr
0.68	BA	Boeing	Pair Corr
0.72	T	ATT Inc	Pair Corr
0.84	HD	Home Depot	Pair Corr

Moving against Concrete Stock

0.82	PTAIY	Astra International Tbk	Pair Corr
0.82	KO	Coca Cola Aggressive Push	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.75	BKRKF	PT Bank Rakyat	Pair Corr
0.73	MRK	Merck Company Aggressive Push	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.64	AXP	American Express	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.61	EC	Ecopetrol SA ADR	Pair Corr
0.59	IBM	International Business	Pair Corr
0.5	INTC	Intel Aggressive Push	Pair Corr
0.46	GE	GE Aerospace	Pair Corr
0.41	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.37	BAC	Bank of America	Pair Corr
0.34	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.32	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	UNHLF	DERM	BNL	MMSI	DMAA	ADLI	PROF	RKGXF
UNHLF		0.0	0.0	0.0	0.0	1.0	0.0	0.0	UNHLF
DERM	0.0		-0.17	0.2	0.56	0.0	0.5	0.41	DERM
BNL	0.0	-0.17		0.01	0.06	0.0	-0.02	0.06	BNL
MMSI	0.0	0.2	0.01		-0.04	0.0	-0.33	-0.48	MMSI
DMAA	0.0	0.56	0.06	-0.04		0.0	0.59	0.62	DMAA
ADLI	1.0	0.0	0.0	0.0	0.0		0.0	0.0	ADLI
PROF	0.0	0.5	-0.02	-0.33	0.59	0.0		0.84	PROF
RKGXF	0.0	0.41	0.06	-0.48	0.62	0.0	0.84		RKGXF
	UNHLF	DERM	BNL	MMSI	DMAA	ADLI	PROF	RKGXF

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

ADLI	+ 1.0	UNHLF
RKGXF	+ 0.84	PROF
RKGXF	+ 0.62	DMAA
PROF	+ 0.59	DMAA
DMAA	+ 0.56	DERM
PROF	+ 0.5	DERM

High negative correlations

RKGXF	- 0.48	MMSI
PROF	- 0.33	MMSI
BNL	- 0.17	DERM
DMAA	- 0.04	MMSI
PROF	- 0.02	BNL
RKGXF	- 0.0	ADLI

Risk-Adjusted Indicators

There is a big difference between Concrete Stock performing well and Concrete Pumping 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 Concrete Pumping'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
UNHLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DERM	2.29	0.05	0.02	0.06	3.58	(2.31)	4.93	(4.13)	22.82
BNL	0.80	0.03	0.01	0.08	1.02	(0.80)	1.71	(1.44)	5.87
MMSI	1.30	(0.05)	0.00	(0.03)	0.00	0.00	2.29	(3.13)	8.06
DMAA	0.12	0.00	(0.07)	(0.12)	0.06	(0.18)	0.29	(0.29)	0.88
ADLI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PROF	3.32	0.53	0.13	(0.37)	3.30	(4.13)	7.87	(5.69)	29.14
RKGXF	0.38	0.20	0.00	(0.34)	0.00	0.00	0.00	0.00	12.50

Concrete Pumping Corporate Executives

Elected by the shareholders, the Concrete Pumping's board of directors comprises two types of representatives: Concrete Pumping inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Concrete. The board's role is to monitor Concrete Pumping's management team and ensure that shareholders' interests are well served. Concrete Pumping's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Concrete Pumping's outside directors are responsible for providing unbiased perspectives on the board's policies.

Iain Humphries

Secretary CFO

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