Boise Cascade Correlations

Stocks . Germany . 
Stock . Boise Cascade
BC0 Stock  EUR 71.26  2.66  3.60%   
The current 90-days correlation between Boise Cascade and Svenska Cellulosa Aktiebolaget is 0.34 (i.e., Weak diversification). The correlation of Boise Cascade 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 Cascade Correlation With Market

Good diversification

The correlation between Boise Cascade and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boise Cascade and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Boise Cascade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boise Cascade 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 Boise Cascade - 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 Boise Cascade to buy it.

Moving together with Boise Stock

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Moving against Boise Stock

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  0.6297S STELLA JONES INCPairCorr
  0.61OIXA Orix Corp AdsPairCorr
  0.6OIX ORIXPairCorr
  0.58LLD2 Lloyds Banking Group Earnings Call This WeekPairCorr
  0.47AS4 Corticeira Amorim SGPS Earnings Call Next WeekPairCorr
  0.4NKC CanforPairCorr
  0.72CBK Commerzbank AGPairCorr
  0.71AB2 ABN AMRO BankPairCorr
  0.59CRC Canadian Natural ResPairCorr
  0.56GI6A Gecina SA Earnings Call This WeekPairCorr
  0.54GME Geratherm MedicalPairCorr
  0.54EV9 Entravision CommunicationsPairCorr
  0.53MNL MUTUIONLINEPairCorr
  0.47A6 Antero ResourcesPairCorr
  0.4AGJ AGCOPairCorr
  0.36JEM Jernimo Martins SGPSPairCorr
  0.35RAC Rent A CenterPairCorr
  0.33SUD STUDSVIK Earnings Call TomorrowPairCorr
  0.77893 MITSUBISHI KAKOKI Earnings Call Next WeekPairCorr
  0.748SF SLIGRO FOOD GROUPPairCorr
  0.74WOP0 Woodside Energy GroupPairCorr
  0.7CPF0 CITIC LTD ADR5PairCorr

Related Correlations Analysis

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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   
SCA
+ 0.94
SCA
AS4
+ 0.89
97S
BC0
+ 0.84
UF3
97S
+ 0.71
NKC
BC0
+ 0.65
RA6
AS4
+ 0.61
NKC
  
High negative correlations   
97S
- 0.62
BC0
AS4
- 0.6
RA6
97S
- 0.58
RA6
NKC
- 0.56
RA6
NKC
- 0.56
SCA
NKC
- 0.53
SCA

Risk-Adjusted Indicators

There is a big difference between Boise Stock performing well and Boise Cascade 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 Cascade'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boise Cascade 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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Boise Cascade Corporate Management

Elected by the shareholders, the Boise Cascade's board of directors comprises two types of representatives: Boise Cascade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boise. The board's role is to monitor Boise Cascade's management team and ensure that shareholders' interests are well served. Boise Cascade'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, Boise Cascade's outside directors are responsible for providing unbiased perspectives on the board's policies.
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