Base Carbon Correlations
| BCBN Stock | 1.08 0.03 2.86% |
The current 90-days correlation between Base Carbon and Walmart Inc CDR is -0.18 (i.e., Good diversification). The correlation of Base Carbon 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.
Base Carbon Correlation With Market
Modest diversification
The correlation between Base Carbon 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 Base Carbon and DJI in the same portfolio, assuming nothing else is changed.
Base |
The ability to find closely correlated positions to Base Carbon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Base Carbon 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 Base Carbon - 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 Base Carbon to buy it.
Moving together with Base Stock
| 0.83 | GOOG | Alphabet CDR | PairCorr |
| 0.8 | AAPL | Apple Inc CDR | PairCorr |
| 0.76 | BOFA | Bank of America | PairCorr |
| 0.7 | XOM | EXXON MOBIL CDR | PairCorr |
| 0.78 | PLSR | Pulsar Helium | PairCorr |
| 0.71 | NICU | Magna Mining | PairCorr |
| 0.87 | ECOR | Ecora Resources plc | PairCorr |
| 0.84 | NBY | Niobay Metals | PairCorr |
| 0.79 | GIL | Gildan Activewear | PairCorr |
| 0.68 | CGX | Cineplex | PairCorr |
| 0.76 | WN-PC | George Weston Ser | PairCorr |
| 0.74 | CHR | Chorus Aviation | PairCorr |
| 0.8 | SKYG | Sky Gold Corp | PairCorr |
| 0.84 | DML | Denison Mines Corp | PairCorr |
| 0.76 | PKI | Parkland Fuel | PairCorr |
| 0.79 | BIP-PE | Brookfield Infrastructure | PairCorr |
| 0.84 | CBR | Cabral Gold | PairCorr |
| 0.77 | GCU | Gunnison Copper Corp Earnings Call This Week | PairCorr |
| 0.87 | LFE | Canadian Life Companies | PairCorr |
| 0.87 | OTEX | Open Text Corp | PairCorr |
| 0.76 | JET | Global Crossing Airlines | PairCorr |
| 0.85 | MEG | MEG Energy Corp Earnings Call This Week | PairCorr |
| 0.82 | SGR-UN | Slate Grocery REIT | PairCorr |
| 0.77 | QBR-B | Quebecor | PairCorr |
| 0.72 | MBI-H | Med BioGene | PairCorr |
| 0.76 | SLI | Standard Lithium | PairCorr |
Moving against Base Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Base Stock performing well and Base Carbon 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 Base Carbon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WMT | 0.89 | 0.08 | (0.04) | (0.06) | 1.22 | 1.89 | 8.57 | |||
| AMZN | 1.40 | 0.23 | 0.06 | (0.42) | 1.61 | 3.86 | 11.37 | |||
| AMZN | 1.39 | 0.22 | 0.06 | (0.52) | 1.63 | 3.86 | 11.37 | |||
| VWA | 0.97 | (0.01) | (0.02) | 0.06 | 1.71 | 3.64 | 15.28 | |||
| UNH | 1.58 | 0.41 | 0.19 | (2.86) | 1.35 | 3.39 | 15.99 | |||
| BRK | 0.64 | 0.09 | (0.01) | (0.41) | 0.72 | 1.38 | 3.21 | |||
| BRK | 0.64 | 0.09 | (0.01) | (0.37) | 0.71 | 1.38 | 3.21 | |||
| TJX | 0.72 | 0.20 | 0.10 | (16.54) | 0.64 | 2.12 | 5.71 | |||
| SBUX | 1.34 | (0.15) | 0.00 | (0.53) | 0.00 | 2.56 | 7.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Base Carbon 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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Base Carbon Corporate Executives
Elected by the shareholders, the Base Carbon's board of directors comprises two types of representatives: Base Carbon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Base. The board's role is to monitor Base Carbon's management team and ensure that shareholders' interests are well served. Base Carbon'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, Base Carbon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bill Pazos | Founder | Profile | |
| Andrew Fedak | Chief Founder | Profile |