BlueLinx Holdings Correlations
| BXC Stock | USD 62.39 0.13 0.21% |
The correlation of BlueLinx Holdings 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.
BlueLinx Holdings Correlation With Market
Very weak diversification
The correlation between BlueLinx Holdings and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlueLinx Holdings and DJI in the same portfolio, assuming nothing else is changed.
Moving together with BlueLinx Stock
| 0.88 | WLFC | Willis Lease Finance | PairCorr |
| 0.81 | URI | United Rentals | PairCorr |
| 0.67 | TITN | Titan Machinery Earnings Call This Week | PairCorr |
| 0.88 | NVR | NVR Inc | PairCorr |
| 0.88 | BKNG | Booking Holdings | PairCorr |
Moving against BlueLinx Stock
| 0.87 | 000688 | Guocheng Mining | PairCorr |
| 0.6 | 000638 | Vanfund Urban Investment | PairCorr |
| 0.38 | AL | Air Lease | PairCorr |
| 0.32 | RBGPF | Reckitt Benckiser | PairCorr |
| 0.92 | FCBBF | FinecoBank Banca Fineco | PairCorr |
| 0.9 | UHS | Universal Health Services | PairCorr |
| 0.87 | CPKF | Chesapeake Finl Shs | PairCorr |
| 0.86 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.84 | AIRYY | Air China | PairCorr |
| 0.75 | SWKH | SWK Holdings Corp | PairCorr |
| 0.75 | YZCAY | Yanzhou Coal Mining | PairCorr |
| 0.72 | ETR | Entergy | PairCorr |
| 0.7 | OSIS | OSI Systems | PairCorr |
| 0.57 | PREC | Prestige Cars Intern | PairCorr |
| 0.53 | 384802AD6 | GRAINGER W W | PairCorr |
| 0.51 | ACGBF | Agricultural Bank | PairCorr |
| 0.46 | ENIC | Enel Chile SA | PairCorr |
| 0.46 | IE | Ivanhoe Electric Earnings Call This Week | PairCorr |
| 0.86 | AAPL | Apple Inc | PairCorr |
| 0.8 | AMQFF | Abitibi Metals Corp | PairCorr |
| 0.77 | CCVTF | China Conch Venture | PairCorr |
| 0.73 | CLLFF | Collins Foods Limited Earnings Call This Week | PairCorr |
| 0.69 | 209111FB4 | CONSOLIDATED EDISON | PairCorr |
| 0.56 | DVLT | Datavault AI Symbol Change | PairCorr |
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 BlueLinx Stock performing well and BlueLinx Holdings 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 BlueLinx Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PPJE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELNX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LVVEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NHLG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HHGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |