BSCJ Related Correlations

Generate correlation matrix for BSCJ and other related equities to check the degree to which BSCJ price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for BSCJ. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Specify up to 10 symbols:
The market value of BSCJ is measured differently than its book value, which is the value of BSCJ that is recorded on the company's balance sheet. Investors also form their own opinion of BSCJ's value that differs from its market value or its book value, called intrinsic value, which is BSCJ's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BSCJ's market value can be influenced by many factors that don't directly affect BSCJ's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BSCJ's value and its price as these two are different measures arrived at by different means. Investors typically determine if BSCJ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BSCJ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
XOMJPM
CRMUBER
CRMMSFT
JPMUBER
JPMCRM
UBERMSFT
  
High negative correlations   

BSCJ Competition Risk-Adjusted Indicators

There is a big difference between BSCJ Etf performing well and BSCJ ETF 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 BSCJ'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.76  0.69  0.29 (0.76) 1.16 
 3.34 
 24.74 
MSFT  0.89  0.05  0.05  0.18  0.89 
 2.11 
 5.31 
UBER  1.62  0.10  0.14  0.17  1.42 
 2.83 
 18.39 
F  1.56  0.27  0.02 (0.20) 1.63 
 4.07 
 9.61 
T  0.98  0.07 (0.01) 0.31  1.16 
 2.20 
 6.58 
A  1.18 (0.11)(0.03) 0.05  1.50 
 2.27 
 5.47 
CRM  1.16  0.02  0.04  0.14  1.29 
 2.85 
 8.93 
JPM  0.66  0.17  0.20  0.34  0.31 
 1.73 
 3.96 
MRK  0.68  0.23  0.27  0.44  0.00 
 1.95 
 6.92 
XOM  0.88  0.14  0.08  0.37  0.80 
 2.04 
 4.66