Barnes Noble Correlations

BNED Stock  USD 0.72  0.03  4.35%   
The correlation of Barnes Noble 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barnes Noble moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barnes Noble Education moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Good diversification

The correlation between Barnes Noble Education and NYA is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barnes Noble Education and NYA in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barnes Noble Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
  
The ability to find closely correlated positions to Barnes Noble could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barnes Noble 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 Barnes Noble - 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 Barnes Noble Education to buy it.

Moving together with Barnes Stock

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Moving against Barnes Stock

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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   
  
High negative correlations   
HDBQ
LLHD
LLDIBS
FLDIBS
BQDIBS
BQAN

Risk-Adjusted Indicators

There is a big difference between Barnes Stock performing well and Barnes Noble 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 Barnes Noble'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
M  1.96 (0.20)(0.04) 0.01  2.26 
 3.75 
 16.61 
W  2.91 (0.40)(0.02) 0.01  3.31 
 8.19 
 17.32 
DIBS  2.51  0.45  0.12  2.16  2.42 
 8.04 
 17.90 
AN  1.41 (0.03) 0.01  0.10  1.80 
 3.41 
 8.21 
BQ  4.58 (0.74) 0.00  0.90  0.00 
 9.38 
 28.41 
FL  2.68 (0.25) 0.00 (0.06) 0.00 
 6.07 
 36.40 
HD  0.86  0.00  0.03  0.12  0.82 
 2.02 
 5.22 
JD  2.67 (0.24)(0.04) 0.01  3.00 
 5.33 
 20.06 
LE  2.46 (0.22)(0.01) 0.03  2.96 
 5.38 
 15.67 
LL  2.55 (1.37) 0.00 (0.56) 0.00 
 6.31 
 16.26 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Barnes Noble 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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Barnes Noble Corporate Management

Elected by the shareholders, the Barnes Noble's board of directors comprises two types of representatives: Barnes Noble inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Barnes. The board's role is to monitor Barnes Noble's management team and ensure that shareholders' interests are well served. Barnes Noble'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, Barnes Noble's outside directors are responsible for providing unbiased perspectives on the board's policies.
David GoldenIndependent DirectorProfile
David HendersonExecutive Vice President - Strategic Services and Presidentident - MBS Textbook Exchange, LLCProfile
Maureen ParadineChief Human Resource Officer, Senior Vice PresidentProfile
David WilsonIndependent DirectorProfile
Daniel DeMatteoIndependent DirectorProfile
Suzanne AndrewsVP OfficerProfile

Already Invested in Barnes Noble Education?

The danger of trading Barnes Noble Education is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Barnes Noble is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Barnes Noble. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Barnes Noble Education is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Barnes Noble Education is a strong investment it is important to analyze Barnes Noble's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barnes Noble's future performance. For an informed investment choice regarding Barnes Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barnes Noble Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Barnes Noble Education information on this page should be used as a complementary analysis to other Barnes Noble's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Barnes Stock analysis

When running Barnes Noble's price analysis, check to measure Barnes Noble's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Barnes Noble is operating at the current time. Most of Barnes Noble's value examination focuses on studying past and present price action to predict the probability of Barnes Noble's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Barnes Noble's price. Additionally, you may evaluate how the addition of Barnes Noble to your portfolios can decrease your overall portfolio volatility.
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Is Barnes Noble's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barnes Noble. If investors know Barnes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barnes Noble listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.084
Earnings Share
(1.46)
Revenue Per Share
29.794
Quarterly Revenue Growth
0.043
Return On Assets
(0.01)
The market value of Barnes Noble Education is measured differently than its book value, which is the value of Barnes that is recorded on the company's balance sheet. Investors also form their own opinion of Barnes Noble's value that differs from its market value or its book value, called intrinsic value, which is Barnes Noble'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 Barnes Noble's market value can be influenced by many factors that don't directly affect Barnes Noble'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 Barnes Noble's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barnes Noble is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barnes Noble'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.