>

Correlation Between B of A and BRILL SHOE

Analyzing existing cross correlation between Bank Of America Corporation and BRILL SHOE INDS. You can compare the effects of market volatilities on B of A and BRILL SHOE and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in B of A with a short position of BRILL SHOE. Check out your portfolio center. Please also check ongoing floating volatility patterns of B of A and BRILL SHOE.

Specify exactly 2 symbols:

Refresh Compare

Diversification Opportunities for B of A and BRILL SHOE

Bank Of America Corp. diversification synergy
0.0
<div class='circular--portrait-small' style='background:#FF9E01;color: white;font-size:1.1em;padding-top: 12px;;'>BOA</div>
<div class='circular--portrait-small' style='background:#FF9E01;color: white;font-size:1.1em;padding-top: 12px;;'>BRI</div>

Pay attention - limited upside

The 3 months correlation between B of A and BRILL is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Bank Of America Corp. and BRILL SHOE INDS in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BRILL SHOE INDS and B of A is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Bank Of America Corporation are associated (or correlated) with BRILL SHOE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BRILL SHOE INDS has no effect on the direction of B of A i.e. B of A and BRILL SHOE go up and down completely randomly.

Pair Corralation between B of A and BRILL SHOE

If you would invest (100.00)  in BRILL SHOE INDS on January 30, 2020 and sell it today you would earn a total of  100.00  from holding BRILL SHOE INDS or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Bank Of America Corp.  vs.  BRILL SHOE INDS

 Performance (%) 
    
  Timeline 
Bank Of America 
00

Risk-Adjusted Performance

Over the last 30 days Bank Of America Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in March 2020. The current disturbance may also be a sign of long term up-swing for the company investors.
BRILL SHOE INDS 
00

Risk-Adjusted Performance

Over the last 30 days BRILL SHOE INDS has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BRILL SHOE is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

B of A and BRILL SHOE Volatility Contrast

Check out your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.