Boston Omaha Correlations

BOC
 Stock
  

USD 23.02  0.81  3.65%   

The correlation of Boston Omaha is a statistical measure of how it moves in relation to other equities. 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 Boston Omaha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Omaha Corp 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.
Continue to Trending Equities.
  
The ability to find closely correlated positions to Boston Omaha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boston Omaha 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 Boston Omaha - 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 Boston Omaha Corp to buy it.

Moving together with Boston Omaha

+0.84OMCOmnicom GroupPairCorr
+0.68PUBGYPUBLICIS GROUPE SAPairCorr
+0.69DNTUFDentsu IncPairCorr
+0.83GBTGGlobal Business TravelPairCorr
+0.9AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
+0.92CLWClearwater Paper CorpPairCorr
+0.65CTXSCitrix SystemsPairCorr

Moving against Boston Omaha

-0.74OSTKOOVERSTOCK COM INCPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AF
CRMMSFT
MRKT
FUBER
AUBER
XOMF
  
High negative correlations   

Boston Omaha Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Boston Stock performing well and Boston Omaha company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Boston Omaha's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.64  0.19  0.07  0.18  2.79  0.08 (1.56)  4.00 (2.55)  15.22 
MSFT 1.37 (0.02)  0.00 (0.09)  0.00 (0.0255)  0.00  2.78 (3.17)  12.18 
UBER 2.87  0.44  0.13  0.27  2.91  0.11 (3.12)  5.60 (4.70)  25.11 
F 2.22  0.23  0.05  0.05  3.06  0.06 (2.39)  5.18 (3.74)  18.47 
T 1.00 (0.36)  0.00 (0.62)  0.00 (0.23)  0.00  1.65 (2.33)  9.46 
A 1.61  0.15  0.07  0.05  1.88  0.06 (1.78)  2.87 (3.13)  11.70 
CRM 2.08 (0.10)  0.00 (0.14)  0.00 (0.06)  0.00  3.94 (4.55)  12.87 
JPM 1.31  0.00  0.00 (0.08)  0.00 (0.0114)  0.00  2.61 (2.88)  8.06 
MRK 0.93 (0.07)  0.00 (0.23)  0.00 (0.022)  0.00  1.64 (2.13)  4.57 
XOM 1.76  0.04  0.03 (0.01)  2.18  0.0307 (1.81)  3.19 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boston Omaha 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?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

Boston Omaha Corporate Management

Elected by the shareholders, the Boston Omaha's board of directors comprises two types of representatives: Boston Omaha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boston. The board's role is to monitor Boston Omaha's management team and ensure that shareholders' interests are well served. Boston Omaha'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, Boston Omaha's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Herman - President of GIGProfile
Robert Thomas - President of UCSProfile
Bradford Briner - Independent DirectorProfile
Brendan Keating - DirectorProfile
Frank Kenan - Independent DirectorProfile

Invested in Boston Omaha Corp?

The danger of trading Boston Omaha Corp 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 Boston Omaha 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 Boston Omaha. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Boston Omaha Corp 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.
Continue to Trending Equities. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for analysis

When running Boston Omaha Corp price analysis, check to measure Boston Omaha'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 Boston Omaha is operating at the current time. Most of Boston Omaha's value examination focuses on studying past and present price action to predict the probability of Boston Omaha's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Boston Omaha's price. Additionally, you may evaluate how the addition of Boston Omaha to your portfolios can decrease your overall portfolio volatility.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Is Boston Omaha'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 Boston Omaha. If investors know Boston 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 Boston Omaha listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Boston Omaha Corp is measured differently than its book value, which is the value of Boston that is recorded on the company's balance sheet. Investors also form their own opinion of Boston Omaha's value that differs from its market value or its book value, called intrinsic value, which is Boston Omaha'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 Boston Omaha's market value can be influenced by many factors that don't directly affect Boston Omaha'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 Boston Omaha's value and its price as these two are different measures arrived at by different means. Investors typically determine Boston Omaha value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boston Omaha'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.