Boston Omaha Correlations

BOMN
 Stock
  

USD 25.41  0.29  1.13%   

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 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.
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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 to buy it.

Moving together with Boston Omaha

0.76OMCOmnicom GroupPairCorr
0.87WPPGFWpp Plc OrdPairCorr
0.7PUBGYPUBLICIS GROUPE SAPairCorr
0.66PGPEFPublicis GroupePairCorr
0.74WPPWpp Plc ADRPairCorr
0.65IPGInterpublic GroupPairCorr
0.77DNTUYDentsu Inc ADRPairCorr
0.63CYGIYCyberagent ADRPairCorr

Moving against Boston Omaha

0.78BYDDFByd Ltd HPairCorr

Related Correlations

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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   
FUBER
UBERMSFT
FMSFT
JPMA
CRMMSFT
JPMF
  
High negative correlations   
TUBER
MRKUBER
TMSFT
MRKF
MRKCRM
CRMT

Boston Omaha Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Boston Omaha 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 2.81  0.18  0.07  0.16  3.52  0.06 (2.99)  5.66 (5.40)  36.79 
MSFT 1.92  0.01  0.00 (0.17)  0.00 (0.0272)  0.00  2.97 (4.24)  9.36 
UBER 3.37 (0.28)  0.00 (0.33)  0.00 (0.10)  0.00  6.55 (7.19)  18.56 
F 2.44 (0.21)  0.00 (0.30)  0.00 (0.10)  0.00  3.89 (5.54)  16.83 
T 1.30  0.38  0.27  0.41  1.37  0.24 (1.49)  2.99 (2.47)  12.23 
A 1.98  0.00  0.00 (0.17)  0.00 (0.015)  0.00  3.19 (3.50)  9.77 
CRM 2.67  0.01  0.00 (0.17)  0.00 (0.0338)  0.00  6.33 (5.28)  16.84 
JPM 1.44 (0.09)  0.00 (0.26)  0.00 (0.05)  0.00  2.98 (3.00)  10.78 
MRK 1.06  0.30  0.34  0.44  0.95  0.28 (1.24)  2.16 (1.65)  7.44 
XOM 1.90  0.33  0.11  0.20  2.86  0.14 (1.71)  3.03 (3.96)  11.86 

Delisting Warning - BOMN

Boston Omaha was delisted

  The entity Boston Omaha with a symbol BOMN was delisted from NCM Exchange. Please use Boston Omaha Corp with a symbol BOC from now on.

Boston Omaha Corporate Directors

Boston Omaha corporate directors refer to members of a Boston Omaha board of directors. The board of directors generally takes responsibility for the Boston Omaha's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Boston Omaha's board members must vote for the resolution. The Boston Omaha board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Investing Boston Omaha

You need to understand the risk of investing before taking a position in Boston Omaha. The danger of trading Boston Omaha 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 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. Note that the Boston Omaha information on this page should be used as a complementary analysis to other Boston Omaha'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Other Tools for Boston Stock

When running Boston Omaha 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.
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