BIG Blockchain Correlations

BBKCF Stock

USD 0.09 0 2.27%

The current 90-days correlation between BIG Blockchain Intel and DeFi Technologies is 0.3 (i.e., Weak diversification). The correlation of BIG Blockchain 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

BIG Blockchain Correlation With Market

Modest diversification

The correlation between BIG Blockchain Intelligence and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BIG Blockchain Intelligence and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BIG Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIG Blockchain 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 BIG Blockchain - 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 BIG Blockchain Intelligence to buy it.

Moving together with BIG OTC Stock

0.65	MS	Morgan Stanley	Pair Corr
0.67	BBGI	Beasley Broadcast	Pair Corr
0.67	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.76	AXP	American Express	Pair Corr
0.61	HPQ	HP Inc	Pair Corr

Moving against BIG OTC Stock

0.47	PTAIF	PT Astra International	Pair Corr
0.36	GS-PA	Goldman Sachs	Pair Corr
0.68	VZ	Verizon Communications	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.58	MCD	McDonalds	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.42	WM	Waste Management	Pair Corr

Related Correlations Analysis

	DEFTF	ARBKF	DBKSF	BRPHF	BTCWF	CBTTF	DMGGF	BFCH	BITF	HUT
DEFTF		0.2	0.16	0.78	0.2	0.41	0.59	0.33	0.48	0.67	DEFTF
ARBKF	0.2		-0.14	0.5	0.27	0.59	0.69	0.27	0.67	0.64	ARBKF
DBKSF	0.16	-0.14		0.17	-0.25	0.27	-0.21	-0.09	-0.18	-0.08	DBKSF
BRPHF	0.78	0.5	0.17		0.32	0.75	0.76	0.59	0.8	0.93	BRPHF
BTCWF	0.2	0.27	-0.25	0.32		0.15	0.36	0.6	0.36	0.42	BTCWF
CBTTF	0.41	0.59	0.27	0.75	0.15		0.71	0.27	0.79	0.75	CBTTF
DMGGF	0.59	0.69	-0.21	0.76	0.36	0.71		0.34	0.88	0.9	DMGGF
BFCH	0.33	0.27	-0.09	0.59	0.6	0.27	0.34		0.48	0.56	BFCH
BITF	0.48	0.67	-0.18	0.8	0.36	0.79	0.88	0.48		0.92	BITF
HUT	0.67	0.64	-0.08	0.93	0.42	0.75	0.9	0.56	0.92		HUT
	DEFTF	ARBKF	DBKSF	BRPHF	BTCWF	CBTTF	DMGGF	BFCH	BITF	HUT

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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

HUT	+ 0.93	BRPHF
HUT	+ 0.92	BITF
HUT	+ 0.9	DMGGF
BITF	+ 0.88	DMGGF
BITF	+ 0.8	BRPHF
BITF	+ 0.79	CBTTF

High negative correlations

BTCWF	- 0.25	DBKSF
DMGGF	- 0.21	DBKSF
BITF	- 0.18	DBKSF
DBKSF	- 0.14	ARBKF
BFCH	- 0.09	DBKSF
HUT	- 0.08	DBKSF

Risk-Adjusted Indicators

There is a big difference between BIG OTC Stock performing well and BIG Blockchain OTC Stock 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 BIG Blockchain'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DEFTF	4.95	0.16	0.02	0.04	6.17	(5.44)	10.95	(9.52)	31.10
ARBKF	8.77	(0.58)	0.00	(1.23)	0.00	0.00	15.45	(17.54)	41.67
DBKSF	40.05	18.26	0.00	18.36	0.00	0.00	46.67	0.00	978.14
BRPHF	3.60	(0.44)	0.00	(0.15)	0.00	0.00	7.13	(7.96)	28.91
BTCWF	8.30	(0.69)	0.00	0.78	0.00	0.00	21.43	(16.67)	75.00
CBTTF	5.66	(0.82)	0.00	(5.61)	0.00	0.00	10.61	(12.71)	30.95
DMGGF	4.49	(0.39)	0.00	(0.16)	0.00	0.00	10.53	(9.52)	27.00
BFCH	8.55	(0.35)	0.00	(0.21)	0.00	0.00	26.67	(18.18)	64.29
BITF	3.90	(0.90)	0.00	1.35	0.00	0.00	6.93	(8.87)	22.16
HUT	4.31	(0.87)	0.00	(0.40)	0.00	0.00	10.06	(10.12)	36.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in BIG Blockchain 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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