Bluebet Holdings Correlations
| BBT Stock | 0.30 0.01 3.45% |
The current 90-days correlation between Bluebet Holdings and Renascor Resources is -0.08 (i.e., Good diversification). The correlation of Bluebet Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Bluebet |
The ability to find closely correlated positions to Bluebet Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bluebet Holdings 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 Bluebet Holdings - 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 Bluebet Holdings to buy it.
Moving together with Bluebet Stock
| 0.82 | HOR | Horseshoe Metals | PairCorr |
| 0.71 | GMD | Genesis Minerals | PairCorr |
| 0.69 | HUB | Hub24 | PairCorr |
| 0.68 | AIQ | Alternative Investment | PairCorr |
| 0.79 | CBA | Commonwealth Bank | PairCorr |
| 0.87 | TLX | Telix Pharmaceuticals | PairCorr |
| 0.74 | BEN | Bendigo And Adelaide | PairCorr |
| 0.72 | GDF | Garda Diversified Ppty | PairCorr |
| 0.63 | BPT | Beach Energy | PairCorr |
| 0.66 | HSN | Hansen Technologies | PairCorr |
| 0.88 | IDA | Indiana Resources | PairCorr |
| 0.82 | DEG | De Grey Mining | PairCorr |
| 0.61 | ABA | Auswide Bank | PairCorr |
| 0.69 | WBCPJ | Westpac Banking | PairCorr |
| 0.83 | BVS | Bravura Solutions | PairCorr |
| 0.78 | AHF | Australian Dairy Farms | PairCorr |
| 0.65 | MME | MoneyMe | PairCorr |
| 0.77 | BIS | Bisalloy Steel Group | PairCorr |
| 0.65 | SUN | Suncorp Group | PairCorr |
Moving against Bluebet Stock
| 0.74 | BKW | Brickworks | PairCorr |
| 0.57 | SFR | Sandfire Resources | PairCorr |
| 0.56 | RCE | Recce | PairCorr |
| 0.42 | A1M | AIC Mines Limited | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Bluebet Stock performing well and Bluebet Holdings 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 Bluebet Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNU | 1.66 | (0.40) | 0.00 | 3.62 | 0.00 | 4.35 | 9.23 | |||
| VMC | 3.76 | 0.44 | 0.05 | (0.49) | 4.46 | 9.38 | 58.00 | |||
| HAV | 2.96 | 0.31 | 0.05 | (4.37) | 3.29 | 5.26 | 24.75 | |||
| AS1 | 5.05 | 0.44 | 0.05 | (0.34) | 5.43 | 11.11 | 37.54 | |||
| BOE | 2.15 | (0.41) | 0.00 | (0.49) | 0.00 | 5.40 | 15.39 | |||
| RHI | 1.64 | 0.44 | 0.20 | (5.30) | 1.42 | 5.07 | 12.97 | |||
| BTC | 2.09 | 0.30 | 0.04 | (0.66) | 2.94 | 8.45 | 21.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bluebet Holdings 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?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Bluebet Holdings Corporate Management
Elected by the shareholders, the Bluebet Holdings' board of directors comprises two types of representatives: Bluebet Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bluebet. The board's role is to monitor Bluebet Holdings' management team and ensure that shareholders' interests are well served. Bluebet Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bluebet Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jake Francis | Senior Americas | Profile | |
| Darren Holley | Chief Officer | Profile | |
| Andrew Menz | Chief Officer | Profile | |
| William Richmond | Chief Officer | Profile | |
| Sean Phinney | Senior Americas | Profile | |
| Laura Newell | Company Secretary | Profile |