Bakkt Holdings Correlations

BKKT-WT Stock

0.22 0.01 4.35%

The current 90-days correlation between Bakkt Holdings Warrant and Bakkt Holdings is 0.49 (i.e., Very weak diversification). The correlation of Bakkt 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.

Bakkt Holdings Correlation With Market

Average diversification

The correlation between Bakkt Holdings Warrant and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bakkt Holdings Warrant and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bakkt Holdings Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Bakkt Stock please use our How to Invest in Bakkt Holdings guide.

Moving together with Bakkt Stock

0.65	MSFT	Microsoft	Pair Corr
0.63	MRK	Merck Company Aggressive Push	Pair Corr

Moving against Bakkt Stock

0.71	META	Meta Platforms	Pair Corr
0.7	BRK-A	Berkshire Hathaway	Pair Corr
0.63	MRLWF	Marlowe plc	Pair Corr
0.59	MMSI	Merit Medical Systems	Pair Corr
0.53	CVX	Chevron Corp	Pair Corr
0.4	BMYMP	Bristol Myers Squibb	Pair Corr
0.32	SLMNP	A Schulman	Pair Corr
0.84	IBM	International Business	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.72	KO	Coca Cola	Pair Corr
0.71	WMT	Walmart	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.58	MCD	McDonalds	Pair Corr
0.4	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	BKKT	PHUNW	IONQ-WT	PSFE-WT
BKKT		0.0	0.15	0.5	BKKT
PHUNW	0.0		0.0	0.0	PHUNW
IONQ-WT	0.15	0.0		-0.26	IONQ-WT
PSFE-WT	0.5	0.0	-0.26		PSFE-WT
	BKKT	PHUNW	IONQ-WT	PSFE-WT

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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

PSFE-WT	+ 0.5	BKKT
IONQ-WT	+ 0.15	BKKT
PHUNW	+ 0.0	BKKT
IONQ-WT	+ 0.0	PHUNW
PSFE-WT	+ 0.0	PHUNW

High negative correlations

PSFE-WT	- 0.26	IONQ-WT
PSFE-WT	- 0.0	PHUNW
IONQ-WT	- 0.0	PHUNW
PHUNW	- 0.0	BKKT

Risk-Adjusted Indicators

There is a big difference between Bakkt Stock performing well and Bakkt 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 Bakkt 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BKKT	5.01	(0.88)	(1.20)	8.03	(9.60)	40.86
PHUNW	0.00	0.00	0.00	0.00	0.00	0.00
IONQ-WT	9.49	(0.10)	0.64	24.75	(22.38)	86.97
PSFE-WT	5.68	0.20	(0.03)	13.21	(13.31)	47.79

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