BZDYF Correlations

Delisted . USA . 
Etf . BZDYF
BZDYFDelisted Etf  USD 32.37  0.00  0.00%   
The current 90-days correlation between BZDYF and FT Vest Equity is -0.15 (i.e., Good diversification). The correlation of BZDYF 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.

BZDYF Correlation With Market

Very good diversification

The correlation between BZDYF and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BZDYF and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with BZDYF OTC Etf

  0.73VTI Vanguard Total StockPairCorr
  0.71SPY SPDR SP 500 Aggressive PushPairCorr
  0.71IVV iShares Core SPPairCorr
  0.62VTV Vanguard Value IndexPairCorr
  0.74VUG Vanguard Growth IndexPairCorr
  0.74VO Vanguard Mid CapPairCorr
  0.73VB Vanguard Small CapPairCorr
  0.85DSJA DSJAPairCorr
  0.86RSPY Tuttle Capital ManagementPairCorr
  0.83MEME Roundhill InvestmentsPairCorr
  0.71AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.7TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.79CVX Chevron Corp Sell-off TrendPairCorr
  0.76WMT Walmart Aggressive PushPairCorr
  0.69DIS Walt Disney Sell-off TrendPairCorr
  0.81JPM JPMorgan Chase Sell-off TrendPairCorr
  0.64INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.68T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.75AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.82CSCO Cisco Systems Sell-off TrendPairCorr

Moving against BZDYF OTC Etf

  0.87BND Vanguard Total BondPairCorr
  0.75VEA Vanguard FTSE DevelopedPairCorr
  0.76PFE Pfizer Inc Aggressive PushPairCorr
  0.56BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.5MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.32PG Procter Gamble Sell-off TrendPairCorr

Related Correlations Analysis

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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   
JPM
+ 0.85
CRM
CRM
+ 0.79
T
XOM
+ 0.72
META
JPM
+ 0.69
F
XOM
+ 0.65
CRM
CRM
+ 0.64
META
  
High negative correlations   
MRK
- 0.91
CRM
MRK
- 0.83
JPM
MRK
- 0.78
T
JPM
- 0.62
A
XOM
- 0.56
MRK
MRK
- 0.53
META

BZDYF Competition Risk-Adjusted Indicators

There is a big difference between BZDYF OTC Etf performing well and BZDYF OTC Etf 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 BZDYF'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.06  0.06  0.02  0.20  1.40 
(1.15)
 2.62 
(3.15)
 8.02 
MSFT  0.92 (0.05)(0.05) 0.05  1.49 
(0.89)
 2.09 
(1.85)
 8.19 
UBER  1.62 (0.12)(0.05) 0.00  2.30 
(1.74)
 2.69 
(2.53)
 20.10 
F  1.43 (0.15)(0.04) 0.02  2.20 
(1.42)
 2.53 
(2.90)
 11.21 
T  0.92  0.28  0.15 (7.88) 0.85 
(1.05)
 2.56 
(1.72)
 6.47 
A  1.17 (0.09) 0.00 (0.05) 0.00 
 0.00 
 2.71 
(2.42)
 9.02 
CRM  1.34  0.21  0.16  0.30  1.16 
(1.53)
 3.18 
(1.93)
 9.09 
JPM  1.12 (0.01) 0.06  0.11  1.40 
(1.21)
 2.05 
(2.00)
 15.87 
MRK  0.91 (0.21) 0.00 (0.74) 0.00 
 0.00 
 2.00 
(2.13)
 4.89 
XOM  1.01 (0.05)(0.08) 0.02  1.33 
(1.07)
 2.10 
(2.09)
 5.74 

BZDYF Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BZDYF otc etf to make a market-neutral strategy. Peer analysis of BZDYF could also be used in its relative valuation, which is a method of valuing BZDYF by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in BZDYF?

Investing in delisted otcs can be risky, as the otc etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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