BIG Blockchain Correlations
| BBKCF Stock | USD 0.07 0.01 12.03% |
The current 90-days correlation between BIG Blockchain Intel and DeFi Technologies is 0.38 (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
Weak diversification
The correlation between BIG Blockchain Intelligence and DJI is 0.31 (i.e., Weak 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.
BIG |
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
| 0.81 | MS | Morgan Stanley Earnings Call This Week | PairCorr |
| 0.75 | GS | Goldman Sachs Group Earnings Call This Week | PairCorr |
| 0.78 | MS-PA | Morgan Stanley Earnings Call This Week | PairCorr |
| 0.7 | IBKR | Interactive Brokers Earnings Call This Week | PairCorr |
| 0.8 | ERHE | ERHC Energy | PairCorr |
| 0.73 | SGBX | SG Blocks | PairCorr |
Moving against BIG OTC Stock
| 0.87 | WCC-PA | WESCO International | PairCorr |
| 0.87 | FIRRF | First Tractor | PairCorr |
| 0.78 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.77 | SGU | Star Gas Partners | PairCorr |
| 0.73 | ORLY | OReilly Automotive | PairCorr |
| 0.72 | HRTX | Heron Therapeuti | PairCorr |
| 0.71 | NOK | Nokia Corp ADR Earnings Call This Week | PairCorr |
| 0.68 | ASCUF | Arizona Sonoran Copper | PairCorr |
| 0.53 | AE | Adams Resources Energy | PairCorr |
| 0.51 | 023135BT2 | AMAZONCOM INC | PairCorr |
| 0.44 | 674599CL7 | OCCIDENTAL PETE P | PairCorr |
| 0.41 | 25468PCP9 | DISNEY WALT NEW | PairCorr |
| 0.38 | DX | Dynex Capital | PairCorr |
| 0.37 | BIDU | Baidu Inc | PairCorr |
| 0.34 | 594918BS2 | MICROSOFT P 345 | PairCorr |
| 0.84 | WPM | Wheaton Precious Metals | PairCorr |
| 0.83 | GEL | Genesis Energy LP | PairCorr |
| 0.82 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.78 | AEM | Agnico Eagle Mines | PairCorr |
| 0.76 | GILD | Gilead Sciences | PairCorr |
| 0.73 | NSP | Insperity | PairCorr |
| 0.71 | TCEHY | Tencent Holdings | PairCorr |
| 0.7 | 031162CW8 | AMGEN INC | PairCorr |
| 0.68 | MOH | Molina Healthcare | 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 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 | (0.06) | 0.00 | (0.20) | 0.00 | 10.95 | 33.87 | |||
| ARBKF | 9.87 | (0.42) | 0.00 | (0.69) | 0.00 | 19.05 | 66.33 | |||
| DBKSF | 14.98 | 5.19 | 0.00 | 3.37 | 0.00 | 1.00 | 450.51 | |||
| BRPHF | 4.30 | (0.39) | 0.00 | (0.33) | 0.00 | 7.19 | 28.91 | |||
| BTCWF | 7.78 | (0.99) | 0.00 | 3.17 | 0.00 | 21.43 | 75.00 | |||
| CBTTF | 6.52 | (0.62) | 0.00 | (0.80) | 0.00 | 11.24 | 36.69 | |||
| DMGGF | 4.97 | (0.43) | 0.00 | (0.40) | 0.00 | 10.53 | 28.67 | |||
| BFCH | 8.36 | (0.14) | 0.00 | (0.33) | 0.00 | 28.57 | 81.94 | |||
| BITF | 4.01 | (0.87) | 0.00 | (0.69) | 0.00 | 6.83 | 22.29 | |||
| HUT | 4.18 | (0.48) | 0.00 | (0.42) | 0.00 | 10.06 | 34.43 |
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.Did you try this?
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