Blackbird Plc Correlations
| BBRDF Stock | USD 0.06 0.0004 0.67% |
The current 90-days correlation between Blackbird plc and Blackline Safety Corp is 0.02 (i.e., Significant diversification). The correlation of Blackbird Plc 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.
Blackbird Plc Correlation With Market
Significant diversification
The correlation between Blackbird plc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackbird plc and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Blackbird Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackbird Plc 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 Blackbird Plc - 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 Blackbird plc to buy it.
Moving together with Blackbird Pink Sheet
| 0.65 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.64 | PTBRY | Bank Negara Indonesia Downward Rally | PairCorr |
| 0.76 | XOM | Exxon Mobil Corp Earnings Call Today | PairCorr |
| 0.8 | INTC | Intel | PairCorr |
Moving against Blackbird Pink Sheet
| 0.68 | CHKP | Check Point Software Earnings Call This Week | PairCorr |
| 0.59 | MZHOF | Mizuho Financial Earnings Call Today | PairCorr |
| 0.58 | NOW | ServiceNow | PairCorr |
| 0.55 | MBFJF | Mitsubishi UFJ Financial Earnings Call This Week | PairCorr |
| 0.54 | APP | Applovin Corp Sell-off Trend | PairCorr |
| 0.47 | SAP | SAP SE ADR | PairCorr |
| 0.45 | SAPGF | SAP SE | PairCorr |
| 0.39 | SHOP | Shopify Tech Boost | PairCorr |
| 0.76 | WMT | Walmart Aggressive Push | PairCorr |
| 0.68 | IBM | International Business Upward Rally | PairCorr |
| 0.64 | BAMXF | Bayerische Motoren Werke | PairCorr |
| 0.64 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.57 | AXP | American Express | PairCorr |
| 0.55 | GILT | Gilat Satellite Networks | PairCorr |
| 0.55 | CSCO | Cisco Systems | PairCorr |
| 0.44 | V | Visa Class A | PairCorr |
| 0.34 | T | ATT Inc Earnings Call This Week | 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 Blackbird Pink Sheet performing well and Blackbird Plc 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 Blackbird Plc'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BAINF | 2.00 | 0.87 | 0.00 | (1.73) | 0.00 | 5.15 | 31.12 | |||
| CMDXF | 1.56 | (0.30) | 0.00 | (0.33) | 0.00 | 3.47 | 15.33 | |||
| BLKLF | 1.18 | 0.14 | 0.01 | (0.31) | 1.31 | 3.26 | 11.99 | |||
| ATIXF | 14.70 | 3.24 | 0.16 | (1.79) | 12.62 | 40.00 | 87.91 | |||
| AKRFF | 1.45 | 0.16 | 0.00 | 0.89 | 0.00 | 7.44 | 25.23 | |||
| AECX | 46.77 | 17.88 | 0.38 | 5.28 | 22.57 | 132.56 | 620.57 | |||
| AUUDW | 12.68 | 1.50 | 0.09 | (1.37) | 11.63 | 35.04 | 70.32 | |||
| AIFS | 1.49 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 39.48 | |||
| ROWKF | 0.73 | 0.32 | 0.00 | (0.79) | 0.00 | 0.00 | 17.50 | |||
| DPSIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Blackbird Plc Corporate Management
| Sumit Rai | Chief Officer | Profile | |
| Adrian Lambert | Chief Officer | Profile | |
| Stephen White | Chief Director | Profile | |
| Martin Kay | Sec | Profile | |
| Ian McDonough | CEO Director | Profile | |
| Stephen Streater | Director Founder | Profile | |
| Mo Volans | VP Marketing | Profile |