Blueone Card Correlations

BCRD Stock

USD 9.00 1.85 25.87%

The correlation of Blueone Card 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.

Blueone Card Correlation With Market

Excellent diversification

The correlation between Blueone Card and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blueone Card and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Blueone Card could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blueone Card 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 Blueone Card - 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 Blueone Card to buy it.

Moving together with Blueone Pink Sheet

0.63	CRM	Salesforce	Pair Corr
0.62	SHOP	Shopify	Pair Corr
0.62	UBER	Uber Technologies Aggressive Push	Pair Corr
0.72	APP	Applovin Corp	Pair Corr
0.61	SAPGF	SAP SE	Pair Corr
0.7	NOW	ServiceNow Aggressive Push	Pair Corr
0.66	INTU	Intuit Inc Tech Boost	Pair Corr
0.64	CDNS	Cadence Design Systems	Pair Corr

Moving against Blueone Pink Sheet

0.5	BIMT	Bitmis Corp Tech Boost	Pair Corr
0.74	BNL	Broadstone Net Lease	Pair Corr
0.67	CMI	Cummins	Pair Corr
0.67	RHHVF	Roche Holding AG	Pair Corr
0.65	ESCA	Escalade Incorporated	Pair Corr
0.65	SOJE	Southern Company	Pair Corr
0.63	ABCB	Ameris Bancorp	Pair Corr
0.62	TDY	Teledyne Technologies	Pair Corr
0.58	VKQ	Invesco Municipal Trust	Pair Corr
0.56	MEEEF	Metal Energy Corp	Pair Corr
0.55	MFGCF	Mayfair Gold Corp	Pair Corr
0.54	GEL	Genesis Energy LP	Pair Corr
0.54	CCL	Carnival	Pair Corr
0.43	OTSKY	Otsuka Holdings	Pair Corr
0.41	POGS	Pioneer Oil Gas	Pair Corr
0.68	GRBK	Green Brick Partners	Pair Corr
0.66	VOD	Vodafone Group PLC	Pair Corr
0.65	IFS	Intercorp Financial	Pair Corr
0.65	WEJTY	Webjet Limited	Pair Corr

Related Correlations Analysis

	TDMMF	FHGDF	WONDF	ITMSF	SYZLF	THNCF	TSPH	ADPXY	HAIVF	XTRAF
TDMMF		-0.03	-0.1	-0.19	0.39	-0.01	-0.26	0.21	-0.37	0.38	TDMMF
FHGDF	-0.03		-0.46	0.7	0.51	-0.87	0.22	0.32	-0.63	0.54	FHGDF
WONDF	-0.1	-0.46		-0.78	-0.3	0.38	-0.72	-0.51	0.62	-0.34	WONDF
ITMSF	-0.19	0.7	-0.78		0.41	-0.62	0.66	0.5	-0.73	0.41	ITMSF
SYZLF	0.39	0.51	-0.3	0.41		-0.45	-0.02	0.59	-0.82	0.86	SYZLF
THNCF	-0.01	-0.87	0.38	-0.62	-0.45		-0.15	-0.17	0.6	-0.48	THNCF
TSPH	-0.26	0.22	-0.72	0.66	-0.02	-0.15		0.15	-0.27	0.06	TSPH
ADPXY	0.21	0.32	-0.51	0.5	0.59	-0.17	0.15		-0.68	0.64	ADPXY
HAIVF	-0.37	-0.63	0.62	-0.73	-0.82	0.6	-0.27	-0.68		-0.81	HAIVF
XTRAF	0.38	0.54	-0.34	0.41	0.86	-0.48	0.06	0.64	-0.81		XTRAF
	TDMMF	FHGDF	WONDF	ITMSF	SYZLF	THNCF	TSPH	ADPXY	HAIVF	XTRAF

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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

XTRAF	+ 0.86	SYZLF
ITMSF	+ 0.7	FHGDF
TSPH	+ 0.66	ITMSF
XTRAF	+ 0.64	ADPXY
HAIVF	+ 0.62	WONDF
HAIVF	+ 0.6	THNCF

High negative correlations

THNCF	- 0.87	FHGDF
HAIVF	- 0.82	SYZLF
XTRAF	- 0.81	HAIVF
ITMSF	- 0.78	WONDF
HAIVF	- 0.73	ITMSF
TSPH	- 0.72	WONDF

Risk-Adjusted Indicators

There is a big difference between Blueone Pink Sheet performing well and Blueone Card 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 Blueone Card'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
TDMMF	2.07	(0.30)	0.00	(0.17)	0.00	0.00	0.00	0.00	81.84
FHGDF	1.61	(0.24)	0.00	(0.10)	0.00	0.00	0.00	0.00	53.33
WONDF	1.66	0.32	0.05	(24.37)	1.72	(4.90)	5.00	(4.55)	10.56
ITMSF	2.84	(0.81)	0.00	(0.62)	0.00	0.00	4.58	(5.15)	19.64
SYZLF	2.10	(0.38)	0.00	0.67	0.00	0.00	4.00	(5.48)	20.14
THNCF	1.07	0.09	0.01	(0.81)	1.33	(3.04)	2.29	(2.04)	18.52
TSPH	7.18	0.74	0.05	0.34	13.50	(9.41)	14.29	(9.52)	139.89
ADPXY	1.11	(0.56)	0.00	2.84	0.00	0.00	0.00	0.00	35.03
HAIVF	2.25	1.13	0.55	4.40	0.59	(3.69)	6.68	(2.47)	17.52
XTRAF	2.99	(0.19)	0.00	(0.33)	0.00	0.00	5.41	(5.26)	16.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blueone Card 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.

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