Blue Hat Correlations

BHAT Stock

USD 0.06 0.01 11.81%

The current 90-days correlation between Blue Hat Interactive and Motorsport Gaming Us is 0.08 (i.e., Significant diversification). The correlation of Blue Hat 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.

Blue Hat Correlation With Market

Excellent diversification

The correlation between Blue Hat Interactive and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Hat Interactive and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Blue Stock

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

Moving together with Blue Stock

0.74	SE	Sea	Pair Corr
0.96	DOYU	DouYu International	Pair Corr
0.77	RCL	Readcloud	Pair Corr
0.75	ZN6	GAMES BOX SA	Pair Corr
0.88	4Y01	NETEASE INC ON	Pair Corr
0.82	AZRN	Azerion Group NV	Pair Corr
0.64	2EC	TEAM17 GROUP PLC	Pair Corr
0.83	GCL	GCL Global Holdings	Pair Corr
0.67	6F6	Victory Square Techn	Pair Corr
0.66	11C	11 bit studios	Pair Corr
0.86	1BY	Boyaa Interactive	Pair Corr
0.67	6Y2	SCOUT GAMING GROUP	Pair Corr
0.62	CI7	CI GAMES SA	Pair Corr
0.86	1YS0	STILLFRONT GRP AB	Pair Corr
0.92	NACON	Nacon Sa	Pair Corr
0.74	NTO	Nintendo	Pair Corr
0.61	BET	NorthStar Gaming Holdings	Pair Corr
0.67	FDEV	Frontier Developments Plc	Pair Corr

Moving against Blue Stock

0.86	2HG1	5TH PLANET GAMES	Pair Corr
0.7	GRVY	Gravity	Pair Corr
0.69	GD8A	Gravity Co	Pair Corr
0.51	GIGM	Giga Media	Pair Corr
0.37	6D1	PCF GROUP SA	Pair Corr
0.32	DKI	DarkIris Class A	Pair Corr
0.72	HUYA	HUYA Inc	Pair Corr
0.58	TBLD	Tinybuild	Pair Corr

Related Correlations Analysis

	MSGM	TBH	GXAI	SONM	ARBB	SMTK	MYSE	SYNX	SOS	ELWS
MSGM		-0.68	0.42	0.03	-0.18	-0.65	-0.46	-0.03	0.33	0.07	MSGM
TBH	-0.68		-0.16	0.29	0.44	0.76	0.45	0.27	-0.23	-0.1	TBH
GXAI	0.42	-0.16		0.15	-0.16	-0.38	-0.12	0.09	-0.23	-0.07	GXAI
SONM	0.03	0.29	0.15		0.05	-0.13	0.19	0.0	-0.37	0.17	SONM
ARBB	-0.18	0.44	-0.16	0.05		0.6	0.4	-0.04	0.36	-0.06	ARBB
SMTK	-0.65	0.76	-0.38	-0.13	0.6		0.56	0.0	0.21	-0.18	SMTK
MYSE	-0.46	0.45	-0.12	0.19	0.4	0.56		-0.29	0.0	-0.04	MYSE
SYNX	-0.03	0.27	0.09	0.0	-0.04	0.0	-0.29		-0.1	-0.03	SYNX
SOS	0.33	-0.23	-0.23	-0.37	0.36	0.21	0.0	-0.1		-0.02	SOS
ELWS	0.07	-0.1	-0.07	0.17	-0.06	-0.18	-0.04	-0.03	-0.02		ELWS
	MSGM	TBH	GXAI	SONM	ARBB	SMTK	MYSE	SYNX	SOS	ELWS

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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

SMTK	+ 0.76	TBH
SMTK	+ 0.6	ARBB
MYSE	+ 0.56	SMTK
MYSE	+ 0.45	TBH
ARBB	+ 0.44	TBH
GXAI	+ 0.42	MSGM

High negative correlations

TBH	- 0.68	MSGM
SMTK	- 0.65	MSGM
MYSE	- 0.46	MSGM
SMTK	- 0.38	GXAI
SOS	- 0.37	SONM
SYNX	- 0.29	MYSE

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Hat 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 Blue Hat'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
MSGM	3.27	0.58	0.13	(6.09)	3.19	(3.72)	11.11	(5.53)	21.13
TBH	5.96	(2.12)	0.00	(0.38)	0.00	0.00	10.00	(14.71)	33.23
GXAI	6.19	0.38	0.05	0.49	6.01	(10.21)	18.11	(13.17)	58.34
SONM	7.32	(0.11)	0.00	0.38	0.00	0.00	15.25	(12.93)	38.14
ARBB	3.85	(0.12)	0.00	0.98	0.00	0.00	17.57	(8.79)	41.45
SMTK	6.87	(2.21)	0.00	(3.39)	0.00	0.00	10.45	(15.69)	31.21
MYSE	4.37	(0.01)	0.01	0.09	4.89	(5.12)	9.29	(8.21)	25.91
SYNX	5.29	(0.23)	0.00	(0.19)	0.00	0.00	14.44	(12.12)	34.56
SOS	4.96	0.18	0.04	0.19	5.56	(6.22)	9.01	(8.39)	65.45
ELWS	2,610	1,325	66.74	(147.49)	0.00	(2,578)	11.79	(11.41)	87,549

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