Blue Hat Correlations

BHAT Stock

USD 0.79 0.01 1.25%

The current 90-days correlation between Blue Hat Interactive and Motorsport Gaming Us is -0.04 (i.e., Good 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 -0.53 (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

0.69	SE	Sea	Pair Corr
0.66	CI7	CI GAMES SA	Pair Corr
0.72	NTO	Nintendo	Pair Corr
0.62	TKE	Take Two Interactive	Pair Corr
0.7	NCTY	The9 Ltd ADR	Pair Corr
0.67	BL1	EAST SIDE GAMES	Pair Corr
0.74	0HF	Focus Home Interactive	Pair Corr
0.74	UEN	Ubisoft Entertainment	Pair Corr
0.66	MYPSW	PLAYSTUDIOS	Pair Corr
0.66	EAGR	East Side Games	Pair Corr
0.74	NTNX	Nutanix	Pair Corr

Moving against Blue Stock

0.77	GRVY	Gravity	Pair Corr
0.57	PLY	Playside Studios	Pair Corr
0.45	8P8	REMEDY ENTERTAINMENT OYJ Earnings Call This Week	Pair Corr
0.35	688	PLAY2CHILL SA ZY	Pair Corr
0.71	4H7	TROPHY GAMES DEV	Pair Corr
0.81	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.76	KCDMY	Kimberly Clark de	Pair Corr

Related Correlations Analysis

	MSGM	TBH	GXAI	SONM	ARBB	SMTK	MYSE	SYNX	SOS	ELWS
MSGM		-0.5	0.15	-0.17	-0.17	-0.7	-0.45	-0.18	0.33	0.04	MSGM
TBH	-0.5		0.3	0.81	0.01	0.74	0.49	0.7	-0.4	-0.13	TBH
GXAI	0.15	0.3		0.54	-0.1	-0.03	0.26	0.5	-0.07	-0.11	GXAI
SONM	-0.17	0.81	0.54		0.02	0.53	0.46	0.75	-0.13	-0.06	SONM
ARBB	-0.17	0.01	-0.1	0.02		0.13	0.27	-0.16	0.11	-0.02	ARBB
SMTK	-0.7	0.74	-0.03	0.53	0.13		0.68	0.38	-0.12	-0.17	SMTK
MYSE	-0.45	0.49	0.26	0.46	0.27	0.68		0.19	0.0	-0.12	MYSE
SYNX	-0.18	0.7	0.5	0.75	-0.16	0.38	0.19		-0.09	-0.05	SYNX
SOS	0.33	-0.4	-0.07	-0.13	0.11	-0.12	0.0	-0.09		0.06	SOS
ELWS	0.04	-0.13	-0.11	-0.06	-0.02	-0.17	-0.12	-0.05	0.06		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

SONM	+ 0.81	TBH
SYNX	+ 0.75	SONM
SMTK	+ 0.74	TBH
SYNX	+ 0.7	TBH
MYSE	+ 0.68	SMTK
SONM	+ 0.54	GXAI

High negative correlations

SMTK	- 0.7	MSGM
TBH	- 0.5	MSGM
MYSE	- 0.45	MSGM
SOS	- 0.4	TBH
SYNX	- 0.18	MSGM
ELWS	- 0.17	SMTK

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	6.30	1.19	0.15	0.51	6.90	(7.66)	15.41	(8.29)	104.18
TBH	5.89	(1.64)	0.00	(0.28)	0.00	0.00	10.34	(13.83)	33.23
GXAI	5.01	0.26	0.05	0.19	4.97	(7.89)	11.54	(9.93)	45.26
SONM	6.61	(0.83)	0.00	3.24	0.00	0.00	15.25	(13.45)	38.14
ARBB	5.15	0.21	0.03	0.60	6.20	(6.54)	19.67	(13.91)	41.45
SMTK	6.30	(2.00)	0.00	(0.96)	0.00	0.00	10.13	(15.50)	34.50
MYSE	4.27	(0.70)	0.00	(0.22)	0.00	0.00	9.04	(8.29)	25.91
SYNX	5.38	(0.49)	0.00	(0.56)	0.00	0.00	14.44	(12.12)	34.56
SOS	5.29	(0.18)	0.00	(0.10)	0.00	0.00	9.01	(12.60)	65.45
ELWS	2,610	1,319	66.74	13.94	0.00	(2,578)	11.79	(11.41)	87,549

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