BlockMint Technologies Correlations
| BKMT Stock | CAD 0.04 0.01 14.29% |
The correlation of BlockMint Technologies 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.
BlockMint Technologies Correlation With Market
Very good diversification
The correlation between BlockMint Technologies and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlockMint Technologies and DJI in the same portfolio, assuming nothing else is changed.
BlockMint |
The ability to find closely correlated positions to BlockMint Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BlockMint Technologies 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 BlockMint Technologies - 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 BlockMint Technologies to buy it.
Moving against BlockMint Stock
| 0.82 | SAP | Saputo Inc | PairCorr |
| 0.82 | SFI | Solution Financial | PairCorr |
| 0.8 | TD | Toronto Dominion Bank | PairCorr |
| 0.8 | AVR | Avaron Mining Corp | PairCorr |
| 0.79 | FFN | North American Financial | PairCorr |
| 0.78 | PD | Precision Drilling | PairCorr |
| 0.77 | IGM | IGM Financial | PairCorr |
| 0.73 | NPTH | NeuPath Health | PairCorr |
| 0.69 | YES | CHAR Technologies | PairCorr |
| 0.64 | PNTR | Pantera Silver Corp | PairCorr |
| 0.59 | CCL-A | CCL Industries | PairCorr |
| 0.58 | HAI | Haivision Systems | PairCorr |
| 0.52 | AX-UN | Artis Real Estate | PairCorr |
| 0.52 | CGNT | Copper Giant Resources | PairCorr |
| 0.46 | VAU | Viva Gold Corp | PairCorr |
| 0.44 | SDR | Stroud Resources | PairCorr |
| 0.44 | RUP | Rupert Resources | PairCorr |
| 0.42 | MRT-UN | Morguard Real Estate | PairCorr |
| 0.36 | ELR | Eastern Platinum | PairCorr |
| 0.36 | STRR | Star Royalties | PairCorr |
| 0.35 | CN | Condor Resources | PairCorr |
| 0.85 | PRM | Big Pharma Split | PairCorr |
| 0.77 | SEA | Seabridge Gold | PairCorr |
| 0.75 | FTU-PB | US Financial 15 | PairCorr |
| 0.74 | POW | Power | PairCorr |
| 0.66 | GRID | Tantalus Systems Holding | PairCorr |
| 0.62 | WPK | Winpak | PairCorr |
| 0.61 | CGG | China Gold International | PairCorr |
| 0.6 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.6 | MSV | Minco Silver | PairCorr |
| 0.58 | WPM | Wheaton Precious Metals | PairCorr |
| 0.55 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.53 | TLO | Talon Metals Corp | PairCorr |
Related Correlations Analysis
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 BlockMint Stock performing well and BlockMint Technologies 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 BlockMint Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BITK | 6.88 | 0.67 | 0.05 | (2.37) | 7.18 | 22.22 | 52.49 | |||
| FNR | 3.00 | 0.31 | 0.00 | 0.13 | 0.00 | 0.00 | 83.33 | |||
| CRWN | 6.03 | 1.00 | 0.05 | (0.40) | 6.84 | 18.00 | 83.83 | |||
| MKZ-UN | 2.79 | 0.34 | 0.06 | 0.46 | 3.17 | 7.84 | 20.00 | |||
| XMF-A | 4.73 | 1.11 | 0.08 | (1.77) | 5.09 | 18.42 | 64.91 | |||
| LITT | 7.54 | 1.07 | 0.08 | 0.33 | 7.98 | 25.00 | 53.90 | |||
| MONT | 8.94 | 1.16 | 0.02 | (0.31) | 12.51 | 50.00 | 100.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BlockMint Technologies 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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