Blade Air Correlations

BLDE Stock

USD 4.11 0.13 3.27%

The current 90-days correlation between Blade Air Mobility and Auckland International Airport is 0.08 (i.e., Significant diversification). The correlation of Blade Air 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.

Blade Air Correlation With Market

Weak diversification

The correlation between Blade Air Mobility and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blade Air Mobility and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Blade Stock

0.77	JOBY	Joby Aviation	Pair Corr
0.81	BLDEW	Blade Air Mobility	Pair Corr
0.65	DE	Deere Company	Pair Corr

Moving against Blade Stock

0.33	J	Jacobs Solutions	Pair Corr
0.49	GD	General Dynamics Earnings Call This Week	Pair Corr
0.32	BW	Babcock Wilcox Enter	Pair Corr
0.56	SB	Safe Bulkers	Pair Corr
0.39	OP	Oceanpal	Pair Corr
0.35	NX	Quanex Building Products	Pair Corr
0.35	ST	Sensata Technologies	Pair Corr

Related Correlations Analysis

	ASR	AUKNY	ARRPY	ANNSF	ANYYY	OMAB	PAC	CAAP	ASLE
ASR		0.42	-0.1	-0.01	0.12	0.41	-0.05	-0.12	0.01	ASR
AUKNY	0.42		-0.56	-0.27	-0.24	0.62	0.19	-0.13	0.18	AUKNY
ARRPY	-0.1	-0.56		0.33	0.3	-0.38	-0.23	0.17	-0.25	ARRPY
ANNSF	-0.01	-0.27	0.33		0.93	-0.53	-0.48	-0.27	-0.61	ANNSF
ANYYY	0.12	-0.24	0.3	0.93		-0.54	-0.5	-0.34	-0.61	ANYYY
OMAB	0.41	0.62	-0.38	-0.53	-0.54		0.53	0.42	0.57	OMAB
PAC	-0.05	0.19	-0.23	-0.48	-0.5	0.53		0.46	0.75	PAC
CAAP	-0.12	-0.13	0.17	-0.27	-0.34	0.42	0.46		0.31	CAAP
ASLE	0.01	0.18	-0.25	-0.61	-0.61	0.57	0.75	0.31		ASLE
	ASR	AUKNY	ARRPY	ANNSF	ANYYY	OMAB	PAC	CAAP	ASLE

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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

ANYYY	+ 0.93	ANNSF
ASLE	+ 0.75	PAC
OMAB	+ 0.62	AUKNY
ASLE	+ 0.57	OMAB
PAC	+ 0.53	OMAB
CAAP	+ 0.46	PAC

High negative correlations

ASLE	- 0.61	ANYYY
ASLE	- 0.61	ANNSF
ARRPY	- 0.56	AUKNY
OMAB	- 0.54	ANYYY
OMAB	- 0.53	ANNSF
PAC	- 0.5	ANYYY

Risk-Adjusted Indicators

There is a big difference between Blade Stock performing well and Blade Air 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 Blade Air'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
ASR	1.29	(0.05)	0.00	(0.14)	0.00	0.00	2.96	(2.58)	8.13
AUKNY	0.94	0.02	0.00	(0.10)	1.40	(4.14)	2.61	(3.74)	15.85
ARRPY	0.54	(0.16)	0.00	1.14	0.00	0.00	0.00	(3.32)	13.09
ANNSF	0.67	(0.15)	0.00	(0.97)	0.00	0.00	1.24	(1.78)	5.61
ANYYY	1.06	(0.10)	0.00	(0.43)	0.00	0.00	1.83	(2.51)	6.48
OMAB	1.81	0.26	0.11	0.78	2.06	(2.00)	3.71	(3.74)	9.15
PAC	1.55	0.18	0.09	0.84	1.61	(1.85)	3.99	(2.81)	9.70
CAAP	1.76	0.05	0.01	0.21	2.47	(1.85)	3.52	(3.49)	12.51
ASLE	1.84	0.35	0.14	2.04	2.04	(1.96)	4.14	(2.71)	12.13

Blade Air Corporate Management

Amir Cohen	Chief Officer	Profile
Seth Bacon	LLC Medical	Profile
Mathew Schneider	Vice Finance	Profile
Brandon Keene	Chief Officer	Profile
Robert Wiesenthal	CEO Director	Profile

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