Bluejay Mining Correlations

BLLYF Stock

USD 0.01 0.0005 6.25%

The current 90-days correlation between Bluejay Mining plc and Helium One Global is 0.14 (i.e., Average diversification). The correlation of Bluejay Mining 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.

Bluejay Mining Correlation With Market

Good diversification

The correlation between Bluejay Mining plc and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bluejay Mining plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Bluejay Pink Sheet

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0.64	GSVRF	Guanajuato Silver	Pair Corr
0.6	DDS	Dillards,	Pair Corr
0.57	PHAR	Pharming Group NV	Pair Corr
0.48	ULTA	Ulta Beauty	Pair Corr
0.46	AKAM	Akamai Technologies	Pair Corr
0.45	RLMD	Relmada Therapeutics	Pair Corr
0.45	AVTBF	Avant Brands	Pair Corr
0.44	DNLMY	Dunelm Group PLC	Pair Corr
0.35	REGN	Regeneron Pharmaceuticals	Pair Corr
0.65	IDN	Intellicheck Mobilisa	Pair Corr
0.58	SHIP	Seanergy Maritime	Pair Corr
0.56	TAK	Takeda Pharmaceutical	Pair Corr
0.34	GM	General Motors	Pair Corr

Related Correlations Analysis

	KVGOF	HLOGF	AOTVF	LLKKF	IBATF	SHERF	NBMFF	ZNWLF	GDTRF	SRGXF
KVGOF		0.2	-0.57	-0.6	0.57	-0.63	0.36	-0.37	-0.27	-0.52	KVGOF
HLOGF	0.2		0.0	-0.01	-0.03	-0.11	-0.02	-0.24	-0.2	0.01	HLOGF
AOTVF	-0.57	0.0		0.72	-0.54	0.77	-0.16	0.25	0.44	0.74	AOTVF
LLKKF	-0.6	-0.01	0.72		-0.8	0.84	-0.38	0.38	0.72	0.91	LLKKF
IBATF	0.57	-0.03	-0.54	-0.8		-0.65	0.61	-0.62	-0.47	-0.72	IBATF
SHERF	-0.63	-0.11	0.77	0.84	-0.65		-0.29	0.35	0.7	0.78	SHERF
NBMFF	0.36	-0.02	-0.16	-0.38	0.61	-0.29		-0.53	-0.09	-0.31	NBMFF
ZNWLF	-0.37	-0.24	0.25	0.38	-0.62	0.35	-0.53		0.15	0.32	ZNWLF
GDTRF	-0.27	-0.2	0.44	0.72	-0.47	0.7	-0.09	0.15		0.66	GDTRF
SRGXF	-0.52	0.01	0.74	0.91	-0.72	0.78	-0.31	0.32	0.66		SRGXF
	KVGOF	HLOGF	AOTVF	LLKKF	IBATF	SHERF	NBMFF	ZNWLF	GDTRF	SRGXF

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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

SRGXF	+ 0.91	LLKKF
SHERF	+ 0.84	LLKKF
SRGXF	+ 0.78	SHERF
SHERF	+ 0.77	AOTVF
SRGXF	+ 0.74	AOTVF
LLKKF	+ 0.72	AOTVF

High negative correlations

IBATF	- 0.8	LLKKF
SRGXF	- 0.72	IBATF
SHERF	- 0.65	IBATF
SHERF	- 0.63	KVGOF
ZNWLF	- 0.62	IBATF
LLKKF	- 0.6	KVGOF

Risk-Adjusted Indicators

There is a big difference between Bluejay Pink Sheet performing well and Bluejay Mining 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 Bluejay Mining'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
KVGOF	4.07	(0.32)	0.00	0.39	0.00	0.00	6.49	(15.83)	91.28
HLOGF	12.79	2.04	0.11	4.38	12.36	(22.19)	33.33	(25.00)	85.71
AOTVF	125.82	55.78	5.85	0.66	7.31	(164.09)	14.29	(20.65)	4,240
LLKKF	6.62	2.64	0.31	(2.22)	6.38	(7.70)	20.07	(10.00)	44.35
IBATF	6.88	(0.59)	0.00	(0.60)	0.00	0.00	9.09	(14.29)	71.43
SHERF	3.67	0.83	0.06	0.80	3.91	(13.04)	11.11	(10.00)	35.00
NBMFF	8.55	0.85	0.04	(0.25)	9.99	(15.51)	21.21	(20.51)	104.71
ZNWLF	239.62	131.94	0.00	(0.85)	0.00	0.00	8.33	0.00	7,938
GDTRF	4.12	0.76	0.13	(0.40)	3.60	(6.31)	11.48	(6.94)	22.43
SRGXF	6.22	1.17	0.22	0.34	4.62	(10.06)	15.79	(9.09)	40.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bluejay Mining 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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Bluejay Mining Corporate Management

Thomas Levin	Chief Finland	Profile
Bo Stensgaard	General Manager	Profile
BSc BSc	Exploration Mang	Profile
BEng ACSM	Ex Chairman	Profile
Urpo Kuronen	Chief Oy	Profile
Hans Jensen	Managing AS	Profile

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