Blender Financial Correlations

BLND Stock

ILA 318.20 11.80 3.58%

The current 90-days correlation between Blender Financial and Wilk Technologies is -0.17 (i.e., Good diversification). The correlation of Blender Financial 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.

Blender Financial Correlation With Market

Good diversification

The correlation between Blender Financial Technologies 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 Blender Financial Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Blender Stock

0.87

DANH

Dan Hotels Earnings Call This Week

Pair Corr

Moving against Blender Stock

0.81	ALRPR	Alrov Properties Lodgings	Pair Corr
0.78	HOD	Hod Assaf Industries	Pair Corr
0.78	JBNK	Jerusalem	Pair Corr
0.77	NAWI	Nawi Brothers Group	Pair Corr
0.72	MLRN	MLRN Projects	Pair Corr
0.71	AVIV	Mordechai Aviv Taasiot	Pair Corr
0.7	PEN	Peninsula Group	Pair Corr
0.68	MCMN	Michman Basad	Pair Corr
0.6	MNIF	Menif Financial Services	Pair Corr
0.59	ISCD	Isracard	Pair Corr
0.5	JCFN	Jacob Finance And	Pair Corr

Related Correlations Analysis

	WILK	DIMRI	BEZQ	TUZA	MIFT	IARG	ORA	ABRA
WILK		-0.46	-0.57	-0.36	0.56	0.65	-0.64	-0.41	WILK
DIMRI	-0.46		0.71	0.36	-0.33	0.09	0.39	0.47	DIMRI
BEZQ	-0.57	0.71		0.26	-0.4	-0.19	0.79	0.76	BEZQ
TUZA	-0.36	0.36	0.26		-0.48	-0.42	0.41	0.56	TUZA
MIFT	0.56	-0.33	-0.4	-0.48		0.36	-0.46	-0.33	MIFT
IARG	0.65	0.09	-0.19	-0.42	0.36		-0.54	-0.38	IARG
ORA	-0.64	0.39	0.79	0.41	-0.46	-0.54		0.82	ORA
ABRA	-0.41	0.47	0.76	0.56	-0.33	-0.38	0.82		ABRA
	WILK	DIMRI	BEZQ	TUZA	MIFT	IARG	ORA	ABRA

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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

ABRA	+ 0.82	ORA
ORA	+ 0.79	BEZQ
ABRA	+ 0.76	BEZQ
BEZQ	+ 0.71	DIMRI
IARG	+ 0.65	WILK
MIFT	+ 0.56	WILK

High negative correlations

ORA	- 0.64	WILK
BEZQ	- 0.57	WILK
ORA	- 0.54	IARG
MIFT	- 0.48	TUZA
ORA	- 0.46	MIFT
DIMRI	- 0.46	WILK

Risk-Adjusted Indicators

There is a big difference between Blender Stock performing well and Blender Financial 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 Blender Financial'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
WILK	1.97	(0.40)	0.00	(1.56)	0.00	0.00	4.69	(4.94)	15.39
DIMRI	1.28	0.10	0.01	0.48	1.63	(1.38)	3.77	(3.00)	7.71
BEZQ	1.30	0.32	0.12	(2.05)	1.29	(1.49)	3.25	(2.35)	8.84
TUZA	2.81	0.06	0.01	0.18	4.22	(2.90)	5.77	(5.97)	20.66
MIFT	2.30	(0.19)	0.00	0.60	0.00	0.00	4.14	(5.59)	16.46
IARG	2.57	(0.19)	0.00	(0.14)	0.00	0.00	6.87	(7.13)	20.27
ORA	1.07	0.13	0.03	0.68	1.41	(1.12)	2.38	(2.00)	6.88
ABRA	1.38	0.06	(0.04)	(0.04)	2.10	(1.49)	2.96	(3.22)	15.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blender Financial 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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