Bullish Correlations

BLSH Stock

37.70 1.96 4.94%

The current 90-days correlation between Bullish and Confluent is 0.07 (i.e., Significant diversification). The correlation of Bullish 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.

Bullish Correlation With Market

Very weak diversification

The correlation between Bullish and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bullish and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bullish Stock

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

For more detail on how to invest in Bullish Stock please use our How to Invest in Bullish guide.

Moving together with Bullish Stock

0.61	PX	P10 Inc	Pair Corr
0.74	PNI	Pinnacle Investment	Pair Corr
0.73	TIP	Teaminvest Private	Pair Corr

Moving against Bullish Stock

0.55	BK	Bank of New York	Pair Corr
0.34	DHIL	Diamond Hill Investment	Pair Corr
0.71	VINP	Vinci Partners Inves	Pair Corr
0.61	MNG	MG Plc	Pair Corr
0.45	MNTN	Schiehallion	Pair Corr
0.43	VELO	Velo3D	Pair Corr
0.73	DFN	Dividend 15 Split	Pair Corr
0.66	PCFT	Polar Capital Global	Pair Corr
0.63	LBS	Life Banc Split Split	Pair Corr
0.58	SII	Sprott Inc	Pair Corr
0.55	ECCX	Eagle Point Credit	Pair Corr
0.54	ECCC	Eagle Point Credit	Pair Corr

Related Correlations Analysis

	CFLT	DOX	PATH	ESTC	VRNS	SOUN	DBX	KVYO	WIX	TTAN
CFLT		0.17	0.57	-0.42	-0.39	-0.57	-0.75	0.59	-0.56	0.82	CFLT
DOX	0.17		0.25	0.39	0.46	0.47	-0.32	-0.28	0.45	0.27	DOX
PATH	0.57	0.25		-0.19	0.12	0.07	-0.46	0.22	-0.09	0.8	PATH
ESTC	-0.42	0.39	-0.19		0.38	0.53	0.46	-0.33	0.85	-0.29	ESTC
VRNS	-0.39	0.46	0.12	0.38		0.86	0.09	-0.67	0.64	-0.11	VRNS
SOUN	-0.57	0.47	0.07	0.53	0.86		0.28	-0.76	0.82	-0.26	SOUN
DBX	-0.75	-0.32	-0.46	0.46	0.09	0.28		-0.12	0.47	-0.55	DBX
KVYO	0.59	-0.28	0.22	-0.33	-0.67	-0.76	-0.12		-0.51	0.58	KVYO
WIX	-0.56	0.45	-0.09	0.85	0.64	0.82	0.47	-0.51		-0.28	WIX
TTAN	0.82	0.27	0.8	-0.29	-0.11	-0.26	-0.55	0.58	-0.28		TTAN
	CFLT	DOX	PATH	ESTC	VRNS	SOUN	DBX	KVYO	WIX	TTAN

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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

SOUN	+ 0.86	VRNS
WIX	+ 0.85	ESTC
TTAN	+ 0.82	CFLT
WIX	+ 0.82	SOUN
TTAN	+ 0.8	PATH
WIX	+ 0.64	VRNS

High negative correlations

KVYO	- 0.76	SOUN
DBX	- 0.75	CFLT
KVYO	- 0.67	VRNS
SOUN	- 0.57	CFLT
WIX	- 0.56	CFLT
TTAN	- 0.55	DBX

Risk-Adjusted Indicators

There is a big difference between Bullish Stock performing well and Bullish 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 Bullish'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
CFLT	1.72	0.42	0.22	0.82	1.16	(2.24)	3.91	(3.28)	29.51
DOX	0.90	0.03	(0.02)	0.18	1.76	(0.85)	1.55	(1.47)	10.60
PATH	3.21	(0.30)	0.00	(0.07)	0.00	0.00	6.74	(7.23)	31.73
ESTC	1.99	(0.27)	0.00	(0.25)	0.00	0.00	3.42	(3.82)	18.64
VRNS	2.44	(0.69)	0.00	(0.48)	0.00	0.00	3.86	(2.93)	51.73
SOUN	3.05	(0.99)	0.00	(0.36)	0.00	0.00	6.51	(7.70)	20.56
DBX	1.36	(0.14)	0.00	(0.32)	0.00	0.00	2.57	(2.46)	15.22
KVYO	2.09	0.05	0.00	0.21	2.82	(2.26)	5.07	(4.54)	17.39
WIX	2.14	(0.72)	0.00	(1.56)	0.00	0.00	5.16	(4.04)	27.47
TTAN	1.97	(0.13)	0.00	(0.11)	0.00	0.00	3.83	(4.54)	15.08

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