Bullish Correlations

BLSH Stock

27.45 2.55 10.24%

The current 90-days correlation between Bullish and Confluent is 0.03 (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 good diversification

The correlation between Bullish and DJI is -0.42 (i.e., Very good 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 main economic indicators.

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

Moving together with Bullish Stock

0.86	55O1	Apollo Investment Corp	Pair Corr
0.77	MFG	Magellan Financial	Pair Corr

Moving against Bullish Stock

0.72	WT	WisdomTree	Pair Corr
0.59	FT	Franklin Universal Closed	Pair Corr
0.58	HHI	Henderson High Income	Pair Corr
0.52	RA	Brookfield Real Assets	Pair Corr
0.49	DHIL	Diamond Hill Investment	Pair Corr
0.49	SPT6	Beta Systems Software	Pair Corr
0.47	BK	Bank of New York	Pair Corr
0.76	VCTR	Victory Capital Holdings	Pair Corr
0.75	MNTN	Schiehallion Fund	Pair Corr
0.73	ALPN	Alpine Select AG	Pair Corr
0.69	MNG	MG Plc	Pair Corr
0.57	JLEN	JLEN Environmental Assets	Pair Corr
0.48	TEK	Tekcapital plc	Pair Corr
0.46	MIGO	Migo Opportunities Trust	Pair Corr
0.4	SCGL	Sealand Capital Galaxy	Pair Corr
0.34	SSSS-P	Shooting Star Acquisition	Pair Corr
0.72	XOX-P	Planet X Capital	Pair Corr
0.65	SII	Sprott Inc	Pair Corr
0.52	PCFT	Polar Capital Global	Pair Corr
0.51	LBS	Life Banc Split	Pair Corr
0.5	CTPE	CT Private Equity	Pair Corr
0.45	RNT	REINET INVESTMENTS SCA	Pair Corr

Related Correlations Analysis

	CFLT	DOX	PATH	ESTC	VRNS	SOUN	DBX	KVYO	WIX	TTAN
CFLT		0.37	0.34	-0.45	-0.09	-0.63	-0.78	-0.16	-0.54	0.18	CFLT
DOX	0.37		0.33	0.29	0.67	0.25	-0.24	0.16	0.16	0.41	DOX
PATH	0.34	0.33		0.21	0.46	0.24	0.1	0.61	0.14	0.86	PATH
ESTC	-0.45	0.29	0.21		0.68	0.77	0.7	0.51	0.9	0.37	ESTC
VRNS	-0.09	0.67	0.46	0.68		0.6	0.4	0.6	0.5	0.68	VRNS
SOUN	-0.63	0.25	0.24	0.77	0.6		0.71	0.44	0.81	0.36	SOUN
DBX	-0.78	-0.24	0.1	0.7	0.4	0.71		0.59	0.73	0.31	DBX
KVYO	-0.16	0.16	0.61	0.51	0.6	0.44	0.59		0.48	0.87	KVYO
WIX	-0.54	0.16	0.14	0.9	0.5	0.81	0.73	0.48		0.28	WIX
TTAN	0.18	0.41	0.86	0.37	0.68	0.36	0.31	0.87	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

WIX	+ 0.9	ESTC
TTAN	+ 0.87	KVYO
TTAN	+ 0.86	PATH
WIX	+ 0.81	SOUN
SOUN	+ 0.77	ESTC
WIX	+ 0.73	DBX

High negative correlations

DBX	- 0.78	CFLT
SOUN	- 0.63	CFLT
WIX	- 0.54	CFLT
ESTC	- 0.45	CFLT
DBX	- 0.24	DOX
KVYO	- 0.16	CFLT

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	1.47	0.45	0.22	51.46	1.00	(1.80)	3.75	(3.28)	29.51
DOX	1.17	(0.24)	0.00	(0.29)	0.00	0.00	1.55	(2.64)	10.32
PATH	2.99	(0.28)	0.00	0.63	0.00	0.00	6.69	(6.09)	31.73
ESTC	2.28	(0.70)	0.00	(0.51)	0.00	0.00	3.82	(7.02)	18.64
VRNS	2.18	(0.76)	0.00	(0.58)	0.00	0.00	3.86	(6.17)	17.21
SOUN	3.19	(1.20)	0.00	(0.31)	0.00	0.00	6.51	(7.70)	17.58
DBX	1.33	(0.23)	0.00	1.12	0.00	0.00	2.53	(2.46)	15.22
KVYO	2.75	(0.51)	0.00	(0.43)	0.00	0.00	4.71	(9.11)	20.40
WIX	2.51	(0.96)	0.00	(1.27)	0.00	0.00	5.16	(4.83)	22.04
TTAN	2.47	(0.61)	0.00	(0.79)	0.00	0.00	3.89	(4.97)	21.98

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