Bullish Correlations

BLSH Stock

42.86 0.19 0.45%

The current 90-days correlation between Bullish and Confluent is 0.21 (i.e., Modest 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 0.48 (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 real.

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

Moving together with Bullish Stock

0.87	KLAR	Klarna Group plc	Pair Corr
0.94	ODD	ODDITY Tech	Pair Corr
0.94	RZLV	Rezolve AI Limited Buyout Trend	Pair Corr
0.92	DFDV	DeFi Development Corp Symbol Change	Pair Corr
0.89	JD	JD Inc Adr	Pair Corr
0.65	GRCMF	Green Shift Commodities	Pair Corr
0.61	GTBIF	Green Thumb Industries	Pair Corr

Moving against Bullish Stock

0.49	VLKAF	Volkswagen AG	Pair Corr
0.48	VWAGY	Volkswagen AG 110	Pair Corr
0.43	ACN	Accenture plc Sell-off Trend	Pair Corr
0.41	WMT	Walmart Common Stock	Pair Corr
0.41	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.35	OS	OneStream, Class A	Pair Corr
0.86	CBTN	Citizens Bancorp Inv	Pair Corr
0.81	LSBK	Lake Shore Bancorp	Pair Corr
0.66	ACRE	Ares Commercial Real	Pair Corr
0.61	UTL	UNITIL	Pair Corr
0.59	CDNA	CareDx Inc	Pair Corr
0.55	SCCO	Southern Copper	Pair Corr
0.5	SPGI	SP Global	Pair Corr
0.45	TEVJF	Teva Pharmaceutical	Pair Corr
0.42	DBSDF	DBS Group Holdings	Pair Corr
0.33	VLKPF	Volkswagen AG VZO	Pair Corr
0.93	CAH	Cardinal Health	Pair Corr
0.84	ACR-PC	ACRES Commercial Realty	Pair Corr
0.77	NGG	National Grid PLC	Pair Corr
0.75	MMM	3M Company	Pair Corr
0.62	YETI	YETI Holdings	Pair Corr
0.57	LIFFF	Li FT Power	Pair Corr

Related Correlations Analysis

	CFLT	DOX	PATH	ESTC	VRNS	SOUN	DBX	KVYO	WIX	TTAN
CFLT		-0.18	0.66	-0.35	-0.49	-0.51	-0.61	0.24	-0.59	0.44	CFLT
DOX	-0.18		0.05	0.6	0.58	0.75	0.04	-0.2	0.67	0.28	DOX
PATH	0.66	0.05		-0.24	-0.09	0.03	-0.64	-0.2	-0.4	0.35	PATH
ESTC	-0.35	0.6	-0.24		0.37	0.47	0.34	-0.13	0.7	-0.09	ESTC
VRNS	-0.49	0.58	-0.09	0.37		0.86	0.17	-0.3	0.72	0.23	VRNS
SOUN	-0.51	0.75	0.03	0.47	0.86		0.08	-0.48	0.71	0.08	SOUN
DBX	-0.61	0.04	-0.64	0.34	0.17	0.08		0.37	0.5	-0.16	DBX
KVYO	0.24	-0.2	-0.2	-0.13	-0.3	-0.48	0.37		0.05	0.5	KVYO
WIX	-0.59	0.67	-0.4	0.7	0.72	0.71	0.5	0.05		0.23	WIX
TTAN	0.44	0.28	0.35	-0.09	0.23	0.08	-0.16	0.5	0.23		TTAN
	CFLT	DOX	PATH	ESTC	VRNS	SOUN	DBX	KVYO	WIX	TTAN

Please upgrade your account to get full access to Macroaxis premium features

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
SOUN	+ 0.75	DOX
WIX	+ 0.72	VRNS
WIX	+ 0.71	SOUN
WIX	+ 0.7	ESTC
WIX	+ 0.67	DOX

High negative correlations

DBX	- 0.64	PATH
DBX	- 0.61	CFLT
WIX	- 0.59	CFLT
SOUN	- 0.51	CFLT
VRNS	- 0.49	CFLT
KVYO	- 0.48	SOUN

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	2.42	0.62	0.30	0.71	1.54	(3.29)	7.56	(3.67)	29.45
DOX	0.90	(0.09)	0.00	(0.17)	0.00	0.00	1.38	(1.79)	10.59
PATH	3.45	0.33	0.09	0.27	3.86	(3.86)	6.74	(7.23)	31.59
ESTC	2.16	(0.20)	0.00	(0.68)	0.00	0.00	3.82	(3.76)	20.71
VRNS	2.50	(0.68)	0.00	(0.45)	0.00	0.00	3.86	(3.09)	54.22
SOUN	3.35	(0.73)	0.00	(0.25)	0.00	0.00	8.66	(8.04)	22.04
DBX	1.49	(0.17)	0.00	(0.20)	0.00	0.00	2.57	(2.48)	15.22
KVYO	2.28	(0.18)	0.00	(0.10)	0.00	0.00	5.07	(5.10)	12.79
WIX	2.53	(0.83)	0.00	(0.98)	0.00	0.00	5.16	(4.33)	27.47
TTAN	1.75	(0.05)	(0.02)	0.01	2.18	(1.77)	3.19	(3.44)	12.35

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC