Blue Sphere Correlations
| BLSP Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Blue Sphere Corp and Ozop Surgical Corp is 0.1 (i.e., Average diversification). The correlation of Blue Sphere 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Blue Sphere Correlation With Market
Good diversification
The correlation between Blue Sphere Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Sphere Corp and DJI in the same portfolio, assuming nothing else is changed.
Blue |
Moving against Blue Stock
| 0.59 | CBZ | CBIZ Inc | PairCorr |
| 0.56 | WM | Waste Management | PairCorr |
| 0.56 | DRVN | Driven Brands Holdings | PairCorr |
| 0.55 | LZ | LegalZoom | PairCorr |
| 0.55 | VRSK | Verisk Analytics | PairCorr |
| 0.53 | EXLS | ExlService Holdings | PairCorr |
| 0.51 | VSEC | VSE Corporation | PairCorr |
| 0.48 | SQ | Block Inc Sell-off Trend | PairCorr |
| 0.47 | ABM | ABM Industries Fiscal Year End 11th of December 2024 | PairCorr |
| 0.46 | G | Genpact Limited | PairCorr |
| 0.45 | ADP | Automatic Data Processing | PairCorr |
| 0.44 | VIRC | Virco Manufacturing Earnings Call Next Week | PairCorr |
| 0.42 | BR | Broadridge Financial | PairCorr |
| 0.36 | AXR | AMREP | PairCorr |
| 0.35 | EEFT | Euronet Worldwide | PairCorr |
| 0.31 | KC | Kingsoft Cloud Holdings Upward Rally | PairCorr |
| 0.57 | FVRR | Fiverr International | PairCorr |
| 0.55 | HCSG | Healthcare Services | PairCorr |
| 0.53 | CXW | CoreCivic | PairCorr |
| 0.5 | DLX | Deluxe | PairCorr |
| 0.5 | KAR | KAR Auction Services | PairCorr |
| 0.48 | GFL | Gfl Environmental | PairCorr |
| 0.46 | DNB | Dun Bradstreet Holdings | PairCorr |
| 0.46 | RBA | RB Global | PairCorr |
| 0.46 | YIBO | Planet Image Interna | PairCorr |
| 0.45 | IIIV | i3 Verticals | PairCorr |
| 0.42 | RSG | Republic Services | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Blue Stock performing well and Blue Sphere 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 Blue Sphere'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OZSC | 4.59 | 0.12 | 0.00 | 0.05 | 0.00 | 11.11 | 38.38 | |||
| AITX | 4.21 | 0.22 | (0.01) | (0.07) | 4.30 | 3.85 | 64.29 | |||
| SNPW | 4.79 | 0.87 | 0.05 | 1.84 | 6.38 | 18.33 | 70.72 | |||
| PLYZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GTLL | 41.42 | 10.75 | 0.22 | 1.24 | 28.54 | 100.00 | 166.67 |