Blockchain Moon Correlations

Summary

BMAQWDelisted Stock

USD 0 0.0005 20.00%

The current 90-days correlation between Blockchain Moon Acqu and Summit Materials is -0.03 (i.e., Good diversification). The correlation of Blockchain Moon 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.

Blockchain Moon Correlation With Market

Very good diversification

The correlation between Blockchain Moon Acquisition and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blockchain Moon Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Blockchain Stock

0.64

Alcoa Corp Potential Growth

Pair Corr

Moving against Blockchain Stock

0.69	BA	Boeing Earnings Call This Week	Pair Corr
0.55	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.54	META	Meta Platforms Earnings Call This Week	Pair Corr
0.44	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.43	MNPR	Monopar Therapeutics Trending	Pair Corr
0.41	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.33	LGCY	Legacy Education	Pair Corr
0.31	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	SUM	VINS	NYXH	HUSIF	HGMCF	HTRC	FKWL	KUYAF
SUM		-0.53	-0.22	-0.78	-0.56	0.0	0.46	-0.85	SUM
VINS	-0.53		-0.16	0.43	0.69	0.0	-0.77	0.72	VINS
NYXH	-0.22	-0.16		0.3	0.26	0.0	0.33	0.33	NYXH
HUSIF	-0.78	0.43	0.3		0.42	0.0	-0.26	0.73	HUSIF
HGMCF	-0.56	0.69	0.26	0.42		0.0	-0.61	0.82	HGMCF
HTRC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HTRC
FKWL	0.46	-0.77	0.33	-0.26	-0.61	0.0		-0.57	FKWL
KUYAF	-0.85	0.72	0.33	0.73	0.82	0.0	-0.57		KUYAF
	SUM	VINS	NYXH	HUSIF	HGMCF	HTRC	FKWL	KUYAF

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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

KUYAF	+ 0.82	HGMCF
KUYAF	+ 0.73	HUSIF
KUYAF	+ 0.72	VINS
HGMCF	+ 0.69	VINS
FKWL	+ 0.46	SUM
HUSIF	+ 0.43	VINS

High negative correlations

KUYAF	- 0.85	SUM
HUSIF	- 0.78	SUM
FKWL	- 0.77	VINS
FKWL	- 0.61	HGMCF
KUYAF	- 0.57	FKWL
HGMCF	- 0.56	SUM

Risk-Adjusted Indicators

There is a big difference between Blockchain Stock performing well and Blockchain Moon 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 Blockchain Moon'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
SUM	1.00	0.34	0.26	2.29	0.57	(1.06)	4.18	(2.22)	9.88
VINS	0.83	(0.45)	0.00	(2.50)	0.00	0.00	0.00	0.00	20.00
NYXH	1.98	0.17	0.06	1.88	1.93	(3.01)	7.83	(3.79)	18.32
HUSIF	2.75	(0.33)	0.00	(2.00)	0.00	0.00	5.26	(8.00)	38.64
HGMCF	1.03	(0.02)	0.00	0.07	0.00	0.00	0.00	0.00	38.00
HTRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FKWL	1.34	0.19	0.09	0.53	1.74	(1.48)	3.61	(2.35)	9.99
KUYAF	2.71	(0.40)	0.00	11.38	0.00	0.00	5.88	(5.56)	29.02

Blockchain Moon Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Blockchain Moon stock to make a market-neutral strategy. Peer analysis of Blockchain Moon could also be used in its relative valuation, which is a method of valuing Blockchain Moon by comparing valuation metrics with similar companies.

Summit Materials Vindicator Silver Lead Mining Nyxoah Nicola Mining Harmony Gold Mining Hunter Creek Mining Franklin Wireless Corp Kuya Silver American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Blockchain Moon Acquisition?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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