Bullet Blockchain Correlations

BULTDelisted Stock

USD 0.07 0.02 17.81%

The correlation of Bullet Blockchain 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.

Bullet Blockchain Correlation With Market

Pay attention - limited upside

The correlation between Bullet Blockchain and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bullet Blockchain and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bullet Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bullet Blockchain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bullet Blockchain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bullet Blockchain to buy it.

Moving together with Bullet Pink Sheet

0.65

CGXYY

China Galaxy Securities

Pair Corr

Moving against Bullet Pink Sheet

0.84	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.84	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.78	MFG	Mizuho Financial	Pair Corr
0.76	MZHOF	Mizuho Financial	Pair Corr
0.75	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.74	MS-PK	Morgan Stanley	Pair Corr
0.73	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.71	GS	Goldman Sachs Group	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.61	IBKR	Interactive Brokers	Pair Corr
0.55	GS-PD	Goldman Sachs	Pair Corr
0.53	MS	Morgan Stanley	Pair Corr
0.46	GS-PA	Goldman Sachs	Pair Corr
0.44	SCHW	Charles Schwab Corp	Pair Corr
0.34	MS-PA	Morgan Stanley	Pair Corr
0.77	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.72	EMMA	Emmaus Life Sciences	Pair Corr
0.67	TATT	Tat Techno	Pair Corr
0.67	MTNOF	MTN Group Limited	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.62	YLLXF	Yellow Cake plc	Pair Corr
0.58	CAMZF	Camino Minerals	Pair Corr
0.54	TLOFF	Talon Metals Corp	Pair Corr
0.53	NNBR	NN Inc	Pair Corr
0.52	UMAC	Unusual Machines Buyout Trend	Pair Corr
0.52	NTZ	Natuzzi SpA	Pair Corr
0.51	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.49	PNRG	PrimeEnergy	Pair Corr
0.37	NNRHF	Neinor Homes SA Earnings Call This Week	Pair Corr
0.33	GAYMF	Galway Metals	Pair Corr
0.74	BNEFF	Bonterra Energy Corp	Pair Corr
0.71	GRBK	Green Brick Partners Earnings Call This Week	Pair Corr
0.69	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.68	FRSB	First Resource Bank	Pair Corr
0.65	ZDZT	Zhengduozhe Technology	Pair Corr
0.63	PLSE	Pulse Biosciences	Pair Corr

Related Correlations Analysis

	ARBKF	HAFG	ARCNF	NIDB	DENI	PEBC	LFGP	MSVB	CEFC	YOTA
ARBKF		0.0	0.42	-0.81	-0.89	0.57	-0.63	0.31	-0.92	0.74	ARBKF
HAFG	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HAFG
ARCNF	0.42	0.0		-0.48	-0.38	0.16	-0.79	0.81	-0.42	0.15	ARCNF
NIDB	-0.81	0.0	-0.48		0.68	-0.23	0.73	-0.37	0.82	-0.43	NIDB
DENI	-0.89	0.0	-0.38	0.68		-0.5	0.55	-0.28	0.85	-0.67	DENI
PEBC	0.57	0.0	0.16	-0.23	-0.5		-0.2	0.14	-0.47	0.88	PEBC
LFGP	-0.63	0.0	-0.79	0.73	0.55	-0.2		-0.6	0.66	-0.24	LFGP
MSVB	0.31	0.0	0.81	-0.37	-0.28	0.14	-0.6		-0.28	0.09	MSVB
CEFC	-0.92	0.0	-0.42	0.82	0.85	-0.47	0.66	-0.28		-0.67	CEFC
YOTA	0.74	0.0	0.15	-0.43	-0.67	0.88	-0.24	0.09	-0.67		YOTA
	ARBKF	HAFG	ARCNF	NIDB	DENI	PEBC	LFGP	MSVB	CEFC	YOTA

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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

YOTA	+ 0.88	PEBC
CEFC	+ 0.85	DENI
CEFC	+ 0.82	NIDB
MSVB	+ 0.81	ARCNF
YOTA	+ 0.74	ARBKF
LFGP	+ 0.73	NIDB

High negative correlations

CEFC	- 0.92	ARBKF
DENI	- 0.89	ARBKF
NIDB	- 0.81	ARBKF
LFGP	- 0.79	ARCNF
YOTA	- 0.67	CEFC
YOTA	- 0.67	DENI

Risk-Adjusted Indicators

There is a big difference between Bullet Pink Sheet performing well and Bullet Blockchain 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 Bullet Blockchain'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
ARBKF	23.67	0.08	0.00	(0.12)	24.17	(32.63)	50.00	(40.00)	190.00
HAFG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARCNF	1.87	(0.96)	0.00	(97.65)	0.00	0.00	0.00	0.00	62.50
NIDB	0.79	0.17	0.04	(5.81)	1.18	(1.14)	2.78	(2.68)	8.82
DENI	1.57	0.32	0.08	(1.96)	2.07	(2.38)	6.14	(5.22)	13.79
PEBC	0.29	(0.05)	0.00	12.82	0.00	0.00	0.63	(1.02)	3.13
LFGP	0.80	0.27	0.16	(4.32)	0.50	(1.32)	3.31	(1.23)	9.08
MSVB	0.22	0.09	0.20	(2.37)	0.00	(0.63)	0.42	(0.30)	4.49
CEFC	0.49	0.09	0.07	1.55	0.34	(1.05)	1.19	(1.06)	4.12
YOTA	2.49	(1.23)	0.00	1.00	0.00	0.00	0.00	0.00	83.59

Bullet Blockchain 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 Bullet Blockchain pink sheet to make a market-neutral strategy. Peer analysis of Bullet Blockchain could also be used in its relative valuation, which is a method of valuing Bullet Blockchain by comparing valuation metrics with similar companies.

Argo Blockchain PLC Holistic Asset Finance Arcane Crypto AB Northeast Indiana Bancorp Denali Bancorporation Peoples Bancorp Ledyard Financial Group Mid Southern Bancorp Commercial National Financial Yotta Acquisition American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Bullet Blockchain Corporate Management

Paul Karpeta	Principal Consultant	Profile
Nicola Newmarch	COO Sec	Profile
Simon Rubin	CEO Director	Profile
Kenneth Roberts	Chairman CEO	Profile

Still Interested in Bullet Blockchain?

Investing in delisted pink sheets can be risky, as the pink sheet 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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