Bullet Blockchain Correlations
| BULT Stock | USD 0.07 0.02 17.81% |
The current 90-days correlation between Bullet Blockchain and Holistic Asset Finance is 0.17 (i.e., Average diversification). 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
Significant diversification
The correlation between Bullet Blockchain and DJI is 0.05 (i.e., Significant diversification) 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.
Bullet |
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
| 0.74 | CGXYY | China Galaxy Securities | PairCorr |
| 0.67 | GS-PA | Goldman Sachs Earnings Call This Week | PairCorr |
| 0.67 | MS-PA | Morgan Stanley Earnings Call This Week | PairCorr |
| 0.68 | MSFT | Microsoft | PairCorr |
| 0.62 | PG | Procter Gamble | PairCorr |
| 0.63 | HPQ | HP Inc | PairCorr |
| 0.67 | HD | Home Depot Sell-off Trend | PairCorr |
Moving against Bullet Pink Sheet
| 0.77 | PTAIY | Astra International Tbk | PairCorr |
| 0.73 | MS | Morgan Stanley Earnings Call This Week | PairCorr |
| 0.72 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | FTV | Fortive Corp | PairCorr |
| 0.68 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.63 | GS | Goldman Sachs Group Earnings Call This Week | PairCorr |
| 0.6 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.47 | SCHW | Charles Schwab Corp | PairCorr |
| 0.42 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.38 | PBCRY | Bank Central Asia | PairCorr |
| 0.76 | CAT | Caterpillar | PairCorr |
| 0.73 | CSCO | Cisco Systems | PairCorr |
| 0.72 | BAC | Bank of America Earnings Call This Week | PairCorr |
| 0.71 | DD | Dupont De Nemours | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp | PairCorr |
| 0.56 | WMT | Walmart Common Stock | PairCorr |
| 0.53 | JPM | JPMorgan Chase Earnings Call This Week | PairCorr |
| 0.44 | TRV | The Travelers Companies | PairCorr |
| 0.39 | IBM | International Business | PairCorr |
| 0.38 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
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
|
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 | 24.49 | 1.57 | 0.05 | (0.24) | 23.34 | 57.14 | 183.33 | |||
| HAFG | 0.82 | (0.31) | 0.00 | 0.76 | 0.00 | 0.00 | 23.73 | |||
| ARCNF | 0.64 | (0.34) | 0.00 | (2.67) | 0.00 | 0.00 | 21.57 | |||
| NIDB | 0.47 | 0.07 | 0.01 | 0.59 | 0.84 | 1.87 | 7.18 | |||
| DENI | 2.08 | 0.08 | 0.00 | (0.21) | 3.02 | 6.15 | 13.79 | |||
| PEBC | 0.33 | (0.05) | 0.00 | (1.91) | 0.00 | 1.54 | 4.76 | |||
| LFGP | 0.78 | 0.15 | 0.05 | (0.40) | 0.79 | 2.05 | 9.08 | |||
| MSVB | 0.22 | 0.09 | 0.10 | (6.44) | 0.00 | 0.42 | 4.49 | |||
| CEFC | 0.70 | 0.20 | 0.18 | 0.63 | 0.37 | 2.02 | 5.36 | |||
| YOTA | 2.50 | (1.13) | 0.00 | 0.83 | 0.00 | 0.00 | 87.34 |
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.
| 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 |