BZAM Correlations
| BZAMF Stock | 0.0001 0.00 0.00% |
The current 90-days correlation between BZAM and Udemy Inc is -0.17 (i.e., Good diversification). The correlation of BZAM 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.
BZAM Correlation With Market
Good diversification
The correlation between BZAM and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BZAM and DJI in the same portfolio, assuming nothing else is changed.
BZAM |
The ability to find closely correlated positions to BZAM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BZAM 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 BZAM - 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 BZAM to buy it.
Moving together with BZAM Pink Sheet
| 0.63 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against BZAM Pink Sheet
| 0.86 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.83 | NVDA | NVIDIA | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.75 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.74 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.74 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.73 | HPQ | HP Inc | PairCorr |
| 0.69 | GOOG | Alphabet Class C | PairCorr |
| 0.69 | AMZN | Amazon Inc | PairCorr |
| 0.69 | META | Meta Platforms | PairCorr |
| 0.68 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
| 0.65 | DIS | Walt Disney | PairCorr |
| 0.62 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.58 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.58 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.42 | AAPL | Apple Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 BZAM Pink Sheet performing well and BZAM 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 BZAM'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UDMY | 1.89 | (0.25) | 0.00 | (0.02) | 0.00 | 3.38 | 12.70 | |||
| BEDU | 2.62 | 0.17 | 0.00 | (0.18) | 3.20 | 5.56 | 18.70 | |||
| CAHPF | 2.55 | 0.20 | 0.05 | 0.32 | 2.75 | 5.39 | 21.17 | |||
| WBTN | 3.08 | (0.32) | 0.00 | (0.07) | 0.00 | 7.65 | 20.14 | |||
| DJCO | 1.99 | 0.03 | 0.12 | 0.13 | 1.98 | 3.57 | 17.89 | |||
| EDTK | 2.96 | (0.08) | 0.00 | 0.32 | 0.00 | 6.25 | 13.80 | |||
| ACCO | 1.66 | (0.01) | 0.04 | 0.12 | 1.66 | 4.55 | 10.48 | |||
| ZNAE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
BZAM 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 BZAM pink sheet to make a market-neutral strategy. Peer analysis of BZAM could also be used in its relative valuation, which is a method of valuing BZAM by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |