BZDYF Correlations

Summary

BZDYFDelisted Etf

USD 32.37 0.00 0.00%

The current 90-days correlation between BZDYF and FT Vest Equity is 0.14 (i.e., Average diversification). The correlation of BZDYF 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.

BZDYF Correlation With Market

Average diversification

The correlation between BZDYF and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BZDYF 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 otc etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with BZDYF OTC Etf

0.69	VUG	Vanguard Growth Index	Pair Corr
0.7	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.8	SGG	Barclays Capital	Pair Corr
0.66	YCS	ProShares UltraShort Yen	Pair Corr
0.67	TBT	ProShares UltraShort	Pair Corr
0.7	AXP	American Express Earnings Call This Week	Pair Corr
0.73	WMT	Walmart	Pair Corr

Moving against BZDYF OTC Etf

0.64	VEA	Vanguard FTSE Developed	Pair Corr
0.6	VWO	Vanguard FTSE Emerging	Pair Corr
0.51	VTV	Vanguard Value Index	Pair Corr
0.5	NRGU	Bank Of Montreal	Pair Corr
0.45	BND	Vanguard Total Bond	Pair Corr
0.44	BKT	BlackRock Income Closed	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.81	JNJ	Johnson Johnson Earnings Call Tomorrow	Pair Corr
0.8	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.75	INTC	Intel Earnings Call This Week	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.54	TRV	The Travelers Companies	Pair Corr
0.53	VZ	Verizon Communications Earnings Call Today	Pair Corr
0.51	GE	GE Aerospace Earnings Call Today	Pair Corr
0.35	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.73	-0.57	-0.59	0.32	0.57	0.53	0.34	-0.06	-0.67	META
MSFT	0.73		-0.53	-0.24	0.56	0.23	0.65	0.25	-0.1	-0.47	MSFT
UBER	-0.57	-0.53		0.64	-0.58	-0.08	-0.78	-0.56	0.67	0.81	UBER
F	-0.59	-0.24	0.64		0.01	-0.25	-0.2	-0.07	0.2	0.9	F
T	0.32	0.56	-0.58	0.01		0.0	0.8	0.59	-0.45	-0.23	T
A	0.57	0.23	-0.08	-0.25	0.0		0.12	0.22	0.32	-0.19	A
CRM	0.53	0.65	-0.78	-0.2	0.8	0.12		0.7	-0.59	-0.44	CRM
JPM	0.34	0.25	-0.56	-0.07	0.59	0.22	0.7		-0.62	-0.25	JPM
MRK	-0.06	-0.1	0.67	0.2	-0.45	0.32	-0.59	-0.62		0.32	MRK
XOM	-0.67	-0.47	0.81	0.9	-0.23	-0.19	-0.44	-0.25	0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.9	F
XOM	+ 0.81	UBER
CRM	+ 0.8	T
MSFT	+ 0.73	META
JPM	+ 0.7	CRM
MRK	+ 0.67	UBER

High negative correlations

CRM	- 0.78	UBER
XOM	- 0.67	META
MRK	- 0.62	JPM
MRK	- 0.59	CRM
F	- 0.59	META
T	- 0.58	UBER

BZDYF Competition Risk-Adjusted Indicators

There is a big difference between BZDYF OTC Etf performing well and BZDYF OTC Etf 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 BZDYF'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
META	1.36	0.06	0.03	0.21	1.51	(1.56)	3.43	(3.15)	7.43
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
UBER	1.63	(0.33)	0.00	(26.89)	0.00	0.00	2.67	(5.35)	12.29
F	1.38	(0.08)	0.00	(0.17)	0.00	0.00	2.38	(2.81)	11.21
T	0.97	0.08	0.06	0.24	1.10	(1.04)	1.91	(1.84)	7.96
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
CRM	1.41	0.17	0.10	0.79	1.45	(1.59)	3.16	(2.88)	14.80
JPM	1.03	0.25	0.17	1.11	1.11	(1.17)	1.92	(1.42)	15.87
MRK	1.00	(0.17)	0.00	(0.68)	0.00	0.00	1.74	(2.17)	5.17
XOM	0.76	(0.15)	0.00	(0.37)	0.00	0.00	1.71	(1.67)	6.06

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

BZDYF FT Vest Equity Zillow Group Class Northern Lights VanEck Vectors Moodys Freedom Day Dividend SSGA Active Trust SPDR Nuveen Municipal American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in BZDYF?

Investing in delisted otcs can be risky, as the otc etf 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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