BizRocket Correlations
| BZRT Stock | USD 0.0001 0.00 0.00% |
The correlation of BizRocket 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.
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Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between BizRocket Stock performing well and BizRocket 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 BizRocket'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JBARF | 1.62 | 0.20 | 0.06 | 0.45 | 1.85 | 4.23 | 11.13 | |||
| SNCY | 2.10 | 0.60 | 0.32 | 0.35 | 1.47 | 5.15 | 17.30 | |||
| FREDF | 2.61 | 0.87 | 0.00 | 0.47 | 0.00 | 0.00 | 97.98 | |||
| SULMF | 8.46 | 4.81 | 0.00 | (0.64) | 0.00 | 0.00 | 283.33 | |||
| 97068LAA6 | 1.36 | 0.09 | 0.01 | 1.02 | 2.18 | 3.12 | 16.98 | |||
| PBR | 1.32 | 0.47 | 0.21 | (1.91) | 1.28 | 3.62 | 8.96 | |||
| 91412NBE9 | 0.90 | 0.00 | (0.09) | 0.06 | 1.01 | 2.47 | 5.39 | |||
| NOC | 1.42 | 0.36 | 0.17 | 0.90 | 1.50 | 3.38 | 9.88 | |||
| USB-PS | 0.35 | 0.03 | (0.08) | 0.21 | 0.24 | 0.86 | 1.91 |