Global Blockchain Correlations

GBBK Stock

USD 11.10 0.04 0.36%

The current 90-days correlation between Global Blockchain and Noble Rock Acquisition is -0.29 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Blockchain Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Blockchain Correlation With Market

Average diversification

The correlation between Global Blockchain Acquisition and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Blockchain Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Global Stock

0.62	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.61	VRTS	Virtus Investment	Pair Corr

Moving against Global Stock

0.42	PT	Pintec Technology	Pair Corr
0.47	WU	Western Union	Pair Corr
0.34	XP	Xp Inc	Pair Corr
0.54	BRKHW	BurTech Acquisition Corp	Pair Corr
0.41	BRKHU	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	NRAC	EMCG	BNIX	HPLT	TAKD	GLRI	FLAG	CNHC	TENK	SLACW
NRAC		0.74	0.49	0.91	0.53	0.56	0.86	-0.45	0.58	0.26	NRAC
EMCG	0.74		0.44	0.73	0.42	0.45	0.71	-0.22	0.5	0.09	EMCG
BNIX	0.49	0.44		0.36	0.74	0.54	0.26	0.26	0.48	-0.27	BNIX
HPLT	0.91	0.73	0.36		0.34	0.47	0.94	-0.59	0.47	0.45	HPLT
TAKD	0.53	0.42	0.74	0.34		0.68	0.27	0.25	0.44	-0.34	TAKD
GLRI	0.56	0.45	0.54	0.47	0.68		0.41	0.0	0.73	-0.24	GLRI
FLAG	0.86	0.71	0.26	0.94	0.27	0.41		-0.66	0.48	0.56	FLAG
CNHC	-0.45	-0.22	0.26	-0.59	0.25	0.0	-0.66		-0.12	-0.67	CNHC
TENK	0.58	0.5	0.48	0.47	0.44	0.73	0.48	-0.12		-0.11	TENK
SLACW	0.26	0.09	-0.27	0.45	-0.34	-0.24	0.56	-0.67	-0.11		SLACW
	NRAC	EMCG	BNIX	HPLT	TAKD	GLRI	FLAG	CNHC	TENK	SLACW

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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

FLAG	+ 0.94	HPLT
HPLT	+ 0.91	NRAC
FLAG	+ 0.86	NRAC
EMCG	+ 0.74	NRAC
TAKD	+ 0.74	BNIX
HPLT	+ 0.73	EMCG

High negative correlations

SLACW	- 0.67	CNHC
CNHC	- 0.66	FLAG
CNHC	- 0.59	HPLT
CNHC	- 0.45	NRAC
SLACW	- 0.34	TAKD
SLACW	- 0.27	BNIX

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global 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 Global 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
NRAC	0.12	0.04	0.00	(5.12)	0.00	0.00	0.48	0.00	1.84
EMCG	0.13	0.01	(0.27)	(0.23)	0.12	(0.27)	0.35	(0.43)	1.12
BNIX	0.10	(0.01)	(0.28)	(0.12)	0.15	(0.42)	0.27	(0.45)	1.79
HPLT	0.09	0.03	0.00	(4.48)	0.00	0.00	0.30	(0.10)	1.09
TAKD	32.38	16.38	0.00	(0.67)	0.00	0.00	0.00	(0.50)	1,082
GLRI	307.88	186.46	0.00	(0.61)	0.00	0.00	0.00	0.00	9,700
FLAG	0.15	0.03	(0.13)	(1.92)	0.13	(0.29)	0.57	(0.28)	2.64
CNHC	1.76	(0.23)	0.00	(1.23)	0.00	0.00	0.00	0.00	58.16
TENK	6.34	2.52	0.05	(0.34)	11.83	(10.59)	5.56	(0.43)	192.93
SLACW	12.59	1.28	0.10	0.39	13.18	(19.17)	36.36	(22.22)	86.67

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