Blast Applications Correlations

IFBC Stock

USD 0 0.0001 7.14%

The current 90-days correlation between Blast Applications and Rooshine is 0.08 (i.e., Significant diversification). The correlation of Blast Applications 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.

Blast Applications Correlation With Market

Significant diversification

The correlation between Blast Applications and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blast Applications and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Blast Applications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blast Applications 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 Blast Applications - 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 Blast Applications to buy it.

Moving against Blast Pink Sheet

0.73	FMSTW	Foremost Lithium Resource	Pair Corr
0.49	BF-B	Brown Forman	Pair Corr
0.43	ERHE	ERHC Energy	Pair Corr
0.38	TBVPY	Thai Beverage PCL	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.57	TXMD	TherapeuticsMD	Pair Corr
0.53	TFSL	TFS Financial	Pair Corr
0.5	FBKIF	First International Bank	Pair Corr
0.44	BORR	Borr Drilling	Pair Corr
0.4	UTRS	Minerva Surgical	Pair Corr
0.4	TEL	TE Connectivity	Pair Corr
0.86	SSAAF	SSAB AB	Pair Corr
0.73	ARR	ARMOUR Residential REIT	Pair Corr
0.6	TFIN	Triumph Financial,	Pair Corr
0.58	GOLF	Acushnet Holdings Corp	Pair Corr
0.56	AZTA	Azenta Inc	Pair Corr
0.5	VELO	Velo3D, Trending	Pair Corr

Related Correlations Analysis

	RSAU	SVIN	ASPU	APRU	BRWC	CYAN	HRSR	YWGRF	PLVFF	RVBR
RSAU		0.38	-0.69	0.42	-0.18	-0.46	0.0	0.0	0.0	0.22	RSAU
SVIN	0.38		-0.56	0.71	0.28	-0.62	0.0	0.0	0.0	0.06	SVIN
ASPU	-0.69	-0.56		-0.56	0.13	0.55	0.0	0.0	0.0	0.0	ASPU
APRU	0.42	0.71	-0.56		-0.07	-0.59	0.0	0.0	0.0	0.06	APRU
BRWC	-0.18	0.28	0.13	-0.07		0.1	0.0	0.0	0.0	0.11	BRWC
CYAN	-0.46	-0.62	0.55	-0.59	0.1		0.0	0.0	0.0	0.06	CYAN
HRSR	0.0	0.0	0.0	0.0	0.0	0.0		1.0	1.0	0.0	HRSR
YWGRF	0.0	0.0	0.0	0.0	0.0	0.0	1.0		1.0	0.0	YWGRF
PLVFF	0.0	0.0	0.0	0.0	0.0	0.0	1.0	1.0		0.0	PLVFF
RVBR	0.22	0.06	0.0	0.06	0.11	0.06	0.0	0.0	0.0		RVBR
	RSAU	SVIN	ASPU	APRU	BRWC	CYAN	HRSR	YWGRF	PLVFF	RVBR

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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

YWGRF	+ 1.0	HRSR
PLVFF	+ 1.0	HRSR
PLVFF	+ 1.0	YWGRF
APRU	+ 0.71	SVIN
CYAN	+ 0.55	ASPU
APRU	+ 0.42	RSAU

High negative correlations

ASPU	- 0.69	RSAU
CYAN	- 0.62	SVIN
CYAN	- 0.59	APRU
APRU	- 0.56	ASPU
ASPU	- 0.56	SVIN
CYAN	- 0.46	RSAU

Risk-Adjusted Indicators

There is a big difference between Blast Pink Sheet performing well and Blast Applications 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 Blast Applications' 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
RSAU	0.21	(0.12)	0.00	3.55	0.00	0.00	0.00	0.00	7.14
SVIN	1.68	(0.79)	0.00	4.67	0.00	0.00	0.59	(7.55)	19.06
ASPU	6.98	1.23	0.08	0.68	8.91	(11.29)	20.00	(12.65)	82.11
APRU	11.57	0.58	0.03	0.38	12.53	(27.98)	33.33	(25.00)	80.00
BRWC	2.83	0.34	0.02	(1.65)	4.20	(15.89)	10.53	(8.89)	49.07
CYAN	8.82	1.08	0.07	(0.89)	9.82	(14.89)	25.00	(17.95)	99.70
HRSR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
YWGRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLVFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVBR	16.85	2.29	0.11	0.76	16.45	(26.46)	56.74	(33.69)	193.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blast Applications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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