BluSky AI, Correlations

IMIID Stock

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The current 90-days correlation between BluSky AI, and DeepMarkit Corp is -0.02 (i.e., Good diversification). The correlation of BluSky AI, 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.

BluSky AI, Correlation With Market

Good diversification

The correlation between BluSky AI and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BluSky AI and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against BluSky Pink Sheet

0.6	TOGOF	TomaGold	Pair Corr
0.55	INTC	Intel	Pair Corr
0.52	SHIP	Seanergy Maritime	Pair Corr
0.51	CYD	China Yuchai Interna	Pair Corr
0.48	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.44	GOOG	Alphabet Class C	Pair Corr
0.39	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.39	BNEFF	Bonterra Energy Corp	Pair Corr
0.38	GRBK	Green Brick Partners	Pair Corr
0.37	91324PES7	UNH 5875 15	Pair Corr
0.34	META	Meta Platforms	Pair Corr
0.72	BBDO	Banco Bradesco SA	Pair Corr
0.65	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.62	TLOFF	Talon Metals Corp	Pair Corr
0.62	CAMZF	Camino Minerals	Pair Corr
0.54	PYTCY	Playtech PLC ADR	Pair Corr
0.53	NTZ	Natuzzi SpA	Pair Corr
0.52	FRSB	First Resource Bank	Pair Corr
0.52	BLAGF	Blue Lagoon Resources	Pair Corr
0.51	MXCHY	Orbia Advance Corp	Pair Corr
0.48	MASS	908 Devices	Pair Corr
0.47	482480AN0	KLAC 525 15	Pair Corr

Related Correlations Analysis

	REGRF	TONR	EPYFF	TGGLF	APTY	ENETF	EPAZ	SBIG	MKTDF
REGRF		0.1	0.0	-0.37	-0.14	-0.12	0.06	0.25	-0.18	REGRF
TONR	0.1		0.0	-0.01	-0.14	-0.05	-0.03	0.31	0.07	TONR
EPYFF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EPYFF
TGGLF	-0.37	-0.01	0.0		0.19	0.08	-0.19	-0.25	0.34	TGGLF
APTY	-0.14	-0.14	0.0	0.19		0.33	0.32	0.2	-0.16	APTY
ENETF	-0.12	-0.05	0.0	0.08	0.33		-0.11	-0.13	0.17	ENETF
EPAZ	0.06	-0.03	0.0	-0.19	0.32	-0.11		0.73	-0.84	EPAZ
SBIG	0.25	0.31	0.0	-0.25	0.2	-0.13	0.73		-0.7	SBIG
MKTDF	-0.18	0.07	0.0	0.34	-0.16	0.17	-0.84	-0.7		MKTDF
	REGRF	TONR	EPYFF	TGGLF	APTY	ENETF	EPAZ	SBIG	MKTDF

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

SBIG	+ 0.73	EPAZ
MKTDF	+ 0.34	TGGLF
ENETF	+ 0.33	APTY
EPAZ	+ 0.32	APTY
SBIG	+ 0.31	TONR
SBIG	+ 0.25	REGRF

High negative correlations

MKTDF	- 0.84	EPAZ
MKTDF	- 0.7	SBIG
TGGLF	- 0.37	REGRF
SBIG	- 0.25	TGGLF
EPAZ	- 0.19	TGGLF
MKTDF	- 0.18	REGRF

Risk-Adjusted Indicators

There is a big difference between BluSky Pink Sheet performing well and BluSky AI, 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 BluSky AI,'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
REGRF	23.69	5.50	0.14	20.40	19.40	(60.41)	128.57	(53.12)	201.04
TONR	28.01	7.38	0.14	2.43	21.14	(100.00)	100.00	(50.00)	150.00
EPYFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGGLF	7.93	0.58	0.04	(0.60)	8.57	(12.42)	22.13	(18.39)	50.04
APTY	11.10	1.24	0.05	0.51	11.47	(31.94)	33.33	(25.00)	58.33
ENETF	522.31	257.98	0.00	2.78	0.00	0.00	0.00	0.00	17,597
EPAZ	9.55	0.37	0.03	0.53	9.77	(14.76)	23.94	(19.32)	62.62
SBIG	8.75	(0.15)	0.00	(0.09)	0.00	0.00	19.05	(20.00)	53.53
MKTDF	5.74	1.99	0.16	(2.72)	3.97	(29.03)	19.05	(8.00)	135.07

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

Graph Blockchain TonnerOne World Holdings ePlay Digital Toggle3Dai APT Systems Ethernity Networks Epazz Inc SpringBig Holdings DeepMarkit Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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