Blockmate Ventures Correlations

MATEF Stock

USD 0.03 0 10.47%

The current 90-days correlation between Blockmate Ventures and SAM Trade Pte is 0.02 (i.e., Significant diversification). The correlation of Blockmate Ventures 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.

Blockmate Ventures Correlation With Market

Pay attention - limited upside

The correlation between Blockmate Ventures and DJI is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blockmate Ventures and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Blockmate OTC Stock

0.83	CGXYY	China Galaxy Securities	Pair Corr
0.84	PBCRF	PT Bank Central	Pair Corr
0.88	PBCRY	Bank Central Asia	Pair Corr

Moving against Blockmate OTC Stock

0.82	KB	KB Financial Group	Pair Corr
0.82	SHG	Shinhan Financial	Pair Corr
0.8	GS-PD	Goldman Sachs	Pair Corr
0.74	GS-PA	Goldman Sachs	Pair Corr
0.73	IBKR	Interactive Brokers	Pair Corr
0.73	MS-PK	Morgan Stanley	Pair Corr
0.7	MS-PA	Morgan Stanley	Pair Corr
0.62	BKRKY	Bank Rakyat	Pair Corr
0.6	GS	Goldman Sachs Group	Pair Corr
0.36	PPERY	Bank Mandiri Persero	Pair Corr
0.36	PTBRY	Bank Negara Indonesia	Pair Corr
0.9	RHHVF	Roche Holding AG	Pair Corr
0.85	SNPMF	China Petroleum Chemical	Pair Corr
0.84	MOS	Mosaic	Pair Corr
0.82	WF	Woori Financial Group	Pair Corr
0.81	EQIX	Equinix	Pair Corr
0.8	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.76	JBARF	Julius Br Gruppe	Pair Corr
0.67	CRNZF	Cairn Energy PLC	Pair Corr
0.66	PSEC	Prospect Capital	Pair Corr
0.59	JUTOY	Jutal Offshore Oil	Pair Corr
0.57	ACNE	Alice Consolidated Mines	Pair Corr
0.48	HMY	Harmony Gold Mining Earnings Call This Week	Pair Corr
0.48	LB	LandBridge Company	Pair Corr
0.4	HROW	Harrow Health Earnings Call Tomorrow	Pair Corr
0.88	CING	Cingulate	Pair Corr
0.88	DMLP	Dorchester Minerals	Pair Corr
0.88	NINTF	Ninety One Group	Pair Corr
0.88	SFNC	Simmons First National	Pair Corr
0.82	STMZF	Scottish Mortgage	Pair Corr
0.82	USAS	Americas Silver Corp	Pair Corr

Related Correlations Analysis

	GLBR	AHFD	WSFGQ	FRNV	SMFX	SPOI	DMCD	UMAX	SYSX
GLBR		0.0	0.0	0.0	-0.21	-0.81	0.0	0.63	0.0	GLBR
AHFD	0.0		1.0	1.0	0.0	0.0	1.0	0.0	1.0	AHFD
WSFGQ	0.0	1.0		1.0	0.0	0.0	1.0	0.0	1.0	WSFGQ
FRNV	0.0	1.0	1.0		0.0	0.0	1.0	0.0	1.0	FRNV
SMFX	-0.21	0.0	0.0	0.0		0.22	0.0	-0.12	0.0	SMFX
SPOI	-0.81	0.0	0.0	0.0	0.22		0.0	-0.54	0.0	SPOI
DMCD	0.0	1.0	1.0	1.0	0.0	0.0		0.0	1.0	DMCD
UMAX	0.63	0.0	0.0	0.0	-0.12	-0.54	0.0		0.0	UMAX
SYSX	0.0	1.0	1.0	1.0	0.0	0.0	1.0	0.0		SYSX
	GLBR	AHFD	WSFGQ	FRNV	SMFX	SPOI	DMCD	UMAX	SYSX

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

WSFGQ	+ 1.0	AHFD
FRNV	+ 1.0	AHFD
DMCD	+ 1.0	AHFD
SYSX	+ 1.0	AHFD
FRNV	+ 1.0	WSFGQ
DMCD	+ 1.0	WSFGQ

High negative correlations

SPOI	- 0.81	GLBR
UMAX	- 0.54	SPOI
SMFX	- 0.21	GLBR
UMAX	- 0.12	SMFX
SYSX	- 0.0	UMAX
UMAX	- 0.0	DMCD

Risk-Adjusted Indicators

There is a big difference between Blockmate OTC Stock performing well and Blockmate Ventures OTC Stock 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 Blockmate Ventures' 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	Treynor Ratio	Maximum Drawdown
GLBR	3.91	(0.27)	0.19	150.00
AHFD	0.00	0.00	0.00	0.00
WSFGQ	0.00	0.00	0.00	0.00
FRNV	0.00	0.00	0.00	0.00
SMFX	0.50	0.24	3.23	16.67
SPOI	5.97	3.26	(1.02)	200.00
DMCD	0.00	0.00	0.00	0.00
UMAX	1.49	(0.74)	1.94	50.00
SYSX	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blockmate Ventures 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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Blockmate Ventures Corporate Management

Elected by the shareholders, the Blockmate Ventures' board of directors comprises two types of representatives: Blockmate Ventures inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blockmate. The board's role is to monitor Blockmate Ventures' management team and ensure that shareholders' interests are well served. Blockmate Ventures' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blockmate Ventures' outside directors are responsible for providing unbiased perspectives on the board's policies.

Domenic Carosa	Pres Founder	Profile
Andrew Jones	Chief Officer	Profile
Justin Rosenberg	CEO Director	Profile
BBA CPA	CFO Sec	Profile

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