Block Correlations

SQ2 Stock

143.51 1.26 0.89%

The current 90-days correlation between Block Inc and ACDC Metals is 0.05 (i.e., Significant diversification). The correlation of Block 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.

Block Correlation With Market

Significant diversification

The correlation between Block Inc and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Block Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Block Stock

0.84	CBA	Commonwealth Bank	Pair Corr
0.65	IAG	Insurance Australia	Pair Corr

Moving against Block Stock

0.88	ATM	Aneka Tambang Tbk	Pair Corr
0.81	WOW	Woolworths	Pair Corr
0.46	ALD	Ampol	Pair Corr
0.43	COL	Coles Group	Pair Corr

Related Correlations Analysis

	ADC	STK	CPU	KNM	AML	AME	QUE	IFM
ADC		-0.71	-0.17	0.0	0.0	0.57	-0.66	-0.61	ADC
STK	-0.71		0.02	0.0	0.0	-0.59	0.78	0.79	STK
CPU	-0.17	0.02		0.0	0.0	0.49	0.03	-0.26	CPU
KNM	0.0	0.0	0.0		1.0	0.0	0.0	0.0	KNM
AML	0.0	0.0	0.0	1.0		0.0	0.0	0.0	AML
AME	0.57	-0.59	0.49	0.0	0.0		-0.53	-0.82	AME
QUE	-0.66	0.78	0.03	0.0	0.0	-0.53		0.81	QUE
IFM	-0.61	0.79	-0.26	0.0	0.0	-0.82	0.81		IFM
	ADC	STK	CPU	KNM	AML	AME	QUE	IFM

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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

AML	+ 1.0	KNM
IFM	+ 0.81	QUE
IFM	+ 0.79	STK
QUE	+ 0.78	STK
AME	+ 0.57	ADC
AME	+ 0.49	CPU

High negative correlations

IFM	- 0.82	AME
STK	- 0.71	ADC
QUE	- 0.66	ADC
IFM	- 0.61	ADC
AME	- 0.59	STK
QUE	- 0.53	AME

Risk-Adjusted Indicators

There is a big difference between Block Stock performing well and Block 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 Block'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
ADC	2.59	0.14	0.02	0.30	3.14	(6.83)	9.52	(7.46)	25.86
STK	3.28	(0.40)	0.00	(12.19)	0.00	0.00	6.67	(5.71)	27.42
CPU	1.02	0.15	0.05	0.85	1.06	(1.14)	2.16	(1.49)	7.50
KNM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AML	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AME	2.05	0.43	0.11	1.50	2.08	(3.08)	4.71	(4.69)	13.62
QUE	0.06	(0.04)	0.00	3.91	0.00	0.00	0.00	0.00	2.00
IFM	1.99	(0.34)	0.00	0.90	0.00	0.00	4.29	(4.46)	15.72

Be your own money manager

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

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

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