Blue Hat Correlations

BHAT Stock

USD 1.82 0.02 1.09%

The current 90-days correlation between Blue Hat Interactive and Motorsport Gaming Us is 0.17 (i.e., Average diversification). The correlation of Blue Hat 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.

Blue Hat Correlation With Market

Significant diversification

The correlation between Blue Hat Interactive 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 Blue Hat Interactive and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Hat Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Blue Stock

0.7	GIGM	Giga Media	Pair Corr
0.63	GMGI	Golden Matrix Group	Pair Corr
0.65	TRUG	Trugolf	Pair Corr

Moving against Blue Stock

0.86	SKLZ	Skillz Platform	Pair Corr
0.76	GRVY	Gravity	Pair Corr
0.75	GXAI	Gaxosai	Pair Corr
0.73	NTES	NetEase	Pair Corr
0.71	TTWO	Take Two Interactive	Pair Corr
0.7	MSGM	Motorsport Gaming	Pair Corr
0.7	RBLX	Roblox Corp	Pair Corr
0.61	GCL	GCL Global Holdings	Pair Corr
0.59	GMHS	Gamehaus Holdings Class	Pair Corr
0.56	Z	Zillow Group Class	Pair Corr
0.55	SOHU	SohuCom	Pair Corr
0.51	GDEV	GDEV Inc	Pair Corr
0.46	T	ATT Inc Earnings Call This Week	Pair Corr
0.44	GDC	GD Culture Group	Pair Corr
0.41	EA	Electronic Arts	Pair Corr
0.33	SNAL	Snail, Class A	Pair Corr
0.32	GAME	GameSquare Holdings	Pair Corr
0.83	SE	Sea	Pair Corr
0.79	TU	Telus Corp	Pair Corr
0.77	FENG	Phoenix New Media	Pair Corr
0.75	TC	TuanChe ADR	Pair Corr
0.73	WB	Weibo Corp	Pair Corr
0.6	KT	KT Corporation Potential Growth	Pair Corr
0.59	BATRK	Atlanta Braves Holdings,	Pair Corr
0.58	TV	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.57	ZG	Zillow Group	Pair Corr
0.56	VENU	Venu Holding	Pair Corr
0.53	CURIW	CuriosityStream	Pair Corr
0.52	BATRA	Atlanta Braves Holdings,	Pair Corr

Related Correlations Analysis

	MGAM	MSGM	APETF	VSQTF	GDC	SXTC	AIHS	PETZ	BIMI
MGAM		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MGAM
MSGM	0.0		0.13	0.01	0.43	-0.26	-0.33	-0.06	0.0	MSGM
APETF	0.0	0.13		0.25	0.56	0.16	-0.41	0.17	0.0	APETF
VSQTF	0.0	0.01	0.25		0.11	-0.19	-0.02	0.06	0.0	VSQTF
GDC	0.0	0.43	0.56	0.11		-0.03	-0.78	0.07	0.0	GDC
SXTC	0.0	-0.26	0.16	-0.19	-0.03		0.05	0.27	0.0	SXTC
AIHS	0.0	-0.33	-0.41	-0.02	-0.78	0.05		0.0	0.0	AIHS
PETZ	0.0	-0.06	0.17	0.06	0.07	0.27	0.0		0.0	PETZ
BIMI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BIMI
	MGAM	MSGM	APETF	VSQTF	GDC	SXTC	AIHS	PETZ	BIMI

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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

GDC	+ 0.56	APETF
GDC	+ 0.43	MSGM
PETZ	+ 0.27	SXTC
VSQTF	+ 0.25	APETF
PETZ	+ 0.17	APETF
SXTC	+ 0.16	APETF

High negative correlations

AIHS	- 0.78	GDC
AIHS	- 0.41	APETF
AIHS	- 0.33	MSGM
SXTC	- 0.26	MSGM
SXTC	- 0.19	VSQTF
PETZ	- 0.06	MSGM

Risk-Adjusted Indicators

There is a big difference between Blue Stock performing well and Blue Hat 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 Blue Hat'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
MGAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSGM	6.43	4.22	0.56	(0.39)	3.49	(7.86)	11.15	(8.68)	162.26
APETF	9.84	0.93	0.08	0.43	10.46	(16.81)	27.27	(18.75)	81.91
VSQTF	4.70	0.28	0.03	0.50	4.55	(9.00)	12.50	(7.14)	32.75
GDC	5.16	0.33	0.07	0.28	6.12	(5.76)	12.08	(7.95)	39.43
SXTC	13.47	1.14	0.11	0.32	14.12	(18.15)	45.39	(32.00)	170.96
AIHS	4.92	(1.11)	0.00	(0.40)	0.00	0.00	9.64	(10.53)	94.97
PETZ	2.80	0.02	(0.02)	0.25	3.38	(3.90)	5.94	(5.38)	22.49
BIMI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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