BloomZ Ordinary Correlations

BLMZ Stock

0.85 0.01 1.16%

The current 90-days correlation between BloomZ Ordinary Shares and NFT Limited is 0.02 (i.e., Significant diversification). The correlation of BloomZ Ordinary 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.

BloomZ Ordinary Correlation With Market

Good diversification

The correlation between BloomZ Ordinary Shares and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BloomZ Ordinary Shares and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against BloomZ Stock

0.5	BAH	Booz Allen Hamilton	Pair Corr
0.44	ANY	Sphere 3D Corp	Pair Corr
0.35	MI	NFT Limited	Pair Corr
0.35	RIOT	Riot Blockchain	Pair Corr
0.56	DQ	Daqo New Energy	Pair Corr
0.52	BTBT	Bit Digital Downward Rally	Pair Corr
0.51	BL	Blackline	Pair Corr
0.46	S	SentinelOne	Pair Corr
0.46	FI	Fiserv,	Pair Corr
0.41	U	Unity Software	Pair Corr
0.38	DT	Dynatrace Holdings LLC	Pair Corr
0.36	CXDO	Crexendo	Pair Corr
0.34	DM	Desktop Metal	Pair Corr
0.56	JG	Aurora Mobile	Pair Corr
0.53	KC	Kingsoft Cloud Holdings	Pair Corr

Related Correlations Analysis

	MI	ENLV	WKEY	ANY	BAH	FRGE	FUBO	FUFU	MFH	XTIA
MI		0.83	-0.15	0.46	0.66	-0.43	-0.08	-0.01	0.14	-0.69	MI
ENLV	0.83		0.01	0.24	0.42	-0.25	-0.11	-0.1	0.24	-0.32	ENLV
WKEY	-0.15	0.01		-0.27	-0.31	0.21	-0.06	0.0	0.13	0.37	WKEY
ANY	0.46	0.24	-0.27		0.66	0.0	0.3	0.31	-0.04	-0.63	ANY
BAH	0.66	0.42	-0.31	0.66		-0.42	0.24	0.23	-0.22	-0.84	BAH
FRGE	-0.43	-0.25	0.21	0.0	-0.42		0.43	0.04	0.0	0.53	FRGE
FUBO	-0.08	-0.11	-0.06	0.3	0.24	0.43		0.27	-0.27	-0.02	FUBO
FUFU	-0.01	-0.1	0.0	0.31	0.23	0.04	0.27		-0.38	-0.26	FUFU
MFH	0.14	0.24	0.13	-0.04	-0.22	0.0	-0.27	-0.38		0.04	MFH
XTIA	-0.69	-0.32	0.37	-0.63	-0.84	0.53	-0.02	-0.26	0.04		XTIA
	MI	ENLV	WKEY	ANY	BAH	FRGE	FUBO	FUFU	MFH	XTIA

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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

ENLV	+ 0.83	MI
BAH	+ 0.66	MI
BAH	+ 0.66	ANY
XTIA	+ 0.53	FRGE
ANY	+ 0.46	MI
FUBO	+ 0.43	FRGE

High negative correlations

XTIA	- 0.84	BAH
XTIA	- 0.69	MI
XTIA	- 0.63	ANY
FRGE	- 0.43	MI
FRGE	- 0.42	BAH
MFH	- 0.38	FUFU

Risk-Adjusted Indicators

There is a big difference between BloomZ Stock performing well and BloomZ Ordinary 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 BloomZ Ordinary'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
MI	4.46	1.09	0.20	1.35	4.22	(4.93)	10.95	(7.83)	44.13
ENLV	3.06	(0.06)	(0.01)	0.03	3.25	(3.65)	6.90	(4.65)	28.12
WKEY	4.06	0.13	0.01	(0.30)	5.45	(5.08)	8.25	(5.78)	54.83
ANY	3.51	0.08	0.05	0.10	3.70	(4.92)	11.24	(6.93)	23.53
BAH	0.92	0.34	0.35	1.10	0.43	(1.21)	2.02	(1.46)	10.23
FRGE	3.28	(0.36)	0.00	(0.06)	0.00	0.00	5.97	(6.72)	18.33
FUBO	4.06	0.12	0.04	0.13	4.49	(4.74)	8.62	(7.22)	30.29
FUFU	4.20	0.21	0.05	0.18	5.12	(4.97)	11.16	(7.13)	36.39
MFH	4.92	(0.68)	0.00	(0.14)	0.00	0.00	8.55	(9.64)	40.14
XTIA	4.39	(2.19)	0.00	(1.03)	0.00	0.00	8.70	(12.63)	34.52

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