BloomZ Ordinary Correlations

BLMZ Stock

0.17 0.01 6.25%

The current 90-days correlation between BloomZ Ordinary Shares and Franklin Covey is 0.1 (i.e., Average 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

Significant diversification

The correlation between BloomZ Ordinary Shares and DJI is 0.08 (i.e., Significant 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.

Build AI portfolio with BloomZ Stock

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 together with BloomZ Stock

0.69	G	Genpact Limited	Pair Corr
0.71	FC	Franklin Covey	Pair Corr
0.72	KC	Kingsoft Cloud Holdings Sell-off Trend	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.8	VCIG	VCI Global Limited	Pair Corr
0.61	VIRC	Virco Manufacturing	Pair Corr
0.83	MAN	ManpowerGroup	Pair Corr

Moving against BloomZ Stock

0.61	BV	BrightView Holdings	Pair Corr
0.58	FA	First Advantage Corp	Pair Corr
0.43	VRSK	Verisk Analytics	Pair Corr
0.62	III	Information Services	Pair Corr
0.47	FVRR	Fiverr International Potential Growth	Pair Corr
0.46	KBR	KBR Inc	Pair Corr
0.4	ESGL	ESGL Holdings Limited	Pair Corr
0.37	BTM	Bitcoin Depot Trending	Pair Corr
0.36	FTEK	Fuel Tech	Pair Corr
0.35	GFL	Gfl Environmental	Pair Corr
0.32	WLDN	Willdan Group	Pair Corr
0.57	OMEX	Odyssey Marine Explo	Pair Corr
0.44	HDSN	Hudson Technologies	Pair Corr

Related Correlations Analysis

	G	BR	BV	FA	FC	KC	LZ	MG	NL	WM
G		-0.37	-0.83	-0.85	0.49	0.59	-0.19	0.9	0.18	-0.49	G
BR	-0.37		0.5	0.63	-0.02	-0.28	0.32	-0.33	-0.04	0.71	BR
BV	-0.83	0.5		0.93	-0.33	-0.39	0.33	-0.87	0.03	0.51	BV
FA	-0.85	0.63	0.93		-0.3	-0.4	0.42	-0.85	-0.08	0.57	FA
FC	0.49	-0.02	-0.33	-0.3		0.76	0.7	0.52	-0.32	-0.28	FC
KC	0.59	-0.28	-0.39	-0.4	0.76		0.43	0.6	0.08	-0.4	KC
LZ	-0.19	0.32	0.33	0.42	0.7	0.43		-0.17	-0.42	0.08	LZ
MG	0.9	-0.33	-0.87	-0.85	0.52	0.6	-0.17		0.14	-0.48	MG
NL	0.18	-0.04	0.03	-0.08	-0.32	0.08	-0.42	0.14		0.0	NL
WM	-0.49	0.71	0.51	0.57	-0.28	-0.4	0.08	-0.48	0.0		WM
	G	BR	BV	FA	FC	KC	LZ	MG	NL	WM

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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

FA	+ 0.93	BV
MG	+ 0.9	G
KC	+ 0.76	FC
WM	+ 0.71	BR
LZ	+ 0.7	FC
FA	+ 0.63	BR

High negative correlations

MG	- 0.87	BV
MG	- 0.85	FA
FA	- 0.85	G
BV	- 0.83	G
WM	- 0.49	G
WM	- 0.48	MG

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
G	1.41	(0.23)	0.00	(0.31)	0.00	0.00	2.45	(3.27)	21.90
BR	1.16	0.05	0.02	(0.44)	2.06	(1.06)	2.13	(3.29)	12.87
BV	1.82	0.44	0.21	0.48	1.66	(2.08)	4.33	(2.61)	12.55
FA	2.41	0.55	0.19	(2.73)	2.30	(2.70)	4.93	(3.69)	23.89
FC	2.15	(0.37)	0.00	(0.75)	0.00	0.00	3.76	(2.88)	29.04
KC	4.44	(0.28)	0.00	0.51	0.00	0.00	9.69	(8.75)	29.98
LZ	2.29	(0.02)	0.00	0.13	0.00	0.00	3.56	(4.76)	27.70
MG	2.02	(0.40)	0.00	14.49	0.00	0.00	3.24	(4.08)	25.04
NL	2.72	0.05	0.01	(0.32)	3.23	(2.95)	5.72	(5.36)	16.37
WM	0.91	0.06	0.04	(0.48)	1.32	(0.88)	1.59	(1.86)	6.76

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