BLOCKCHAIN GRP Correlations

BC7 Stock

EUR 3.41 0.46 11.89%

The current 90-days correlation between BLOCKCHAIN GRP SA and HEMISPHERE EGY is -0.11 (i.e., Good diversification). The correlation of BLOCKCHAIN GRP 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.

BLOCKCHAIN GRP Correlation With Market

Significant diversification

The correlation between BLOCKCHAIN GRP SA and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BLOCKCHAIN GRP SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BLOCKCHAIN Stock

0.78	CL2	CyberAgent	Pair Corr
0.69	3J8	JPM INDIAN INVT	Pair Corr
0.63	74F	LIFE BANC SPLIT	Pair Corr

Moving against BLOCKCHAIN Stock

0.78	OCN	Omnicom Group	Pair Corr
0.62	IPG	Interpublic Group Earnings Call This Week	Pair Corr
0.58	U9O0	OAKRIDGE INTERNATIONAL	Pair Corr
0.47	ALV	Allianz SE	Pair Corr
0.4	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	RFC4	COPAUR MINERALS INC	Pair Corr

Related Correlations Analysis

	7XJ	PIR	UN9	OA9	CVB	SIT4	N4Q1	AF4
7XJ		0.72	0.76	0.0	0.44	0.37	0.77	0.33	7XJ
PIR	0.72		0.7	0.0	0.72	0.52	0.86	0.06	PIR
UN9	0.76	0.7		0.0	0.38	0.63	0.57	0.44	UN9
OA9	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OA9
CVB	0.44	0.72	0.38	0.0		0.44	0.79	-0.21	CVB
SIT4	0.37	0.52	0.63	0.0	0.44		0.41	0.28	SIT4
N4Q1	0.77	0.86	0.57	0.0	0.79	0.41		-0.11	N4Q1
AF4	0.33	0.06	0.44	0.0	-0.21	0.28	-0.11		AF4
	7XJ	PIR	UN9	OA9	CVB	SIT4	N4Q1	AF4

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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

N4Q1	+ 0.86	PIR
N4Q1	+ 0.79	CVB
N4Q1	+ 0.77	7XJ
UN9	+ 0.76	7XJ
PIR	+ 0.72	7XJ
CVB	+ 0.72	PIR

High negative correlations

AF4	- 0.21	CVB
AF4	- 0.11	N4Q1
AF4	- 0.0	OA9
N4Q1	- 0.0	OA9
SIT4	- 0.0	OA9
CVB	- 0.0	OA9

Risk-Adjusted Indicators

There is a big difference between BLOCKCHAIN Stock performing well and BLOCKCHAIN GRP 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 BLOCKCHAIN GRP'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
7XJ	1.52	0.35	0.10	(0.95)	1.40	(1.89)	3.42	(2.48)	10.06
PIR	1.66	0.42	0.15	1.22	1.18	(2.86)	3.77	(3.17)	10.72
UN9	1.53	0.37	0.13	1.26	1.66	(1.66)	3.88	(3.12)	10.92
OA9	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVB	2.11	0.42	0.04	2.83	2.46	(7.42)	7.14	(6.67)	26.79
SIT4	1.57	0.27	0.06	(1.55)	1.76	(1.83)	3.94	(3.46)	9.36
N4Q1	0.64	0.16	0.03	3.76	0.30	(1.94)	1.87	(0.93)	5.81
AF4	1.32	0.10	(0.04)	(0.10)	1.52	(1.67)	2.21	(2.64)	9.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in BLOCKCHAIN GRP 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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