Bilibili Correlations

BLBLF Stock

USD 22.38 3.38 17.79%

The current 90-days correlation between Bilibili and NetEase is 0.04 (i.e., Significant diversification). The correlation of Bilibili 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.

Bilibili Correlation With Market

Good diversification

The correlation between Bilibili and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bilibili and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Bilibili Pink Sheet

0.74	UIS	Unisys	Pair Corr
0.68	IRM	Iron Mountain	Pair Corr
0.51	NEXOF	NEXON	Pair Corr
0.49	NXTT	Next Technology Holding	Pair Corr
0.48	MSFT	Microsoft	Pair Corr
0.45	NEXOY	Nexon Co	Pair Corr
0.44	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.41	TTWO	Take Two Interactive	Pair Corr
0.4	NETTF	NetEase	Pair Corr
0.4	USB-PP	US Bancorp	Pair Corr
0.4	BA-PA	Boeing	Pair Corr
0.38	NTDOF	Nintendo	Pair Corr
0.36	NTES	NetEase	Pair Corr
0.36	NTDOY	Nintendo Co ADR	Pair Corr
0.32	PCCWY	PCCW Limited Earnings Call This Week	Pair Corr
0.58	TSLA	Tesla Inc Earnings Call This Week	Pair Corr
0.57	SPGI	SP Global	Pair Corr
0.56	PANW	Palo Alto Networks	Pair Corr
0.55	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.53	YLLXF	Yellow Cake plc	Pair Corr
0.53	CRON	Cronos Group	Pair Corr
0.52	VMI	Valmont Industries Earnings Call This Week	Pair Corr
0.49	BBVXF	Banco Bilbao Vizcaya	Pair Corr

Related Correlations Analysis

	NTES	RBLX	SKLZ	ATVI	TTWO	EA	NTDOY
NTES		0.94	0.91	0.0	0.82	0.49	0.72	NTES
RBLX	0.94		0.9	0.0	0.8	0.49	0.74	RBLX
SKLZ	0.91	0.9		0.0	0.82	0.54	0.7	SKLZ
ATVI	0.0	0.0	0.0		0.0	0.0	0.0	ATVI
TTWO	0.82	0.8	0.82	0.0		0.66	0.82	TTWO
EA	0.49	0.49	0.54	0.0	0.66		0.77	EA
NTDOY	0.72	0.74	0.7	0.0	0.82	0.77		NTDOY
	NTES	RBLX	SKLZ	ATVI	TTWO	EA	NTDOY

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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

RBLX	+ 0.94	NTES
SKLZ	+ 0.91	NTES
SKLZ	+ 0.9	RBLX
TTWO	+ 0.82	NTES
TTWO	+ 0.82	SKLZ
NTDOY	+ 0.82	TTWO

High negative correlations

NTDOY	- 0.0	ATVI
EA	- 0.0	ATVI
TTWO	- 0.0	ATVI
ATVI	- 0.0	SKLZ
ATVI	- 0.0	RBLX
ATVI	- 0.0	NTES

Risk-Adjusted Indicators

There is a big difference between Bilibili Pink Sheet performing well and Bilibili 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 Bilibili'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
NTES	1.39	0.42	0.28	0.78	0.94	(1.73)	2.85	(2.29)	17.19
RBLX	1.64	1.14	0.59	2.44	0.74	(2.18)	4.80	(2.48)	11.70
SKLZ	2.15	0.67	0.27	0.71	1.86	(2.44)	5.58	(3.23)	14.92
ATVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTWO	1.25	0.07	0.00	0.28	1.95	(1.25)	2.89	(2.85)	11.07
EA	0.99	(0.02)	(0.06)	0.10	1.23	(0.96)	2.41	(2.52)	6.88
NTDOY	1.80	0.24	0.09	0.65	1.69	(2.29)	4.10	(3.73)	11.08

Be your own money manager

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