Applied Blockchain Correlations

The correlation of Applied Blockchain is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Blockchain moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Applied Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Blockchain 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 Applied Blockchain - 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 Applied Blockchain to buy it.

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
JPMA
XOMMRK
MRKJPM
XOMJPM
MRKA
XOMA
  
High negative correlations   
MRKMSFT
XOMMSFT
MRKUBER
XOMUBER
JPMMSFT
XOMT

Applied Blockchain Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Applied Stock performing well and Applied Blockchain company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Applied Blockchain's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
MSFT 1.81 (0.12)  0.00 (0.02)  0.00 (0.0384)  0.00  3.92 (3.54)  11.64 
UBER 2.79 (0.01)  0.01  0.06  3.22  0.0048 (3.38)  8.60 (5.58)  19.67 
F 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
T 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
A 1.71  0.22  0.13  0.24  1.62  0.11 (2.06)  3.98 (2.97)  11.04 
CRM 2.20 (0.06) (0.01)  0.02  2.64 (0.013) (2.24)  4.31 (4.29)  14.31 
JPM 1.49  0.24  0.15  0.29  1.27  0.13 (1.60)  4.20 (2.15)  7.57 
MRK 1.03  0.34  0.23  1.09  0.89  0.22 (1.22)  2.44 (1.71)  7.38 
XOM 1.62  0.12  0.06  0.20  1.90  0.06 (1.68)  3.65 (3.00)  9.75 

Applied Blockchain Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Applied Blockchain stock to make a market-neutral strategy. Peer analysis of Applied Blockchain could also be used in its relative valuation, which is a method of valuing Applied Blockchain by comparing valuation metrics with similar companies.
AMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USAAramark HoldingsVanguard Long-TermSeagate Technology PLCVistra Energy CorpExxon Mobil CorpSignature BankBank First National
 Risk & Return  Correlation

Applied Blockchain Corporate Management

Elected by the shareholders, the Applied Blockchain's board of directors comprises two types of representatives: Applied Blockchain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied Blockchain's management team and ensure that shareholders' interests are well served. Applied Blockchain's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Applied Blockchain's outside directors are responsible for providing unbiased perspectives on the board's policies.
Regina Ingel - Chief OfficerProfile
Michael Maniscalco - Ex TechnologyProfile
David Rench - Chief OfficerProfile
Nick Phillips - Ex AffairsProfile

Invested in Applied Blockchain?

The danger of trading Applied Blockchain is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Applied Blockchain is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Applied Blockchain. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Applied Blockchain is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Other Tools for Applied Stock

When running Applied Blockchain price analysis, check to measure Applied Blockchain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Blockchain is operating at the current time. Most of Applied Blockchain's value examination focuses on studying past and present price action to predict the probability of Applied Blockchain's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Applied Blockchain's price. Additionally, you may evaluate how the addition of Applied Blockchain to your portfolios can decrease your overall portfolio volatility.
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