HIVE Blockchain Correlations
| HIVE Stock | USD 2.63 0.14 5.62% |
The correlation of HIVE Blockchain 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HIVE Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HIVE Blockchain Technologies 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.
Very weak diversification
The correlation between HIVE Blockchain Technologies and NYA is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HIVE Blockchain Technologies and NYA in the same portfolio, assuming nothing else is changed.
HIVE |
The ability to find closely correlated positions to HIVE 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 HIVE 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 HIVE 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 HIVE Blockchain Technologies to buy it.
Moving against HIVE Stock
| 0.83 | SCM | Stellus Capital Inve | PairCorr |
| 0.77 | GBDC | Golub Capital BDC Fiscal Year End 18th of November 2024 | PairCorr |
| 0.74 | GLAD | Gladstone Capital Fiscal Year End 11th of November 2024 | PairCorr |
| 0.73 | WAVS | Western Acquisition | PairCorr |
| 0.68 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.62 | MRCC | Monroe Capital Corp | PairCorr |
| 0.59 | FDUS | Fidus Investment Corp | PairCorr |
| 0.56 | IPXXU | Inflection Point Acq | PairCorr |
| 0.47 | GAIN | Gladstone Investment | PairCorr |
| 0.44 | SEPAU | SEP Acquisition Corp | PairCorr |
| 0.83 | CGBD | Carlyle Secured Lending | PairCorr |
| 0.72 | PNNT | PennantPark Investment Fiscal Year End 20th of November 2024 | PairCorr |
| 0.71 | ORGN | Origin Materials | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in HIVE Blockchain 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.Did you try this?
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HIVE Blockchain Corporate Management
Elected by the shareholders, the HIVE Blockchain's board of directors comprises two types of representatives: HIVE Blockchain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HIVE. The board's role is to monitor HIVE Blockchain's management team and ensure that shareholders' interests are well served. HIVE 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, HIVE Blockchain's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Johanna Thornblad | Country Sweden | Profile | |
| Darcy Daubaras | Chief Officer | Profile | |
| William Gray | Chief Officer | Profile | |
| Mario Sergi | Chief Officer | Profile | |
| Luke Rossy | Chief Officer | Profile |
Already Invested in HIVE Blockchain Technologies?
The danger of trading HIVE Blockchain Technologies 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 HIVE 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 HIVE Blockchain. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HIVE Blockchain Tech 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.
When determining whether HIVE Blockchain Tech is a strong investment it is important to analyze HIVE Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HIVE Blockchain's future performance. For an informed investment choice regarding HIVE Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIVE Blockchain Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for HIVE Stock analysis
When running HIVE Blockchain's price analysis, check to measure HIVE 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 HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to predict the probability of HIVE Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.
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Is HIVE Blockchain's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HIVE Blockchain. If investors know HIVE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HIVE Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.217 | Earnings Share (0.45) | Revenue Per Share 1.121 | Quarterly Revenue Growth 1.183 | Return On Assets (0.07) |
The market value of HIVE Blockchain Tech is measured differently than its book value, which is the value of HIVE that is recorded on the company's balance sheet. Investors also form their own opinion of HIVE Blockchain's value that differs from its market value or its book value, called intrinsic value, which is HIVE Blockchain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HIVE Blockchain's market value can be influenced by many factors that don't directly affect HIVE Blockchain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HIVE Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if HIVE Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HIVE Blockchain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.