Activision Blizzard Correlations
| ATVIDelisted Stock | USD 92.55 0.62 0.67% |
The current 90-days correlation between Activision Blizzard and Take Two Interactive Software is -0.12 (i.e., Good diversification). The correlation of Activision Blizzard 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.
Activision |
Moving together with Activision Stock
| 0.79 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.7 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.74 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.73 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.85 | MFG | Mizuho Financial | PairCorr |
| 0.74 | MZHOF | Mizuho Financial Normal Trading | PairCorr |
| 0.78 | JPHLF | Japan Post Holdings | PairCorr |
| 0.82 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.85 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.83 | DIS | Walt Disney | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Activision Stock
| 0.79 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.48 | SHG | Shinhan Financial | PairCorr |
| 0.43 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.41 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.38 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Activision Stock performing well and Activision Blizzard 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 Activision Blizzard'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTWO | 0.91 | 0.20 | 0.09 | 0.54 | 1.18 | 2.00 | 9.66 | |||
| NTDOY | 1.02 | (0.16) | 0.00 | (0.17) | 0.00 | 1.65 | 8.79 | |||
| NTES | 2.06 | 0.09 | 0.00 | 0.64 | 2.34 | 4.88 | 13.73 | |||
| PLTK | 1.24 | 0.12 | 0.08 | 0.25 | 1.18 | 3.06 | 9.23 | |||
| EA | 0.83 | 0.14 | 0.05 | 0.48 | 1.15 | 1.64 | 4.73 | |||
| RBLX | 1.73 | 0.22 | 0.05 | 2.63 | 1.86 | 3.36 | 24.10 | |||
| SKLZ | 2.12 | (0.26) | 0.00 | (0.18) | 0.00 | 4.96 | 15.25 | |||
| BILI | 4.11 | 0.54 | 0.11 | 0.63 | 4.61 | 14.33 | 29.95 | |||
| NTDOF | 2.19 | (0.08) | 0.00 | (1.63) | 0.00 | 4.69 | 14.93 | |||
| UBSFY | 2.84 | (0.53) | 0.00 | (0.43) | 0.00 | 4.58 | 34.80 |
Activision Blizzard 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 Activision Blizzard stock to make a market-neutral strategy. Peer analysis of Activision Blizzard could also be used in its relative valuation, which is a method of valuing Activision Blizzard by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Activision Blizzard Corporate Management
| Christopher CFA | VP Relations | Profile | |
| Fernando Machado | Chief Officer | Profile | |
| Lulu Meservey | Chief Affairs | Profile | |
| Jesse Yang | VP Officer | Profile | |
| Brian Bulatao | Chief Officer | Profile | |
| Grant Dixton | Chief Officer | Profile |
Still Interested in Activision Blizzard?
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