Couchbase Correlations
| BASEDelisted Stock | USD 23.72 0.00 0.00% |
The correlation of Couchbase 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.
Couchbase Correlation With Market
Very good diversification
The correlation between Couchbase and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Couchbase and DJI in the same portfolio, assuming nothing else is changed.
Couchbase |
Moving together with Couchbase Stock
Moving against Couchbase Stock
| 0.74 | KO | Coca Cola Earnings Call Next Week | PairCorr |
| 0.74 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.69 | CVX | Chevron Corp | PairCorr |
| 0.67 | PG | Procter Gamble | PairCorr |
| 0.66 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.62 | PPHI | Positive Physicians | PairCorr |
| 0.61 | CSCO | Cisco Systems Earnings Call Tomorrow | PairCorr |
| 0.58 | DD | Dupont De Nemours | PairCorr |
| 0.52 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.5 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.45 | INTC | Intel | PairCorr |
| 0.45 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.43 | HD | Home Depot | PairCorr |
| 0.34 | BA | Boeing | PairCorr |
Related Correlations Analysis
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 Couchbase Stock performing well and Couchbase 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 Couchbase'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZUO | 0.12 | 0.01 | (0.36) | (9.28) | 0.00 | 0.30 | 0.81 | |||
| MNTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PAYA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GB | 0.25 | 0.00 | (0.13) | (0.18) | 0.46 | 0.41 | 3.25 | |||
| WKME | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EVBG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TWKS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STER | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Couchbase 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 Couchbase stock to make a market-neutral strategy. Peer analysis of Couchbase could also be used in its relative valuation, which is a method of valuing Couchbase by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Couchbase Corporate Management
| Huw Owen | Senior Officer | Profile | |
| Julie Irish | Senior Officer | Profile | |
| Jan Lehnardt | CoFounder | Profile | |
| Matt McDonough | Senior Partners | Profile | |
| Rahim Yaseen | VP Products | Profile | |
| John Kreisa | Senior Officer | Profile | |
| James Phillips | CoFounder Products | Profile |
Still Interested in Couchbase?
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