Couchbase Correlations

BASE Stock

USD 15.64 2.20 16.37%

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

Poor diversification

The correlation between Couchbase and DJI is 0.62 (i.e., Poor 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Couchbase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For information on how to trade Couchbase Stock refer to our How to Trade Couchbase Stock guide.

Moving together with Couchbase Stock

0.79	S	SentinelOne Sell-off Trend	Pair Corr
0.64	AI	C3 Ai Inc	Pair Corr
0.64	BB	BlackBerry	Pair Corr
0.75	DOCN	DigitalOcean Holdings	Pair Corr
0.62	VERI	Veritone	Pair Corr
0.63	VRNT	Verint Systems	Pair Corr
0.79	FIVN	Five9 Inc	Pair Corr
0.67	FLYW	Flywire Corp	Pair Corr
0.82	BOX	Box Inc	Pair Corr
0.74	DBX	Dropbox	Pair Corr
0.79	DLO	Dlocal	Pair Corr
0.71	FTNT	Fortinet	Pair Corr
0.88	IOT	Samsara	Pair Corr
0.86	MDB	MongoDB	Pair Corr
0.81	NET	Cloudflare	Pair Corr

Moving against Couchbase Stock

0.58	GB	Global Blue Group	Pair Corr
0.51	MQ	Marqeta	Pair Corr
0.42	EVTC	Evertec	Pair Corr
0.37	VRSN	VeriSign	Pair Corr
0.53	XNET	Xunlei Ltd Adr	Pair Corr

Related Correlations Analysis

	ESMT	EVTC	FLYW	IIIV	CSGS	EVCM	CCSI	ACIW	RELY	GB
ESMT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESMT
EVTC	0.0		-0.77	-0.1	0.41	-0.3	-0.37	0.47	-0.48	0.19	EVTC
FLYW	0.0	-0.77		0.38	-0.33	0.62	0.69	-0.1	0.8	-0.34	FLYW
IIIV	0.0	-0.1	0.38		0.62	0.56	0.68	0.03	0.74	-0.74	IIIV
CSGS	0.0	0.41	-0.33	0.62		-0.13	0.25	0.11	0.18	-0.54	CSGS
EVCM	0.0	-0.3	0.62	0.56	-0.13		0.5	0.23	0.63	-0.34	EVCM
CCSI	0.0	-0.37	0.69	0.68	0.25	0.5		0.17	0.82	-0.61	CCSI
ACIW	0.0	0.47	-0.1	0.03	0.11	0.23	0.17		0.07	-0.01	ACIW
RELY	0.0	-0.48	0.8	0.74	0.18	0.63	0.82	0.07		-0.56	RELY
GB	0.0	0.19	-0.34	-0.74	-0.54	-0.34	-0.61	-0.01	-0.56		GB
	ESMT	EVTC	FLYW	IIIV	CSGS	EVCM	CCSI	ACIW	RELY	GB

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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

RELY	+ 0.82	CCSI
RELY	+ 0.8	FLYW
RELY	+ 0.74	IIIV
CCSI	+ 0.69	FLYW
CCSI	+ 0.68	IIIV
RELY	+ 0.63	EVCM

High negative correlations

FLYW	- 0.77	EVTC
GB	- 0.74	IIIV
GB	- 0.61	CCSI
GB	- 0.56	RELY
GB	- 0.54	CSGS
RELY	- 0.48	EVTC

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
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.50	0.10	0.05	0.03	1.88	(1.74)	2.03	(3.19)	21.66
FLYW	2.80	(0.97)	0.00	(1.01)	0.00	0.00	4.49	(5.74)	44.16
IIIV	1.70	0.12	0.06	0.07	1.98	(1.76)	2.87	(3.07)	13.95
CSGS	1.42	0.32	0.19	0.31	1.40	(1.48)	3.28	(2.35)	8.94
EVCM	1.78	0.07	0.00	(0.03)	0.00	0.00	4.58	(3.52)	12.67
CCSI	2.38	(0.12)	0.00	(0.17)	0.00	0.00	4.23	(5.66)	20.81
ACIW	1.80	0.13	0.04	0.02	2.28	(1.95)	3.64	(3.42)	14.18
RELY	1.93	(0.07)	0.00	(0.13)	0.00	0.00	4.00	(4.79)	12.44
GB	1.37	0.04	0.06	(0.46)	1.80	(1.73)	2.74	(3.54)	18.45

Couchbase Corporate Management

Huw Owen	Senior Officer	Profile
Julie Irish	Senior Officer	Profile
Jan Lehnardt	CoFounder	Profile
Rahim Yaseen	VP Products	Profile
John Kreisa	Senior Officer	Profile
James Phillips	CoFounder Products	Profile
Ravi Mayuram	Chief Officer	Profile

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