BlackBerry Correlations

BB Stock

USD 3.42 0.04 1.16%

The current 90-days correlation between BlackBerry and PagSeguro Digital is -0.11 (i.e., Good diversification). The correlation of BlackBerry 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.

BlackBerry Correlation With Market

Pay attention - limited upside

The correlation between BlackBerry and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BlackBerry and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BlackBerry Stock

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

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

Moving together with BlackBerry Stock

0.71	S	SentinelOne	Pair Corr
0.84	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.85	ZS	Zscaler Earnings Call This Week	Pair Corr
0.65	VRNS	Varonis Systems	Pair Corr
0.89	ANY	Sphere 3D Corp	Pair Corr
0.76	FROG	Jfrog	Pair Corr
0.86	FUBO	Fubotv Inc	Pair Corr
0.9	NOW	ServiceNow	Pair Corr
0.74	PGY	Pagaya Technologies	Pair Corr
0.77	RPD	Rapid7 Inc	Pair Corr
0.72	TLS	Telos Corp	Pair Corr
0.79	XTKG	X3 Holdings	Pair Corr
0.83	GTLB	Gitlab Inc	Pair Corr
0.64	INLX	Intellinetics	Pair Corr
0.85	INTZ	Intrusion	Pair Corr
0.62	IVDA	Iveda Solutions	Pair Corr
0.85	PRO	Prophecy International Earnings Call This Week	Pair Corr
0.7	LSPD	Lightspeed Commerce	Pair Corr
0.84	MSFT	Microsoft	Pair Corr
0.86	NABL	N Able Inc Earnings Call Today	Pair Corr
0.84	ORCL	Oracle	Pair Corr
0.65	OSPN	OneSpan	Pair Corr
0.86	PANW	Palo Alto Networks	Pair Corr
0.72	PLTR	Palantir Technologies	Pair Corr
0.86	QLYS	Qualys Inc	Pair Corr
0.77	RBRK	Rubrik	Pair Corr

Moving against BlackBerry Stock

0.66	ALLIX	Wallix Group SA	Pair Corr
0.6	OS	OneStream Class A Earnings Call This Week	Pair Corr
0.45	GROV	Virgin Group Acquisition	Pair Corr
0.78	SHG	Shinhan Financial	Pair Corr
0.75	KB	KB Financial Group	Pair Corr
0.56	ATEN	A10 Network	Pair Corr
0.45	ALLT	Allot Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PAGS	EEFT	SPSC	AVPT	ODD	WRD	YOU	BRZE	NATL	RUM
PAGS		-0.26	-0.13	-0.63	-0.59	-0.08	-0.56	-0.67	0.24	-0.22	PAGS
EEFT	-0.26		0.62	0.68	0.62	0.67	0.59	0.73	0.11	0.68	EEFT
SPSC	-0.13	0.62		0.71	0.44	0.67	0.42	0.62	-0.23	0.31	SPSC
AVPT	-0.63	0.68	0.71		0.83	0.62	0.69	0.95	-0.31	0.57	AVPT
ODD	-0.59	0.62	0.44	0.83		0.43	0.6	0.87	-0.47	0.7	ODD
WRD	-0.08	0.67	0.67	0.62	0.43		0.25	0.55	0.17	0.71	WRD
YOU	-0.56	0.59	0.42	0.69	0.6	0.25		0.71	-0.14	0.31	YOU
BRZE	-0.67	0.73	0.62	0.95	0.87	0.55	0.71		-0.28	0.63	BRZE
NATL	0.24	0.11	-0.23	-0.31	-0.47	0.17	-0.14	-0.28		0.1	NATL
RUM	-0.22	0.68	0.31	0.57	0.7	0.71	0.31	0.63	0.1		RUM
	PAGS	EEFT	SPSC	AVPT	ODD	WRD	YOU	BRZE	NATL	RUM

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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

BRZE	+ 0.95	AVPT
BRZE	+ 0.87	ODD
ODD	+ 0.83	AVPT
BRZE	+ 0.73	EEFT
AVPT	+ 0.71	SPSC
RUM	+ 0.71	WRD

High negative correlations

BRZE	- 0.67	PAGS
AVPT	- 0.63	PAGS
ODD	- 0.59	PAGS
YOU	- 0.56	PAGS
NATL	- 0.47	ODD
NATL	- 0.31	AVPT

Risk-Adjusted Indicators

There is a big difference between BlackBerry Stock performing well and BlackBerry 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 BlackBerry'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
PAGS	2.23	0.17	0.06	0.16	3.06	(2.22)	4.75	(5.55)	11.39
EEFT	1.52	(0.03)	(0.01)	0.01	2.24	(1.50)	3.93	(3.33)	10.83
SPSC	1.69	(0.54)	0.00	(0.45)	0.00	0.00	2.21	(5.09)	11.76
AVPT	1.69	(0.36)	0.00	(0.29)	0.00	0.00	2.78	(3.63)	12.57
ODD	2.49	(0.45)	0.00	(0.33)	0.00	0.00	4.56	(5.12)	18.82
WRD	2.83	(0.11)	0.00	(0.03)	0.00	0.00	5.19	(5.74)	24.73
YOU	1.82	(0.19)	0.00	(0.26)	0.00	0.00	3.59	(3.81)	18.67
BRZE	2.85	(0.78)	0.00	(0.61)	0.00	0.00	3.40	(8.25)	27.69
NATL	1.52	0.16	0.09	0.13	1.69	(1.64)	3.55	(2.69)	12.49
RUM	3.12	(0.07)	0.00	0.01	3.83	(3.25)	7.65	(6.74)	23.11

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