BlackBerry Correlations

BB Stock

USD 3.66 0.09 2.40%

The current 90-days correlation between BlackBerry and PagSeguro Digital is -0.12 (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

Excellent diversification

The correlation between BlackBerry and DJI is -0.56 (i.e., Excellent diversification) 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

0.77	S	SentinelOne	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.89	HPQ	HP Inc	Pair Corr

Moving against BlackBerry Stock

0.83	KFII	KF Growth Acquisition	Pair Corr
0.77	NMM	Navios Maritime Partners	Pair Corr
0.74	JRVR	James River Group	Pair Corr
0.56	SUNFF	Sun Life Financial	Pair Corr
0.55	MGTC	Megatech Corp	Pair Corr
0.33	CRNC	Cerence Downward Rally	Pair Corr
0.32	38143CEC1	US38143CEC10	Pair Corr
0.93	MRK	Merck Company Earnings Call This Week	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.81	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.69	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.49	KO	Coca Cola Aggressive Push	Pair Corr
0.49	TRV	The Travelers Companies	Pair Corr
0.45	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.41	MCD	McDonalds	Pair Corr
0.37	INTC	Intel	Pair Corr

Related Correlations Analysis

	PAGS	EEFT	SPSC	AVPT	ODD	WRD	YOU	BRZE	NATL	RUM
PAGS		-0.07	0.08	-0.47	-0.4	0.01	0.02	-0.38	0.12	0.04	PAGS
EEFT	-0.07		0.69	0.69	0.54	0.54	-0.01	0.52	0.59	0.7	EEFT
SPSC	0.08	0.69		0.51	0.12	0.66	-0.15	0.05	0.52	0.38	SPSC
AVPT	-0.47	0.69	0.51		0.62	0.63	-0.15	0.57	0.39	0.59	AVPT
ODD	-0.4	0.54	0.12	0.62		0.35	-0.19	0.47	-0.07	0.68	ODD
WRD	0.01	0.54	0.66	0.63	0.35		-0.53	0.03	0.39	0.58	WRD
YOU	0.02	-0.01	-0.15	-0.15	-0.19	-0.53		0.47	0.25	-0.06	YOU
BRZE	-0.38	0.52	0.05	0.57	0.47	0.03	0.47		0.38	0.52	BRZE
NATL	0.12	0.59	0.52	0.39	-0.07	0.39	0.25	0.38		0.45	NATL
RUM	0.04	0.7	0.38	0.59	0.68	0.58	-0.06	0.52	0.45		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

RUM	+ 0.7	EEFT
SPSC	+ 0.69	EEFT
AVPT	+ 0.69	EEFT
RUM	+ 0.68	ODD
WRD	+ 0.66	SPSC
WRD	+ 0.63	AVPT

High negative correlations

YOU	- 0.53	WRD
AVPT	- 0.47	PAGS
ODD	- 0.4	PAGS
BRZE	- 0.38	PAGS
YOU	- 0.19	ODD
YOU	- 0.15	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	2.19	0.39	0.12	0.77	2.47	(2.37)	4.80	(4.98)	11.73
EEFT	1.20	(0.23)	0.00	(0.19)	0.00	0.00	2.03	(2.67)	8.01
SPSC	1.53	(0.36)	0.00	(0.35)	0.00	0.00	2.21	(3.12)	20.84
AVPT	1.78	(0.36)	0.00	(0.32)	0.00	0.00	2.78	(3.87)	16.05
ODD	2.37	(0.48)	0.00	(0.43)	0.00	0.00	4.24	(5.12)	18.82
WRD	3.07	(0.20)	0.00	(0.18)	0.00	0.00	5.14	(6.66)	24.73
YOU	2.13	0.06	0.02	0.14	2.10	(2.91)	5.49	(3.81)	18.67
BRZE	2.60	(0.38)	0.00	(0.29)	0.00	0.00	4.10	(6.46)	27.69
NATL	1.54	(0.11)	0.00	(0.01)	0.00	0.00	3.08	(3.05)	12.49
RUM	3.11	(0.28)	0.00	(0.10)	0.00	0.00	7.32	(6.91)	23.11

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