BigBearai Holdings Correlations

BBAI Stock

USD 2.19 0.10 4.78%

The current 90-days correlation between BigBearai Holdings and Innodata is 0.23 (i.e., Modest diversification). The correlation of BigBearai Holdings 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.

BigBearai Holdings Correlation With Market

Modest diversification

The correlation between BigBearai Holdings and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BigBearai Holdings 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 BigBearai Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in BigBearai Stock please use our How to Invest in BigBearai Holdings guide.

Moving together with BigBearai Stock

0.68	FI	Fiserv, Sell-off Trend	Pair Corr
0.78	KD	Kyndryl Holdings Upward Rally	Pair Corr
0.64	DMRC	Digimarc	Pair Corr
0.63	UIS	Unisys	Pair Corr
0.61	WIT	Wipro Limited ADR	Pair Corr
0.67	GDYN	Grid Dynamics Holdings	Pair Corr
0.7	WYY	Widepoint C Trending	Pair Corr

Moving against BigBearai Stock

0.59	GMM	Global Mofy Metaverse	Pair Corr
0.46	JFU	9F Inc	Pair Corr
0.66	NABL	N Able Inc	Pair Corr
0.57	NOTE	FiscalNote Holdings	Pair Corr
0.36	PENG	Penguin Solutions, Symbol Change	Pair Corr

Related Correlations Analysis

	INOD	CYXT	CLPS	ARBB	ALYA	NOTE	CTG	GDYN	KD	ACN
INOD		-0.43	-0.32	0.72	0.23	-0.79	0.62	0.84	0.9	0.29	INOD
CYXT	-0.43		-0.5	-0.44	0.49	0.71	-0.76	-0.69	-0.47	-0.73	CYXT
CLPS	-0.32	-0.5		-0.28	-0.61	-0.08	0.2	-0.11	-0.27	0.38	CLPS
ARBB	0.72	-0.44	-0.28		-0.13	-0.72	0.59	0.84	0.59	0.24	ARBB
ALYA	0.23	0.49	-0.61	-0.13		0.12	-0.39	-0.21	0.23	-0.48	ALYA
NOTE	-0.79	0.71	-0.08	-0.72	0.12		-0.75	-0.82	-0.7	-0.36	NOTE
CTG	0.62	-0.76	0.2	0.59	-0.39	-0.75		0.75	0.58	0.64	CTG
GDYN	0.84	-0.69	-0.11	0.84	-0.21	-0.82	0.75		0.79	0.57	GDYN
KD	0.9	-0.47	-0.27	0.59	0.23	-0.7	0.58	0.79		0.43	KD
ACN	0.29	-0.73	0.38	0.24	-0.48	-0.36	0.64	0.57	0.43		ACN
	INOD	CYXT	CLPS	ARBB	ALYA	NOTE	CTG	GDYN	KD	ACN

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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

KD	+ 0.9	INOD
GDYN	+ 0.84	INOD
GDYN	+ 0.84	ARBB
KD	+ 0.79	GDYN
GDYN	+ 0.75	CTG
ARBB	+ 0.72	INOD

High negative correlations

GDYN	- 0.82	NOTE
NOTE	- 0.79	INOD
CTG	- 0.76	CYXT
CTG	- 0.75	NOTE
ACN	- 0.73	CYXT
NOTE	- 0.72	ARBB

Risk-Adjusted Indicators

There is a big difference between BigBearai Stock performing well and BigBearai Holdings 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 BigBearai Holdings' 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
INOD	4.97	1.41	0.35	0.46	3.78	(6.04)	9.36	(7.63)	90.24
CYXT	11.67	(1.02)	0.00	(2.39)	0.00	0.00	35.29	(25.78)	105.50
CLPS	3.15	0.58	0.11	(1.26)	3.40	(4.01)	10.23	(6.03)	24.69
ARBB	8.27	1.09	0.12	0.39	8.56	(12.39)	12.00	(14.55)	124.90
ALYA	2.23	(0.13)	0.00	1.64	0.00	0.00	4.66	(3.85)	15.70
NOTE	2.70	(0.73)	0.00	(0.29)	0.00	0.00	5.00	(6.38)	20.02
CTG	1.34	0.21	0.10	0.83	1.26	(1.72)	2.72	(2.11)	8.01
GDYN	2.11	0.24	0.12	0.25	2.22	(2.37)	5.35	(4.27)	14.75
KD	1.67	0.36	0.25	0.32	1.18	(2.04)	3.41	(2.98)	15.71
ACN	1.03	0.05	0.02	0.17	1.52	(1.05)	1.72	(2.20)	10.10

BigBearai Holdings Corporate Management

Claire Morse	Chief Officer	Profile
Whitney Palacios	Chief Officer	Profile
Amanda Long	CEO Director	Profile
Joshua Kinley	Chief Officer	Profile
Greg Goldwater	Chief Officer	Profile
Theodore Tanner	Chief Officer	Profile
Julie Peffer	Chief Officer	Profile

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