Bakkt Holdings Correlations

BKKT Stock

USD 17.56 0.69 3.78%

The current 90-days correlation between Bakkt Holdings and Arqit Quantum is -0.03 (i.e., Good diversification). The correlation of Bakkt 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Bakkt Holdings Correlation With Market

Good diversification

The correlation between Bakkt Holdings and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bakkt 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 Bakkt 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 industry.

For more information on how to buy Bakkt Stock please use our How to Invest in Bakkt Holdings guide.

Moving together with Bakkt Stock

0.61	CETXP	Cemtrex Pref	Pair Corr
0.71	FIVN	Five9 Inc	Pair Corr
0.78	DLO	Dlocal Tech Boost	Pair Corr
0.65	FTNT	Fortinet Earnings Call This Week	Pair Corr

Moving against Bakkt Stock

0.71	VHAI	VHAI	Pair Corr
0.66	VRNS	Varonis Systems Earnings Call Tomorrow	Pair Corr
0.57	MQ	Marqeta	Pair Corr
0.53	VERI	Veritone	Pair Corr
0.4	S	SentinelOne	Pair Corr
0.34	DTSS	Datasea	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.63	PGY	Pagaya Technologies	Pair Corr
0.62	DOX	Amdocs Earnings Call This Week	Pair Corr
0.59	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.41	OLB	OLB Group	Pair Corr
0.39	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.63	ZETA	Zeta Global Holdings	Pair Corr
0.58	APCXW	AppTech Payments Corp	Pair Corr

Related Correlations Analysis

	ARQQ	ALAR	EGIO	GCT	PGY	KPLTW	IMXI	LVOX	KLTR	IRNT
ARQQ		-0.69	-0.71	-0.68	-0.44	-0.01	0.4	-0.18	0.71	-0.71	ARQQ
ALAR	-0.69		0.64	0.67	0.57	-0.36	-0.12	0.09	-0.59	0.79	ALAR
EGIO	-0.71	0.64		0.46	0.68	-0.05	-0.7	0.47	-0.88	0.62	EGIO
GCT	-0.68	0.67	0.46		0.64	-0.06	-0.12	-0.12	-0.36	0.55	GCT
PGY	-0.44	0.57	0.68	0.64		-0.09	-0.31	0.21	-0.46	0.47	PGY
KPLTW	-0.01	-0.36	-0.05	-0.06	-0.09		-0.18	0.08	0.15	-0.09	KPLTW
IMXI	0.4	-0.12	-0.7	-0.12	-0.31	-0.18		-0.47	0.72	-0.08	IMXI
LVOX	-0.18	0.09	0.47	-0.12	0.21	0.08	-0.47		-0.42	0.04	LVOX
KLTR	0.71	-0.59	-0.88	-0.36	-0.46	0.15	0.72	-0.42		-0.53	KLTR
IRNT	-0.71	0.79	0.62	0.55	0.47	-0.09	-0.08	0.04	-0.53		IRNT
	ARQQ	ALAR	EGIO	GCT	PGY	KPLTW	IMXI	LVOX	KLTR	IRNT

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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

IRNT	+ 0.79	ALAR
KLTR	+ 0.72	IMXI
KLTR	+ 0.71	ARQQ
PGY	+ 0.68	EGIO
GCT	+ 0.67	ALAR
EGIO	+ 0.64	ALAR

High negative correlations

KLTR	- 0.88	EGIO
IRNT	- 0.71	ARQQ
EGIO	- 0.71	ARQQ
IMXI	- 0.7	EGIO
ALAR	- 0.69	ARQQ
GCT	- 0.68	ARQQ

Risk-Adjusted Indicators

There is a big difference between Bakkt Stock performing well and Bakkt 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 Bakkt 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
ARQQ	10.76	2.56	0.23	2.85	9.64	(13.48)	37.23	(18.52)	81.53
ALAR	3.66	(0.80)	0.00	(0.51)	0.00	0.00	7.34	(8.46)	24.70
EGIO	4,041	2,112	41.01	22.30	52.53	(7,045)	300.00	(92.65)	100,000
GCT	3.73	(0.17)	0.00	(0.06)	0.00	0.00	7.91	(7.06)	30.15
PGY	4.36	(0.20)	0.00	(0.21)	0.00	0.00	9.72	(6.97)	51.11
KPLTW	12.51	2.51	0.14	1.74	12.87	(17.11)	50.88	(27.85)	108.80
IMXI	1.29	0.09	0.03	0.27	1.43	(1.46)	2.74	(2.38)	15.73
LVOX	2.06	(0.03)	0.00	1.03	0.00	0.00	4.81	(4.26)	19.68
KLTR	4.01	1.08	0.24	1.20	3.52	(5.16)	10.90	(7.19)	33.83
IRNT	7.07	(0.63)	0.00	(3.74)	0.00	0.00	11.76	(13.04)	72.73

Bakkt Holdings Corporate Management

Michael Lewis	Chief Officer	Profile
Ann DeVries	Head Relations	Profile
Kim Jimenez	Chief Officer	Profile
Nicholas Baes	Chief Officer	Profile
Sheela Zemlin	Executive Officer	Profile

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