Blacksky Technology Correlations

BKSY Stock

USD 8.71 0.05 0.57%

The correlation of Blacksky Technology 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.

Blacksky Technology Correlation With Market

Weak diversification

The correlation between Blacksky Technology and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blacksky Technology 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 Blacksky Technology. 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 more information on how to buy Blacksky Stock please use our How to Invest in Blacksky Technology guide.

Moving together with Blacksky Stock

0.83	FTV	Fortive Corp	Pair Corr
0.74	VNT	Vontier Corp	Pair Corr
0.7	VPG	Vishay Precision	Pair Corr
0.82	GNSS	Genasys	Pair Corr
0.84	KEYS	Keysight Technologies	Pair Corr
0.84	MIND	Mind Technology	Pair Corr
0.78	MLAB	Mesa Laboratories	Pair Corr
0.63	S	SentinelOne	Pair Corr
0.72	BB	BlackBerry	Pair Corr
0.95	DT	Dynatrace Holdings LLC	Pair Corr
0.71	DV	DoubleVerify Holdings	Pair Corr

Moving against Blacksky Stock

0.49	ITRI	Itron Inc	Pair Corr
0.34	SVRE	SaverOne 2014	Pair Corr
0.33	GB	Global Blue Group	Pair Corr

Related Correlations Analysis

	QNGYQ	FCUV	ESE	GNSS	CPTNW	DPLS	CPTN	COHR	SOBR
QNGYQ		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	QNGYQ
FCUV	0.0		-0.22	0.33	0.0	0.1	0.0	0.18	-0.12	FCUV
ESE	0.0	-0.22		-0.05	0.0	-0.72	0.0	-0.69	-0.31	ESE
GNSS	0.0	0.33	-0.05		0.0	-0.03	0.0	0.44	0.23	GNSS
CPTNW	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CPTNW
DPLS	0.0	0.1	-0.72	-0.03	0.0		0.0	0.75	0.41	DPLS
CPTN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CPTN
COHR	0.0	0.18	-0.69	0.44	0.0	0.75	0.0		0.55	COHR
SOBR	0.0	-0.12	-0.31	0.23	0.0	0.41	0.0	0.55		SOBR
	QNGYQ	FCUV	ESE	GNSS	CPTNW	DPLS	CPTN	COHR	SOBR

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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

COHR	+ 0.75	DPLS
SOBR	+ 0.55	COHR
COHR	+ 0.44	GNSS
SOBR	+ 0.41	DPLS
GNSS	+ 0.33	FCUV
SOBR	+ 0.23	GNSS

High negative correlations

DPLS	- 0.72	ESE
COHR	- 0.69	ESE
SOBR	- 0.31	ESE
ESE	- 0.22	FCUV
SOBR	- 0.12	FCUV
GNSS	- 0.05	ESE

Risk-Adjusted Indicators

There is a big difference between Blacksky Stock performing well and Blacksky Technology 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 Blacksky Technology'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
QNGYQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCUV	11.73	3.13	0.30	0.95	8.59	(16.68)	29.33	(19.35)	200.44
ESE	1.62	0.27	0.16	0.32	1.54	(1.83)	2.58	(2.47)	24.14
GNSS	3.22	0.09	0.00	(0.02)	0.00	0.00	7.29	(8.07)	32.38
CPTNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPLS	11.36	0.85	0.04	0.18	11.29	(27.39)	25.00	(20.00)	150.00
CPTN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COHR	3.51	(0.45)	0.00	(0.32)	0.00	0.00	5.84	(7.31)	25.13
SOBR	8.41	(1.12)	0.00	(0.37)	0.00	0.00	22.09	(13.04)	67.79

Blacksky Technology Corporate Management

Tammy Viola	Vice People	Profile
Kevin Rioles	Chief Officer	Profile
Pauly Cabellon	Director Communications	Profile
Henry Dubois	Chief Officer	Profile
Aly Bonilla	Vice Relations	Profile
Christiana Esq	Chief Counsel	Profile

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