Blackbaud Correlations

BLKB Stock

USD 78.07 0.67 0.87%

The current 90-days correlation between Blackbaud and Envestnet is -0.03 (i.e., Good diversification). The correlation of Blackbaud 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.

Blackbaud Correlation With Market

Modest diversification

The correlation between Blackbaud and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blackbaud 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 Blackbaud. 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 information on how to trade Blackbaud Stock refer to our How to Trade Blackbaud Stock guide.

Moving together with Blackbaud Stock

0.63	DOMO	Domo Inc	Pair Corr
0.67	VTEX	VTEX	Pair Corr
0.76	ETWO	E2open Parent Holdings	Pair Corr
0.67	EVOL	Evolving Systems	Pair Corr

Moving against Blackbaud Stock

0.66	EGAN	eGain	Pair Corr
0.65	WK	Workiva	Pair Corr
0.57	DOCU	DocuSign	Pair Corr
0.57	DUOT	Duos Technologies	Pair Corr
0.46	AZ	A2Z Smart Technologies	Pair Corr
0.37	AI	C3 Ai Inc	Pair Corr
0.36	ML	MoneyLion	Pair Corr
0.34	VERX	Vertex	Pair Corr
0.7	EZFL	EzFill Holdings Tech Boost	Pair Corr
0.67	BMR	Beamr Imaging	Pair Corr
0.59	WFCF	Where Food Comes Downward Rally	Pair Corr
0.53	CXM	Sprinklr Sell-off Trend	Pair Corr
0.52	ENFN	Enfusion Tech Boost	Pair Corr
0.49	EXFY	Expensify	Pair Corr
0.45	DSP	Viant Technology	Pair Corr
0.41	APP	Applovin Corp	Pair Corr
0.36	DHX	DHI Group	Pair Corr
0.31	ESTC	Elastic NV	Pair Corr

Related Correlations Analysis

	ENV	MODN	PRGS	ENFN	ETWO	CVT	AZPN	BSY	TYL	SSNC
ENV		-0.05	-0.6	0.31	-0.67	0.41	0.14	-0.45	-0.69	0.35	ENV
MODN	-0.05		0.1	0.64	-0.33	0.7	0.72	-0.48	0.12	-0.06	MODN
PRGS	-0.6	0.1		0.17	0.62	-0.12	0.31	0.43	0.8	0.31	PRGS
ENFN	0.31	0.64	0.17		-0.56	0.84	0.87	-0.6	-0.07	0.57	ENFN
ETWO	-0.67	-0.33	0.62	-0.56		-0.65	-0.37	0.75	0.68	-0.19	ETWO
CVT	0.41	0.7	-0.12	0.84	-0.65		0.8	-0.7	-0.27	0.43	CVT
AZPN	0.14	0.72	0.31	0.87	-0.37	0.8		-0.48	0.07	0.55	AZPN
BSY	-0.45	-0.48	0.43	-0.6	0.75	-0.7	-0.48		0.58	-0.11	BSY
TYL	-0.69	0.12	0.8	-0.07	0.68	-0.27	0.07	0.58		-0.05	TYL
SSNC	0.35	-0.06	0.31	0.57	-0.19	0.43	0.55	-0.11	-0.05		SSNC
	ENV	MODN	PRGS	ENFN	ETWO	CVT	AZPN	BSY	TYL	SSNC

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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

AZPN	+ 0.87	ENFN
CVT	+ 0.84	ENFN
TYL	+ 0.8	PRGS
AZPN	+ 0.8	CVT
BSY	+ 0.75	ETWO
AZPN	+ 0.72	MODN

High negative correlations

BSY	- 0.7	CVT
TYL	- 0.69	ENV
ETWO	- 0.67	ENV
CVT	- 0.65	ETWO
BSY	- 0.6	ENFN
PRGS	- 0.6	ENV

Risk-Adjusted Indicators

There is a big difference between Blackbaud Stock performing well and Blackbaud 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 Blackbaud'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
ENV	0.09	0.00	0.01	(0.26)	0.09	(0.10)	0.22	(0.22)	0.68
MODN	0.50	0.16	0.20	0.93	0.29	(0.69)	1.01	(0.50)	10.58
PRGS	0.93	(0.04)	0.00	(0.13)	0.00	0.00	1.60	(1.64)	8.51
ENFN	1.77	0.32	0.15	1.06	1.92	(2.10)	3.77	(3.40)	9.86
ETWO	2.01	(0.24)	0.00	(0.30)	0.00	0.00	4.56	(4.06)	17.11
CVT	0.13	0.02	0.11	(1.46)	0.00	(0.18)	0.24	(0.24)	1.07
AZPN	0.62	0.09	0.10	0.47	0.73	(0.67)	1.38	(1.05)	3.86
BSY	1.17	(0.14)	0.00	(0.86)	0.00	0.00	2.29	(2.72)	7.22
TYL	1.07	(0.05)	0.00	(0.15)	0.00	0.00	2.06	(2.64)	7.85
SSNC	0.88	0.08	0.05	0.19	1.52	(0.87)	2.09	(1.23)	7.68

Blackbaud Corporate Management

Jon JD	General VP	Profile
David Benjamin	Executive Officer	Profile
Chris Lindner	Chief Officer	Profile
Kevin McDearis	Executive Officer	Profile

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