Blackbaud Correlations

BLKB Stock

USD 86.98 1.61 1.89%

The current 90-days correlation between Blackbaud and Envestnet is 0.12 (i.e., Average 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

Very weak diversification

The correlation between Blackbaud and DJI is 0.5 (i.e., Very weak 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 against Blackbaud Stock

0.32	DTRK	DATATRAK International	Pair Corr
0.33	WRNT	Warrantee American	Pair Corr

Related Correlations Analysis

	ENV	MODN	PRGS	ENFN	ETWO	CVT	AZPN	BSY	TYL	SSNC
ENV		-0.04	0.25	0.22	-0.5	0.36	0.3	-0.45	0.48	-0.13	ENV
MODN	-0.04		0.57	0.58	-0.47	0.7	0.64	-0.34	0.44	-0.01	MODN
PRGS	0.25	0.57		0.81	-0.73	0.77	0.79	-0.2	0.59	0.03	PRGS
ENFN	0.22	0.58	0.81		-0.58	0.79	0.79	-0.24	0.5	-0.02	ENFN
ETWO	-0.5	-0.47	-0.73	-0.58		-0.81	-0.63	0.34	-0.72	0.17	ETWO
CVT	0.36	0.7	0.77	0.79	-0.81		0.85	-0.34	0.7	-0.01	CVT
AZPN	0.3	0.64	0.79	0.79	-0.63	0.85		-0.32	0.69	0.06	AZPN
BSY	-0.45	-0.34	-0.2	-0.24	0.34	-0.34	-0.32		-0.33	0.33	BSY
TYL	0.48	0.44	0.59	0.5	-0.72	0.7	0.69	-0.33		-0.27	TYL
SSNC	-0.13	-0.01	0.03	-0.02	0.17	-0.01	0.06	0.33	-0.27		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	+ 0.85	CVT
ENFN	+ 0.81	PRGS
AZPN	+ 0.79	PRGS
CVT	+ 0.79	ENFN
AZPN	+ 0.79	ENFN
CVT	+ 0.77	PRGS

High negative correlations

CVT	- 0.81	ETWO
ETWO	- 0.73	PRGS
TYL	- 0.72	ETWO
AZPN	- 0.63	ETWO
ETWO	- 0.58	ENFN
ETWO	- 0.5	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	(0.01)	(0.72)	(0.15)	0.10	(0.10)	0.22	(0.22)	0.68
MODN	0.50	0.17	0.07	(1.04)	0.29	(0.69)	1.01	(0.50)	10.58
PRGS	1.13	0.22	0.17	0.43	0.73	(1.39)	2.49	(1.37)	14.18
ENFN	1.58	0.34	0.13	(1.47)	1.47	(1.95)	3.93	(2.77)	10.11
ETWO	2.35	(0.71)	0.00	(0.21)	0.00	0.00	3.87	(5.33)	25.44
CVT	0.13	0.02	(0.33)	3.36	0.00	(0.18)	0.24	(0.24)	1.07
AZPN	1.04	0.11	0.07	0.24	1.10	(1.14)	2.39	(2.08)	8.52
BSY	1.26	(0.14)	0.00	(0.11)	0.00	0.00	2.30	(3.12)	8.31
TYL	0.82	0.02	(0.07)	0.25	0.86	(0.98)	1.37	(1.56)	7.85
SSNC	0.83	(0.07)	(0.04)	0.04	1.51	(0.77)	1.60	(1.31)	8.66

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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