Blackbaud Correlations

BLKB Stock

USD 47.48 1.19 2.57%

The current 90-days correlation between Blackbaud and Kingsoft Cloud Holdings is 0.03 (i.e., Significant 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

Good diversification

The correlation between Blackbaud and DJI is -0.18 (i.e., Good 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.

Build AI portfolio with Blackbaud Stock

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 employment.

For information on how to trade Blackbaud Stock refer to our How to Trade Blackbaud Stock guide.

Moving together with Blackbaud Stock

0.79	U	Unity Software	Pair Corr
0.74	DT	Dynatrace Holdings LLC	Pair Corr
0.78	MQ	Marqeta	Pair Corr
0.61	TTD	Trade Desk	Pair Corr
0.84	HUBS	HubSpot	Pair Corr
0.88	INTU	Intuit Inc	Pair Corr
0.67	MNDY	MondayCom Earnings Call Tomorrow	Pair Corr
0.77	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.79	ADSK	Autodesk	Pair Corr
0.9	TEAM	Atlassian Corp Plc	Pair Corr

Moving against Blackbaud Stock

0.32	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.83	KO	Coca Cola Aggressive Push	Pair Corr
0.8	PG	Procter Gamble	Pair Corr
0.76	CVX	Chevron Corp	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.57	INTC	Intel Aggressive Push	Pair Corr
0.49	HD	Home Depot	Pair Corr
0.43	MRK	Merck Company Aggressive Push	Pair Corr
0.34	CSCO	Cisco Systems Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KC	ASAN	PTRN	BRZE	NCNO	INTA	YOU	WRD	RUM	FRSH
KC		-0.61	0.33	-0.7	-0.49	-0.6	-0.51	-0.2	-0.39	-0.42	KC
ASAN	-0.61		-0.1	0.9	0.83	0.86	0.46	0.46	0.72	0.85	ASAN
PTRN	0.33	-0.1		-0.35	0.19	-0.16	-0.22	-0.22	-0.37	-0.19	PTRN
BRZE	-0.7	0.9	-0.35		0.8	0.91	0.59	0.42	0.66	0.83	BRZE
NCNO	-0.49	0.83	0.19	0.8		0.87	0.45	0.4	0.45	0.77	NCNO
INTA	-0.6	0.86	-0.16	0.91	0.87		0.55	0.38	0.62	0.89	INTA
YOU	-0.51	0.46	-0.22	0.59	0.45	0.55		-0.06	0.27	0.56	YOU
WRD	-0.2	0.46	-0.22	0.42	0.4	0.38	-0.06		0.61	0.33	WRD
RUM	-0.39	0.72	-0.37	0.66	0.45	0.62	0.27	0.61		0.69	RUM
FRSH	-0.42	0.85	-0.19	0.83	0.77	0.89	0.56	0.33	0.69		FRSH
	KC	ASAN	PTRN	BRZE	NCNO	INTA	YOU	WRD	RUM	FRSH

Please upgrade your account to get full access to Macroaxis premium features

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

INTA	+ 0.91	BRZE
BRZE	+ 0.9	ASAN
FRSH	+ 0.89	INTA
INTA	+ 0.87	NCNO
INTA	+ 0.86	ASAN
FRSH	+ 0.85	ASAN

High negative correlations

BRZE	- 0.7	KC
ASAN	- 0.61	KC
INTA	- 0.6	KC
YOU	- 0.51	KC
NCNO	- 0.49	KC
FRSH	- 0.42	KC

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
KC	3.01	0.05	0.01	0.13	3.20	(3.44)	8.10	(4.76)	29.29
ASAN	2.33	(0.77)	0.00	(0.56)	0.00	0.00	3.55	(6.34)	15.87
PTRN	3.54	(0.58)	0.00	(0.16)	0.00	0.00	7.93	(10.08)	25.95
BRZE	2.87	(0.73)	0.00	(0.46)	0.00	0.00	3.40	(8.25)	27.69
NCNO	1.89	(0.64)	0.00	(0.53)	0.00	0.00	4.14	(5.01)	15.71
INTA	2.50	(0.75)	0.00	(0.49)	0.00	0.00	4.73	(6.24)	19.38
YOU	2.14	0.12	0.05	0.23	2.02	(2.90)	5.49	(3.81)	18.67
WRD	3.07	(0.57)	0.00	(0.24)	0.00	0.00	5.19	(6.66)	24.73
RUM	3.23	(0.23)	0.00	(0.01)	0.00	0.00	7.65	(6.74)	23.11
FRSH	2.04	(0.40)	0.00	(0.29)	0.00	0.00	3.12	(5.31)	16.54

Blackbaud Corporate Management

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC