Blackbaud Correlations

BLKB Stock

USD 48.96 0.42 0.87%

The current 90-days correlation between Blackbaud and Kingsoft Cloud Holdings is 0.16 (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

Excellent diversification

The correlation between Blackbaud and DJI is -0.54 (i.e., Excellent 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 industry.

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

Moving together with Blackbaud Stock

0.91	U	Unity Software Aggressive Push	Pair Corr
0.75	BGE	Bridge Saas	Pair Corr
0.74	9NY	BYTES TECHGRP LS	Pair Corr
0.9	BL	Blackline	Pair Corr
0.93	DT	Dynatrace Holdings LLC	Pair Corr
0.9	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.91	35U	PAR TECHNOLOGY DL	Pair Corr
0.92	MQ	Marqeta Earnings Call This Week	Pair Corr
0.87	PD	Pagerduty	Pair Corr
0.64	QH	Quhuo	Pair Corr
0.68	VS	Versus Systems	Pair Corr
0.88	WK	Workiva	Pair Corr
0.82	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.89	RM	RM Plc	Pair Corr
0.85	2TY	PagerDuty	Pair Corr
0.95	DOCU	DocuSign	Pair Corr
0.79	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.79	1Q5	Dropbox	Pair Corr
0.63	VEEA	Veea Inc	Pair Corr
0.93	VERI	Veritone	Pair Corr
0.85	VERX	Vertex Tech Boost	Pair Corr
0.9	6NCA	NCINO INC DL	Pair Corr
0.95	DSGX	Descartes Systems	Pair Corr
0.87	LY0	Lyft Inc	Pair Corr
0.64	DTCX	Datacentrex Symbol Change	Pair Corr
0.64	DTST	Data Storage Corp	Pair Corr
0.87	0M5	Bill Holdings	Pair Corr

Moving against Blackbaud Stock

0.88	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.76	RNI	OXFORD METRICS LS	Pair Corr
0.74	JG	Aurora Mobile	Pair Corr
0.7	DSG	Dillistone Group PLC	Pair Corr
0.45	LUS1	Lang Schwarz Aktieng	Pair Corr
0.37	TRB	Tribal Group plc	Pair Corr
0.78	89P	CLAVISTER HOLDING	Pair Corr
0.6	MKQ	Mitek Systems	Pair Corr

Related Correlations Analysis

	KC	ASAN	PTRN	BRZE	NCNO	INTA	YOU	WRD	RUM	FRSH
KC		-0.74	-0.02	-0.8	-0.68	-0.73	-0.24	-0.58	-0.57	-0.64	KC
ASAN	-0.74		0.43	0.96	0.95	0.97	0.08	0.81	0.84	0.95	ASAN
PTRN	-0.02	0.43		0.25	0.57	0.49	-0.16	0.49	0.29	0.58	PTRN
BRZE	-0.8	0.96	0.25		0.92	0.95	0.22	0.76	0.79	0.89	BRZE
NCNO	-0.68	0.95	0.57	0.92		0.98	0.07	0.85	0.74	0.97	NCNO
INTA	-0.73	0.97	0.49	0.95	0.98		0.1	0.84	0.77	0.95	INTA
YOU	-0.24	0.08	-0.16	0.22	0.07	0.1		-0.1	-0.03	0.04	YOU
WRD	-0.58	0.81	0.49	0.76	0.85	0.84	-0.1		0.69	0.79	WRD
RUM	-0.57	0.84	0.29	0.79	0.74	0.77	-0.03	0.69		0.73	RUM
FRSH	-0.64	0.95	0.58	0.89	0.97	0.95	0.04	0.79	0.73		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	+ 0.98	NCNO
INTA	+ 0.97	ASAN
FRSH	+ 0.97	NCNO
BRZE	+ 0.96	ASAN
NCNO	+ 0.95	ASAN
FRSH	+ 0.95	ASAN

High negative correlations

BRZE	- 0.8	KC
ASAN	- 0.74	KC
INTA	- 0.73	KC
NCNO	- 0.68	KC
FRSH	- 0.64	KC
WRD	- 0.58	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	3.38	0.07	0.02	0.13	3.60	(3.76)	8.10	(5.25)	30.56
ASAN	2.76	(0.84)	0.00	(0.43)	0.00	0.00	4.49	(7.03)	17.13
PTRN	3.67	(0.49)	0.00	(0.11)	0.00	0.00	9.15	(10.31)	25.95
BRZE	3.06	(0.61)	0.00	(0.32)	0.00	0.00	7.00	(8.25)	27.69
NCNO	2.34	(0.69)	0.00	(0.32)	0.00	0.00	4.92	(6.27)	15.71
INTA	2.80	(0.87)	0.00	(0.46)	0.00	0.00	4.70	(6.56)	18.64
YOU	2.57	0.59	0.24	(48.46)	1.79	(3.66)	3.59	(3.97)	37.65
WRD	2.62	(0.35)	0.00	(0.25)	0.00	0.00	4.25	(4.62)	18.19
RUM	2.74	(0.38)	0.00	(0.08)	0.00	0.00	7.32	(5.95)	16.03
FRSH	2.60	(0.56)	0.00	22.51	0.00	0.00	4.07	(7.60)	22.32

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