BuzzFeed Correlations

BZFD Stock  USD 0.90  0.03  3.23%   
The current 90-days correlation between BuzzFeed and MoneyHero Limited Class is 0.09 (i.e., Significant diversification). The correlation of BuzzFeed 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.

BuzzFeed Correlation With Market

Very good diversification

The correlation between BuzzFeed and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BuzzFeed 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 BuzzFeed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For information on how to trade BuzzFeed Stock refer to our How to Trade BuzzFeed Stock guide.

Moving against BuzzFeed Stock

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Related Correlations Analysis


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

RDIMDIA
MDIATC
RDITC
SEATNAMI
TCLVO
KORESCOR
  

High negative correlations

KOREMDIA
KORERDI
NAMIPODC
KORETC
SEATPODC
KORELVO

Risk-Adjusted Indicators

There is a big difference between BuzzFeed Stock performing well and BuzzFeed 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 BuzzFeed'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MNY  2.79 (0.06) 0.00 (0.02) 0.00 
 9.76 
 39.95 
PODC  4.02  0.42  0.07 (0.85) 4.65 
 10.59 
 24.81 
LVO  3.23 (0.31) 0.00 (0.14) 0.00 
 5.13 
 18.96 
TC  3.36 (0.43) 0.00  2.39  0.00 
 7.45 
 31.07 
NAMI  5.25 (0.54) 0.00 (0.18) 0.00 
 14.63 
 57.29 
MDIA  3.21 (0.66) 0.00  2.37  0.00 
 6.25 
 17.86 
SEAT  3.85 (0.84) 0.00 (4.50) 0.00 
 6.34 
 22.35 
SCOR  2.60  0.24  0.09  0.21  2.72 
 6.86 
 21.93 
RDI  1.87 (0.40) 0.00 (1.00) 0.00 
 3.17 
 14.05 
KORE  2.81  0.55  0.18  0.99  2.54 
 7.19 
 18.82 

BuzzFeed Corporate Management

Amita TomkoriaSenior RelationsProfile
Danielle BeltonEditorinChief HuffPostProfile
Jessica ProbusPublisher GMProfile
Edgar HernandezChief OfficerProfile
Jonah PerettiChairman FounderProfile
Juliana CliftonVice CommunicationsProfile