BuzzFeed Correlations

BZFD Stock  USD 0.91  0.03  3.19%   
The current 90-days correlation between BuzzFeed and MoneyHero Limited Class is 0.11 (i.e., Average 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

Weak diversification

The correlation between BuzzFeed and DJI is 0.31 (i.e., Weak 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 census.
For information on how to trade BuzzFeed Stock refer to our How to Trade BuzzFeed Stock guide.

Moving together with BuzzFeed Stock

  0.84IPM Intelligent ProtectionPairCorr
  0.72META Meta PlatformsPairCorr
  0.89AUTO Auto Trader GroupPairCorr
  0.76TRNR Interactive StrengthPairCorr

Moving against BuzzFeed Stock

  0.86LCDX Caliber Imaging DiagPairCorr
  0.8FTV Fortive CorpPairCorr
  0.76NAUFF NevGold CorpPairCorr
  0.75JOYY JOYY Inc Symbol ChangePairCorr
  0.73DGWPF Drgerwerk AGPairCorr
  0.73ADAMI New York Mortgage Symbol ChangePairCorr
  0.67CYCC CYCC Old Symbol ChangePairCorr
  0.66BRK-A Berkshire HathawayPairCorr
  0.65CASXF Casa MineralsPairCorr
  0.64CARS Cars IncPairCorr
  0.59MCHB Mechanics Bank Symbol ChangePairCorr
  0.55DB Deutsche Bank AGPairCorr
  0.45SMXWW SMX Public LimitedPairCorr

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
RDISEAT
SEATMDIA
SCORSEAT
KOREPODC
SCORNAMI
  

High negative correlations

KOREMDIA
KORERDI
SCORPODC
KORESEAT
KORESCOR
SEATPODC

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  3.59 (0.21) 0.00 (0.05) 0.00 
 9.85 
 39.95 
PODC  3.64  0.76  0.15  0.99  4.23 
 9.77 
 22.74 
LVO  3.58 (0.05) 0.00  0.04  4.52 
 8.52 
 29.05 
TC  3.58 (0.70) 0.00 (0.77) 0.00 
 8.46 
 33.72 
NAMI  5.35  0.10 (0.01)(0.02) 5.75 
 14.63 
 57.29 
MDIA  2.80 (1.06) 0.00 (8.48) 0.00 
 5.43 
 17.86 
SEAT  4.19 (1.06) 0.00 (1.26) 0.00 
 6.86 
 24.24 
SCOR  2.41 (0.29) 0.00 (0.20) 0.00 
 6.35 
 21.93 
RDI  2.02 (0.46) 0.00 (2.03) 0.00 
 3.25 
 14.05 
KORE  3.27  0.95  0.29  0.85  2.57 
 10.58 
 20.74 

BuzzFeed Corporate Management

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