BuzzFeed Correlations

BZFDW Stock  USD 0.02  0.00  0.00%   
The current 90-days correlation between BuzzFeed and Urgently Common Stock is -0.16 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BuzzFeed Correlation With Market

Pay attention - limited upside

The correlation between BuzzFeed and DJI is -0.85 (i.e., Pay attention - limited upside) 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with BuzzFeed Stock

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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

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COECCG
BIYACCG
BOXLBIYA
COEBIYA
  

High negative correlations

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COEULY
BOXLULY
OLBULY
ULYCCG
BIYAULY

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
CCG  1.69 (0.35) 0.00 (1.07) 0.00 
 4.26 
 10.03 
MYSZ  4.21 (1.02) 0.00 (0.51) 0.00 
 11.39 
 26.97 
ULY  6.47  0.10  0.02  0.13  6.33 
 15.23 
 70.74 
TGL  12.48  0.86  0.08  0.41  12.38 
 14.68 
 316.34 
BIYA  7.05 (1.47) 0.00 (1.12) 0.00 
 16.71 
 74.48 
WALD  4.16  0.08  0.00 (0.80) 4.58 
 11.56 
 33.33 
OLB  10.80  1.92  0.22  0.65  8.90 
 11.49 
 290.89 
BOXL  7.21 (1.85) 0.00 (0.61) 0.00 
 10.00 
 77.40 
COE  2.45 (0.65) 0.00 (2.25) 0.00 
 4.37 
 23.58 
CETX  10.15 (0.25) 0.00 (0.20) 0.00 
 15.71 
 165.95 

BuzzFeed Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BuzzFeed stock to make a market-neutral strategy. Peer analysis of BuzzFeed could also be used in its relative valuation, which is a method of valuing BuzzFeed by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

BuzzFeed Corporate Management

Amita TomkoriaSenior RelationsProfile
Dao NguyenHead PublisherProfile
Danielle BeltonEditorinChief HuffPostProfile
Jessica ProbusPublisher GMProfile
Katie SitterChief OfficerProfile
Edgar HernandezChief OfficerProfile