Fiverr International Correlations

FVRR Stock

USD 33.36 0.52 1.58%

The current 90-days correlation between Fiverr International and Yelp Inc is 0.27 (i.e., Modest diversification). The correlation of Fiverr International 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.

Fiverr International Correlation With Market

Average diversification

The correlation between Fiverr International and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fiverr International and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fiverr International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Fiverr Stock, please use our How to Invest in Fiverr International guide.

Moving against Fiverr Stock

0.36	MEG	Montrose Environmental	Pair Corr
0.34	PAGS	PagSeguro Digital	Pair Corr

Related Correlations Analysis

	SNAP	TWLO	SPOT	BIDU	PINS	GOOGL	META	YELP	DASH	TCEHY
SNAP		-0.21	-0.27	-0.15	-0.12	-0.16	-0.14	0.16	-0.26	-0.25	SNAP
TWLO	-0.21		0.86	0.57	0.76	0.5	0.92	0.66	0.78	0.41	TWLO
SPOT	-0.27	0.86		0.59	0.88	0.2	0.9	0.41	0.92	0.56	SPOT
BIDU	-0.15	0.57	0.59		0.6	0.17	0.65	0.33	0.66	0.84	BIDU
PINS	-0.12	0.76	0.88	0.6		0.16	0.88	0.44	0.86	0.55	PINS
GOOGL	-0.16	0.5	0.2	0.17	0.16		0.49	0.68	0.13	-0.05	GOOGL
META	-0.14	0.92	0.9	0.65	0.88	0.49		0.63	0.85	0.51	META
YELP	0.16	0.66	0.41	0.33	0.44	0.68	0.63		0.3	0.07	YELP
DASH	-0.26	0.78	0.92	0.66	0.86	0.13	0.85	0.3		0.61	DASH
TCEHY	-0.25	0.41	0.56	0.84	0.55	-0.05	0.51	0.07	0.61		TCEHY
	SNAP	TWLO	SPOT	BIDU	PINS	GOOGL	META	YELP	DASH	TCEHY

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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

META	+ 0.92	TWLO
DASH	+ 0.92	SPOT
META	+ 0.9	SPOT
PINS	+ 0.88	SPOT
META	+ 0.88	PINS
SPOT	+ 0.86	TWLO

High negative correlations

SPOT	- 0.27	SNAP
DASH	- 0.26	SNAP
TCEHY	- 0.25	SNAP
TWLO	- 0.21	SNAP
GOOGL	- 0.16	SNAP
BIDU	- 0.15	SNAP

Risk-Adjusted Indicators

There is a big difference between Fiverr Stock performing well and Fiverr International 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 Fiverr International'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
SNAP	2.33	(0.12)	0.00	(0.24)	0.00	0.00	5.01	(5.24)	15.79
TWLO	2.06	0.52	0.16	0.50	2.97	(2.39)	3.69	(2.82)	21.34
SPOT	1.75	0.73	0.35	0.77	1.50	(2.08)	3.41	(3.23)	16.86
BIDU	2.08	0.17	0.06	0.32	2.75	(2.03)	5.07	(4.58)	12.45
PINS	1.98	0.47	0.25	(1.40)	1.46	(2.47)	4.75	(3.41)	20.27
GOOGL	1.54	0.07	0.03	(3.98)	2.03	(1.57)	3.11	(3.59)	12.88
META	1.22	0.34	0.21	0.81	1.22	(1.31)	3.22	(1.95)	7.11
YELP	1.43	0.07	0.03	0.10	2.11	(1.46)	2.93	(3.45)	8.76
DASH	1.33	0.34	0.18	0.64	1.50	(1.47)	2.53	(2.28)	9.08
TCEHY	1.56	0.24	0.12	0.81	1.78	(1.84)	3.85	(2.59)	12.78

Fiverr International Corporate Management

Philippe Botteri	Director	Profile
Maya Tracey	Investor Manager	Profile
Jonathan Kolber	Director	Profile
Nir Zohar	Independent Director	Profile
Ron Gutler	Independent Director	Profile

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