Fiverr International Correlations

FVRR Stock

USD 33.97 0.15 0.44%

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

Significant diversification

The correlation between Fiverr International and DJI is 0.04 (i.e., Significant 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 together with Fiverr Stock

0.76	G	Genpact Limited	Pair Corr
0.75	BR	Broadridge Financial	Pair Corr
0.8	KC	Kingsoft Cloud Holdings	Pair Corr
0.77	LZ	LegalZoom	Pair Corr
0.86	SQ	Block Inc	Pair Corr
0.79	DRVN	Driven Brands Holdings	Pair Corr
0.7	VRSK	Verisk Analytics	Pair Corr
0.61	EEFT	Euronet Worldwide	Pair Corr
0.89	EXLS	ExlService Holdings	Pair Corr
0.69	AWX	Avalon Holdings Downward Rally	Pair Corr
0.62	AXR	AMREP	Pair Corr
0.9	CBZ	CBIZ Inc	Pair Corr
0.69	FOUR	Shift4 Payments Buyout Trend	Pair Corr
0.83	CXW	CoreCivic	Pair Corr
0.82	DLX	Deluxe	Pair Corr
0.72	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against Fiverr Stock

0.82	MG	Mistras Group	Pair Corr
0.82	ESGL	ESGL Holdings Limited	Pair Corr
0.76	VCIG	VCI Global Limited	Pair Corr
0.74	EXPO	Exponent	Pair Corr
0.64	FC	Franklin Covey	Pair Corr
0.56	WLDN	Willdan Group	Pair Corr
0.54	VLTO	Veralto	Pair Corr
0.45	DLHC	DLH Holdings Corp	Pair Corr
0.81	DSS	DSS Inc	Pair Corr
0.77	BCO	Brinks Company	Pair Corr
0.74	KBR	KBR Inc	Pair Corr
0.72	FCN	FTI Consulting	Pair Corr
0.6	EFX	Equifax	Pair Corr
0.46	CLH	Clean Harbors	Pair Corr
0.37	JOB	GEE Group	Pair Corr
0.34	CIX	CompX International	Pair Corr

Related Correlations Analysis

	SNAP	TWLO	SPOT	BIDU	PINS	GOOGL	META	YELP	DASH	TCEHY
SNAP		0.44	0.33	-0.2	0.19	0.28	0.48	0.44	0.4	-0.3	SNAP
TWLO	0.44		0.91	-0.68	-0.57	0.76	0.57	0.92	0.88	-0.5	TWLO
SPOT	0.33	0.91		-0.69	-0.58	0.56	0.49	0.83	0.89	-0.54	SPOT
BIDU	-0.2	-0.68	-0.69		0.68	-0.45	-0.12	-0.53	-0.64	0.81	BIDU
PINS	0.19	-0.57	-0.58	0.68		-0.44	0.08	-0.39	-0.56	0.39	PINS
GOOGL	0.28	0.76	0.56	-0.45	-0.44		0.7	0.82	0.52	-0.4	GOOGL
META	0.48	0.57	0.49	-0.12	0.08	0.7		0.76	0.36	-0.26	META
YELP	0.44	0.92	0.83	-0.53	-0.39	0.82	0.76		0.78	-0.46	YELP
DASH	0.4	0.88	0.89	-0.64	-0.56	0.52	0.36	0.78		-0.46	DASH
TCEHY	-0.3	-0.5	-0.54	0.81	0.39	-0.4	-0.26	-0.46	-0.46		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

YELP	+ 0.92	TWLO
SPOT	+ 0.91	TWLO
DASH	+ 0.89	SPOT
DASH	+ 0.88	TWLO
YELP	+ 0.83	SPOT
YELP	+ 0.82	GOOGL

High negative correlations

BIDU	- 0.69	SPOT
BIDU	- 0.68	TWLO
DASH	- 0.64	BIDU
PINS	- 0.58	SPOT
PINS	- 0.57	TWLO
DASH	- 0.56	PINS

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	2.48	0.06	0.02	0.51	2.84	(2.80)	6.19	(5.17)	22.55
TWLO	1.70	0.77	0.47	0.86	1.11	(2.13)	3.69	(2.72)	18.20
SPOT	1.59	0.43	0.21	0.89	1.75	(1.76)	3.31	(3.23)	16.86
BIDU	1.83	(0.36)	0.00	(1.51)	0.00	0.00	2.91	(4.81)	12.45
PINS	1.85	(0.15)	0.00	1.38	0.00	0.00	3.18	(3.65)	17.18
GOOGL	1.40	0.26	0.17	(2.10)	1.37	(1.57)	3.60	(1.85)	9.18
META	1.36	0.06	0.04	0.20	1.52	(1.56)	3.43	(3.15)	7.43
YELP	1.26	0.26	0.18	0.67	1.27	(1.45)	2.93	(2.19)	9.38
DASH	1.21	0.21	0.12	0.54	1.60	(1.29)	2.35	(2.28)	12.94
TCEHY	1.50	(0.21)	0.00	(1.01)	0.00	0.00	3.05	(4.07)	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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