Global Blue Correlations

GB Stock

USD 6.37 0.29 4.77%

The current 90-days correlation between Global Blue Group and Evertec is -0.33 (i.e., Very good diversification). The correlation of Global Blue 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.

Global Blue Correlation With Market

Good diversification

The correlation between Global Blue Group and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Blue Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blue Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Global Stock

0.69	NN	Nextnav Acquisition Corp	Pair Corr
0.66	EVCM	EverCommerce	Pair Corr
0.68	FIVN	Five9 Inc	Pair Corr
0.7	DLO	Dlocal	Pair Corr
0.64	NET	Cloudflare	Pair Corr
0.63	PAY	Paymentus Holdings Tech Boost	Pair Corr
0.69	LIDRW	AEye Inc	Pair Corr

Moving against Global Stock

0.79	VRNS	Varonis Systems	Pair Corr
0.78	VERI	Veritone	Pair Corr
0.65	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.51	DOCN	DigitalOcean Holdings	Pair Corr
0.46	MQ	Marqeta	Pair Corr
0.35	DOX	Amdocs	Pair Corr
0.74	ZPTA	Zapata Computing Holdings Symbol Change	Pair Corr
0.68	VHC	VirnetX Holding Corp	Pair Corr
0.65	SOS	SOS Limited	Pair Corr
0.6	ZPTAW	Zapata Computing Holdings	Pair Corr
0.58	WEX	Wex Inc	Pair Corr
0.31	HUBC	Hub Cyber Security	Pair Corr

Related Correlations Analysis

	EVTC	NTCT	CSGS	TENB	RPD	CYBR
EVTC		0.65	0.89	0.54	0.51	0.76	EVTC
NTCT	0.65		0.77	0.7	0.69	0.72	NTCT
CSGS	0.89	0.77		0.6	0.67	0.82	CSGS
TENB	0.54	0.7	0.6		0.69	0.75	TENB
RPD	0.51	0.69	0.67	0.69		0.74	RPD
CYBR	0.76	0.72	0.82	0.75	0.74		CYBR
	EVTC	NTCT	CSGS	TENB	RPD	CYBR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Blue 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 Global Blue'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
EVTC	1.11	0.10	0.01	(2.23)	1.31	(1.11)	2.24	(2.30)	8.27
NTCT	1.53	0.09	0.09	0.13	1.53	(1.72)	3.29	(2.71)	10.97
CSGS	1.13	0.15	0.12	0.23	0.89	(1.31)	2.64	(1.69)	11.25
TENB	1.26	0.01	0.02	0.08	1.58	(1.27)	2.52	(2.63)	10.92
RPD	1.65	0.10	0.08	0.14	1.52	(1.91)	4.23	(2.36)	11.05
CYBR	1.53	0.17	0.10	0.23	1.61	(1.69)	3.46	(2.86)	8.13

Global Blue Corporate Management

Fabio Ferreira	Chief Information Officer	Profile
Jeremy Hendersonross	General Counsel, Company Secretary	Profile
Eric Strutz	Independent Director	Profile
Greg Gelhaus	Chief Europe	Profile
Eric Meurice	Independent Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC