MariaDB Plc Correlations

Summary

MRDBDelisted Stock

0.55 0.00 0.00%

The current 90-days correlation between MariaDB Plc and NetScout Systems is -0.01 (i.e., Good diversification). The correlation of MariaDB Plc 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.

MariaDB Plc Correlation With Market

Good diversification

The correlation between MariaDB Plc and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MariaDB Plc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis 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 unemployment.

Moving together with MariaDB Stock

0.61	V	Visa Class A	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr

Moving against MariaDB Stock

0.65	GLUC	Glucose Health	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.55	INTC	Intel	Pair Corr
0.55	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.5	AA	Alcoa Corp	Pair Corr
0.48	KO	Coca Cola Earnings Call This Week	Pair Corr
0.39	TRV	The Travelers Companies	Pair Corr
0.34	SUNFF	Sun Life Financial Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NTCT	CCSI	CSGS	ESMT	FORG	EVTC	NN	LVOX	RPAY
NTCT		0.72	0.77	0.27	0.01	0.13	0.12	-0.05	0.11	NTCT
CCSI	0.72		0.81	0.25	0.18	0.02	-0.02	-0.21	0.03	CCSI
CSGS	0.77	0.81		0.13	-0.02	0.39	0.3	-0.39	0.21	CSGS
ESMT	0.27	0.25	0.13		0.12	-0.27	0.07	-0.11	-0.6	ESMT
FORG	0.01	0.18	-0.02	0.12		-0.39	-0.6	0.12	-0.27	FORG
EVTC	0.13	0.02	0.39	-0.27	-0.39		0.82	-0.4	0.65	EVTC
NN	0.12	-0.02	0.3	0.07	-0.6	0.82		-0.37	0.37	NN
LVOX	-0.05	-0.21	-0.39	-0.11	0.12	-0.4	-0.37		0.02	LVOX
RPAY	0.11	0.03	0.21	-0.6	-0.27	0.65	0.37	0.02		RPAY
	NTCT	CCSI	CSGS	ESMT	FORG	EVTC	NN	LVOX	RPAY

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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

NN	+ 0.82	EVTC
CSGS	+ 0.81	CCSI
CSGS	+ 0.77	NTCT
CCSI	+ 0.72	NTCT
RPAY	+ 0.65	EVTC
EVTC	+ 0.39	CSGS

High negative correlations

NN	- 0.6	FORG
RPAY	- 0.6	ESMT
LVOX	- 0.4	EVTC
EVTC	- 0.39	FORG
LVOX	- 0.39	CSGS
LVOX	- 0.37	NN

Risk-Adjusted Indicators

There is a big difference between MariaDB Stock performing well and MariaDB Plc 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 MariaDB Plc'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
NTCT	1.62	0.18	0.09	0.31	1.70	(1.76)	3.29	(3.12)	11.69
CCSI	1.95	0.52	0.18	1.45	2.11	(2.20)	4.16	(3.95)	20.68
CSGS	1.20	0.30	0.21	0.47	0.99	(1.43)	2.66	(1.49)	13.96
ESMT	1.57	0.08	0.02	0.24	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	(0.02)	0.00	(0.71)	0.00	0.00	1.78	(1.49)	6.71
EVTC	1.15	(0.03)	(0.04)	(0.01)	1.70	(1.09)	2.77	(2.30)	10.78
NN	3.66	0.34	0.06	1.04	4.78	(3.93)	7.70	(6.92)	27.94
LVOX	2.06	(0.03)	0.00	1.03	0.00	0.00	4.81	(4.26)	19.68
RPAY	1.64	(0.07)	0.00	(0.08)	0.00	0.00	4.33	(3.27)	15.69

MariaDB Plc 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 MariaDB Plc stock to make a market-neutral strategy. Peer analysis of MariaDB Plc could also be used in its relative valuation, which is a method of valuing MariaDB Plc by comparing valuation metrics with similar companies.

NetScout Systems Consensus Cloud Solutions CSG Systems International EngageSmart LLC ForgeRock Evertec Nextnav Acquisition Corp LiveVox Holdings Repay Holdings Corp Priority Technology Holdings OneSpan Sterling Check Corp American Airlines Group Alcoa Corp Apple Inc

Risk & Return

Correlation

MariaDB Plc Corporate Management

Manjot Singh	Field Engineering	Profile
Roya Shakoori	General Secretary	Profile
Conor McCarthy	Chief Officer	Profile
Chris Creger	Chief Officer	Profile
Bill Munger	Vice Resources	Profile
Paul OBrien	Chief Officer	Profile
Paul Brien	Chief Officer	Profile

Still Interested in MariaDB Plc?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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