MariaDB Plc Correlations

Summary

MRDBDelisted Stock

0.55 0.00 0.00%

The current 90-days correlation between MariaDB Plc and NetScout Systems is -0.12 (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 -0.17 (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

0.64	FSTF	First State Financial	Pair Corr
0.63	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against MariaDB Stock

0.62	KO	Coca Cola Aggressive Push	Pair Corr
0.62	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.46	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	NTCT	CCSI	CSGS	ESMT	FORG	EVTC	NN	LVOX	RPAY
NTCT		0.55	0.72	0.62	0.02	0.58	0.56	-0.14	0.4	NTCT
CCSI	0.55		0.7	0.24	0.5	0.72	0.57	-0.16	0.65	CCSI
CSGS	0.72	0.7		0.6	0.24	0.86	0.84	-0.09	0.31	CSGS
ESMT	0.62	0.24	0.6		0.12	0.38	0.58	-0.11	-0.09	ESMT
FORG	0.02	0.5	0.24	0.12		0.41	0.27	0.12	0.38	FORG
EVTC	0.58	0.72	0.86	0.38	0.41		0.63	-0.05	0.4	EVTC
NN	0.56	0.57	0.84	0.58	0.27	0.63		-0.04	0.1	NN
LVOX	-0.14	-0.16	-0.09	-0.11	0.12	-0.05	-0.04		-0.06	LVOX
RPAY	0.4	0.65	0.31	-0.09	0.38	0.4	0.1	-0.06		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

EVTC	+ 0.86	CSGS
NN	+ 0.84	CSGS
CSGS	+ 0.72	NTCT
EVTC	+ 0.72	CCSI
CSGS	+ 0.7	CCSI
RPAY	+ 0.65	CCSI

High negative correlations

LVOX	- 0.16	CCSI
LVOX	- 0.14	NTCT
LVOX	- 0.11	ESMT
RPAY	- 0.09	ESMT
LVOX	- 0.09	CSGS
RPAY	- 0.06	LVOX

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	1.45	(0.15)	(0.03)	0.04	1.79	(1.48)	3.23	(2.84)	10.35
CCSI	2.19	0.02	0.06	0.13	2.34	(2.53)	6.28	(3.62)	20.68
CSGS	1.17	0.14	0.12	0.27	0.87	(1.42)	2.65	(1.69)	10.94
ESMT	1.57	0.10	(0.01)	2.05	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	0.00	0.00	0.11	0.00	0.00	1.78	(1.49)	6.71
EVTC	1.18	0.03	0.02	0.15	1.49	(1.24)	2.43	(2.30)	7.67
NN	2.85	1.24	0.29	1.52	3.03	(3.31)	7.35	(7.27)	18.29
LVOX	2.06	(0.07)	0.00	(0.07)	0.00	0.00	4.81	(4.26)	19.68
RPAY	1.64	(0.26)	0.00	(0.04)	0.00	0.00	3.01	(3.56)	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?

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