Oblong Correlations

OBLG Stock

USD 3.29 0.07 2.17%

The current 90-days correlation between Oblong Inc and Infobird Co is 0.04 (i.e., Significant diversification). The correlation of Oblong 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.

Oblong Correlation With Market

Average diversification

The correlation between Oblong Inc and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oblong Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oblong Inc. 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 economic analysis.

Related Correlations Analysis

	YMM	KC	BMTX	PLUS	IFBD	MVLA	HTCR	CXAI	QH
YMM		0.59	0.42	0.28	0.62	0.92	0.57	-0.67	0.76	YMM
KC	0.59		0.64	-0.35	0.45	0.42	0.58	-0.48	0.4	KC
BMTX	0.42	0.64		-0.33	0.36	0.29	0.73	-0.58	0.47	BMTX
PLUS	0.28	-0.35	-0.33		0.28	0.38	-0.17	0.1	0.18	PLUS
IFBD	0.62	0.45	0.36	0.28		0.59	0.33	-0.24	0.42	IFBD
MVLA	0.92	0.42	0.29	0.38	0.59		0.53	-0.68	0.79	MVLA
HTCR	0.57	0.58	0.73	-0.17	0.33	0.53		-0.66	0.59	HTCR
CXAI	-0.67	-0.48	-0.58	0.1	-0.24	-0.68	-0.66		-0.8	CXAI
QH	0.76	0.4	0.47	0.18	0.42	0.79	0.59	-0.8		QH
	YMM	KC	BMTX	PLUS	IFBD	MVLA	HTCR	CXAI	QH

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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

MVLA	+ 0.92	YMM
QH	+ 0.79	MVLA
QH	+ 0.76	YMM
HTCR	+ 0.73	BMTX
BMTX	+ 0.64	KC
IFBD	+ 0.62	YMM

High negative correlations

QH	- 0.8	CXAI
CXAI	- 0.68	MVLA
CXAI	- 0.67	YMM
CXAI	- 0.66	HTCR
CXAI	- 0.58	BMTX
CXAI	- 0.48	KC

Risk-Adjusted Indicators

There is a big difference between Oblong Stock performing well and Oblong 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 Oblong'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
YMM	2.29	0.41	0.17	0.60	2.08	(3.01)	5.58	(3.79)	16.27
KC	6.04	1.58	0.30	0.51	5.14	(7.65)	17.36	(8.98)	37.88
BMTX	3.83	1.11	0.25	(10.44)	3.14	(5.09)	10.49	(5.39)	47.84
PLUS	1.75	(0.34)	0.00	(0.07)	0.00	0.00	3.53	(3.01)	25.14
IFBD	3.35	(0.07)	0.00	(0.69)	0.00	0.00	8.11	(7.55)	25.02
MVLA	3.96	0.64	0.11	(0.61)	3.50	(5.06)	8.82	(5.77)	44.13
HTCR	5.76	0.97	0.17	0.42	5.81	(7.00)	14.63	(10.17)	31.62
CXAI	3.59	(0.99)	0.00	(0.40)	0.00	0.00	7.10	(8.13)	31.25
QH	11.40	5.14	0.65	(1.54)	5.47	(15.78)	14.56	(8.33)	329.09

Oblong Corporate Management

David Clark	Treasurer CFO	Profile
Kevin Parent	VP Solutions	Profile
Michael Brown	Chief Officer	Profile
Mary Norris	VP EMEA	Profile
Sam Moore	Senior Operations	Profile
Stewart Armstrong	Chief Officer	Profile

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