BLOCK INC Correlations

SQ Stock

USD 86.96 0.58 0.67%

The current 90-days correlation between BLOCK INC and Palo Alto Networks is 0.5 (i.e., Very weak diversification). The correlation of BLOCK INC 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.

BLOCK INC Correlation With Market

Significant diversification

The correlation between BLOCK INC and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BLOCK INC and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in BLOCK 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 producer price index.

To learn how to invest in BLOCK Stock, please use our How to Invest in BLOCK INC guide.

Moving together with BLOCK Stock

0.86	NN	Nextnav Acquisition Corp	Pair Corr
0.77	VRNT	Verint Systems	Pair Corr
0.7	EEFT	Euronet Worldwide	Pair Corr
0.64	EVCM	EverCommerce	Pair Corr
0.71	EVTC	Evertec	Pair Corr
0.81	FFIV	F5 Networks Earnings Call This Week	Pair Corr
0.93	FIVN	Five9 Inc	Pair Corr
0.79	FLYW	Flywire Corp	Pair Corr
0.72	FOUR	Shift4 Payments	Pair Corr
0.71	DBX	Dropbox	Pair Corr
0.87	DLO	Dlocal	Pair Corr
0.9	FTNT	Fortinet	Pair Corr
0.77	NET	Cloudflare	Pair Corr
0.73	ODD	ODDITY Tech	Pair Corr

Moving against BLOCK Stock

0.72	MQ	Marqeta	Pair Corr
0.72	VERI	Veritone Buyout Trend	Pair Corr
0.72	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.65	VRNS	Varonis Systems	Pair Corr
0.62	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.59	VHAI	VHAI	Pair Corr
0.42	DOCN	DigitalOcean Holdings	Pair Corr
0.63	SOS	SOS Limited	Pair Corr
0.56	TCX	Tucows Inc	Pair Corr
0.54	PGY	Pagaya Technologies	Pair Corr
0.52	DOX	Amdocs	Pair Corr
0.5	APCXW	AppTech Payments Corp	Pair Corr
0.44	TLS	Telos Corp	Pair Corr
0.43	VHC	VirnetX Holding Corp Tech Boost	Pair Corr
0.4	WEX	Wex Inc	Pair Corr
0.37	GCT	GigaCloud Technology	Pair Corr

Related Correlations Analysis

	PANW	ZS	NET	OKTA	ADBE	MSFT	PATH	CRWD	MDB	ORCL
PANW		0.8	-0.01	0.02	0.74	0.43	0.57	0.34	0.67	0.82	PANW
ZS	0.8		0.07	0.11	0.72	0.27	0.7	0.44	0.83	0.79	ZS
NET	-0.01	0.07		0.92	-0.42	0.61	0.54	0.85	-0.17	-0.34	NET
OKTA	0.02	0.11	0.92		-0.34	0.63	0.56	0.76	-0.14	-0.33	OKTA
ADBE	0.74	0.72	-0.42	-0.34		0.07	0.43	-0.16	0.86	0.88	ADBE
MSFT	0.43	0.27	0.61	0.63	0.07		0.57	0.56	0.1	0.02	MSFT
PATH	0.57	0.7	0.54	0.56	0.43	0.57		0.63	0.67	0.42	PATH
CRWD	0.34	0.44	0.85	0.76	-0.16	0.56	0.63		0.1	0.06	CRWD
MDB	0.67	0.83	-0.17	-0.14	0.86	0.1	0.67	0.1		0.84	MDB
ORCL	0.82	0.79	-0.34	-0.33	0.88	0.02	0.42	0.06	0.84		ORCL
	PANW	ZS	NET	OKTA	ADBE	MSFT	PATH	CRWD	MDB	ORCL

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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

OKTA	+ 0.92	NET
ORCL	+ 0.88	ADBE
MDB	+ 0.86	ADBE
CRWD	+ 0.85	NET
ORCL	+ 0.84	MDB
MDB	+ 0.83	ZS

High negative correlations

ADBE	- 0.42	NET
ADBE	- 0.34	OKTA
ORCL	- 0.34	NET
ORCL	- 0.33	OKTA
MDB	- 0.17	NET
CRWD	- 0.16	ADBE

Risk-Adjusted Indicators

There is a big difference between BLOCK Stock performing well and BLOCK INC 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 BLOCK INC'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
PANW	1.40	(0.08)	0.00	(0.35)	0.00	0.00	2.59	(3.61)	11.36
ZS	1.75	(0.06)	0.00	(0.54)	0.00	0.00	3.24	(3.37)	12.12
NET	1.96	0.36	0.16	6.28	1.89	(2.30)	5.23	(2.66)	15.25
OKTA	1.52	0.18	0.08	0.87	1.75	(1.61)	3.43	(3.01)	10.08
ADBE	1.37	(0.25)	0.00	(0.80)	0.00	0.00	2.74	(3.06)	18.04
MSFT	0.92	0.04	0.01	1.07	1.58	(0.87)	2.09	(1.73)	8.14
PATH	2.25	0.05	0.02	0.13	2.71	(2.47)	4.86	(4.59)	13.36
CRWD	1.93	0.22	0.09	0.46	2.18	(2.06)	4.06	(3.30)	12.72
MDB	2.43	(0.15)	0.00	(0.31)	0.00	0.00	5.07	(4.69)	28.87
ORCL	1.34	(0.13)	0.00	(0.25)	0.00	0.00	2.83	(3.85)	12.18

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