Squarespace Correlations

Summary

SQSPDelisted Stock

USD 46.57 0.08 0.17%

The current 90-days correlation between Squarespace and Wex Inc is -0.06 (i.e., Good diversification). The correlation of Squarespace 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.

Squarespace Correlation With Market

Significant diversification

The correlation between Squarespace and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Squarespace and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map 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 state.

Moving together with Squarespace Stock

0.98	TATT	Tat Techno	Pair Corr
0.68	MITQ	Moving iMage Technologies	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.81	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.96	AAL	American Airlines Earnings Call This Week	Pair Corr
0.9	WSM	Williams Sonoma	Pair Corr
0.92	FSK	FS KKR Capital	Pair Corr
0.82	AXP	American Express Earnings Call This Week	Pair Corr
0.94	ZVIA	Zevia Pbc	Pair Corr
0.93	ACHR	Archer Aviation	Pair Corr
0.81	JBL	Jabil Circuit	Pair Corr
0.85	AROC	Archrock	Pair Corr
0.85	GOOGL	Alphabet Class A	Pair Corr
0.75	SATX	SatixFy Communications	Pair Corr
0.9	CLS	Celestica	Pair Corr
0.78	OPFI	OppFi Inc	Pair Corr
0.9	WMT	Walmart	Pair Corr
0.94	TSLA	Tesla Inc Aggressive Push	Pair Corr

Moving against Squarespace Stock

0.92	BKRKY	Bank Rakyat	Pair Corr
0.91	PPERY	Bank Mandiri Persero	Pair Corr
0.88	PPERF	Bank Mandiri Persero	Pair Corr
0.84	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.83	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	BKRKF	PT Bank Rakyat	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.58	BAER	Bridger Aerospace Buyout Trend	Pair Corr

Related Correlations Analysis

	WEX	FLT	CSGS	VRSN	ESMT	EVTC	BASE	FLYW	IIIV	QLYS
WEX		-0.4	-0.22	-0.25	-0.28	-0.1	0.19	-0.34	-0.15	-0.26	WEX
FLT	-0.4		0.59	-0.45	0.04	0.67	0.47	0.61	0.4	0.61	FLT
CSGS	-0.22	0.59		0.09	0.57	0.88	0.55	0.89	0.62	0.94	CSGS
VRSN	-0.25	-0.45	0.09		0.62	-0.04	-0.51	0.04	-0.1	0.11	VRSN
ESMT	-0.28	0.04	0.57	0.62		0.46	0.13	0.6	0.27	0.57	ESMT
EVTC	-0.1	0.67	0.88	-0.04	0.46		0.55	0.84	0.48	0.88	EVTC
BASE	0.19	0.47	0.55	-0.51	0.13	0.55		0.6	0.59	0.46	BASE
FLYW	-0.34	0.61	0.89	0.04	0.6	0.84	0.6		0.55	0.84	FLYW
IIIV	-0.15	0.4	0.62	-0.1	0.27	0.48	0.59	0.55		0.61	IIIV
QLYS	-0.26	0.61	0.94	0.11	0.57	0.88	0.46	0.84	0.61		QLYS
	WEX	FLT	CSGS	VRSN	ESMT	EVTC	BASE	FLYW	IIIV	QLYS

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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

QLYS	+ 0.94	CSGS
FLYW	+ 0.89	CSGS
EVTC	+ 0.88	CSGS
QLYS	+ 0.88	EVTC
FLYW	+ 0.84	EVTC
QLYS	+ 0.84	FLYW

High negative correlations

BASE	- 0.51	VRSN
VRSN	- 0.45	FLT
FLT	- 0.4	WEX
FLYW	- 0.34	WEX
ESMT	- 0.28	WEX
QLYS	- 0.26	WEX

Risk-Adjusted Indicators

There is a big difference between Squarespace Stock performing well and Squarespace 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 Squarespace'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
WEX	1.37	(0.20)	0.00	(0.30)	0.00	0.00	2.21	(2.58)	16.42
FLT	1.09	(0.04)	0.00	1.06	0.00	0.00	1.95	(1.95)	9.73
CSGS	1.10	0.13	0.10	0.19	1.16	(1.23)	2.29	(1.64)	13.96
VRSN	1.09	0.17	0.15	1.00	1.00	(1.29)	2.84	(2.17)	7.04
ESMT	1.57	0.11	0.05	0.73	1.90	(1.59)	3.90	(2.93)	9.34
EVTC	1.14	(0.01)	0.00	(0.03)	0.00	0.00	2.77	(2.30)	10.78
BASE	1.95	0.08	0.02	0.09	4.54	(1.79)	4.60	(2.93)	28.38
FLYW	2.20	0.34	0.15	0.55	2.01	(2.58)	5.76	(3.63)	19.61
IIIV	1.37	0.10	0.05	0.16	1.76	(1.43)	3.97	(3.03)	11.13
QLYS	1.65	0.17	0.11	0.22	1.41	(2.26)	2.91	(2.93)	27.57

View Squarespace Related Equities

Wex Inc FLT Old CSG Systems International VeriSign EngageSmart LLC Evertec Couchbase Flywire Corp i3 Verticals Qualys Inc Sterling Check Corp NetScout Systems EverCommerce CCC Intelligent Solutions SPS Commerce

Risk & Return

Correlation

Squarespace Corporate Management

Paul Gubbay	Chief Officer	Profile
John Colton	Senior Vice President of Engineering	Profile
Matthew Tucker	Senior Tock	Profile
Jarlath Doherty	Chief Officer	Profile
Mary Good	Chief People Officer	Profile
Raphael Fontes	Senior Operations	Profile

Still Interested in Squarespace?

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