Block, Correlations
XYZ Stock | 65.30 1.02 1.59% |
The current 90-days correlation between Block, Inc and Vulcan Materials is 0.47 (i.e., Very weak diversification). The correlation of Block, 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, Correlation With Market
Modest diversification
The correlation between Block, Inc and DJI is 0.29 (i.e., Modest 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.
Block, |
Moving together with Block, Stock
0.87 | BV | BrightView Holdings | PairCorr |
0.65 | FC | Franklin Covey | PairCorr |
0.76 | NL | NL Industries Earnings Call Tomorrow | PairCorr |
0.79 | DLHC | DLH Holdings Corp | PairCorr |
0.71 | EXPO | Exponent | PairCorr |
0.77 | WLDN | Willdan Group Earnings Call This Week | PairCorr |
0.82 | BTM | Bitcoin Depot | PairCorr |
0.85 | DLX | Deluxe | PairCorr |
0.67 | HNI | HNI Corp | PairCorr |
0.88 | FVRR | Fiverr International | PairCorr |
0.65 | WEX | Wex Inc Tech Boost | PairCorr |
0.79 | IMXI | International Money | PairCorr |
Moving against Block, Stock
0.66 | KC | Kingsoft Cloud Holdings | PairCorr |
0.57 | G | Genpact Limited | PairCorr |
0.5 | LZ | LegalZoom | PairCorr |
0.41 | MG | Mistras Group Earnings Call Tomorrow | PairCorr |
0.38 | WM | Waste Management | PairCorr |
0.31 | VRSK | Verisk Analytics | PairCorr |
0.6 | KAR | KAR Auction Services | PairCorr |
0.6 | INOD | Innodata | PairCorr |
0.48 | LTBR | Lightbridge Corp Buyout Trend | PairCorr |
0.47 | IIIV | i3 Verticals | PairCorr |
Related Correlations Analysis
0.41 | 0.0 | 0.58 | 0.0 | 0.38 | NCMI | ||
0.41 | 0.0 | 0.0 | 0.0 | 0.69 | PMNXF | ||
0.0 | 0.0 | 0.0 | 1.0 | 0.0 | RTTGF | ||
0.58 | 0.0 | 0.0 | 0.0 | -0.14 | VMC | ||
0.0 | 0.0 | 1.0 | 0.0 | 0.0 | HRDIL | ||
0.38 | 0.69 | 0.0 | -0.14 | 0.0 | MAT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Block, Stock performing well and Block, 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,'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NCMI | 1.62 | 0.01 | 0.00 | (0.02) | 0.00 | 3.30 | 11.17 | |||
PMNXF | 1.90 | 0.19 | 0.07 | 14.04 | 2.31 | 4.49 | 13.86 | |||
RTTGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
VMC | 1.04 | (0.17) | 0.00 | (0.21) | 0.00 | 2.01 | 5.98 | |||
HRDIL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
MAT | 1.35 | 0.26 | 0.16 | 0.39 | 1.40 | 2.58 | 18.31 |
Block, Corporate Management
Owen Jennings | Head Business | Profile | |
Ajmere Dale | Chief Officer | Profile | |
Chrysty Esperanza | Corporate Secretary | Profile | |
Nikhil Dixit | Head Relations | Profile |