Block Correlations

XYZ Stock

49.80 0.71 1.45%

The current 90-days correlation between Block Inc and Atlassian Corp Plc is 0.33 (i.e., 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

Good diversification

The correlation between Block Inc and DJI is -0.04 (i.e., Good 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.

Build AI portfolio with Block Stock

Check out Your Current Watchlist 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 private.

Moving together with Block Stock

0.83	G	Genpact Limited	Pair Corr
0.69	BR	Broadridge Financial	Pair Corr
0.65	A1OS	All For One	Pair Corr
0.84	EXLS	ExlService Holdings	Pair Corr
0.67	III	Information Services	Pair Corr
0.65	IIIV	i3 Verticals	Pair Corr
0.68	INOD	Innodata Earnings Call This Week	Pair Corr
0.89	ADYEN	Adyen NV	Pair Corr
0.68	RPAY	Repay Holdings Corp	Pair Corr
0.91	AFRM	Affirm Holdings	Pair Corr
0.69	EML	EML Payments	Pair Corr
0.65	TASK	Taskus Inc	Pair Corr

Moving against Block Stock

0.56	CCA	Change Financial	Pair Corr
0.53	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.48	SHF	SNP Schneider Neurei	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.56	CASS	Cass Information Systems	Pair Corr
0.56	EYE	Eagle Eye Solutions	Pair Corr
0.33	PAGS	PagSeguro Digital	Pair Corr

Related Correlations Analysis

	TEAM	MPWR	ZS	TTWO	UI	GRMN	CTSH	FICO	NXPI	CPAY
TEAM		-0.85	0.65	0.87	-0.59	-0.18	0.41	0.91	-0.32	-0.53	TEAM
MPWR	-0.85		-0.75	-0.72	0.55	0.42	-0.11	-0.89	0.58	0.66	MPWR
ZS	0.65	-0.75		0.44	-0.44	-0.61	-0.27	0.77	-0.76	-0.81	ZS
TTWO	0.87	-0.72	0.44		-0.61	0.03	0.63	0.73	-0.1	-0.32	TTWO
UI	-0.59	0.55	-0.44	-0.61		0.3	-0.45	-0.5	0.36	0.57	UI
GRMN	-0.18	0.42	-0.61	0.03	0.3		0.56	-0.37	0.9	0.77	GRMN
CTSH	0.41	-0.11	-0.27	0.63	-0.45	0.56		0.18	0.5	0.32	CTSH
FICO	0.91	-0.89	0.77	0.73	-0.5	-0.37	0.18		-0.52	-0.61	FICO
NXPI	-0.32	0.58	-0.76	-0.1	0.36	0.9	0.5	-0.52		0.8	NXPI
CPAY	-0.53	0.66	-0.81	-0.32	0.57	0.77	0.32	-0.61	0.8		CPAY
	TEAM	MPWR	ZS	TTWO	UI	GRMN	CTSH	FICO	NXPI	CPAY

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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

FICO	+ 0.91	TEAM
NXPI	+ 0.9	GRMN
TTWO	+ 0.87	TEAM
CPAY	+ 0.8	NXPI
FICO	+ 0.77	ZS
CPAY	+ 0.77	GRMN

High negative correlations

FICO	- 0.89	MPWR
MPWR	- 0.85	TEAM
CPAY	- 0.81	ZS
NXPI	- 0.76	ZS
ZS	- 0.75	MPWR
TTWO	- 0.72	MPWR

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
TEAM	2.34	(0.95)	0.00	(1.63)	0.00	0.00	2.91	(7.11)	15.75
MPWR	1.98	0.20	0.08	0.18	2.39	(1.87)	4.79	(4.47)	11.71
ZS	1.93	(0.93)	0.00	(1.63)	0.00	0.00	2.44	(6.23)	16.38
TTWO	1.48	(0.31)	0.00	(0.48)	0.00	0.00	2.54	(4.35)	11.46
UI	2.05	0.28	0.12	0.33	2.10	(2.25)	4.86	(3.68)	15.46
GRMN	1.17	0.03	0.02	0.08	1.48	(1.17)	2.74	(2.69)	9.20
CTSH	1.41	(0.19)	0.00	(0.09)	0.00	0.00	2.80	(3.22)	15.16
FICO	1.59	(0.47)	0.00	(0.29)	0.00	0.00	3.93	(3.16)	13.51
NXPI	1.89	0.20	0.12	0.19	1.79	(2.25)	5.55	(3.09)	14.37
CPAY	1.94	0.21	0.11	0.20	1.97	(2.22)	4.46	(3.10)	18.86

Block Corporate Management

Owen Jennings	Head Business	Profile
Ajmere Dale	Chief Officer	Profile
Alex Fisher	GTM Partnerships	Profile
Nicholas Molnar	Sales Lead	Profile

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