Couchbase Correlations
| BASEDelisted Stock | USD 23.72 0.00 0.00% |
The correlation of Couchbase 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.
Couchbase Correlation With Market
Good diversification
The correlation between Couchbase and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Couchbase and DJI in the same portfolio, assuming nothing else is changed.
Couchbase |
Moving together with Couchbase Stock
Moving against Couchbase Stock
| 0.86 | GWW | WW Grainger | PairCorr |
| 0.81 | NOEM | CO2 Energy Transition | PairCorr |
| 0.72 | ALVLF | Big Ridge Gold | PairCorr |
| 0.69 | HL | Hecla Mining | PairCorr |
| 0.69 | ULTA | Ulta Beauty | PairCorr |
| 0.65 | AVTBF | Avant Brands | PairCorr |
| 0.64 | LNDNF | Lundin Energy AB | PairCorr |
| 0.64 | TSLA | Tesla Inc Sell-off Trend | PairCorr |
| 0.61 | CX | Cemex SAB de Sell-off Trend | PairCorr |
| 0.59 | CURLF | Curaleaf Holdings | PairCorr |
| 0.51 | APGE | Apogee Therapeutics, | PairCorr |
| 0.5 | RGC | Regencell Bioscience Trending | PairCorr |
| 0.49 | BLMC | Biloxi Marsh Lands | PairCorr |
| 0.46 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.44 | EGP | EastGroup Properties | PairCorr |
| 0.41 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.36 | PHAR | Pharming Group NV | PairCorr |
| 0.32 | KYOCF | Kyocera | PairCorr |
| 0.84 | CRRFY | Carrefour SA PK | PairCorr |
| 0.83 | ASTI | Ascent Solar Technol Trending | PairCorr |
| 0.78 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.69 | AA | Alcoa Corp Sell-off Trend | PairCorr |
| 0.66 | AAL | American Airlines | PairCorr |
| 0.6 | GM | General Motors | PairCorr |
| 0.57 | BAC | Bank of America | PairCorr |
| 0.55 | DDS | Dillards, | PairCorr |
| 0.5 | PII | Polaris Industries | PairCorr |
| 0.43 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.42 | HE | Hawaiian Electric | PairCorr |
| 0.4 | RLMD | Relmada Therapeutics | PairCorr |
| 0.35 | DNLMY | Dunelm Group PLC | PairCorr |
Related Correlations Analysis
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 Couchbase Stock performing well and Couchbase 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 Couchbase'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZUO | 0.12 | 0.02 | (0.28) | (0.41) | 0.00 | 0.30 | 0.81 | |||
| MNTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PAYA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GB | 0.25 | 0.00 | (0.10) | 0.15 | 0.46 | 0.41 | 3.25 | |||
| WKME | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EVBG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TWKS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SWIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STER | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Couchbase Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Couchbase stock to make a market-neutral strategy. Peer analysis of Couchbase could also be used in its relative valuation, which is a method of valuing Couchbase by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Couchbase Corporate Management
| Huw Owen | Senior Officer | Profile | |
| Julie Irish | Senior Officer | Profile | |
| Jan Lehnardt | CoFounder | Profile | |
| Matt McDonough | Senior Partners | Profile | |
| Rahim Yaseen | VP Products | Profile | |
| John Kreisa | Senior Officer | Profile | |
| James Phillips | CoFounder Products | Profile |
Still Interested in Couchbase?
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