Block Correlations

XYZ Stock

64.59 1.31 1.99%

The current 90-days correlation between Block Inc and Atlassian Corp Plc is 0.2 (i.e., Modest 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

Significant diversification

The correlation between Block Inc and DJI is 0.03 (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.

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 services.

Moving together with Block Stock

0.82

INOD

Innodata

Pair Corr

Moving against Block Stock

0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.59	CASS	Cass Information Systems	Pair Corr
0.31	PPERF	Bank Mandiri Persero	Pair Corr
0.31	PTBRY	Bank Negara Indonesia	Pair Corr
0.72	CMRE	Costamare	Pair Corr
0.55	LTRE	Learning Tree Intern	Pair Corr
0.49	ACCR	Access Power	Pair Corr
0.46	KNYJF	KONE Oyj	Pair Corr
0.33	VZLA	Vizsla Resources Corp	Pair Corr
0.32	ICBU	Imd Companies	Pair Corr
0.77	BYOGF	Bounty Oil Gas	Pair Corr
0.53	LMND	Lemonade	Pair Corr
0.5	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.33	CBGZF	Cabral Gold	Pair Corr

Related Correlations Analysis

	TEAM	MPWR	ZS	TTWO	UI	GRMN	CTSH	FICO	NXPI	CPAY
TEAM		-0.18	0.46	0.48	0.46	0.24	-0.31	0.42	-0.18	-0.42	TEAM
MPWR	-0.18		0.06	0.3	0.51	0.7	-0.06	-0.69	0.45	0.09	MPWR
ZS	0.46	0.06		-0.03	0.7	0.29	-0.93	0.03	-0.69	-0.89	ZS
TTWO	0.48	0.3	-0.03		0.51	0.5	0.08	-0.25	0.34	0.03	TTWO
UI	0.46	0.51	0.7	0.51		0.66	-0.61	-0.33	-0.17	-0.62	UI
GRMN	0.24	0.7	0.29	0.5	0.66		-0.31	-0.44	0.28	-0.09	GRMN
CTSH	-0.31	-0.06	-0.93	0.08	-0.61	-0.31		-0.01	0.74	0.88	CTSH
FICO	0.42	-0.69	0.03	-0.25	-0.33	-0.44	-0.01		-0.36	-0.11	FICO
NXPI	-0.18	0.45	-0.69	0.34	-0.17	0.28	0.74	-0.36		0.8	NXPI
CPAY	-0.42	0.09	-0.89	0.03	-0.62	-0.09	0.88	-0.11	0.8		CPAY
	TEAM	MPWR	ZS	TTWO	UI	GRMN	CTSH	FICO	NXPI	CPAY

Please upgrade your account to get full access to Macroaxis premium features

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

CPAY	+ 0.88	CTSH
CPAY	+ 0.8	NXPI
NXPI	+ 0.74	CTSH
GRMN	+ 0.7	MPWR
UI	+ 0.7	ZS
GRMN	+ 0.66	UI

High negative correlations

CTSH	- 0.93	ZS
CPAY	- 0.89	ZS
NXPI	- 0.69	ZS
FICO	- 0.69	MPWR
CPAY	- 0.62	UI
CTSH	- 0.61	UI

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	2.04	(0.37)	0.00	(0.41)	0.00	0.00	3.93	(5.84)	13.15
MPWR	1.85	0.04	0.03	0.09	2.66	(1.65)	3.91	(4.47)	14.52
ZS	1.72	(0.53)	0.00	(0.87)	0.00	0.00	2.83	(4.14)	16.56
TTWO	1.03	(0.07)	0.00	(0.46)	0.00	0.00	2.27	(1.72)	9.50
UI	2.03	(0.38)	0.00	(0.28)	0.00	0.00	3.19	(4.03)	22.82
GRMN	1.18	(0.29)	0.00	(1.34)	0.00	0.00	2.07	(2.42)	12.54
CTSH	1.11	0.26	0.22	0.33	0.82	(1.32)	2.80	(2.07)	8.70
FICO	1.69	(0.01)	(0.03)	(0.01)	2.13	(1.70)	3.93	(3.16)	9.68
NXPI	1.65	0.00	0.02	0.07	1.75	(1.87)	3.89	(3.09)	12.56
CPAY	1.58	0.09	0.06	0.13	1.81	(1.77)	3.76	(3.06)	11.04

Block Corporate Management

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC