Block Correlations

XYZ Stock

67.26 3.00 4.27%

The current 90-days correlation between Block Inc and Atlassian Corp Plc is 0.21 (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

Very weak diversification

The correlation between Block Inc and DJI is 0.52 (i.e., Very weak 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 producer price index.

Moving against Block Stock

0.76	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.71	CSGS	CSG Systems International	Pair Corr
0.69	DQ	Daqo New Energy	Pair Corr
0.67	SANM	Sanmina	Pair Corr
0.63	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.59	WSFS	WSFS Financial	Pair Corr
0.57	BOF	BranchOut Food Common	Pair Corr
0.53	F	Ford Motor Aggressive Push	Pair Corr
0.49	ACR-PC	ACRES Commercial Realty	Pair Corr
0.48	ATI	Allegheny Technologies	Pair Corr
0.47	PTAIY	Astra International Tbk	Pair Corr
0.47	NMIH	NMI Holdings	Pair Corr
0.39	ASXSF	Elysee Development Corp	Pair Corr
0.34	PBCRY	Bank Central Asia Earnings Call Next Week	Pair Corr
0.32	ACN	Accenture plc	Pair Corr

Related Correlations Analysis

	TEAM	MPWR	ZS	TTWO	UI	GRMN	CTSH	FICO	NXPI	CPAY
TEAM		0.47	-0.01	0.31	0.32	0.13	0.18	-0.13	0.38	-0.02	TEAM
MPWR	0.47		0.37	0.56	0.76	0.67	-0.38	-0.56	0.34	-0.17	MPWR
ZS	-0.01	0.37		0.0	0.69	0.37	-0.89	-0.31	-0.61	-0.86	ZS
TTWO	0.31	0.56	0.0		0.62	0.7	-0.18	-0.66	0.46	0.03	TTWO
UI	0.32	0.76	0.69	0.62		0.71	-0.69	-0.64	-0.04	-0.59	UI
GRMN	0.13	0.67	0.37	0.7	0.71		-0.6	-0.57	0.29	-0.12	GRMN
CTSH	0.18	-0.38	-0.89	-0.18	-0.69	-0.6		0.4	0.52	0.77	CTSH
FICO	-0.13	-0.56	-0.31	-0.66	-0.64	-0.57	0.4		-0.18	0.24	FICO
NXPI	0.38	0.34	-0.61	0.46	-0.04	0.29	0.52	-0.18		0.71	NXPI
CPAY	-0.02	-0.17	-0.86	0.03	-0.59	-0.12	0.77	0.24	0.71		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

CPAY	+ 0.77	CTSH
UI	+ 0.76	MPWR
GRMN	+ 0.71	UI
CPAY	+ 0.71	NXPI
GRMN	+ 0.7	TTWO
UI	+ 0.69	ZS

High negative correlations

CTSH	- 0.89	ZS
CPAY	- 0.86	ZS
CTSH	- 0.69	UI
FICO	- 0.66	TTWO
FICO	- 0.64	UI
NXPI	- 0.61	ZS

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	1.84	(0.08)	0.00	(0.01)	0.00	0.00	4.50	(4.18)	13.36
MPWR	2.12	(0.20)	(0.02)	0.01	2.99	(1.97)	4.41	(4.59)	16.13
ZS	1.78	(0.44)	0.00	(2.73)	0.00	0.00	3.35	(4.14)	20.25
TTWO	1.07	(0.09)	0.00	(0.13)	0.00	0.00	2.27	(1.81)	9.95
UI	2.21	(0.34)	0.00	(0.11)	0.00	0.00	3.66	(4.07)	29.29
GRMN	1.15	(0.39)	0.00	(0.27)	0.00	0.00	2.07	(2.42)	12.82
CTSH	1.09	0.25	0.19	0.31	0.90	(1.26)	3.10	(1.99)	8.17
FICO	1.63	(0.13)	0.00	(0.05)	0.00	0.00	3.93	(3.16)	9.18
NXPI	1.83	(0.06)	0.01	0.06	2.13	(2.01)	5.52	(3.34)	12.55
CPAY	1.52	0.19	0.07	0.75	1.74	(1.69)	3.76	(3.57)	8.99

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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