Bigcommerce Holdings Correlations

BIGC Stock

USD 7.08 0.01 0.14%

The current 90-days correlation between Bigcommerce Holdings and nCino Inc is 0.26 (i.e., Modest diversification). The correlation of Bigcommerce Holdings 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.

Bigcommerce Holdings Correlation With Market

Average diversification

The correlation between Bigcommerce Holdings and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bigcommerce Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bigcommerce Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For information on how to trade Bigcommerce Stock refer to our How to Trade Bigcommerce Stock guide.

Moving together with Bigcommerce Stock

0.77	PD	Pagerduty	Pair Corr
0.61	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.69	EGHT	8x8 Common Stock	Pair Corr
0.64	ETWO	E2open Parent Holdings	Pair Corr

Moving against Bigcommerce Stock

0.62	VS	Versus Systems	Pair Corr
0.39	WK	Workiva Tech Boost	Pair Corr
0.54	EGAN	eGain	Pair Corr
0.41	BMR	Beamr Imaging	Pair Corr
0.39	ELWS	Earlyworks Co,	Pair Corr
0.37	WALDW	Waldencast Acquisition	Pair Corr
0.31	DUOT	Duos Technologies	Pair Corr

Related Correlations Analysis

	NCNO	ZI	GTLB	MNDY	DDOG	U	DOCU	APPS	TTD	HUBS
NCNO		0.44	0.04	0.19	0.68	0.12	-0.25	-0.47	0.57	-0.06	NCNO
ZI	0.44		-0.14	0.24	0.26	0.32	-0.08	-0.25	0.14	-0.06	ZI
GTLB	0.04	-0.14		0.48	0.05	-0.37	0.07	0.52	-0.12	0.85	GTLB
MNDY	0.19	0.24	0.48		-0.15	0.14	-0.38	0.6	-0.41	0.58	MNDY
DDOG	0.68	0.26	0.05	-0.15		0.01	0.41	-0.54	0.91	0.02	DDOG
U	0.12	0.32	-0.37	0.14	0.01		-0.02	-0.37	-0.02	-0.4	U
DOCU	-0.25	-0.08	0.07	-0.38	0.41	-0.02		-0.19	0.38	0.15	DOCU
APPS	-0.47	-0.25	0.52	0.6	-0.54	-0.37	-0.19		-0.68	0.69	APPS
TTD	0.57	0.14	-0.12	-0.41	0.91	-0.02	0.38	-0.68		-0.21	TTD
HUBS	-0.06	-0.06	0.85	0.58	0.02	-0.4	0.15	0.69	-0.21		HUBS
	NCNO	ZI	GTLB	MNDY	DDOG	U	DOCU	APPS	TTD	HUBS

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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

TTD	+ 0.91	DDOG
HUBS	+ 0.85	GTLB
HUBS	+ 0.69	APPS
DDOG	+ 0.68	NCNO
APPS	+ 0.6	MNDY
HUBS	+ 0.58	MNDY

High negative correlations

TTD	- 0.68	APPS
APPS	- 0.54	DDOG
APPS	- 0.47	NCNO
TTD	- 0.41	MNDY
HUBS	- 0.4	U
DOCU	- 0.38	MNDY

Risk-Adjusted Indicators

There is a big difference between Bigcommerce Stock performing well and Bigcommerce Holdings 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 Bigcommerce Holdings' 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
NCNO	1.44	(0.35)	0.00	(0.34)	0.00	0.00	2.40	(2.98)	14.69
ZI	2.25	0.23	0.10	3.03	2.25	(2.64)	3.84	(3.62)	20.70
GTLB	2.43	(0.04)	0.00	(0.06)	0.00	0.00	6.03	(4.00)	17.27
MNDY	2.94	0.24	0.06	0.12	3.19	(3.13)	6.35	(4.91)	30.74
DDOG	1.89	(0.28)	0.00	(0.50)	0.00	0.00	3.24	(4.28)	15.86
U	3.23	0.36	0.11	(0.21)	3.44	(3.53)	6.90	(6.43)	36.39
DOCU	1.99	0.13	0.06	0.51	2.43	(2.25)	3.59	(4.42)	34.12
APPS	6.25	1.94	0.33	0.93	4.55	(7.62)	12.92	(7.67)	113.26
TTD	2.25	(0.79)	0.00	2.14	0.00	0.00	3.49	(4.10)	38.12
HUBS	1.54	0.04	0.02	0.02	1.74	(1.78)	4.38	(2.88)	9.95

Bigcommerce Holdings Corporate Management

Rosie Rivel	Chief Officer	Profile
Brian Dhatt	Chief Feedonomics	Profile
Tyler Duncan	Senior Relations	Profile
Becky Logan	Senior People	Profile
Robert Alvarez	Chief Officer	Profile

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