Bilibili Correlations

BILI Stock

USD 21.60 0.68 3.05%

The current 90-days correlation between Bilibili and Electronic Arts is -0.01 (i.e., Good diversification). The correlation of Bilibili 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.

Bilibili Correlation With Market

Average diversification

The correlation between Bilibili and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bilibili 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 Bilibili. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Bilibili Stock please use our How to Invest in Bilibili guide.

Moving together with Bilibili Stock

0.73	SOHU	SohuCom	Pair Corr
0.66	TTWO	Take Two Interactive	Pair Corr
0.69	T	ATT Inc Earnings Call This Week	Pair Corr
0.68	BZ	Kanzhun Ltd ADR	Pair Corr
0.61	SE	Sea Downward Rally	Pair Corr
0.76	TU	Telus Corp Potential Growth	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr

Moving against Bilibili Stock

0.58	MSGM	Motorsport Gaming	Pair Corr
0.56	RBLX	Roblox Corp	Pair Corr
0.42	PLTK	Playtika Holding Corp	Pair Corr
0.38	GMHS	Gamehaus Holdings Class	Pair Corr
0.34	GIGM	Giga Media	Pair Corr
0.33	SKLZ	Skillz Platform	Pair Corr
0.32	GRVY	Gravity	Pair Corr
0.31	GAME	GameSquare Holdings	Pair Corr
0.51	EB	Eventbrite Class A	Pair Corr
0.5	OB	Outbrain	Pair Corr
0.47	SNAL	Snail, Class A	Pair Corr
0.47	TRUG	Trugolf	Pair Corr
0.32	DJCO	Daily Journal Corp	Pair Corr
0.7	WBTN	WEBTOON Entertainment	Pair Corr
0.59	TC	TuanChe ADR	Pair Corr
0.55	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.47	VSME	VS Media Holdings	Pair Corr

Related Correlations Analysis

	EA	TTWO	SOHU	ATVI	SKLZ	NTES	RBLX	NTDOY
EA		-0.35	0.09	0.0	-0.75	-0.59	-0.65	-0.56	EA
TTWO	-0.35		0.7	0.0	0.19	0.6	-0.11	0.9	TTWO
SOHU	0.09	0.7		0.0	-0.03	0.41	-0.31	0.57	SOHU
ATVI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ATVI
SKLZ	-0.75	0.19	-0.03	0.0		0.61	0.82	0.4	SKLZ
NTES	-0.59	0.6	0.41	0.0	0.61		0.36	0.71	NTES
RBLX	-0.65	-0.11	-0.31	0.0	0.82	0.36		0.14	RBLX
NTDOY	-0.56	0.9	0.57	0.0	0.4	0.71	0.14		NTDOY
	EA	TTWO	SOHU	ATVI	SKLZ	NTES	RBLX	NTDOY

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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

NTDOY	+ 0.9	TTWO
RBLX	+ 0.82	SKLZ
NTDOY	+ 0.71	NTES
SOHU	+ 0.7	TTWO
NTES	+ 0.61	SKLZ
NTES	+ 0.6	TTWO

High negative correlations

SKLZ	- 0.75	EA
RBLX	- 0.65	EA
NTES	- 0.59	EA
NTDOY	- 0.56	EA
TTWO	- 0.35	EA
RBLX	- 0.31	SOHU

Risk-Adjusted Indicators

There is a big difference between Bilibili Stock performing well and Bilibili 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 Bilibili'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
EA	1.40	(0.19)	0.00	(42.17)	0.00	0.00	2.72	(2.58)	17.97
TTWO	1.38	0.19	0.15	0.42	1.51	(1.46)	3.00	(2.79)	17.26
SOHU	1.99	0.11	0.04	0.03	2.77	(1.86)	4.11	(3.94)	14.72
ATVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SKLZ	3.43	(0.05)	0.00	(0.16)	0.00	0.00	7.41	(7.35)	27.98
NTES	1.62	0.07	0.06	0.06	2.06	(1.66)	3.75	(3.97)	12.65
RBLX	1.94	0.12	0.04	0.03	3.09	(1.92)	3.85	(4.00)	17.52
NTDOY	1.73	0.25	0.13	0.53	1.99	(1.94)	3.67	(3.78)	11.20

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