Bakkt Holdings Correlations

BKKT Stock

USD 11.93 1.41 13.40%

The current 90-days correlation between Bakkt Holdings and Alarum Technologies is -0.1 (i.e., Good diversification). The correlation of Bakkt 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Bakkt Holdings Correlation With Market

Weak diversification

The correlation between Bakkt Holdings and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bakkt 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 Bakkt 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 industry.

For more information on how to buy Bakkt Stock please use our How to Invest in Bakkt Holdings guide.

Moving together with Bakkt Stock

0.78	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.63	VRAR	Glimpse Group Tech Boost	Pair Corr
0.76	VRNS	Varonis Systems	Pair Corr
0.69	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.66	EVCM	EverCommerce	Pair Corr
0.67	FLYW	Flywire Corp	Pair Corr
0.73	FMTO	Femto Technologies Symbol Change	Pair Corr
0.81	RPD	Rapid7 Inc	Pair Corr

Moving against Bakkt Stock

0.91	VRSN	VeriSign	Pair Corr
0.75	JG	Aurora Mobile	Pair Corr
0.71	BB	BlackBerry	Pair Corr
0.68	DOX	Amdocs Sell-off Trend	Pair Corr
0.6	FFIV	F5 Networks Sell-off Trend	Pair Corr
0.53	ZS	Zscaler	Pair Corr
0.47	DOCN	DigitalOcean Holdings	Pair Corr
0.42	MQ	Marqeta	Pair Corr
0.39	EVTC	Evertec	Pair Corr
0.36	BOX	Box Inc	Pair Corr
0.86	SWI	SolarWinds Corp	Pair Corr
0.71	HCP	Hashicorp	Pair Corr
0.7	GRRR	Gorilla Technology Buyout Trend	Pair Corr
0.6	VHC	VirnetX Holding Corp Tech Boost	Pair Corr
0.58	PGY	Pagaya Technologies	Pair Corr
0.56	FTNT	Fortinet	Pair Corr
0.54	NET	Cloudflare	Pair Corr
0.47	TCX	Tucows Inc	Pair Corr
0.42	XBP	XBP Europe Holdings Tech Boost	Pair Corr
0.36	HPAI	Helport AI Limited	Pair Corr

Related Correlations Analysis

	ARQQ	ALAR	EGIO	GCT	PGY	KPLTW	IMXI	LVOX	KLTR	IRNT
ARQQ		0.78	0.0	0.27	-0.46	-0.61	0.69	0.0	0.24	0.0	ARQQ
ALAR	0.78		0.0	0.64	-0.43	-0.57	0.91	0.0	0.48	0.0	ALAR
EGIO	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EGIO
GCT	0.27	0.64	0.0		-0.02	0.01	0.75	0.0	0.72	0.0	GCT
PGY	-0.46	-0.43	0.0	-0.02		0.5	-0.33	0.0	0.27	0.0	PGY
KPLTW	-0.61	-0.57	0.0	0.01	0.5		-0.5	0.0	-0.01	0.0	KPLTW
IMXI	0.69	0.91	0.0	0.75	-0.33	-0.5		0.0	0.53	0.0	IMXI
LVOX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	LVOX
KLTR	0.24	0.48	0.0	0.72	0.27	-0.01	0.53	0.0		0.0	KLTR
IRNT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IRNT
	ARQQ	ALAR	EGIO	GCT	PGY	KPLTW	IMXI	LVOX	KLTR	IRNT

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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

IMXI	+ 0.91	ALAR
ALAR	+ 0.78	ARQQ
IMXI	+ 0.75	GCT
KLTR	+ 0.72	GCT
IMXI	+ 0.69	ARQQ
GCT	+ 0.64	ALAR

High negative correlations

KPLTW	- 0.61	ARQQ
KPLTW	- 0.57	ALAR
IMXI	- 0.5	KPLTW
PGY	- 0.46	ARQQ
PGY	- 0.43	ALAR
IMXI	- 0.33	PGY

Risk-Adjusted Indicators

There is a big difference between Bakkt Stock performing well and Bakkt 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 Bakkt 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
ARQQ	9.06	0.48	0.05	0.50	9.53	(12.89)	24.76	(13.85)	81.53
ALAR	3.30	(0.58)	0.00	0.93	0.00	0.00	8.07	(6.90)	23.27
EGIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCT	2.96	(0.49)	0.00	(4.08)	0.00	0.00	6.05	(6.12)	16.65
PGY	4.66	0.61	0.10	0.18	4.98	(5.41)	9.20	(9.46)	33.99
KPLTW	15.28	2.90	0.16	0.86	13.60	(21.91)	60.00	(27.69)	108.80
IMXI	1.64	(0.63)	0.00	(1.26)	0.00	0.00	2.91	(3.83)	20.39
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KLTR	3.62	(0.17)	0.00	(0.27)	0.00	0.00	10.04	(8.93)	34.11
IRNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Bakkt Holdings Corporate Management

Michael Lewis	Chief Officer	Profile
Ann DeVries	Head Relations	Profile
Ray Kamrath	Chief Business	Profile
Kim Jimenez	Chief Officer	Profile
Nicholas Baes	Chief Officer	Profile

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