Blue Bird Correlations
| BLBD Stock | USD 34.66 1.02 2.86% |
The current 90-days correlation between Blue Bird Corp and Polestar Automotive Holding is -0.06 (i.e., Good diversification). The correlation of Blue Bird 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.
Blue Bird Correlation With Market
Good diversification
The correlation between Blue Bird Corp and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Bird Corp and DJI in the same portfolio, assuming nothing else is changed.
Blue |
Moving together with Blue Stock
| 0.63 | CMCO | Columbus McKinnon | PairCorr |
| 0.73 | UGRO | Urban Gro Earnings Call This Week | PairCorr |
| 0.63 | BW | Babcock Wilcox Enter | PairCorr |
| 0.61 | CW | Curtiss Wright | PairCorr |
Moving against Blue Stock
| 0.66 | TWI | Titan International Buyout Trend | PairCorr |
| 0.62 | DE | Deere Company | PairCorr |
| 0.61 | CNH | CNH Industrial NV Symbol Change | PairCorr |
| 0.53 | ASTE | Astec Industries | PairCorr |
| 0.51 | MTW | Manitowoc | PairCorr |
| 0.39 | OSK | Oshkosh | PairCorr |
| 0.37 | LNN | Lindsay | PairCorr |
| 0.36 | CEADW | CEA Industries Warrant | PairCorr |
| 0.36 | CEAD | CEA Industries Earnings Call This Week | PairCorr |
| 0.33 | ALG | Alamo Group | PairCorr |
| 0.72 | LZ | LegalZoom | PairCorr |
| 0.64 | SB | Safe Bulkers | PairCorr |
| 0.61 | EH | Ehang Holdings Downward Rally | PairCorr |
| 0.59 | BZ | Kanzhun Ltd ADR | PairCorr |
| 0.55 | PC | Premium Catering | PairCorr |
| 0.49 | GE | GE Aerospace | PairCorr |
| 0.45 | MG | Mistras Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Blue Stock performing well and Blue Bird 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 Blue Bird'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AYRO | 3.71 | (0.12) | 0.00 | (0.23) | 0.00 | 7.35 | 41.28 | |||
| PTRA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOLO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARVL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GOEV | 13.78 | (4.36) | 0.00 | (2.36) | 0.00 | 33.33 | 102.21 | |||
| HYZN | 4.25 | (1.69) | 0.00 | (0.67) | 0.00 | 3.70 | 25.49 | |||
| FFIE | 8.84 | 1.16 | 0.13 | 12.95 | 8.66 | 33.33 | 103.41 | |||
| PSNY | 3.08 | 0.14 | 0.05 | 1.04 | 3.52 | 8.00 | 21.56 | |||
| LI | 3.10 | 0.36 | 0.12 | 2.63 | 3.51 | 6.20 | 24.14 |
Blue Bird Corporate Management
| Ted Scartz | General VP | Profile | |
| Vijay Boova | Senior Quality | Profile | |
| Jolene Paver | Senior Officer | Profile | |
| David Bercik | VP Marketing | Profile | |
| Tim Gordon | Senior Marketing | Profile |