Bridgeline Digital Correlations

BLIN Stock

USD 1.44 0.02 1.37%

The current 90-days correlation between Bridgeline Digital and Datasea is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bridgeline Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridgeline Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

To learn how to invest in Bridgeline Stock, please use our How to Invest in Bridgeline Digital guide.

Moving together with Bridgeline Stock

0.72	VERI	Veritone	Pair Corr
0.69	FOUR	Shift4 Payments	Pair Corr
0.67	DBX	Dropbox	Pair Corr
0.67	GCT	GigaCloud Technology	Pair Corr

Moving against Bridgeline Stock

0.65	EVTC	Evertec	Pair Corr
0.43	EEFT	Euronet Worldwide	Pair Corr
0.39	MQ	Marqeta	Pair Corr
0.54	TCX	Tucows Inc	Pair Corr
0.38	DOX	Amdocs	Pair Corr
0.32	SWI	SolarWinds Corp	Pair Corr
0.31	GEN	Gen Digital	Pair Corr

Related Correlations Analysis

	TAOP	DTSS	JG	AUID	CISO	CINT	ZENV	HUBC	ZFOX	VHC
TAOP		0.47	-0.6	0.05	0.84	-0.56	0.14	-0.12	0.0	-0.55	TAOP
DTSS	0.47		0.09	0.0	0.36	0.1	0.17	0.15	0.0	-0.01	DTSS
JG	-0.6	0.09		-0.05	-0.48	0.76	-0.18	0.26	0.0	0.56	JG
AUID	0.05	0.0	-0.05		0.07	0.12	0.5	0.56	0.0	-0.04	AUID
CISO	0.84	0.36	-0.48	0.07		-0.45	0.11	0.04	0.0	-0.49	CISO
CINT	-0.56	0.1	0.76	0.12	-0.45		0.14	0.48	0.0	0.63	CINT
ZENV	0.14	0.17	-0.18	0.5	0.11	0.14		0.59	0.0	0.27	ZENV
HUBC	-0.12	0.15	0.26	0.56	0.04	0.48	0.59		0.0	0.46	HUBC
ZFOX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ZFOX
VHC	-0.55	-0.01	0.56	-0.04	-0.49	0.63	0.27	0.46	0.0		VHC
	TAOP	DTSS	JG	AUID	CISO	CINT	ZENV	HUBC	ZFOX	VHC

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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

CISO	+ 0.84	TAOP
CINT	+ 0.76	JG
VHC	+ 0.63	CINT
HUBC	+ 0.59	ZENV
VHC	+ 0.56	JG
HUBC	+ 0.56	AUID

High negative correlations

JG	- 0.6	TAOP
CINT	- 0.56	TAOP
VHC	- 0.55	TAOP
VHC	- 0.49	CISO
CISO	- 0.48	JG
CINT	- 0.45	CISO

Risk-Adjusted Indicators

There is a big difference between Bridgeline Stock performing well and Bridgeline Digital 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 Bridgeline Digital'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
TAOP	3.77	(0.14)	0.00	0.13	0.00	0.00	10.71	(9.68)	42.41
DTSS	2.52	0.10	0.03	0.05	3.17	(2.83)	4.55	(5.19)	18.17
JG	8.69	1.66	0.22	1.24	6.87	(14.53)	18.38	(9.95)	167.07
AUID	4.93	0.65	0.12	0.28	4.77	(6.55)	15.08	(8.96)	46.98
CISO	6.66	(1.11)	0.00	1.92	0.00	0.00	10.42	(22.50)	73.53
CINT	1.85	0.03	0.00	(0.04)	0.00	0.00	3.24	(4.38)	10.25
ZENV	4.35	0.12	0.02	0.00	4.51	(6.26)	10.94	(8.63)	37.38
HUBC	10.85	1.49	0.11	0.53	11.25	(13.67)	23.46	(15.00)	105.60
ZFOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VHC	4.36	1.36	0.36	(4.18)	3.03	(5.48)	8.88	(6.44)	77.83

Bridgeline Digital Corporate Management

Carl Prizzi	Executive Revenue	Profile
Joseph JD	Sec	Profile
Danielle Colvin	Senior Marketing	Profile
John Murcott	Executive Strategy	Profile
Thomas Windhausen	CFO Treasurer	Profile
Jeremy LaDuque	Senior Partnerships	Profile

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