Blend Labs Correlations

BLND Stock

USD 3.48 0.10 2.79%

The correlation of Blend Labs 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.

Blend Labs Correlation With Market

Good diversification

The correlation between Blend Labs 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 Blend Labs 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 Blend Labs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Blend Stock

0.65	ZM	Zoom Video Communications	Pair Corr
0.62	VERX	Vertex	Pair Corr

Moving against Blend Stock

0.35	U	Unity Software	Pair Corr
0.33	ZI	ZoomInfo Technologies	Pair Corr
0.33	ENFN	Enfusion	Pair Corr
0.33	HIT	Health In Tech,	Pair Corr

Related Correlations Analysis

	MNTV	ENFN	VTEX	ONTF	EXFY	BRZE	PD	SEMR	FRSH	CWAN
MNTV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
ENFN	0.0		-0.16	-0.33	0.02	-0.43	-0.09	0.36	0.39	0.44	ENFN
VTEX	0.0	-0.16		0.91	0.3	0.8	0.72	0.66	0.7	-0.01	VTEX
ONTF	0.0	-0.33	0.91		0.5	0.83	0.77	0.51	0.58	-0.09	ONTF
EXFY	0.0	0.02	0.3	0.5		0.2	0.57	0.11	0.33	0.24	EXFY
BRZE	0.0	-0.43	0.8	0.83	0.2		0.59	0.45	0.52	-0.14	BRZE
PD	0.0	-0.09	0.72	0.77	0.57	0.59		0.31	0.55	0.18	PD
SEMR	0.0	0.36	0.66	0.51	0.11	0.45	0.31		0.82	0.01	SEMR
FRSH	0.0	0.39	0.7	0.58	0.33	0.52	0.55	0.82		0.33	FRSH
CWAN	0.0	0.44	-0.01	-0.09	0.24	-0.14	0.18	0.01	0.33		CWAN
	MNTV	ENFN	VTEX	ONTF	EXFY	BRZE	PD	SEMR	FRSH	CWAN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ONTF	+ 0.91	VTEX
BRZE	+ 0.83	ONTF
FRSH	+ 0.82	SEMR
BRZE	+ 0.8	VTEX
PD	+ 0.77	ONTF
PD	+ 0.72	VTEX

High negative correlations

BRZE	- 0.43	ENFN
ONTF	- 0.33	ENFN
VTEX	- 0.16	ENFN
CWAN	- 0.14	BRZE
CWAN	- 0.09	ONTF
PD	- 0.09	ENFN

Risk-Adjusted Indicators

There is a big difference between Blend Stock performing well and Blend Labs 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 Blend Labs' 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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENFN	1.18	0.11	0.10	0.34	1.61	(1.39)	3.38	(2.60)	10.10
VTEX	2.47	(0.14)	0.00	(0.18)	0.00	0.00	5.24	(5.60)	29.57
ONTF	1.51	(0.23)	0.00	(0.30)	0.00	0.00	2.99	(4.37)	8.74
EXFY	2.99	0.13	0.00	(0.02)	0.00	0.00	6.35	(5.52)	28.23
BRZE	2.41	(0.04)	0.00	(0.13)	0.00	0.00	4.56	(5.03)	17.27
PD	1.66	0.01	0.00	(0.09)	0.00	0.00	2.56	(3.20)	19.49
SEMR	2.73	(0.15)	0.00	(0.17)	0.00	0.00	6.84	(6.83)	31.93
FRSH	1.91	0.03	0.00	(0.07)	0.00	0.00	3.97	(4.28)	15.73
CWAN	1.82	(0.05)	0.00	(0.18)	0.00	0.00	3.61	(4.14)	15.32

Blend Labs Corporate Management

Marc Greenberg	Head of Finance and People Operations	Profile
Oxana Tkach	Controller Officer	Profile
Crystal Sumner	Compliance Legal	Profile
Naman Khan	Head Marketing	Profile
Winnie Ling	Head People	Profile
Srinivasan Venkatramani	Technology Product	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC