Blend Labs Correlations

BLND Stock

USD 3.13 0.38 10.83%

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

Modest diversification

The correlation between Blend Labs and DJI is 0.24 (i.e., Modest 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

0.68	DJCO	Daily Journal Corp	Pair Corr
0.79	AI	C3 Ai Inc	Pair Corr
0.69	EB	Eventbrite Class A	Pair Corr
0.85	PD	Pagerduty	Pair Corr
0.81	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.61	VMEO	Vimeo Inc Tech Boost	Pair Corr
0.85	ETWO	E2open Parent Holdings	Pair Corr
0.88	FICO	Fair Isaac Tech Boost	Pair Corr
0.81	ANY	Sphere 3D Corp	Pair Corr

Moving against Blend Stock

0.66	VS	Versus Systems	Pair Corr
0.59	KC	Kingsoft Cloud Holdings	Pair Corr
0.77	VCSA	Vacasa Inc	Pair Corr
0.63	DUOT	Duos Technologies	Pair Corr
0.61	ENFN	Enfusion	Pair Corr
0.41	EGAN	eGain	Pair Corr
0.61	DHX	DHI Group	Pair Corr
0.34	WALDW	Waldencast Acquisition	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		0.04	-0.11	0.16	0.04	-0.42	0.64	0.72	-0.11	ENFN
VTEX	0.0	0.04		0.75	0.39	0.28	0.45	0.63	0.48	0.08	VTEX
ONTF	0.0	-0.11	0.75		0.71	0.53	0.43	0.43	0.31	-0.21	ONTF
EXFY	0.0	0.16	0.39	0.71		0.35	0.11	0.31	0.23	-0.29	EXFY
BRZE	0.0	0.04	0.28	0.53	0.35		-0.2	0.12	0.25	-0.6	BRZE
PD	0.0	-0.42	0.45	0.43	0.11	-0.2		0.1	-0.06	0.55	PD
SEMR	0.0	0.64	0.63	0.43	0.31	0.12	0.1		0.85	-0.04	SEMR
FRSH	0.0	0.72	0.48	0.31	0.23	0.25	-0.06	0.85		-0.03	FRSH
CWAN	0.0	-0.11	0.08	-0.21	-0.29	-0.6	0.55	-0.04	-0.03		CWAN
	MNTV	ENFN	VTEX	ONTF	EXFY	BRZE	PD	SEMR	FRSH	CWAN

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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

FRSH	+ 0.85	SEMR
ONTF	+ 0.75	VTEX
FRSH	+ 0.72	ENFN
EXFY	+ 0.71	ONTF
SEMR	+ 0.64	ENFN
SEMR	+ 0.63	VTEX

High negative correlations

CWAN	- 0.6	BRZE
PD	- 0.42	ENFN
CWAN	- 0.29	EXFY
CWAN	- 0.21	ONTF
PD	- 0.2	BRZE
CWAN	- 0.11	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	1.35	0.21	0.13	1.46	1.63	(1.70)	3.38	(2.90)	10.10
VTEX	2.15	(0.35)	0.00	(0.35)	0.00	0.00	2.91	(4.03)	29.57
ONTF	1.36	(0.18)	0.00	(0.15)	0.00	0.00	2.80	(4.14)	8.36
EXFY	2.67	0.13	0.05	0.18	2.86	(3.16)	6.35	(5.21)	14.62
BRZE	1.98	0.01	0.00	(0.02)	0.00	0.00	3.61	(3.23)	17.27
PD	1.37	(0.15)	0.00	(0.28)	0.00	0.00	2.56	(2.96)	8.98
SEMR	2.48	(0.33)	0.00	(0.23)	0.00	0.00	5.29	(5.05)	31.93
FRSH	1.79	0.08	0.04	0.11	2.02	(2.11)	3.97	(3.47)	14.25
CWAN	1.73	(0.01)	0.00	(0.21)	0.00	0.00	3.61	(3.23)	12.93

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

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