Global Blue Correlations

GB Stock

USD 6.54 0.24 3.54%

The current 90-days correlation between Global Blue Group and Evertec is 0.31 (i.e., Weak diversification). The correlation of Global Blue 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.

Global Blue Correlation With Market

Significant diversification

The correlation between Global Blue Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Blue Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blue Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Global Stock

0.65	BB	BlackBerry Aggressive Push	Pair Corr
0.61	VRAR	Glimpse Group	Pair Corr
0.69	VRSN	VeriSign	Pair Corr
0.78	HCP	Hashicorp	Pair Corr
0.85	LIDRW	AEye Inc	Pair Corr

Moving against Global Stock

0.8	FLYW	Flywire Corp	Pair Corr
0.77	S	SentinelOne	Pair Corr
0.74	EVCM	EverCommerce	Pair Corr
0.73	VRNS	Varonis Systems	Pair Corr
0.72	EVTC	Evertec	Pair Corr
0.6	FMTO	FMTO Symbol Change	Pair Corr
0.6	BOX	Box Inc Sell-off Trend	Pair Corr
0.59	ZS	Zscaler	Pair Corr
0.59	DTSS	Datasea	Pair Corr
0.58	EEFT	Euronet Worldwide	Pair Corr
0.54	NN	Nextnav Acquisition Corp	Pair Corr
0.47	MQ	Marqeta	Pair Corr
0.8	GEN	Gen Digital	Pair Corr
0.66	MDB	MongoDB	Pair Corr
0.62	SOS	SOS Limited	Pair Corr
0.51	RPD	Rapid7 Inc	Pair Corr
0.5	IOT	Samsara	Pair Corr
0.44	PAY	Paymentus Holdings	Pair Corr
0.42	TLS	Telos Corp	Pair Corr
0.41	DOX	Amdocs	Pair Corr
0.36	XBP	XBP Europe Holdings Tech Boost	Pair Corr
0.34	RXT	Rackspace Technology	Pair Corr

Related Correlations Analysis

	EVTC	CCSI	LVOX	ESMT	CSGS	EVCM	RDWR	NTCT	FORG
EVTC		-0.42	0.0	0.0	-0.21	0.92	0.6	-0.33	0.0	EVTC
CCSI	-0.42		0.0	0.0	0.85	-0.37	0.16	0.81	0.0	CCSI
LVOX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LVOX
ESMT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ESMT
CSGS	-0.21	0.85	0.0	0.0		-0.19	0.37	0.88	0.0	CSGS
EVCM	0.92	-0.37	0.0	0.0	-0.19		0.62	-0.27	0.0	EVCM
RDWR	0.6	0.16	0.0	0.0	0.37	0.62		0.26	0.0	RDWR
NTCT	-0.33	0.81	0.0	0.0	0.88	-0.27	0.26		0.0	NTCT
FORG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FORG
	EVTC	CCSI	LVOX	ESMT	CSGS	EVCM	RDWR	NTCT	FORG

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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

EVCM	+ 0.92	EVTC
NTCT	+ 0.88	CSGS
CSGS	+ 0.85	CCSI
NTCT	+ 0.81	CCSI
RDWR	+ 0.62	EVCM
RDWR	+ 0.6	EVTC

High negative correlations

CCSI	- 0.42	EVTC
EVCM	- 0.37	CCSI
NTCT	- 0.33	EVTC
NTCT	- 0.27	EVCM
CSGS	- 0.21	EVTC
EVCM	- 0.19	CSGS

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Blue 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 Global Blue'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
EVTC	1.04	(0.06)	0.00	(0.09)	0.00	0.00	2.06	(2.30)	8.92
CCSI	1.65	0.23	0.09	0.25	2.18	(1.75)	3.12	(3.41)	18.81
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSGS	1.12	0.23	0.17	0.33	1.10	(1.25)	2.25	(1.49)	6.91
EVCM	1.47	(0.12)	0.00	(0.16)	0.00	0.00	3.22	(3.32)	10.86
RDWR	1.42	0.16	0.09	3.25	1.57	(1.68)	3.20	(2.27)	12.92
NTCT	1.49	0.13	0.07	0.14	1.85	(1.50)	2.53	(3.12)	16.99
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Global Blue Corporate Management

Fabio Ferreira	Chief Information Officer	Profile
Jeremy Hendersonross	General Counsel, Company Secretary	Profile
Eric Strutz	Independent Director	Profile
Greg Gelhaus	Chief Europe	Profile
Eric Meurice	Independent Director	Profile

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