Global Blue Correlations

GB Stock

USD 7.36 0.02 0.27%

The current 90-days correlation between Global Blue Group and EverCommerce is 0.02 (i.e., Significant 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 0.03 (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 against Global Stock

0.61	EVCM	EverCommerce	Pair Corr
0.6	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.52	FIVN	Five9 Inc	Pair Corr
0.5	S	SentinelOne	Pair Corr
0.48	NN	Nextnav Acquisition Corp	Pair Corr
0.47	BOX	Box Inc	Pair Corr
0.44	FLYW	Flywire Corp	Pair Corr
0.33	FMTO	Femto Technologies Symbol Change	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.56	PAY	Paymentus Holdings	Pair Corr
0.53	TLS	Telos Corp	Pair Corr
0.52	GEN	Gen Digital	Pair Corr
0.45	GDDY	Godaddy	Pair Corr
0.43	DBX	Dropbox	Pair Corr
0.39	IOT	Samsara	Pair Corr
0.37	FOUR	Shift4 Payments	Pair Corr
0.37	MDB	MongoDB	Pair Corr
0.36	DLO	Dlocal	Pair Corr
0.34	RPD	Rapid7 Inc	Pair Corr
0.33	RXT	Rackspace Technology	Pair Corr
0.33	TDC	Teradata Corp	Pair Corr
0.32	ODD	ODDITY Tech	Pair Corr

Related Correlations Analysis

	GB	EVCM	CSGS	CCSI	IIIV	CCCS	SPSC	EVTC	NTCT	AVDX
GB		-0.61	-0.01	-0.24	-0.14	-0.44	-0.29	0.13	-0.37	-0.45	GB
EVCM	-0.61		-0.48	0.04	-0.05	0.81	0.64	-0.29	0.24	0.76	EVCM
CSGS	-0.01	-0.48		0.48	0.71	-0.67	-0.76	0.31	0.42	-0.57	CSGS
CCSI	-0.24	0.04	0.48		0.75	0.09	0.06	-0.43	0.82	0.28	CCSI
IIIV	-0.14	-0.05	0.71	0.75		-0.19	-0.35	-0.14	0.75	-0.07	IIIV
CCCS	-0.44	0.81	-0.67	0.09	-0.19		0.91	-0.62	0.26	0.87	CCCS
SPSC	-0.29	0.64	-0.76	0.06	-0.35	0.91		-0.67	0.16	0.89	SPSC
EVTC	0.13	-0.29	0.31	-0.43	-0.14	-0.62	-0.67		-0.52	-0.71	EVTC
NTCT	-0.37	0.24	0.42	0.82	0.75	0.26	0.16	-0.52		0.42	NTCT
AVDX	-0.45	0.76	-0.57	0.28	-0.07	0.87	0.89	-0.71	0.42		AVDX
	GB	EVCM	CSGS	CCSI	IIIV	CCCS	SPSC	EVTC	NTCT	AVDX

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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

SPSC	+ 0.91	CCCS
AVDX	+ 0.89	SPSC
AVDX	+ 0.87	CCCS
NTCT	+ 0.82	CCSI
CCCS	+ 0.81	EVCM
AVDX	+ 0.76	EVCM

High negative correlations

SPSC	- 0.76	CSGS
AVDX	- 0.71	EVTC
EVTC	- 0.67	SPSC
CCCS	- 0.67	CSGS
EVTC	- 0.62	CCCS
EVCM	- 0.61	GB

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
GB	1.78	0.34	0.17	3.93	1.74	(2.15)	3.86	(3.54)	18.44
EVCM	1.57	(0.19)	0.00	(0.22)	0.00	0.00	3.22	(3.52)	10.24
CSGS	1.24	0.24	0.16	0.21	1.41	(1.29)	2.82	(2.16)	8.74
CCSI	1.99	0.09	0.02	0.00	3.01	(1.83)	4.01	(4.21)	20.81
IIIV	1.56	0.22	0.13	0.20	1.66	(1.72)	3.09	(2.66)	13.80
CCCS	1.05	(0.42)	0.00	(0.88)	0.00	0.00	1.50	(3.06)	7.62
SPSC	1.57	(0.52)	0.00	(0.84)	0.00	0.00	2.35	(3.40)	17.08
EVTC	1.25	0.14	0.12	0.20	1.33	(1.53)	2.03	(1.85)	18.48
NTCT	1.42	0.02	0.00	(0.05)	0.00	0.00	2.20	(3.31)	16.99
AVDX	1.96	(0.29)	0.00	(0.39)	0.00	0.00	3.09	(3.93)	23.74

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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