Matterport Correlations

Summary

MTTRDelisted Stock

USD 5.38 0.00 0.00%

The current 90-days correlation between Matterport and C3 Ai Inc is 0.21 (i.e., Modest diversification). The correlation of Matterport 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Matterport Correlation With Market

Modest diversification

The correlation between Matterport and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matterport and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Matterport Stock

0.67

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Agora Inc

Pair Corr

Moving against Matterport Stock

0.89	WK	Workiva	Pair Corr
0.8	VERX	Vertex	Pair Corr
0.79	DJCO	Daily Journal Corp	Pair Corr
0.78	DOCU	DocuSign	Pair Corr
0.77	AI	C3 Ai Inc	Pair Corr
0.76	BL	Blackline	Pair Corr
0.73	EB	Eventbrite Class A	Pair Corr
0.5	ZM	Zoom Video Communications	Pair Corr
0.43	PD	Pagerduty Tech Boost	Pair Corr
0.34	DV	DoubleVerify Holdings	Pair Corr
0.86	VTSI	VirTra Inc	Pair Corr
0.71	ELWS	Earlyworks Co, Tech Boost	Pair Corr
0.7	EGAN	eGain	Pair Corr
0.7	FICO	Fair Isaac	Pair Corr
0.69	VERB	VERB TECHNOLOGY PANY Downward Rally	Pair Corr
0.68	VMEO	Vimeo Inc	Pair Corr
0.65	ETWO	E2open Parent Holdings	Pair Corr
0.64	DSGX	Descartes Systems	Pair Corr
0.57	ILLRW	Triller Group Symbol Change	Pair Corr
0.53	VTEX	VTEX	Pair Corr
0.39	EGHT	8x8 Common Stock	Pair Corr
0.86	DAY	Dayforce	Pair Corr
0.84	DMN	Damon Common Stock	Pair Corr
0.78	FSLY	Fastly Inc	Pair Corr
0.76	BMR	Beamr Imaging	Pair Corr

Related Correlations Analysis

	SNOW	AI	SHOP	ZM	DDOG	TTD	APPS	COMP	PAYC	NOW
SNOW		0.25	0.84	0.57	0.36	0.19	0.53	0.16	0.07	0.3	SNOW
AI	0.25		0.51	0.77	0.95	0.9	-0.38	-0.43	0.15	0.89	AI
SHOP	0.84	0.51		0.74	0.53	0.33	0.43	0.11	0.18	0.42	SHOP
ZM	0.57	0.77	0.74		0.83	0.7	-0.01	-0.31	0.01	0.71	ZM
DDOG	0.36	0.95	0.53	0.83		0.96	-0.36	-0.52	0.04	0.93	DDOG
TTD	0.19	0.9	0.33	0.7	0.96		-0.5	-0.62	-0.04	0.91	TTD
APPS	0.53	-0.38	0.43	-0.01	-0.36	-0.5		0.41	-0.12	-0.47	APPS
COMP	0.16	-0.43	0.11	-0.31	-0.52	-0.62	0.41		0.63	-0.5	COMP
PAYC	0.07	0.15	0.18	0.01	0.04	-0.04	-0.12	0.63		0.1	PAYC
NOW	0.3	0.89	0.42	0.71	0.93	0.91	-0.47	-0.5	0.1		NOW
	SNOW	AI	SHOP	ZM	DDOG	TTD	APPS	COMP	PAYC	NOW

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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

TTD	+ 0.96	DDOG
DDOG	+ 0.95	AI
NOW	+ 0.93	DDOG
NOW	+ 0.91	TTD
TTD	+ 0.9	AI
NOW	+ 0.89	AI

High negative correlations

COMP	- 0.62	TTD
COMP	- 0.52	DDOG
NOW	- 0.5	COMP
APPS	- 0.5	TTD
NOW	- 0.47	APPS
COMP	- 0.43	AI

Risk-Adjusted Indicators

There is a big difference between Matterport Stock performing well and Matterport 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 Matterport'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
SNOW	2.09	(0.01)	0.00	(0.10)	0.00	0.00	3.60	(3.93)	19.02
AI	3.32	(0.77)	0.00	(0.75)	0.00	0.00	5.97	(8.51)	19.50
SHOP	2.47	(0.07)	0.00	(0.14)	0.00	0.00	4.57	(6.41)	16.75
ZM	1.37	(0.09)	0.00	(0.24)	0.00	0.00	2.54	(3.30)	16.58
DDOG	1.79	(0.52)	0.00	(0.73)	0.00	0.00	2.66	(4.28)	15.08
TTD	2.56	(1.20)	0.00	(2.89)	0.00	0.00	3.49	(5.25)	37.45
APPS	7.09	2.23	0.31	0.68	5.61	(9.10)	13.65	(11.49)	113.26
COMP	2.79	0.96	0.27	0.40	2.53	(3.29)	5.70	(4.66)	36.50
PAYC	1.52	(0.04)	0.00	(0.17)	0.00	0.00	2.62	(3.40)	12.03
NOW	1.79	(0.32)	0.00	(0.35)	0.00	0.00	2.61	(4.82)	14.05

View Matterport Related Equities

Snowflake C3 Ai Inc Shopify Zoom Video Communications Datadog Trade Desk Digital Turbine Compass Paycom Soft ServiceNow Unity Software MondayCom Atlassian Corp Plc Gitlab Inc DocuSign

Risk & Return

Correlation

Matterport Corporate Management

Michael Knapp	VP Relations	Profile
Soohwan CFA	VP Relations	Profile
James JD	Chief Officer	Profile
Matthew Zinn	Chief Secretary	Profile
Japjit Tulsi	Chief Officer	Profile
Jean Barbagelata	Chief Officer	Profile
Pranab Sinha	Chief Officer	Profile

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