Outbrain Correlations

OB Stock

USD 5.46 0.09 1.68%

The current 90-days correlation between Outbrain and Perion Network is 0.48 (i.e., Very weak diversification). The correlation of Outbrain 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.

Outbrain Correlation With Market

Very weak diversification

The correlation between Outbrain and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Outbrain and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Outbrain. 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.

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

Moving together with Outbrain Stock

0.73	GENI	Genius Sports	Pair Corr
0.64	YELP	Yelp Inc	Pair Corr

Moving against Outbrain Stock

0.62	GETY	Getty Images Holdings	Pair Corr
0.59	MAX	MediaAlpha	Pair Corr
0.33	FENG	Phoenix New Media	Pair Corr
0.32	BZ	Kanzhun Ltd ADR	Pair Corr
0.59	MTCH	Match Group	Pair Corr
0.32	MOMO	Hello Group	Pair Corr

Related Correlations Analysis

	PERI	TBLAW	FVRR	ANGI	MTCH	MAX	YY	IAC	YELP	GRPN
PERI		0.47	0.65	-0.35	-0.63	-0.7	-0.29	-0.3	0.68	0.17	PERI
TBLAW	0.47		0.55	-0.67	-0.41	-0.53	-0.32	-0.64	0.44	-0.36	TBLAW
FVRR	0.65	0.55		-0.58	-0.76	-0.81	0.03	-0.53	0.75	-0.3	FVRR
ANGI	-0.35	-0.67	-0.58		0.71	0.62	-0.07	0.87	-0.59	0.66	ANGI
MTCH	-0.63	-0.41	-0.76	0.71		0.84	-0.15	0.62	-0.69	0.38	MTCH
MAX	-0.7	-0.53	-0.81	0.62	0.84		-0.09	0.53	-0.76	0.33	MAX
YY	-0.29	-0.32	0.03	-0.07	-0.15	-0.09		-0.04	-0.03	-0.38	YY
IAC	-0.3	-0.64	-0.53	0.87	0.62	0.53	-0.04		-0.33	0.47	IAC
YELP	0.68	0.44	0.75	-0.59	-0.69	-0.76	-0.03	-0.33		-0.25	YELP
GRPN	0.17	-0.36	-0.3	0.66	0.38	0.33	-0.38	0.47	-0.25		GRPN
	PERI	TBLAW	FVRR	ANGI	MTCH	MAX	YY	IAC	YELP	GRPN

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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

IAC	+ 0.87	ANGI
MAX	+ 0.84	MTCH
YELP	+ 0.75	FVRR
MTCH	+ 0.71	ANGI
YELP	+ 0.68	PERI
GRPN	+ 0.66	ANGI

High negative correlations

MAX	- 0.81	FVRR
YELP	- 0.76	MAX
MTCH	- 0.76	FVRR
MAX	- 0.7	PERI
YELP	- 0.69	MTCH
ANGI	- 0.67	TBLAW

Risk-Adjusted Indicators

There is a big difference between Outbrain Stock performing well and Outbrain 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 Outbrain'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
PERI	1.44	(0.22)	0.00	(0.05)	0.00	0.00	3.06	(3.04)	11.22
TBLAW	11.29	2.21	0.11	(0.63)	11.57	(15.65)	29.73	(23.08)	59.82
FVRR	2.45	0.22	0.09	0.30	2.55	(2.74)	4.93	(3.62)	23.04
ANGI	2.56	(0.58)	0.00	(0.28)	0.00	0.00	4.38	(4.04)	33.00
MTCH	1.42	(0.29)	0.00	(0.19)	0.00	0.00	3.20	(2.33)	21.07
MAX	2.69	(0.51)	0.00	(0.35)	0.00	0.00	4.70	(5.09)	35.30
YY	1.53	0.03	(0.02)	0.22	1.98	(1.61)	3.61	(3.82)	12.11
IAC	1.47	(0.32)	0.00	(0.06)	0.00	0.00	3.07	(2.73)	17.03
YELP	1.26	(0.02)	(0.01)	0.10	1.33	(1.46)	3.13	(2.34)	8.65
GRPN	3.65	(0.64)	0.00	(0.38)	0.00	0.00	7.39	(7.21)	37.96

Outbrain Corporate Management

Jason CPA	Chief Officer	Profile
Sarah Gavin	Head Communications	Profile
Yaron Galai	Chairman CoFounder	Profile
Veronica Gonzalez	Chief Counsel	Profile
Yossi Amara	Chief Officer	Profile
Paul Knegten	Chief Officer	Profile

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