Bilibili Correlations

BILI Stock

USD 19.37 0.72 3.58%

The current 90-days correlation between Bilibili and Electronic Arts is 0.07 (i.e., Significant diversification). The correlation of Bilibili 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.

Bilibili Correlation With Market

Good diversification

The correlation between Bilibili and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bilibili 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 Bilibili. 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 economic analysis.

For more detail on how to invest in Bilibili Stock please use our How to Invest in Bilibili guide.

Moving together with Bilibili Stock

0.8	BZ	Kanzhun Ltd ADR	Pair Corr
0.74	IQ	iQIYI Inc	Pair Corr
0.72	SY	So Young International	Pair Corr

Moving against Bilibili Stock

0.5	GAME	GameSquare Holdings	Pair Corr
0.37	Z	Zillow Group Class	Pair Corr
0.32	DJCO	Daily Journal Corp Earnings Call This Week	Pair Corr
0.39	KT	KT Corporation	Pair Corr
0.36	BATRK	Atlanta Braves Holdings,	Pair Corr
0.35	ZG	Zillow Group	Pair Corr

Related Correlations Analysis

	EA	TTWO	SOHU	ATVI	SKLZ	NTES	RBLX	NTDOY
EA		0.96	-0.77	0.53	-0.42	0.13	0.76	0.49	EA
TTWO	0.96		-0.81	0.65	-0.51	0.13	0.82	0.59	TTWO
SOHU	-0.77	-0.81		-0.5	0.46	0.31	-0.56	-0.22	SOHU
ATVI	0.53	0.65	-0.5		-0.43	0.18	0.8	0.73	ATVI
SKLZ	-0.42	-0.51	0.46	-0.43		-0.22	-0.52	-0.32	SKLZ
NTES	0.13	0.13	0.31	0.18	-0.22		0.21	0.51	NTES
RBLX	0.76	0.82	-0.56	0.8	-0.52	0.21		0.71	RBLX
NTDOY	0.49	0.59	-0.22	0.73	-0.32	0.51	0.71		NTDOY
	EA	TTWO	SOHU	ATVI	SKLZ	NTES	RBLX	NTDOY

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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

TTWO	+ 0.96	EA
RBLX	+ 0.82	TTWO
RBLX	+ 0.8	ATVI
RBLX	+ 0.76	EA
NTDOY	+ 0.73	ATVI
NTDOY	+ 0.71	RBLX

High negative correlations

SOHU	- 0.81	TTWO
SOHU	- 0.77	EA
RBLX	- 0.56	SOHU
RBLX	- 0.52	SKLZ
SKLZ	- 0.51	TTWO
ATVI	- 0.5	SOHU

Risk-Adjusted Indicators

There is a big difference between Bilibili Stock performing well and Bilibili 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 Bilibili'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
EA	0.93	0.07	0.04	0.70	1.21	(0.89)	1.64	(1.68)	5.48
TTWO	0.96	0.24	0.18	0.53	1.04	(1.04)	2.73	(2.17)	9.73
SOHU	1.85	(0.19)	0.00	(0.55)	0.00	0.00	3.86	(5.21)	13.26
ATVI	1.03	0.13	0.05	0.55	2.02	(1.08)	1.89	(1.16)	12.20
SKLZ	1.93	(0.36)	0.00	(2.41)	0.00	0.00	4.28	(3.99)	15.25
NTES	2.23	0.32	0.11	5.16	2.39	(2.56)	7.89	(4.44)	15.03
RBLX	2.09	0.44	0.19	4.46	1.92	(2.51)	4.12	(4.00)	24.10
NTDOY	1.24	0.17	0.09	(0.58)	1.36	(1.34)	3.56	(2.31)	8.80

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