BuzzFeed Correlations

BZFD Stock  USD 1.09  0.10  8.40%   
The current 90-days correlation between BuzzFeed and MoneyHero Limited Class is 0.19 (i.e., Average diversification). The correlation of BuzzFeed 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.

BuzzFeed Correlation With Market

Weak diversification

The correlation between BuzzFeed and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BuzzFeed 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 BuzzFeed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For information on how to trade BuzzFeed Stock refer to our How to Trade BuzzFeed Stock guide.

Moving together with BuzzFeed Stock

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  0.86META Meta PlatformsPairCorr
  0.88AUTO Auto Trader GroupPairCorr
  0.77EGLX Enthusiast GamingPairCorr
  0.7DAR Darelle Online SolutionsPairCorr
  0.82ANGI ANGI HomeservicesPairCorr
  0.9ATHM AutohomePairCorr
  0.67RGVNF Regent VenturesPairCorr

Moving against BuzzFeed Stock

  0.86GOOGL Alphabet Class APairCorr
  0.82DRXGF Drax Group plcPairCorr
  0.81QUILF Quilter plcPairCorr
  0.78GKOS Glaukos CorpPairCorr
  0.68DNUT Krispy KremePairCorr
  0.65MH McGraw Hill,PairCorr
  0.9PACH Pioneer AcquisitionPairCorr
  0.89COPL Copley Acquisition CorpPairCorr
  0.88CSCO Cisco SystemsPairCorr
  0.87MTC MMTEC Inc Tech BoostPairCorr
  0.87LFST Lifestance HealthPairCorr
  0.84EXPE Expedia GroupPairCorr
  0.84OBIO Orchestra BioMed HoldingsPairCorr
  0.81AAPL Apple IncPairCorr
  0.81NHIC NewHold Investment CorpPairCorr
  0.77KODK Eastman KodakPairCorr
  0.7JBHT JB Hunt TransportPairCorr
  0.59SBKFF State BankPairCorr
  0.45TORO ToroPairCorr
  0.43HAVLF HAVN Life SciencesPairCorr

Related Correlations Analysis


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

RDISEAT
RDIMDIA
SEATNAMI
SEATMDIA
KOREPODC
RDINAMI
  

High negative correlations

KOREMDIA
KORESEAT
KORERDI
MDIAPODC
KORENAMI
RDIPODC

Risk-Adjusted Indicators

There is a big difference between BuzzFeed Stock performing well and BuzzFeed 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 BuzzFeed'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MNY  4.82 (0.61) 0.00 (0.29) 0.00 
 11.68 
 39.95 
PODC  3.42  0.58  0.14  0.76  3.65 
 8.98 
 22.74 
LVO  3.79 (0.09) 0.00  0.03  4.88 
 8.52 
 29.05 
TC  3.01 (0.33) 0.00 (0.21) 0.00 
 7.12 
 23.25 
NAMI  4.11 (0.03) 0.01  0.05  4.05 
 7.45 
 25.90 
MDIA  2.25 (0.84) 0.00  1.49  0.00 
 2.63 
 17.86 
SEAT  3.66 (1.30) 0.00 (0.61) 0.00 
 8.14 
 23.95 
SCOR  3.38  0.14  0.05  0.18  3.26 
 6.35 
 55.03 
RDI  1.99 (0.39) 0.00 (1.02) 0.00 
 3.25 
 11.74 
KORE  3.45  1.17  0.34  1.55  2.46 
 11.48 
 21.45 

BuzzFeed Corporate Management

Amita TomkoriaSenior RelationsProfile
Danielle BeltonEditorinChief HuffPostProfile
Jessica ProbusPublisher GMProfile
Edgar HernandezChief OfficerProfile
Jonah PerettiChairman FounderProfile
Juliana CliftonVice CommunicationsProfile