Baijiayun Correlations

RTC Stock

1.62 0.35 27.56%

The current 90-days correlation between Baijiayun Group and ISDR Old is 0.12 (i.e., Average diversification). The correlation of Baijiayun 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.

Baijiayun Correlation With Market

Significant diversification

The correlation between Baijiayun Group and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baijiayun Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Baijiayun Stock

0.71	VMEO	Vimeo Inc	Pair Corr
0.61	WALD	Waldencast Acquisition	Pair Corr
0.76	WETO	Webus International Tech Boost	Pair Corr
0.76	WALDW	Waldencast Acquisition	Pair Corr
0.75	EXFY	Expensify	Pair Corr
0.65	FICO	Fair Isaac	Pair Corr

Moving against Baijiayun Stock

0.8	DOMO	Domo Inc Upward Rally	Pair Corr
0.76	DT	Dynatrace Holdings LLC	Pair Corr
0.73	BL	Blackline	Pair Corr
0.73	VERB	Verb Technology	Pair Corr
0.63	DJCO	Daily Journal Corp	Pair Corr
0.6	AI	C3 Ai Inc	Pair Corr
0.6	EB	Eventbrite Class A	Pair Corr
0.57	DV	DoubleVerify Holdings	Pair Corr
0.51	U	Unity Software Aggressive Push	Pair Corr
0.45	VS	Versus Systems	Pair Corr
0.79	ETWO	E2open Parent Holdings	Pair Corr
0.72	VTEX	VTEX Downward Rally	Pair Corr
0.66	EGAN	eGain	Pair Corr
0.62	DUOT	Duos Technologies	Pair Corr
0.74	FROG	Jfrog	Pair Corr
0.72	DHX	DHI Group	Pair Corr

Related Correlations Analysis

	IDXAF	ISDR	EGAN	RSSS	AMSWA	PYCR	APPF	AGYS	IDBA
IDXAF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IDXAF
ISDR	0.0		-0.87	-0.45	0.0	-0.8	-0.54	-0.75	0.0	ISDR
EGAN	0.0	-0.87		0.39	0.0	0.93	0.71	0.91	0.0	EGAN
RSSS	0.0	-0.45	0.39		0.0	0.27	0.13	0.37	0.0	RSSS
AMSWA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AMSWA
PYCR	0.0	-0.8	0.93	0.27	0.0		0.75	0.86	0.0	PYCR
APPF	0.0	-0.54	0.71	0.13	0.0	0.75		0.57	0.0	APPF
AGYS	0.0	-0.75	0.91	0.37	0.0	0.86	0.57		0.0	AGYS
IDBA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IDBA
	IDXAF	ISDR	EGAN	RSSS	AMSWA	PYCR	APPF	AGYS	IDBA

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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

PYCR	+ 0.93	EGAN
AGYS	+ 0.91	EGAN
AGYS	+ 0.86	PYCR
APPF	+ 0.75	PYCR
APPF	+ 0.71	EGAN
AGYS	+ 0.57	APPF

High negative correlations

EGAN	- 0.87	ISDR
PYCR	- 0.8	ISDR
AGYS	- 0.75	ISDR
APPF	- 0.54	ISDR
RSSS	- 0.45	ISDR
IDBA	- 0.0	AGYS

Risk-Adjusted Indicators

There is a big difference between Baijiayun Stock performing well and Baijiayun 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 Baijiayun'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
IDXAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDR	1.73	(0.18)	0.00	(0.33)	0.00	0.00	2.88	(3.61)	9.01
EGAN	2.63	0.40	0.13	0.51	2.82	(3.09)	5.57	(5.18)	18.39
RSSS	2.37	0.15	0.03	0.36	3.23	(2.47)	5.56	(5.04)	18.11
AMSWA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYCR	0.10	0.01	(0.97)	1.67	0.00	(0.13)	0.18	(0.18)	1.22
APPF	1.84	0.00	0.01	0.13	3.70	(1.84)	3.98	(3.31)	23.12
AGYS	1.94	0.70	0.36	0.89	1.23	(2.29)	3.97	(2.80)	26.55
IDBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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