Banzai International Correlations

BNZIW Stock

0.01 0 21.13%

The current 90-days correlation between Banzai International and Anterix is -0.05 (i.e., Good diversification). The correlation of Banzai International 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.

Banzai International Correlation With Market

Good diversification

The correlation between Banzai International 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 Banzai International 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 Banzai International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Banzai Stock please use our How to Invest in Banzai International guide.

Moving against Banzai Stock

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0.33	PD	Pagerduty	Pair Corr
0.39	DUOL	Duolingo	Pair Corr
0.35	VERX	Vertex	Pair Corr
0.33	DUOT	Duos Technologies	Pair Corr
0.32	DSGX	Descartes Systems	Pair Corr
0.38	FICO	Fair Isaac	Pair Corr
0.37	API	Agora Inc	Pair Corr
0.37	CRM	Salesforce	Pair Corr
0.32	ESTC	Elastic NV	Pair Corr

Related Correlations Analysis

	RDCM	ATEX	ZD	FIZZ	AWLCF	PDS	SDRL
RDCM		-0.45	0.78	0.66	-0.9	-0.2	-0.03	RDCM
ATEX	-0.45		-0.09	-0.12	0.33	0.54	0.57	ATEX
ZD	0.78	-0.09		0.75	-0.88	0.07	0.3	ZD
FIZZ	0.66	-0.12	0.75		-0.63	0.14	0.37	FIZZ
AWLCF	-0.9	0.33	-0.88	-0.63		0.06	-0.16	AWLCF
PDS	-0.2	0.54	0.07	0.14	0.06		0.77	PDS
SDRL	-0.03	0.57	0.3	0.37	-0.16	0.77		SDRL
	RDCM	ATEX	ZD	FIZZ	AWLCF	PDS	SDRL

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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

ZD	+ 0.78	RDCM
SDRL	+ 0.77	PDS
FIZZ	+ 0.75	ZD
FIZZ	+ 0.66	RDCM
SDRL	+ 0.57	ATEX
PDS	+ 0.54	ATEX

High negative correlations

AWLCF	- 0.9	RDCM
AWLCF	- 0.88	ZD
AWLCF	- 0.63	FIZZ
ATEX	- 0.45	RDCM
PDS	- 0.2	RDCM
SDRL	- 0.16	AWLCF

Risk-Adjusted Indicators

There is a big difference between Banzai Stock performing well and Banzai International 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 Banzai International'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
RDCM	2.55	0.30	0.07	0.40	3.74	(2.53)	5.40	(5.39)	21.11
ATEX	1.67	(0.39)	0.00	(0.59)	0.00	0.00	3.49	(4.97)	12.42
ZD	1.70	0.26	0.11	1.81	1.90	(1.86)	3.26	(3.72)	19.49
FIZZ	1.10	0.06	0.03	0.19	1.58	(1.11)	2.56	(1.89)	10.75
AWLCF	0.08	(0.05)	0.00	10.09	0.00	0.00	0.00	0.00	2.54
PDS	1.75	(0.23)	0.00	(0.39)	0.00	0.00	3.44	(3.75)	11.68
SDRL	1.83	(0.17)	0.00	(0.23)	0.00	0.00	3.83	(3.21)	13.86

Banzai International Corporate Management

Simon Baumer	Chief Officer	Profile
Sergei Dolukhanov	Vice Sales	Profile
Mark Musburger	Chief Officer	Profile
Rachel Stanley	Vice Experience	Profile
Alvin Yip	Interim Controller	Profile
Ashley Levesque	Vice Marketing	Profile

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