Baijiayun Correlations

RTC Stock

9.44 0.29 3.17%

The current 90-days correlation between Baijiayun Group and IDEX Biometrics ASA is -0.2 (i.e., Good 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 0.07 (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.

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

0.64	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.69	BL	Blackline	Pair Corr
0.75	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.63	WK	Workiva	Pair Corr
0.67	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.69	VERX	Vertex	Pair Corr
0.65	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.82	DUOL	Duolingo	Pair Corr
0.62	DUOT	Duos Technologies	Pair Corr
0.66	EGHT	8x8 Common Stock	Pair Corr
0.8	ENFN	Enfusion	Pair Corr

Moving against Baijiayun Stock

0.75	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.66	ILLRW	Triller Group Symbol Change	Pair Corr
0.57	EGAN	eGain	Pair Corr
0.43	WBTN	WEBTOON Entertainment	Pair Corr
0.38	VTEX	VTEX	Pair Corr
0.71	SBIGW	SpringBig Holdings	Pair Corr
0.64	EVOL	Evolving Systems	Pair Corr

Related Correlations Analysis

	IDXAF	ISDR	EGAN	MIXT	RSSS	AMSWA	PYCR	APPF	AGYS	IDBA
IDXAF		-0.06	-0.86	-0.53	-0.03	0.61	0.13	-0.17	0.04	-0.45	IDXAF
ISDR	-0.06		0.05	0.55	-0.23	-0.34	-0.48	-0.04	-0.31	0.38	ISDR
EGAN	-0.86	0.05		0.48	0.06	-0.6	0.08	0.28	0.04	0.49	EGAN
MIXT	-0.53	0.55	0.48		-0.09	-0.86	-0.57	0.28	-0.35	0.81	MIXT
RSSS	-0.03	-0.23	0.06	-0.09		0.17	0.55	0.55	0.74	-0.19	RSSS
AMSWA	0.61	-0.34	-0.6	-0.86	0.17		0.52	-0.22	0.38	-0.71	AMSWA
PYCR	0.13	-0.48	0.08	-0.57	0.55	0.52		0.35	0.67	-0.41	PYCR
APPF	-0.17	-0.04	0.28	0.28	0.55	-0.22	0.35		0.27	0.32	APPF
AGYS	0.04	-0.31	0.04	-0.35	0.74	0.38	0.67	0.27		-0.54	AGYS
IDBA	-0.45	0.38	0.49	0.81	-0.19	-0.71	-0.41	0.32	-0.54		IDBA
	IDXAF	ISDR	EGAN	MIXT	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

IDBA	+ 0.81	MIXT
AGYS	+ 0.74	RSSS
AGYS	+ 0.67	PYCR
AMSWA	+ 0.61	IDXAF
MIXT	+ 0.55	ISDR
PYCR	+ 0.55	RSSS

High negative correlations

AMSWA	- 0.86	MIXT
EGAN	- 0.86	IDXAF
IDBA	- 0.71	AMSWA
AMSWA	- 0.6	EGAN
PYCR	- 0.57	MIXT
IDBA	- 0.54	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	3.36	1.71	0.00	(15.27)	0.00	0.00	0.00	0.00	112.50
ISDR	2.85	(0.04)	0.01	0.10	2.89	(3.28)	8.57	(4.71)	19.72
EGAN	2.69	(0.81)	0.00	(0.18)	0.00	0.00	5.62	(7.25)	18.26
MIXT	2.00	(0.19)	0.00	(1.18)	0.00	0.00	3.52	(3.34)	12.12
RSSS	1.72	0.31	0.14	0.56	1.41	(2.36)	4.60	(3.32)	8.98
AMSWA	1.44	0.29	0.11	(8.43)	1.18	(1.67)	3.79	(2.53)	10.40
PYCR	1.53	0.20	0.13	0.27	1.44	(1.66)	3.12	(2.96)	9.64
APPF	1.45	(0.01)	0.01	0.11	2.17	(1.56)	2.86	(2.27)	15.04
AGYS	1.91	0.04	0.06	0.14	2.84	(1.83)	4.17	(5.24)	14.47
IDBA	1.81	(0.65)	0.00	(1.27)	0.00	0.00	2.74	(6.49)	17.01

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