Bentley Systems Correlations

BSY Stock

USD 57.81 0.23 0.40%

The current 90-days correlation between Bentley Systems and Blackline is 0.55 (i.e., Very weak diversification). The correlation of Bentley Systems 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.

Bentley Systems Correlation With Market

Very weak diversification

The correlation between Bentley Systems and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bentley Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bentley Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bentley Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Bentley Stock

0.83	U	Unity Software Aggressive Push	Pair Corr
0.81	AI	C3 Ai Inc	Pair Corr
0.74	BL	Blackline	Pair Corr
0.72	DT	Dynatrace Holdings LLC	Pair Corr
0.86	DV	DoubleVerify Holdings	Pair Corr
0.74	EB	Eventbrite Class A	Pair Corr
0.82	VS	Versus Systems	Pair Corr
0.84	DOMO	Domo Inc Upward Rally	Pair Corr
0.8	VERB	Verb Technology	Pair Corr
0.72	VTEX	VTEX Downward Rally	Pair Corr
0.91	EGAN	eGain	Pair Corr
0.72	EGHT	8x8 Common Stock	Pair Corr
0.63	ELWS	Earlyworks Co,	Pair Corr
0.82	ETWO	E2open Parent Holdings	Pair Corr
0.79	API	Agora Inc	Pair Corr

Moving against Bentley Stock

0.74	VERX	Vertex	Pair Corr
0.36	WK	Workiva	Pair Corr
0.33	VBIX	Viewbix Common Stock	Pair Corr
0.9	VMEO	Vimeo Inc	Pair Corr
0.84	WETO	Webus International Tech Boost	Pair Corr
0.69	EPWK	EPWK Holdings	Pair Corr
0.64	EXFY	Expensify	Pair Corr
0.58	WALDW	Waldencast Acquisition	Pair Corr
0.58	FICO	Fair Isaac	Pair Corr
0.7	FRGT	Freight Technologies	Pair Corr
0.64	HKD	AMTD Digital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BL	MANH	DV	ANSS	DAY	VERX	ALGM	JAMF	PCOR
BL		0.89	0.84	0.73	0.4	-0.38	0.51	-0.51	0.39	BL
MANH	0.89		0.93	0.88	0.37	-0.52	0.49	-0.57	0.45	MANH
DV	0.84	0.93		0.84	0.31	-0.55	0.55	-0.62	0.42	DV
ANSS	0.73	0.88	0.84		0.14	-0.56	0.58	-0.71	0.51	ANSS
DAY	0.4	0.37	0.31	0.14		0.39	-0.14	0.35	0.13	DAY
VERX	-0.38	-0.52	-0.55	-0.56	0.39		-0.59	0.76	-0.31	VERX
ALGM	0.51	0.49	0.55	0.58	-0.14	-0.59		-0.73	0.77	ALGM
JAMF	-0.51	-0.57	-0.62	-0.71	0.35	0.76	-0.73		-0.33	JAMF
PCOR	0.39	0.45	0.42	0.51	0.13	-0.31	0.77	-0.33		PCOR
	BL	MANH	DV	ANSS	DAY	VERX	ALGM	JAMF	PCOR

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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

DV	+ 0.93	MANH
MANH	+ 0.89	BL
ANSS	+ 0.88	MANH
DV	+ 0.84	BL
ANSS	+ 0.84	DV
PCOR	+ 0.77	ALGM

High negative correlations

JAMF	- 0.73	ALGM
JAMF	- 0.71	ANSS
JAMF	- 0.62	DV
ALGM	- 0.59	VERX
JAMF	- 0.57	MANH
VERX	- 0.56	ANSS

Risk-Adjusted Indicators

There is a big difference between Bentley Stock performing well and Bentley Systems 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 Bentley Systems' 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
BL	1.39	0.16	0.13	0.27	1.26	(1.66)	3.28	(2.27)	12.83
MANH	1.25	0.18	0.16	0.28	1.00	(1.44)	3.13	(1.98)	8.58
DV	1.64	0.22	0.10	0.32	1.93	(1.74)	3.78	(3.55)	11.90
ANSS	1.05	0.40	0.13	(1.07)	1.33	(1.16)	2.82	(1.59)	8.76
DAY	1.81	(0.12)	(0.02)	0.05	2.31	(1.79)	3.71	(4.21)	12.33
VERX	1.73	(0.20)	0.00	(0.25)	0.00	0.00	2.79	(3.84)	10.48
ALGM	2.37	1.15	0.65	0.95	1.04	(3.18)	7.71	(2.44)	16.88
JAMF	1.80	(0.64)	0.00	(0.31)	0.00	0.00	3.39	(3.87)	12.16
PCOR	1.44	0.29	0.27	0.37	0.90	(1.98)	3.92	(1.86)	13.36

Bentley Systems Corporate Management

Nicholas Cumins	Chief Officer	Profile
David Hollister	Chief Officer	Profile
Suzanne Little	Chief Officer	Profile
John Riddle	Senior Global	Profile
Ruth Sleeter	Chief Officer	Profile
Carey Mann	Investor Officer	Profile
Harry Vitelli	Senior Advancement	Profile

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