WM Technology Correlations

MAPS Stock

USD 0.99 0.03 3.13%

The current 90-days correlation between WM Technology and Blend Labs is 0.18 (i.e., Average diversification). The correlation of WM Technology 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.

WM Technology Correlation With Market

Modest diversification

The correlation between WM Technology and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WM Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MAPS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in WM Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy MAPS Stock please use our How to Invest in WM Technology guide.

Moving together with MAPS Stock

0.67	VERX	Vertex	Pair Corr
0.84	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.74	EPWK	EPWK Holdings	Pair Corr
0.77	WETO	Webus International	Pair Corr

Moving against MAPS Stock

0.69	DOMO	Domo Inc Tech Boost	Pair Corr
0.66	EB	Eventbrite Class A	Pair Corr
0.62	VS	Versus Systems	Pair Corr
0.54	BL	Blackline	Pair Corr
0.53	VERB	Verb Technology	Pair Corr
0.52	U	Unity Software Aggressive Push	Pair Corr
0.52	DT	Dynatrace Holdings LLC	Pair Corr
0.52	DV	DoubleVerify Holdings	Pair Corr
0.52	YB	Yuanbao American Dep	Pair Corr
0.47	AI	C3 Ai Inc	Pair Corr
0.39	DJCO	Daily Journal Corp	Pair Corr
0.72	EGAN	eGain	Pair Corr
0.65	ETWO	E2open Parent Holdings	Pair Corr
0.48	ELWS	Earlyworks Co,	Pair Corr
0.47	VTEX	VTEX	Pair Corr
0.4	EGHT	8x8 Common Stock	Pair Corr
0.8	DHX	DHI Group	Pair Corr
0.76	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	BLND	OLO	SBIG	PRCH	HYFM	SKIN	VRNOF	LTCH	LFLY
BLND		0.63	0.0	0.46	0.42	0.49	-0.03	0.0	0.0	BLND
OLO	0.63		0.0	0.93	0.76	0.85	-0.46	0.0	0.0	OLO
SBIG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SBIG
PRCH	0.46	0.93	0.0		0.78	0.87	-0.6	0.0	0.0	PRCH
HYFM	0.42	0.76	0.0	0.78		0.65	-0.35	0.0	0.0	HYFM
SKIN	0.49	0.85	0.0	0.87	0.65		-0.6	0.0	0.0	SKIN
VRNOF	-0.03	-0.46	0.0	-0.6	-0.35	-0.6		0.0	0.0	VRNOF
LTCH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LTCH
LFLY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LFLY
	BLND	OLO	SBIG	PRCH	HYFM	SKIN	VRNOF	LTCH	LFLY

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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

PRCH	+ 0.93	OLO
SKIN	+ 0.87	PRCH
SKIN	+ 0.85	OLO
HYFM	+ 0.78	PRCH
HYFM	+ 0.76	OLO
SKIN	+ 0.65	HYFM

High negative correlations

VRNOF	- 0.6	SKIN
VRNOF	- 0.6	PRCH
VRNOF	- 0.46	OLO
VRNOF	- 0.35	HYFM
VRNOF	- 0.03	BLND
LFLY	- 0.0	LTCH

Risk-Adjusted Indicators

There is a big difference between MAPS Stock performing well and WM Technology 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 WM Technology'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
BLND	1.79	(0.03)	0.01	0.15	2.45	(1.89)	3.94	(4.26)	14.97
OLO	2.05	0.64	0.38	0.72	0.98	(2.85)	7.45	(2.64)	17.95
SBIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRCH	4.54	1.30	0.38	0.60	3.41	(5.86)	7.65	(6.15)	75.72
HYFM	4.22	0.76	0.18	0.65	4.31	(5.00)	9.14	(6.90)	38.03
SKIN	6.05	1.09	0.25	0.57	4.58	(8.50)	16.89	(7.69)	67.28
VRNOF	5.19	(0.09)	0.01	0.12	6.25	(6.17)	15.63	(12.70)	33.81
LTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LFLY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

WM Technology Corporate Management

Randa CMD	Chief Officer	Profile
Duncan Grazier	Chief Officer	Profile
Steven Jung	Advisor	Profile
Arden Lee	Chief Officer	Profile
Justin Dean	CTO Officer	Profile
Mike Grishaver	Senior Product	Profile
Justin Hartfield	CoFounder Director	Profile

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