Roblox Corp Correlations

RBLX Stock

USD 124.50 2.33 1.91%

The current 90-days correlation between Roblox Corp and Take Two Interactive Software is 0.05 (i.e., Significant diversification). The correlation of Roblox Corp 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.

Roblox Corp Correlation With Market

Modest diversification

The correlation between Roblox Corp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roblox Corp 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 Roblox Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Roblox Stock

0.83	GCL	GCL Global Holdings	Pair Corr
0.76	GDC	GD Culture Group	Pair Corr
0.63	TBH	Brag House Holdings,	Pair Corr
0.63	GAME	GameSquare Holdings	Pair Corr
0.77	GMHS	Gamehaus Holdings Class	Pair Corr
0.73	MSGM	Motorsport Gaming	Pair Corr
0.94	NTES	NetEase	Pair Corr
0.9	SKLZ	Skillz Platform	Pair Corr
0.75	SNAL	Snail, Class A	Pair Corr
0.81	SOHU	SohuCom	Pair Corr
0.8	TTWO	Take Two Interactive	Pair Corr
0.82	Z	Zillow Group Class	Pair Corr
0.84	KT	KT Corporation Potential Growth	Pair Corr
0.7	SE	Sea	Pair Corr
0.75	SY	So Young International Trending	Pair Corr
0.77	TC	TuanChe ADR	Pair Corr
0.91	TU	Telus Corp	Pair Corr
0.85	TV	Grupo Televisa SAB Earnings Call Tomorrow	Pair Corr
0.95	WB	Weibo Corp	Pair Corr

Moving against Roblox Stock

0.9	TRUG	Trugolf	Pair Corr
0.7	BHAT	Blue Hat Interactive	Pair Corr
0.64	GDEVW	Nexters Warrant	Pair Corr
0.64	GIGM	Giga Media	Pair Corr
0.54	PLTK	Playtika Holding Corp	Pair Corr
0.47	GMGI	Golden Matrix Group	Pair Corr
0.76	WIMI	WiMi Hologram Cloud	Pair Corr
0.54	ANGHW	Anghami Warrants	Pair Corr
0.53	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.35	DRCT	Direct Digital Holdings	Pair Corr
0.33	SJ	Scienjoy Holding Corp	Pair Corr

Related Correlations Analysis

	SKLZ	BILI	TTWO	NTES	U	COIN	ABNB	SNOW	PLTR
SKLZ		0.8	0.82	0.91	0.7	0.87	0.85	0.93	0.88	SKLZ
BILI	0.8		0.71	0.82	0.87	0.91	0.71	0.79	0.86	BILI
TTWO	0.82	0.71		0.82	0.54	0.74	0.77	0.83	0.84	TTWO
NTES	0.91	0.82	0.82		0.71	0.82	0.81	0.96	0.88	NTES
U	0.7	0.87	0.54	0.71		0.81	0.66	0.68	0.79	U
COIN	0.87	0.91	0.74	0.82	0.81		0.69	0.81	0.85	COIN
ABNB	0.85	0.71	0.77	0.81	0.66	0.69		0.83	0.87	ABNB
SNOW	0.93	0.79	0.83	0.96	0.68	0.81	0.83		0.89	SNOW
PLTR	0.88	0.86	0.84	0.88	0.79	0.85	0.87	0.89		PLTR
	SKLZ	BILI	TTWO	NTES	U	COIN	ABNB	SNOW	PLTR

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Risk-Adjusted Indicators

There is a big difference between Roblox Stock performing well and Roblox Corp 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 Roblox Corp'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
SKLZ	2.15	0.67	0.27	0.71	1.86	(2.44)	5.58	(3.23)	14.92
BILI	2.24	0.51	0.20	0.67	1.89	(2.50)	7.35	(3.54)	12.55
TTWO	1.25	0.07	0.00	0.28	1.95	(1.25)	2.89	(2.85)	11.07
NTES	1.39	0.42	0.28	0.78	0.94	(1.73)	2.85	(2.29)	17.19
U	3.02	0.97	0.34	0.84	2.13	(3.58)	7.62	(5.08)	17.80
COIN	3.50	1.28	0.47	1.32	2.18	(4.67)	9.01	(4.55)	31.18
ABNB	1.36	0.16	0.12	0.26	1.34	(1.51)	2.93	(2.80)	9.13
SNOW	1.55	0.50	0.29	0.60	0.97	(1.70)	4.41	(2.06)	16.92
PLTR	2.66	0.66	0.16	0.64	3.61	(2.87)	7.27	(5.78)	19.31

Roblox Corp Corporate Management

Tagu Kato	VP Officer	Profile
Morgan McGuire	Chief Scientist	Profile
Scott Rubin	Senior Vice President - Business Development	Profile
Hans Gunawan	Vice President - Finance	Profile
Arvind KC	Chief Officer	Profile
Anna Yen	Head Relations	Profile

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