Adobe Correlations

ADBE34 Stock

BRL 64.35 0.66 1.02%

The current 90-days correlation between Adobe Inc and Lupatech SA is -0.2 (i.e., Good diversification). The correlation of Adobe 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.

Adobe Correlation With Market

Average diversification

The correlation between Adobe Inc and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adobe Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Adobe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adobe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adobe Inc to buy it.

Moving together with Adobe Stock

0.67	O1KT34	Okta Inc	Pair Corr
0.64	A1IV34	Apartment Investment and	Pair Corr

Moving against Adobe Stock

0.59	RPAD3	Alfa Holdings SA	Pair Corr
0.54	RPAD6	Alfa Holdings SA	Pair Corr
0.44	LWSA3	Locaweb Servios de	Pair Corr

Related Correlations Analysis

	LUPA3	D1EL34	T1TW34	A1LG34	A2RW34	BAIQ39	BROF11
LUPA3		-0.39	-0.56	-0.6	0.35	-0.6	0.15	LUPA3
D1EL34	-0.39		0.79	0.13	-0.61	0.81	0.3	D1EL34
T1TW34	-0.56	0.79		0.49	-0.68	0.9	0.05	T1TW34
A1LG34	-0.6	0.13	0.49		-0.42	0.45	-0.32	A1LG34
A2RW34	0.35	-0.61	-0.68	-0.42		-0.51	-0.37	A2RW34
BAIQ39	-0.6	0.81	0.9	0.45	-0.51		-0.1	BAIQ39
BROF11	0.15	0.3	0.05	-0.32	-0.37	-0.1		BROF11
	LUPA3	D1EL34	T1TW34	A1LG34	A2RW34	BAIQ39	BROF11

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BAIQ39	+ 0.9	T1TW34
BAIQ39	+ 0.81	D1EL34
T1TW34	+ 0.79	D1EL34
A1LG34	+ 0.49	T1TW34
BAIQ39	+ 0.45	A1LG34
A2RW34	+ 0.35	LUPA3

High negative correlations

A2RW34	- 0.68	T1TW34
A2RW34	- 0.61	D1EL34
BAIQ39	- 0.6	LUPA3
A1LG34	- 0.6	LUPA3
T1TW34	- 0.56	LUPA3
BAIQ39	- 0.51	A2RW34

Risk-Adjusted Indicators

There is a big difference between Adobe Stock performing well and Adobe 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 Adobe'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
LUPA3	1.63	(0.19)	0.00	(1.09)	0.00	0.00	3.52	(4.11)	17.30
D1EL34	2.04	0.34	0.08	1.95	2.66	(2.23)	4.99	(4.01)	16.68
T1TW34	1.09	0.34	0.14	(3.56)	1.15	(1.19)	2.48	(1.99)	8.63
A1LG34	0.61	0.10	0.00	1.78	0.84	(3.00)	2.64	(2.02)	10.68
A2RW34	0.29	0.05	(0.05)	(0.25)	0.43	(2.47)	0.46	(0.21)	3.92
BAIQ39	1.03	0.33	0.19	3.94	0.88	(1.20)	2.33	(1.94)	5.21
BROF11	0.87	(0.10)	0.00	(1.14)	0.00	0.00	2.13	(2.09)	5.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Adobe without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Global Markets Map Now

Global Markets Map

Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes

All Next

Launch Module

Adobe Corporate Management

Elected by the shareholders, the Adobe's board of directors comprises two types of representatives: Adobe inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adobe. The board's role is to monitor Adobe's management team and ensure that shareholders' interests are well served. Adobe's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Adobe's outside directors are responsible for providing unbiased perspectives on the board's policies.

Shantanu Narayen	Chairman CEO	Profile
Ann Lewnes	Chief Devel	Profile
Mark Garfield	Chief VP	Profile
Anil Chakravarthy	Pres Bus	Profile
Daniel Durn	Technology Fin	Profile
Cynthia Stoddard	VP Officer	Profile
John Warnock	CoFounder Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC