Samsara Correlations

IOT Stock

USD 58.96 2.59 4.59%

The current 90-days correlation between Samsara and Zscaler is 0.53 (i.e., Very weak diversification). The correlation of Samsara 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.

Samsara Correlation With Market

Weak diversification

The correlation between Samsara and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samsara and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Samsara. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Samsara Stock

0.75	S	SentinelOne	Pair Corr
0.86	ZS	Zscaler	Pair Corr
0.8	DOCN	DigitalOcean Holdings Earnings Call Shortly	Pair Corr
0.84	BOX	Box Inc Sell-off Trend	Pair Corr
0.78	MDB	MongoDB	Pair Corr

Moving against Samsara Stock

0.64	VRAR	Glimpse Group	Pair Corr
0.5	GB	Global Blue Group Earnings Call This Week	Pair Corr
0.43	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.41	TDC	Teradata Corp Sell-off Trend	Pair Corr
0.37	HCP	Hashicorp	Pair Corr
0.32	LIDRW	AEye Inc	Pair Corr

Related Correlations Analysis

	ZS	NET	CRWD	PATH	OKTA	PAGS	DAVA	NTNX	SPLK
ZS		0.27	0.44	0.65	0.19	0.82	-0.09	0.82	0.0	ZS
NET	0.27		0.95	0.46	0.93	0.07	0.85	0.23	0.0	NET
CRWD	0.44	0.95		0.54	0.88	0.24	0.77	0.42	0.0	CRWD
PATH	0.65	0.46	0.54		0.51	0.41	0.29	0.39	0.0	PATH
OKTA	0.19	0.93	0.88	0.51		0.01	0.89	0.15	0.0	OKTA
PAGS	0.82	0.07	0.24	0.41	0.01		-0.24	0.89	0.0	PAGS
DAVA	-0.09	0.85	0.77	0.29	0.89	-0.24		-0.09	0.0	DAVA
NTNX	0.82	0.23	0.42	0.39	0.15	0.89	-0.09		0.0	NTNX
SPLK	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SPLK
	ZS	NET	CRWD	PATH	OKTA	PAGS	DAVA	NTNX	SPLK

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

CRWD	+ 0.95	NET
OKTA	+ 0.93	NET
DAVA	+ 0.89	OKTA
NTNX	+ 0.89	PAGS
OKTA	+ 0.88	CRWD
DAVA	+ 0.85	NET

High negative correlations

DAVA	- 0.24	PAGS
NTNX	- 0.09	DAVA
DAVA	- 0.09	ZS
SPLK	- 0.0	NTNX
SPLK	- 0.0	DAVA
SPLK	- 0.0	PAGS

Risk-Adjusted Indicators

There is a big difference between Samsara Stock performing well and Samsara 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 Samsara'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
ZS	1.74	0.14	0.06	0.49	2.19	(1.83)	3.41	(3.37)	12.12
NET	2.31	1.00	0.44	37.73	1.52	(2.74)	5.54	(2.66)	17.73
CRWD	1.92	0.50	0.21	0.52	1.95	(2.13)	4.40	(3.03)	12.72
PATH	2.49	0.23	0.08	0.17	2.86	(2.73)	6.29	(5.10)	15.59
OKTA	1.62	0.35	0.19	0.74	1.62	(1.83)	4.24	(3.01)	10.08
PAGS	2.42	0.02	0.01	0.03	3.14	(2.38)	4.63	(4.82)	13.85
DAVA	1.52	0.41	0.26	1.38	1.25	(1.93)	3.51	(2.73)	12.96
NTNX	1.64	0.02	0.01	0.03	2.12	(1.90)	3.64	(3.62)	10.97
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Samsara Corporate Management

Adam Eltoukhy	Vice President General Counsel, Corporate Secretary	Profile
Jonathan Chadwick	Independent Director	Profile
Robert Stobaugh	Chief Officer	Profile
Marc Andreessen	Independent Director	Profile
Susan Wagner	Independent 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