S A P Correlations

SAP Stock

USD 271.44 0.80 0.30%

The current 90-days correlation between SAP SE ADR and Intuit Inc is 0.33 (i.e., Weak diversification). The correlation of S A P 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.

S A P Correlation With Market

Very weak diversification

The correlation between SAP SE ADR and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAP SE ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAP SE ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with SAP Stock

0.65	DT	Dynatrace Holdings LLC	Pair Corr
0.71	DOMO	Domo Inc	Pair Corr
0.8	ENFN	Enfusion	Pair Corr
0.84	ADP	Automatic Data Processing	Pair Corr
0.81	API	Agora Inc	Pair Corr

Moving against SAP Stock

0.81	DJCO	Daily Journal Corp	Pair Corr
0.7	WK	Workiva	Pair Corr
0.69	VERB	VERB TECHNOLOGY PANY Downward Rally	Pair Corr
0.47	VTSI	VirTra Inc	Pair Corr
0.43	AI	C3 Ai Inc	Pair Corr
0.39	BL	Blackline	Pair Corr
0.32	DOCU	DocuSign	Pair Corr
0.78	FRGT	Freight Technologies	Pair Corr
0.71	FICO	Fair Isaac	Pair Corr
0.6	DMN	Damon Common Stock	Pair Corr
0.55	BMR	Beamr Imaging	Pair Corr
0.54	CYN	Cyngn Inc	Pair Corr
0.46	DAY	Dayforce	Pair Corr
0.33	FSLY	Fastly Inc	Pair Corr

Related Correlations Analysis

	TYL	ROP	CDNS	PTC	WDAY	INTU	ZM	NOW	SNOW	CRM
TYL		0.53	0.07	0.03	0.67	-0.1	0.47	0.18	0.76	0.34	TYL
ROP	0.53		-0.62	-0.62	0.08	-0.57	-0.19	-0.63	0.39	-0.45	ROP
CDNS	0.07	-0.62		0.84	0.46	0.45	0.75	0.9	0.32	0.88	CDNS
PTC	0.03	-0.62	0.84		0.47	0.66	0.65	0.9	0.15	0.89	PTC
WDAY	0.67	0.08	0.46	0.47		0.42	0.68	0.56	0.49	0.69	WDAY
INTU	-0.1	-0.57	0.45	0.66	0.42		0.24	0.56	-0.31	0.48	INTU
ZM	0.47	-0.19	0.75	0.65	0.68	0.24		0.71	0.57	0.87	ZM
NOW	0.18	-0.63	0.9	0.9	0.56	0.56	0.71		0.3	0.93	NOW
SNOW	0.76	0.39	0.32	0.15	0.49	-0.31	0.57	0.3		0.44	SNOW
CRM	0.34	-0.45	0.88	0.89	0.69	0.48	0.87	0.93	0.44		CRM
	TYL	ROP	CDNS	PTC	WDAY	INTU	ZM	NOW	SNOW	CRM

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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

CRM	+ 0.93	NOW
NOW	+ 0.9	CDNS
NOW	+ 0.9	PTC
CRM	+ 0.89	PTC
CRM	+ 0.88	CDNS
CRM	+ 0.87	ZM

High negative correlations

NOW	- 0.63	ROP
PTC	- 0.62	ROP
CDNS	- 0.62	ROP
INTU	- 0.57	ROP
CRM	- 0.45	ROP
SNOW	- 0.31	INTU

Risk-Adjusted Indicators

There is a big difference between SAP Stock performing well and S A P 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 S A P'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
TYL	1.31	(0.01)	0.00	(0.11)	0.00	0.00	2.07	(2.76)	9.09
ROP	0.89	0.15	0.14	0.09	1.09	(0.90)	1.87	(1.87)	7.59
CDNS	1.69	(0.16)	0.00	(0.28)	0.00	0.00	2.72	(3.80)	12.93
PTC	1.08	(0.25)	0.00	(0.44)	0.00	0.00	1.72	(2.45)	11.35
WDAY	1.59	(0.02)	0.00	(0.12)	0.00	0.00	2.93	(3.27)	10.21
INTU	1.50	(0.04)	0.00	(0.17)	0.00	0.00	3.01	(2.35)	17.47
ZM	1.37	(0.09)	0.00	(0.24)	0.00	0.00	2.54	(3.30)	16.58
NOW	1.79	(0.32)	0.00	(0.35)	0.00	0.00	2.61	(4.82)	14.05
SNOW	2.09	(0.01)	0.00	(0.10)	0.00	0.00	3.60	(3.93)	19.02
CRM	1.42	(0.23)	0.00	(0.30)	0.00	0.00	2.72	(3.81)	8.88

S A P Corporate Management

Christa VergienKnopf	Independent Member of the Supervisory Board, Employee Representatives	Profile
James Wright	Independent Member of the Supervisory Board, Employee Representatives	Profile
Hernn Mario	Global Officer	Profile
Juergen Mller	CTO Board	Profile
Adaire FoxMartin	Global Customer Operations EMEA, MEE and Greater China, Member of the Executive Board	Profile
Pekka AlaPietila	Independent Member of the Supervisory Board	Profile
Christine Regitz	Independent Member of the Supervisory Board, Employee representative	Profile

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