SAP SE Correlations
| SAPA Stock | EUR 244.00 4.00 1.67% |
The current 90-days correlation between SAP SE and ANTA Sports Products is -0.12 (i.e., Good diversification). The correlation of SAP SE 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.
SAP SE Correlation With Market
Modest diversification
The correlation between SAP SE and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAP SE and DJI in the same portfolio, assuming nothing else is changed.
SAP |
The ability to find closely correlated positions to SAP SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAP SE 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 SAP SE - 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 SAP SE to buy it.
Moving together with SAP Stock
| 0.98 | SAP | SAP SE | PairCorr |
| 0.84 | UT8 | Uber Technologies | PairCorr |
| 0.68 | 5Q5 | Snowflake | PairCorr |
| 0.79 | ECHA | Ecopetrol SA | PairCorr |
| 0.63 | DPU | DUNDEE PRECIOUS MET | PairCorr |
| 0.76 | 7WO0 | ARCADIUM LITHIUM PLC | PairCorr |
| 0.69 | DTEA | Deutsche Telekom | PairCorr |
| 0.65 | NST | STEULER FLIESENGRUPPE | PairCorr |
| 0.73 | C6TB | CHINA BANK ADR20 | PairCorr |
Moving against SAP Stock
| 0.49 | TCID | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.41 | TCID | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.35 | TT8 | Trade Desk | PairCorr |
| 0.35 | TCID | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.57 | YM4 | RAIDEN RES LTD | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SAP Stock performing well and SAP SE 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 SAP SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AS7 | 1.86 | 0.34 | 0.21 | 1.58 | 1.75 | 4.32 | 13.60 | |||
| CE1 | 1.40 | (0.21) | 0.00 | 1.38 | 0.00 | 2.43 | 9.14 | |||
| CUW | 1.27 | (0.16) | 0.00 | (0.63) | 0.00 | 3.09 | 12.72 | |||
| I8M | 1.50 | 0.17 | 0.13 | 0.85 | 1.78 | 3.02 | 9.11 | |||
| FUY | 0.98 | (0.03) | 0.00 | 0.62 | 0.00 | 1.83 | 5.39 | |||
| CEK | 2.59 | 0.60 | 0.16 | 0.74 | 3.08 | 6.50 | 28.29 | |||
| SCG | 1.57 | (0.55) | 0.00 | (1.32) | 0.00 | 1.37 | 35.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SAP SE 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?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
SAP SE Corporate Management
Elected by the shareholders, the SAP SE's board of directors comprises two types of representatives: SAP SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAP. The board's role is to monitor SAP SE's management team and ensure that shareholders' interests are well served. SAP SE'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, SAP SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sabine Bendiek | Labor Officer | Profile | |
| Hasso Plattner | CoFounder Board | Profile | |
| Juergen Mller | CTO Board | Profile | |
| Scott Russell | Head Board | Profile | |
| Luka Mucic | CFO Board | Profile | |
| Julia White | Chief Board | Profile | |
| Christian Klein | CEO Board | Profile |