Snowflake Correlations
| SNOW Stock | USD 155.96 1.60 1.04% |
The current 90-days correlation between Snowflake and Workday is 0.45 (i.e., Very weak diversification). The correlation of Snowflake 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.
Snowflake Correlation With Market
Weak diversification
The correlation between Snowflake and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snowflake and DJI in the same portfolio, assuming nothing else is changed.
Snowflake |
Moving together with Snowflake Stock
| 0.86 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.65 | DV | DoubleVerify Holdings | PairCorr |
| 0.64 | DSGX | Descartes Systems | PairCorr |
| 0.79 | DUOL | Duolingo | PairCorr |
| 0.63 | VTEX | VTEX | PairCorr |
| 0.65 | EGHT | 8x8 Common Stock | PairCorr |
| 0.91 | ESTC | Elastic NV | PairCorr |
| 0.61 | ADP | Automatic Data Processing | PairCorr |
| 0.78 | APP | Applovin Corp | PairCorr |
Moving against Snowflake Stock
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 Snowflake Stock performing well and Snowflake 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 Snowflake'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AI | 3.32 | (0.77) | 0.00 | (0.75) | 0.00 | 5.97 | 19.50 | |||
| SHOP | 2.47 | (0.07) | 0.00 | (0.14) | 0.00 | 4.57 | 16.75 | |||
| WDAY | 1.59 | (0.02) | 0.00 | (0.12) | 0.00 | 2.93 | 10.21 | |||
| INTU | 1.50 | (0.04) | 0.00 | (0.17) | 0.00 | 3.01 | 17.47 | |||
| ZM | 1.37 | (0.09) | 0.00 | (0.24) | 0.00 | 2.54 | 16.58 | |||
| CRM | 1.42 | (0.23) | 0.00 | (0.30) | 0.00 | 2.72 | 8.88 | |||
| TTD | 2.56 | (1.20) | 0.00 | (2.89) | 0.00 | 3.49 | 37.45 | |||
| NOW | 1.79 | (0.32) | 0.00 | (0.35) | 0.00 | 2.61 | 14.05 | |||
| ADSK | 1.22 | (0.14) | 0.00 | (0.24) | 0.00 | 2.09 | 8.00 |
Snowflake Corporate Management
| Marcin Zukowski | CoFounder Engineering | Profile | |
| Brad Burns | Chief Officer | Profile | |
| Muralidhar | Chief Officer | Profile | |
| Tyler Prince | Senior Channels | Profile | |
| Sylvia Pagan | Chief Officer | Profile | |
| Thierry Cruanes | CoFounder CTO | Profile |