SolarWinds Corp Correlations

SWI Stock

USD 18.40 0.02 0.11%

The current 90-days correlation between SolarWinds Corp and Global Blue Group is 0.11 (i.e., Average diversification). The correlation of SolarWinds Corp 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.

SolarWinds Corp Correlation With Market

Significant diversification

The correlation between SolarWinds Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SolarWinds Corp 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 SolarWinds Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more detail on how to invest in SolarWinds Stock please use our How to Invest in SolarWinds Corp guide.

Moving together with SolarWinds Stock

0.68	BB	BlackBerry	Pair Corr
0.77	JG	Aurora Mobile	Pair Corr
0.91	VRSN	VeriSign	Pair Corr
0.73	DOX	Amdocs Sell-off Trend	Pair Corr
0.65	FTNT	Fortinet	Pair Corr
0.71	PGY	Pagaya Technologies	Pair Corr

Moving against SolarWinds Stock

0.71	VRNS	Varonis Systems	Pair Corr
0.7	FLYW	Flywire Corp	Pair Corr
0.66	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.65	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.63	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.62	VRAR	Glimpse Group Tech Boost	Pair Corr
0.59	FMTO	Femto Technologies Symbol Change	Pair Corr
0.53	FIVN	Five9 Inc	Pair Corr
0.5	DBX	Dropbox	Pair Corr
0.49	S	SentinelOne	Pair Corr
0.47	EVCM	EverCommerce	Pair Corr
0.45	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.38	FOUR	Shift4 Payments	Pair Corr
0.89	TDC	Teradata Corp	Pair Corr
0.88	RPD	Rapid7 Inc	Pair Corr
0.88	SOS	SOS Limited	Pair Corr
0.87	WEX	Wex Inc	Pair Corr
0.77	XYZ	Block, Inc Symbol Change	Pair Corr
0.74	GDDY	Godaddy	Pair Corr
0.68	WIX	WixCom	Pair Corr
0.52	GCT	GigaCloud Technology	Pair Corr
0.49	TLS	Telos Corp	Pair Corr

Related Correlations Analysis

	GB	CCSI	ESMT	CSGS	RDWR	STER	SCWX	EVTC	BASE	FLYW
GB		-0.22	0.0	0.01	-0.6	0.0	-0.19	0.09	-0.18	-0.44	GB
CCSI	-0.22		0.0	0.49	0.47	0.0	-0.13	-0.42	0.79	0.28	CCSI
ESMT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESMT
CSGS	0.01	0.49	0.0		0.32	0.0	-0.77	0.3	0.44	-0.51	CSGS
RDWR	-0.6	0.47	0.0	0.32		0.0	-0.18	-0.09	0.46	0.37	RDWR
STER	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	STER
SCWX	-0.19	-0.13	0.0	-0.77	-0.18	0.0		-0.42	-0.3	0.58	SCWX
EVTC	0.09	-0.42	0.0	0.3	-0.09	0.0	-0.42		-0.42	-0.75	EVTC
BASE	-0.18	0.79	0.0	0.44	0.46	0.0	-0.3	-0.42		0.35	BASE
FLYW	-0.44	0.28	0.0	-0.51	0.37	0.0	0.58	-0.75	0.35		FLYW
	GB	CCSI	ESMT	CSGS	RDWR	STER	SCWX	EVTC	BASE	FLYW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BASE	+ 0.79	CCSI
FLYW	+ 0.58	SCWX
CSGS	+ 0.49	CCSI
RDWR	+ 0.47	CCSI
BASE	+ 0.46	RDWR
BASE	+ 0.44	CSGS

High negative correlations

SCWX	- 0.77	CSGS
FLYW	- 0.75	EVTC
RDWR	- 0.6	GB
FLYW	- 0.51	CSGS
FLYW	- 0.44	GB
BASE	- 0.42	EVTC

Risk-Adjusted Indicators

There is a big difference between SolarWinds Stock performing well and SolarWinds Corp 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 SolarWinds Corp'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
GB	1.78	0.34	0.17	3.63	1.74	(2.15)	3.86	(3.54)	18.44
CCSI	1.98	0.10	0.02	0.00	3.00	(1.83)	4.01	(4.06)	20.81
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSGS	1.25	0.23	0.15	0.20	1.43	(1.29)	2.82	(2.16)	8.74
RDWR	1.43	(0.02)	0.00	(0.11)	0.00	0.00	2.47	(2.91)	8.46
STER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCWX	0.08	0.01	0.00	0.65	0.00	0.00	0.24	(0.24)	0.36
EVTC	1.25	0.13	0.11	0.16	1.33	(1.57)	2.06	(1.85)	18.49
BASE	2.28	(0.07)	0.00	(0.13)	0.00	0.00	3.91	(5.02)	22.01
FLYW	2.75	(0.79)	0.00	(0.72)	0.00	0.00	4.49	(5.74)	44.16

SolarWinds Corp Corporate Management

Jason JD	Chief VP	Profile
Cullen Childress	Senior Product	Profile
Catherine Kinney	Lead Independent Director	Profile
Kenneth Hao	Independent Director	Profile
Cathleen Benko	Independent Director	Profile
Ashley Hook	Investor Manager	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