Adobe Systems Correlations
| ADBE Stock | USD 340.70 0.00 0.00% |
The current 90-days correlation between Adobe Systems and Agilysys is 0.25 (i.e., Modest diversification). The correlation of Adobe Systems 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.
Adobe Systems Correlation With Market
Very weak diversification
The correlation between Adobe Systems Incorporated and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adobe Systems Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Adobe |
Moving together with Adobe Stock
| 0.86 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.74 | DV | DoubleVerify Holdings | PairCorr |
| 0.69 | DSGX | Descartes Systems | PairCorr |
| 0.65 | VMEO | Vimeo Inc | PairCorr |
| 0.63 | VTSI | VirTra Inc Tech Boost | PairCorr |
| 0.8 | EGHT | 8x8 Common Stock | PairCorr |
| 0.75 | WDAY | Workday | PairCorr |
| 0.8 | ESTC | Elastic NV | PairCorr |
| 0.73 | EXFY | Expensify | PairCorr |
| 0.61 | API | Agora Inc | PairCorr |
| 0.66 | APP | Applovin Corp | PairCorr |
| 0.74 | BSY | Bentley Systems | PairCorr |
| 0.69 | CRM | Salesforce | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adobe Stock performing well and Adobe Systems 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 Adobe Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGYS | 2.46 | (0.78) | 0.00 | (0.99) | 0.00 | 3.36 | 23.52 | |||
| ADEA | 2.06 | (0.03) | 0.00 | (0.18) | 0.00 | 2.53 | 31.22 | |||
| PYCR | 0.74 | 0.31 | 0.67 | 3.10 | 0.00 | 0.36 | 26.32 | |||
| PCTY | 1.56 | (0.03) | 0.00 | (0.19) | 0.00 | 2.28 | 8.44 | |||
| CWAN | 1.91 | (0.05) | 0.00 | (0.21) | 0.00 | 3.61 | 17.01 | |||
| WK | 2.12 | (0.52) | 0.00 | (0.64) | 0.00 | 3.72 | 17.19 | |||
| ASUR | 2.32 | 0.16 | 0.00 | (0.01) | 0.00 | 4.04 | 21.20 | |||
| BLKB | 1.32 | (0.19) | 0.00 | (0.71) | 0.00 | 2.30 | 14.16 |
Adobe Systems Corporate Management
| Dana JD | General VP | Profile | |
| Steven Day | SVP Unit | Profile | |
| Shanmugh Natarajan | MD Products | Profile | |
| Tony Ng | Adobe China | Profile |