Salesforce Correlations

CRM Stock

USD 335.78 10.08 3.09%

The current 90-days correlation between Salesforce and Shopify is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salesforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salesforce moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Salesforce Correlation With Market

Very weak diversification

The correlation between Salesforce and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salesforce and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Salesforce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.

Moving together with Salesforce Stock

0.76	DJCO	Daily Journal Corp	Pair Corr
0.83	AI	C3 Ai Inc Trending	Pair Corr
0.9	AZ	A2Z Smart Technologies	Pair Corr
0.94	BL	Blackline	Pair Corr
0.65	DT	Dynatrace Holdings LLC	Pair Corr
0.83	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.79	ML	MoneyLion	Pair Corr
0.9	WK	Workiva	Pair Corr
0.86	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.96	DOCU	DocuSign	Pair Corr
0.75	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.94	VERX	Vertex	Pair Corr
0.95	DSGX	Descartes Systems	Pair Corr
0.89	DUOL	Duolingo	Pair Corr
0.89	DUOT	Duos Technologies Downward Rally	Pair Corr
0.64	VMEO	Vimeo Inc	Pair Corr
0.88	EGHT	8x8 Common Stock	Pair Corr
0.76	DIDIY	Didi Global ADR	Pair Corr
0.82	ENFN	Enfusion	Pair Corr

Moving against Salesforce Stock

0.6	DMAN	Innovativ Media Group	Pair Corr
0.48	VCSA	Vacasa Inc	Pair Corr
0.73	ELCO	Elcom International	Pair Corr
0.69	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.66	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.43	VTEX	VTEX Potential Growth	Pair Corr
0.34	WBTN	WEBTOON Entertainment	Pair Corr
0.32	EGAN	eGain	Pair Corr

Related Correlations Analysis

	ZM	AI	SHOP	WDAY	INTU	SNOW	TEAM	ADSK	NOW	TTD
ZM		0.66	0.76	0.49	0.51	0.45	0.91	0.85	0.82	0.81	ZM
AI	0.66		0.74	0.13	0.33	0.77	0.8	0.81	0.77	0.78	AI
SHOP	0.76	0.74		0.39	0.59	0.71	0.82	0.8	0.83	0.72	SHOP
WDAY	0.49	0.13	0.39		0.54	0.18	0.39	0.18	0.2	0.05	WDAY
INTU	0.51	0.33	0.59	0.54		0.58	0.54	0.38	0.49	0.31	INTU
SNOW	0.45	0.77	0.71	0.18	0.58		0.66	0.58	0.58	0.56	SNOW
TEAM	0.91	0.8	0.82	0.39	0.54	0.66		0.91	0.89	0.85	TEAM
ADSK	0.85	0.81	0.8	0.18	0.38	0.58	0.91		0.95	0.95	ADSK
NOW	0.82	0.77	0.83	0.2	0.49	0.58	0.89	0.95		0.91	NOW
TTD	0.81	0.78	0.72	0.05	0.31	0.56	0.85	0.95	0.91		TTD
	ZM	AI	SHOP	WDAY	INTU	SNOW	TEAM	ADSK	NOW	TTD

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Risk-Adjusted Indicators

There is a big difference between Salesforce Stock performing well and Salesforce 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 Salesforce'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
ZM	1.46	0.40	0.22	0.70	1.26	(1.65)	2.93	(2.72)	16.91
AI	2.31	0.34	0.13	0.29	2.43	(2.49)	6.75	(5.04)	13.55
SHOP	2.00	0.44	0.22	0.44	1.71	(2.39)	4.91	(2.68)	26.26
WDAY	1.32	0.09	0.06	0.16	1.35	(1.46)	2.45	(1.91)	16.94
INTU	1.23	(0.11)	0.00	(0.03)	0.00	0.00	1.93	(2.37)	9.88
SNOW	1.81	(0.13)	(0.02)	0.00	3.59	(1.54)	3.85	(3.44)	17.08
TEAM	1.96	0.60	0.39	0.50	1.22	(2.69)	3.90	(2.40)	22.97
ADSK	0.98	0.21	0.18	0.26	0.93	(1.07)	2.14	(1.74)	6.06
NOW	1.33	0.21	0.15	0.28	1.22	(1.59)	3.04	(2.24)	8.12
TTD	1.49	0.22	0.10	0.29	1.78	(1.62)	3.36	(3.12)	12.33

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