Clearwater Analytics Correlations

CWAN Stock

USD 22.74 0.01 0.04%

The current 90-days correlation between Clearwater Analytics and Paylocity Holdng is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clearwater Analytics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearwater Analytics Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Clearwater Analytics Correlation With Market

Poor diversification

The correlation between Clearwater Analytics Holdings and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearwater Analytics Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Clearwater Stock

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

Moving together with Clearwater Stock

0.77	U	Unity Software Aggressive Push	Pair Corr
0.84	DT	Dynatrace Holdings LLC	Pair Corr
0.7	DV	DoubleVerify Holdings	Pair Corr
0.7	PD	Pagerduty	Pair Corr
0.76	WK	Workiva Earnings Call This Week	Pair Corr
0.79	ZI	ZoomInfo Technologies	Pair Corr
0.62	DOCU	DocuSign	Pair Corr
0.65	VMEO	Vimeo Inc	Pair Corr
0.76	EGHT	8x8 Common Stock	Pair Corr
0.74	WALD	Waldencast Acquisition	Pair Corr
0.61	ENFN	Enfusion	Pair Corr
0.85	WDAY	Workday	Pair Corr
0.84	ESTC	Elastic NV	Pair Corr
0.61	ETWO	E2open Parent Holdings Earnings Call This Week	Pair Corr
0.66	WALDW	Waldencast Acquisition	Pair Corr
0.76	EXFY	Expensify	Pair Corr
0.85	API	Agora Inc Tech Boost	Pair Corr
0.72	APP	Applovin Corp	Pair Corr

Related Correlations Analysis

	PCTY	PWSC	ALKT	MNTV	EXFY	MODN	ENV	PYCR	PCOR	CVT
PCTY		0.0	0.83	0.0	0.83	0.0	0.0	-0.83	0.89	0.0	PCTY
PWSC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PWSC
ALKT	0.83	0.0		0.0	0.7	0.0	0.0	-0.8	0.83	0.0	ALKT
MNTV	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MNTV
EXFY	0.83	0.0	0.7	0.0		0.0	0.0	-0.8	0.79	0.0	EXFY
MODN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MODN
ENV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ENV
PYCR	-0.83	0.0	-0.8	0.0	-0.8	0.0	0.0		-0.87	0.0	PYCR
PCOR	0.89	0.0	0.83	0.0	0.79	0.0	0.0	-0.87		0.0	PCOR
CVT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CVT
	PCTY	PWSC	ALKT	MNTV	EXFY	MODN	ENV	PYCR	PCOR	CVT

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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

PCOR	+ 0.89	PCTY
ALKT	+ 0.83	PCTY
EXFY	+ 0.83	PCTY
PCOR	+ 0.83	ALKT
PCOR	+ 0.79	EXFY
EXFY	+ 0.7	ALKT

High negative correlations

PCOR	- 0.87	PYCR
PYCR	- 0.83	PCTY
PYCR	- 0.8	EXFY
PYCR	- 0.8	ALKT
CVT	- 0.0	PCOR
CVT	- 0.0	PYCR

Risk-Adjusted Indicators

There is a big difference between Clearwater Stock performing well and Clearwater Analytics 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 Clearwater Analytics' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCTY	1.64	(0.07)	0.00	0.57	0.00	2.38	(3.34)	11.23
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALKT	2.17	(0.17)	0.00	(0.26)	0.00	4.46	(4.37)	19.06
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXFY	3.17	(0.12)	0.00	12.69	0.00	5.11	(6.76)	28.83
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYCR	0.10	0.00	1.26	0.00	(0.13)	0.18	(0.18)	1.22
PCOR	2.55	(0.03)	0.00	(0.16)	0.00	4.50	(5.57)	26.53
CVT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Clearwater Analytics Corporate Management

James Price	Chief Officer	Profile
Sandeep Sahai	CEO Director	Profile
Alphonse JD	Chief Secretary	Profile
Cindy Blendu	Chief Officer	Profile
James Cox	Chief Officer	Profile
Susan Ganeshan	Chief Officer	Profile

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