Fastly Correlations

FSLY Stock

USD 7.12 0.27 3.94%

The current 90-days correlation between Fastly Inc and C3 Ai Inc is 0.38 (i.e., Weak diversification). The correlation of Fastly 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.

Fastly Correlation With Market

Weak diversification

The correlation between Fastly Inc 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 Fastly Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fastly Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastly Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Fastly Stock

0.73	DJCO	Daily Journal Corp	Pair Corr
0.85	BL	Blackline	Pair Corr
0.76	DT	Dynatrace Holdings LLC	Pair Corr
0.62	DV	DoubleVerify Holdings	Pair Corr
0.78	ZM	Zoom Video Communications	Pair Corr
0.61	VERB	Verb Technology	Pair Corr
0.72	DUOL	Duolingo	Pair Corr
0.76	DUOT	Duos Technologies	Pair Corr
0.84	VTEX	VTEX Downward Rally	Pair Corr
0.7	VTSI	VirTra Inc	Pair Corr
0.66	WDAY	Workday	Pair Corr
0.64	ESTC	Elastic NV	Pair Corr
0.68	ETWO	E2open Parent Holdings	Pair Corr
0.69	API	Agora Inc	Pair Corr
0.62	BMR	Beamr Imaging Tech Boost	Pair Corr
0.64	CRM	Salesforce	Pair Corr

Moving against Fastly Stock

0.64	QH	Quhuo Tech Boost	Pair Corr
0.44	YB	Yuanbao American Dep	Pair Corr
0.68	EXFY	Expensify	Pair Corr
0.38	WETO	Webus International Tech Boost	Pair Corr
0.35	VMEO	Vimeo Inc	Pair Corr

Related Correlations Analysis

	TTD	NOW	TEAM	SNOW	U	AI	SHOP	ZM	DDOG	CRM
TTD		0.75	-0.15	0.8	0.63	0.79	0.85	0.53	0.77	0.44	TTD
NOW	0.75		0.24	0.72	0.33	0.64	0.72	0.8	0.62	0.76	NOW
TEAM	-0.15	0.24		-0.32	-0.34	-0.18	-0.19	0.47	-0.29	0.54	TEAM
SNOW	0.8	0.72	-0.32		0.68	0.82	0.87	0.28	0.91	0.2	SNOW
U	0.63	0.33	-0.34	0.68		0.86	0.8	-0.09	0.79	-0.1	U
AI	0.79	0.64	-0.18	0.82	0.86		0.87	0.27	0.84	0.19	AI
SHOP	0.85	0.72	-0.19	0.87	0.8	0.87		0.3	0.92	0.33	SHOP
ZM	0.53	0.8	0.47	0.28	-0.09	0.27	0.3		0.15	0.86	ZM
DDOG	0.77	0.62	-0.29	0.91	0.79	0.84	0.92	0.15		0.2	DDOG
CRM	0.44	0.76	0.54	0.2	-0.1	0.19	0.33	0.86	0.2		CRM
	TTD	NOW	TEAM	SNOW	U	AI	SHOP	ZM	DDOG	CRM

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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

DDOG	+ 0.92	SHOP
DDOG	+ 0.91	SNOW
SHOP	+ 0.87	SNOW
SHOP	+ 0.87	AI
AI	+ 0.86	U
CRM	+ 0.86	ZM

High negative correlations

U	- 0.34	TEAM
SNOW	- 0.32	TEAM
DDOG	- 0.29	TEAM
SHOP	- 0.19	TEAM
AI	- 0.18	TEAM
TEAM	- 0.15	TTD

Risk-Adjusted Indicators

There is a big difference between Fastly Stock performing well and Fastly 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 Fastly'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
TTD	2.31	0.79	0.24	8.24	1.99	(2.54)	6.37	(3.70)	25.09
NOW	1.49	0.13	0.11	0.23	1.33	(1.73)	3.46	(2.43)	19.99
TEAM	2.11	(0.17)	0.00	(0.01)	0.00	0.00	3.98	(5.42)	17.51
SNOW	1.55	0.50	0.29	0.60	0.97	(1.70)	4.41	(2.06)	16.92
U	3.02	0.97	0.34	0.84	2.13	(3.58)	7.62	(5.08)	17.80
AI	2.66	0.39	0.19	0.37	2.22	(3.74)	5.28	(4.06)	26.86
SHOP	2.32	0.41	0.23	0.32	1.89	(2.63)	5.63	(3.86)	18.01
ZM	0.93	(0.02)	(0.06)	0.10	1.15	(0.96)	1.85	(1.79)	7.05
DDOG	1.75	0.58	0.35	0.68	1.19	(2.19)	4.17	(2.24)	19.16
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31

Fastly Corporate Management

Kip Compton	Chief Officer	Profile
Brett Shirk	Chief Revenue Officer	Profile
Peter Alexander	Chief Officer	Profile
Paul Luongo	General Counsel and Senior Vice President Trust	Profile
Charles Meyers	Independent Director	Profile

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