Oracle Correlations

ORCL Stock

USD 245.12 2.29 0.94%

The current 90-days correlation between Oracle and Cisco Systems is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oracle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oracle moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oracle Correlation With Market

Modest diversification

The correlation between Oracle and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oracle and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Oracle Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oracle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Oracle Stock please use our How to buy in Oracle Stock guide.

Moving together with Oracle Stock

0.68	BB	BlackBerry	Pair Corr
0.83	JG	Aurora Mobile	Pair Corr
0.87	MQ	Marqeta	Pair Corr
0.85	NN	Nextnav Acquisition Corp	Pair Corr
0.81	ZS	Zscaler	Pair Corr
0.87	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.75	VRNT	Verint Systems	Pair Corr
0.71	FLYW	Flywire Corp	Pair Corr
0.91	FOUR	Shift4 Payments	Pair Corr
0.71	DLO	Dlocal	Pair Corr
0.85	GCT	GigaCloud Technology Tech Boost	Pair Corr
0.82	GEN	Gen Digital	Pair Corr
0.84	GENVR	Gen Digital Contingent	Pair Corr
0.84	MDB	MongoDB Tech Boost	Pair Corr
0.89	NET	Cloudflare Earnings Call This Week	Pair Corr
0.62	ODD	ODDITY Tech	Pair Corr
0.92	PGY	Pagaya Technologies	Pair Corr

Moving against Oracle Stock

0.46	EXOD	Exodus Movement,	Pair Corr
0.42	DTSS	Datasea	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.55	DBX	Dropbox	Pair Corr
0.47	IOT	Samsara	Pair Corr
0.44	FATN	FatPipe, Common Stock	Pair Corr
0.88	XBP	XBP Europe Holdings	Pair Corr
0.78	APCXW	AppTech Payments Corp	Pair Corr
0.66	GDDY	Godaddy Earnings Call This Week	Pair Corr
0.56	PAY	Paymentus Holdings	Pair Corr

Related Correlations Analysis

	ADBE	PANW	CRWD	MSFT	CSCO	IBM	QCOM	DELL	INTC
ADBE		0.3	0.2	0.14	0.11	0.09	0.08	0.11	-0.3	ADBE
PANW	0.3		0.84	0.85	0.84	0.82	0.75	0.78	0.54	PANW
CRWD	0.2	0.84		0.86	0.88	0.87	0.76	0.83	0.52	CRWD
MSFT	0.14	0.85	0.86		0.97	0.91	0.8	0.95	0.71	MSFT
CSCO	0.11	0.84	0.88	0.97		0.95	0.85	0.97	0.73	CSCO
IBM	0.09	0.82	0.87	0.91	0.95		0.85	0.89	0.67	IBM
QCOM	0.08	0.75	0.76	0.8	0.85	0.85		0.85	0.74	QCOM
DELL	0.11	0.78	0.83	0.95	0.97	0.89	0.85		0.75	DELL
INTC	-0.3	0.54	0.52	0.71	0.73	0.67	0.74	0.75		INTC
	ADBE	PANW	CRWD	MSFT	CSCO	IBM	QCOM	DELL	INTC

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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

CSCO	+ 0.97	MSFT
DELL	+ 0.97	CSCO
DELL	+ 0.95	MSFT
IBM	+ 0.95	CSCO
IBM	+ 0.91	MSFT
DELL	+ 0.89	IBM

High negative correlations

INTC

- 0.3

ADBE

Risk-Adjusted Indicators

There is a big difference between Oracle Stock performing well and Oracle 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 Oracle'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
ADBE	1.05	(0.13)	(0.06)	0.11	1.75	(1.02)	2.54	(2.82)	8.62
PANW	1.44	0.35	0.02	(0.86)	2.07	(1.44)	2.87	(3.45)	11.38
CRWD	1.81	0.19	0.07	0.45	2.11	(2.05)	3.65	(4.21)	13.11
MSFT	0.82	0.37	0.50	0.77	0.00	(1.04)	2.33	(0.94)	8.85
CSCO	0.83	0.16	0.16	0.44	0.20	(1.05)	2.21	(1.14)	6.40
IBM	1.19	(0.01)	(0.03)	0.22	1.83	(1.16)	1.98	(1.36)	8.56
QCOM	1.32	(0.01)	0.01	0.22	1.77	(1.41)	3.41	(2.51)	13.73
DELL	1.76	0.41	0.31	0.55	0.96	(2.21)	5.88	(2.15)	11.42
INTC	2.16	(0.08)	0.03	0.18	2.43	(2.41)	5.54	(4.25)	14.15

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