Snowflake Correlations
SNOW Stock | USD 211.38 2.77 1.33% |
The current 90-days correlation between Snowflake and Workday is -0.16 (i.e., Good diversification). The correlation of Snowflake 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.
Snowflake Correlation With Market
Significant diversification
The correlation between Snowflake and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snowflake and DJI in the same portfolio, assuming nothing else is changed.
Snowflake | Build AI portfolio with Snowflake Stock |
Moving together with Snowflake Stock
0.83 | U | Unity Software | PairCorr |
0.85 | DJCO | Daily Journal Corp | PairCorr |
0.93 | BL | Blackline | PairCorr |
0.89 | DT | Dynatrace Holdings LLC | PairCorr |
0.78 | EB | Eventbrite Class A | PairCorr |
0.82 | ZM | Zoom Video Communications | PairCorr |
0.9 | DOMO | Domo Inc | PairCorr |
0.92 | VERB | Verb Technology | PairCorr |
0.83 | DUOL | Duolingo | PairCorr |
0.9 | DUOT | Duos Technologies | PairCorr |
0.93 | VTEX | VTEX | PairCorr |
0.94 | EGAN | eGain | PairCorr |
0.96 | ETWO | E2open Parent Holdings | PairCorr |
0.85 | ANY | Sphere 3D Corp | PairCorr |
0.93 | APP | Applovin Corp | PairCorr |
0.87 | BMR | Beamr Imaging Tech Boost | PairCorr |
0.88 | BSY | Bentley Systems | PairCorr |
Moving against Snowflake Stock
0.78 | WETO | Webus International Tech Boost | PairCorr |
0.77 | QH | Quhuo | PairCorr |
0.75 | WFCF | Where Food Comes | PairCorr |
0.64 | VMEO | Vimeo Inc | PairCorr |
0.47 | WALD | Waldencast Acquisition | PairCorr |
0.67 | EXFY | Expensify Earnings Call Today | PairCorr |
0.6 | CXAIW | CXApp Inc | PairCorr |
0.51 | FRGT | Freight Technologies | PairCorr |
0.49 | WALDW | Waldencast Acquisition | PairCorr |
0.38 | FTFT | Future Fintech Group | PairCorr |
0.38 | XHLD | TEN Holdings, Common | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Snowflake Stock performing well and Snowflake 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 Snowflake'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AI | 3.07 | 0.35 | 0.08 | (1.05) | 3.02 | 5.29 | 26.86 | |||
WDAY | 1.60 | 0.01 | 0.00 | 0.06 | 3.06 | 2.95 | 22.47 | |||
INTU | 1.46 | 0.36 | 0.19 | 0.38 | 1.47 | 3.15 | 12.65 | |||
ZM | 1.30 | 0.11 | 0.02 | (0.65) | 1.85 | 2.73 | 11.09 | |||
CRM | 1.65 | (0.11) | 0.00 | (0.03) | 0.00 | 3.02 | 13.13 | |||
TTD | 3.23 | 0.27 | 0.07 | 0.19 | 4.16 | 6.37 | 28.51 | |||
NOW | 2.04 | 0.29 | 0.13 | 0.25 | 2.15 | 4.30 | 18.66 | |||
ADSK | 1.28 | 0.21 | 0.14 | 0.25 | 1.30 | 2.75 | 12.85 |
Snowflake Corporate Management
Marcin Zukowski | CoFounder Engineering | Profile | |
Brad Burns | Chief Officer | Profile | |
Muralidhar | Chief Officer | Profile | |
Mike Blandina | Chief Officer | Profile | |
Tyler Prince | Senior Channels | Profile | |
Sylvia Pagan | Chief Officer | Profile |