Snowflake Correlations

SNOW Stock  USD 208.18  3.10  1.47%   
The current 90-days correlation between Snowflake and Workday is -0.12 (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

Poor diversification

The correlation between Snowflake and DJI is 0.74 (i.e., Poor 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.

Moving together with Snowflake Stock

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  0.81DJCO Daily Journal CorpPairCorr
  0.92BL BlacklinePairCorr
  0.9DT Dynatrace Holdings LLCPairCorr
  0.79EB Eventbrite Class APairCorr
  0.78ZM Zoom Video CommunicationsPairCorr
  0.9DOMO Domo IncPairCorr
  0.86VERB Verb TechnologyPairCorr
  0.63DSGX Descartes SystemsPairCorr
  0.81DUOL DuolingoPairCorr
  0.84DUOT Duos TechnologiesPairCorr
  0.94VTEX VTEXPairCorr
  0.79EGAN eGainPairCorr
  0.85ETWO E2open Parent HoldingsPairCorr
  0.86ANY Sphere 3D CorpPairCorr
  0.92APP Applovin CorpPairCorr
  0.85BMR Beamr ImagingPairCorr
  0.9BSY Bentley SystemsPairCorr

Moving against Snowflake Stock

  0.79WETO Webus InternationalPairCorr
  0.78QH QuhuoPairCorr
  0.76WFCF Where Food ComesPairCorr
  0.53VMEO Vimeo IncPairCorr
  0.38WALD Waldencast AcquisitionPairCorr
  0.31KC Kingsoft Cloud HoldingsPairCorr
  0.69EXFY ExpensifyPairCorr
  0.58CXAIW CXApp IncPairCorr
  0.53FRGT Freight TechnologiesPairCorr
  0.43XHLD TEN Holdings, CommonPairCorr
  0.42WALDW Waldencast AcquisitionPairCorr

Related Correlations Analysis

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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.

Snowflake Corporate Management

Marcin ZukowskiCoFounder EngineeringProfile
Brad BurnsChief OfficerProfile
MuralidharChief OfficerProfile
Mike BlandinaChief OfficerProfile
Tyler PrinceSenior ChannelsProfile
Sylvia PaganChief OfficerProfile