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.
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

  0.83U Unity SoftwarePairCorr
  0.85DJCO Daily Journal CorpPairCorr
  0.93BL BlacklinePairCorr
  0.89DT Dynatrace Holdings LLCPairCorr
  0.78EB Eventbrite Class APairCorr
  0.82ZM Zoom Video CommunicationsPairCorr
  0.9DOMO Domo IncPairCorr
  0.92VERB Verb TechnologyPairCorr
  0.83DUOL DuolingoPairCorr
  0.9DUOT Duos TechnologiesPairCorr
  0.93VTEX VTEXPairCorr
  0.94EGAN eGainPairCorr
  0.96ETWO E2open Parent HoldingsPairCorr
  0.85ANY Sphere 3D CorpPairCorr
  0.93APP Applovin CorpPairCorr
  0.87BMR Beamr Imaging Tech BoostPairCorr
  0.88BSY Bentley SystemsPairCorr

Moving against Snowflake Stock

  0.78WETO Webus International Tech BoostPairCorr
  0.77QH QuhuoPairCorr
  0.75WFCF Where Food ComesPairCorr
  0.64VMEO Vimeo IncPairCorr
  0.47WALD Waldencast AcquisitionPairCorr
  0.67EXFY Expensify Earnings Call TodayPairCorr
  0.6CXAIW CXApp IncPairCorr
  0.51FRGT Freight TechnologiesPairCorr
  0.49WALDW Waldencast AcquisitionPairCorr
  0.38FTFT Future Fintech GroupPairCorr
  0.38XHLD TEN Holdings, CommonPairCorr

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.

Snowflake Corporate Management

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