Splunk Correlations
| SPLKDelisted Stock | USD 103.58 1.63 1.55% |
The current 90-days correlation between Splunk Inc and Old Dominion Freight is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Splunk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Splunk Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Splunk Correlation With Market
Average diversification
The correlation between Splunk Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Splunk Inc and DJI in the same portfolio, assuming nothing else is changed.
Splunk |
Moving together with Splunk Stock
| 0.66 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.84 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.75 | HPQ | HP Inc Earnings Call Tomorrow | PairCorr |
| 0.88 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.64 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.86 | HD | Home Depot | PairCorr |
| 0.86 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.71 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.82 | WMT | Walmart Earnings Call Tomorrow | PairCorr |
Moving against Splunk Stock
| 0.78 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | BCH | Banco De Chile | PairCorr |
| 0.56 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.54 | SHG | Shinhan Financial | PairCorr |
| 0.51 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | WF | Woori Financial Group | PairCorr |
| 0.34 | AVAL | Grupo Aval | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Splunk Stock performing well and Splunk 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 Splunk'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ODFL | 1.62 | (0.03) | 0.02 | 0.08 | 2.21 | 2.68 | 14.35 | |||
| MESA | 2.67 | (0.60) | 0.00 | (1.25) | 0.00 | 4.60 | 28.65 | |||
| BOOT | 1.81 | (0.06) | (0.03) | (0.02) | 3.90 | 2.98 | 29.69 | |||
| COE | 2.56 | 0.20 | 0.03 | 1.38 | 3.21 | 5.43 | 27.73 | |||
| GAP | 1.82 | (0.24) | 0.00 | (0.16) | 0.00 | 3.29 | 10.51 | |||
| MOND | 3.44 | (1.05) | 0.00 | (0.31) | 0.00 | 6.62 | 29.40 | |||
| HAFN | 1.73 | (0.54) | 0.00 | (0.89) | 0.00 | 3.28 | 9.20 | |||
| DLTH | 2.57 | 0.00 | 0.01 | 0.10 | 2.53 | 4.96 | 24.12 |
Splunk Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Splunk stock to make a market-neutral strategy. Peer analysis of Splunk could also be used in its relative valuation, which is a method of valuing Splunk by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Splunk Corporate Management
| Wang Min | Chief Officer | Profile | |
| Declan Morris | Chief Officer | Profile | |
| Ammar Maraqa | Senior Officer | Profile | |
| Scott Morgan | General Counsel | Profile | |
| Claire Hockin | Senior Officer | Profile | |
| Brian Kayman | Chief Officer | Profile | |
| Sharyl Givens | Senior Officer | Profile |
Still Interested in Splunk Inc?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.