Atlassian Corp Correlations
| TEAM Stock | USD 199.32 2.18 1.08% |
The current 90-days correlation between Atlassian Corp Plc and ANSYS Inc is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlassian Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlassian Corp Plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Atlassian Corp Correlation With Market
Poor diversification
The correlation between Atlassian Corp Plc and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atlassian Corp Plc and DJI in the same portfolio, assuming nothing else is changed.
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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
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Risk-Adjusted Indicators
There is a big difference between Atlassian Stock performing well and Atlassian Corp 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 Atlassian Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BL | 1.62 | 0.25 | 0.10 | 3.73 | 1.82 | 4.52 | 11.92 | |||
| ANSS | 1.21 | 0.14 | 0.03 | (2.40) | 2.11 | 2.59 | 13.99 | |||
| LAW | 2.12 | 0.00 | 0.00 | 0.05 | 0.00 | 3.71 | 14.51 | |||
| GWRE | 1.74 | 0.66 | 0.31 | (6.45) | 1.35 | 3.65 | 18.60 | |||
| EXFY | 2.96 | (0.51) | 0.00 | (0.32) | 0.00 | 4.42 | 33.81 | |||
| CWAN | 1.80 | (0.33) | 0.00 | (0.22) | 0.00 | 2.74 | 15.52 | |||
| CXM | 2.30 | 0.13 | 0.02 | (0.90) | 2.68 | 4.88 | 25.21 | |||
| ALKT | 1.96 | 0.29 | 0.09 | (4.77) | 2.20 | 4.46 | 13.59 | |||
| VERX | 1.82 | 0.32 | 0.11 | (0.87) | 1.99 | 4.14 | 16.09 |
Atlassian Corp Corporate Management
| Avani Prabhakar | Chief Officer | Profile | |
| Tiffany To | Senior Platform | Profile | |
| Erika Fisher | Chief Officer | Profile | |
| Robert Chatwani | Chief Officer | Profile | |
| Gene Liu | Principal Controller | Profile |