CLOUDFLARE INC Correlations

Stocks . Germany . 
Stock . CLOUDFLARE INC A
8CF Stock  EUR 109.08  4.78  4.58%   
The current 90-days correlation between CLOUDFLARE INC A and Apple Inc is 0.05 (i.e., Significant diversification). The correlation of CLOUDFLARE INC 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.

CLOUDFLARE INC Correlation With Market

Significant diversification

The correlation between CLOUDFLARE INC A and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLOUDFLARE INC A and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CLOUDFLARE INC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CLOUDFLARE INC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CLOUDFLARE INC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CLOUDFLARE INC A to buy it.

Moving together with CLOUDFLARE Stock

  0.95APC Apple IncPairCorr
  0.95APC Apple IncPairCorr
  0.95APC Apple IncPairCorr
  0.95APC Apple IncPairCorr
  0.95APC Apple IncPairCorr
  0.95APC Apple IncPairCorr
  0.9MSF MicrosoftPairCorr
  0.9MSF MicrosoftPairCorr
  0.9MSF MicrosoftPairCorr
  0.89MSF MicrosoftPairCorr
  0.76WX7 Corporate Office ProPairCorr
  0.850XHR Xenia Hotels ResortsPairCorr
  0.862CDA Controladora Vuela CompaaPairCorr
  0.71TSFA Taiwan SemiconductorPairCorr
  0.82EN3 EnbridgePairCorr
  0.81WD5A TRAVEL LEISURE DLPairCorr
  0.812T9A TRAINLINE PLC LSPairCorr
  0.66KOMA KOMATSU LTD SPONSPairCorr
  0.9MSF MicrosoftPairCorr
  0.72FFH Fifth Third BancorpPairCorr
  0.85LIE Sun Life FinancialPairCorr
  0.76C6TB CHINA BANK ADR20PairCorr
  0.91AZ5 AutoZonePairCorr

Moving against CLOUDFLARE Stock

  0.76SSU Samsung ElectronicsPairCorr
  0.76SSU Samsung ElectronicsPairCorr
  0.74SSUN Samsung ElectronicsPairCorr
  0.73SSUN Samsung ElectronicsPairCorr
  0.58TCID Telkom Indonesia TbkPairCorr
  0.58TCID Telkom Indonesia TbkPairCorr
  0.55PTI Perusahaan PerseroanPairCorr
  0.51TCID Telkom Indonesia TbkPairCorr
  0.76TCID Telkom Indonesia TbkPairCorr
  0.56AXI Atos SEPairCorr
  0.3318V CHINA VANKE TDPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between CLOUDFLARE Stock performing well and CLOUDFLARE INC 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 CLOUDFLARE INC'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.84  0.26  0.19  0.93  0.98 
(0.92)
 1.88 
(1.73)
 5.24 
APC  0.85  0.23  0.19  0.68  0.86 
(0.94)
 2.06 
(1.76)
 4.50 
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 2.04 
(1.49)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in CLOUDFLARE INC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Valuation Now

   

Equity Valuation

Check real value of public entities based on technical and fundamental data
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY