Confluent Correlations

Stocks . USA . 
Stock . Confluent
CFLT Stock  USD 30.57  0.72  2.30%   
The current 90-days correlation between Confluent and DigitalOcean Holdings is 0.36 (i.e., Weak diversification). The correlation of Confluent 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.

Confluent Correlation With Market

Modest diversification

The correlation between Confluent and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Confluent and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Confluent. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Confluent Stock please use our How to Invest in Confluent guide.

Moving together with Confluent Stock

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  0.95NN Nextnav Acquisition CorpPairCorr
  0.92SQ Block Inc Sell-off TrendPairCorr
  0.79ZS ZscalerPairCorr
  0.62DTSS DataseaPairCorr
  0.83EVCM EverCommercePairCorr
  0.7EVTC EvertecPairCorr
  0.71CETXP Cemtrex PrefPairCorr
  0.85FFIV F5 NetworksPairCorr
  0.88FIVN Five9 IncPairCorr
  0.86FLYW Flywire CorpPairCorr
  0.83FOUR Shift4 PaymentsPairCorr
  0.86DBX DropboxPairCorr
  0.73DLO DlocalPairCorr
  0.92GEN Gen Digital Sell-off TrendPairCorr
  0.86FTNT FortinetPairCorr
  0.68IOT SamsaraPairCorr
  0.86NET CloudflarePairCorr
  0.76ODD ODDITY TechPairCorr
  0.91PAY Paymentus HoldingsPairCorr

Moving against Confluent Stock

  0.77FAAS DigiAsia Corp Symbol ChangePairCorr
  0.64MQ MarqetaPairCorr
  0.58VRNS Varonis SystemsPairCorr
  0.53VRAR Glimpse GroupPairCorr
  0.38VERI VeritonePairCorr

Related Correlations Analysis

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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   
GLBE
+ 0.83
GTLB
GTLB
+ 0.71
DOCS
GLBE
+ 0.68
DOCS
MNDY
+ 0.39
DOCN
MNDY
+ 0.34
GLBE
MNDY
+ 0.3
GTLB
  
High negative correlations   
GTLB
- 0.08
DOCN

Risk-Adjusted Indicators

There is a big difference between Confluent Stock performing well and Confluent 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 Confluent'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.

Confluent Corporate Management

Kong PhanChief OfficerProfile
Melanie VinsonChief OfficerProfile
Shaun ClowesChief OfficerProfile
Colleen McCrearyChief OfficerProfile
Ying LiuChief OfficerProfile
Gunjan AggarwalChief OfficerProfile
Shane XieInvestor OfficerProfile
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