Clearwater Analytics Correlations

CWAN Stock

USD 32.21 1.04 3.34%

The current 90-days correlation between Clearwater Analytics and C3 Ai Inc is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clearwater Analytics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearwater Analytics Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Clearwater Analytics Correlation With Market

Average diversification

The correlation between Clearwater Analytics Holdings and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearwater Analytics Holdings 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 Clearwater Analytics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Clearwater Stock

0.89	DJCO	Daily Journal Corp	Pair Corr
0.84	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.88	BL	Blackline	Pair Corr
0.74	EB	Eventbrite Class A	Pair Corr
0.84	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.92	ML	MoneyLion	Pair Corr
0.7	PD	Pagerduty	Pair Corr
0.96	WK	Workiva	Pair Corr
0.92	ZM	Zoom Video Communications	Pair Corr
0.92	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.88	DOMO	Domo Inc	Pair Corr
0.97	VERX	Vertex	Pair Corr
0.96	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.84	DUOL	Duolingo	Pair Corr
0.84	DUOT	Duos Technologies	Pair Corr
0.83	VMEO	Vimeo Inc	Pair Corr
0.95	EGHT	8x8 Common Stock	Pair Corr
0.82	ENFN	Enfusion	Pair Corr

Moving against Clearwater Stock

0.38	DMAN	Innovativ Media Group	Pair Corr
0.61	VTEX	VTEX	Pair Corr
0.61	ELCO	Elcom International	Pair Corr
0.58	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.47	ILLRW	Triller Group Symbol Change	Pair Corr
0.79	EVOL	Evolving Systems	Pair Corr
0.74	XELAP	Exela Technologies	Pair Corr

Related Correlations Analysis

	AI	SHOP	WDAY	INTU	SNOW	TEAM	ADSK	NOW	TTD
AI		0.82	0.41	0.29	0.93	0.82	0.8	0.8	0.79	AI
SHOP	0.82		0.53	0.59	0.8	0.88	0.84	0.89	0.78	SHOP
WDAY	0.41	0.53		0.63	0.5	0.46	0.22	0.29	0.09	WDAY
INTU	0.29	0.59	0.63		0.32	0.58	0.49	0.59	0.4	INTU
SNOW	0.93	0.8	0.5	0.32		0.77	0.7	0.74	0.66	SNOW
TEAM	0.82	0.88	0.46	0.58	0.77		0.92	0.92	0.87	TEAM
ADSK	0.8	0.84	0.22	0.49	0.7	0.92		0.94	0.95	ADSK
NOW	0.8	0.89	0.29	0.59	0.74	0.92	0.94		0.92	NOW
TTD	0.79	0.78	0.09	0.4	0.66	0.87	0.95	0.92		TTD
	AI	SHOP	WDAY	INTU	SNOW	TEAM	ADSK	NOW	TTD

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Risk-Adjusted Indicators

There is a big difference between Clearwater Stock performing well and Clearwater Analytics 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 Clearwater Analytics' 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
AI	2.55	0.54	0.19	0.54	2.33	(2.78)	6.94	(5.04)	26.01
SHOP	1.95	0.53	0.27	0.56	1.57	(2.30)	4.91	(2.68)	26.26
WDAY	1.17	0.06	(0.04)	9.17	1.41	(1.24)	2.45	(1.91)	8.82
INTU	1.26	(0.09)	(0.05)	0.03	1.73	(1.34)	3.34	(2.37)	10.46
SNOW	2.08	0.46	0.27	0.34	1.59	(2.35)	4.20	(3.40)	34.99
TEAM	1.93	0.58	0.38	0.53	1.16	(2.52)	3.90	(2.40)	22.97
ADSK	1.15	0.05	0.04	0.15	1.85	(1.14)	2.46	(2.07)	6.06
NOW	1.40	0.22	0.16	0.31	1.26	(1.70)	3.04	(2.68)	8.12
TTD	1.49	0.21	0.10	0.32	1.76	(1.64)	3.36	(3.12)	12.33

Clearwater Analytics Corporate Management

James Price	Chief Officer	Profile
Sandeep Sahai	CEO Director	Profile
Alphonse JD	Chief Secretary	Profile
Cindy Blendu	Chief Officer	Profile
James Cox	Chief Officer	Profile
Susan Ganeshan	Chief Officer	Profile

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