Adobe Correlations
| ADBE34 Stock | BRL 61.30 1.10 1.83% |
The current 90-days correlation between Adobe Inc and salesforce inc is 0.32 (i.e., Weak diversification). The correlation of Adobe 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.
Adobe Correlation With Market
Good diversification
The correlation between Adobe Inc and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adobe Inc and DJI in the same portfolio, assuming nothing else is changed.
Adobe |
The ability to find closely correlated positions to Adobe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe 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 Adobe - 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 Adobe Inc to buy it.
Moving together with Adobe Stock
Moving against Adobe Stock
| 0.48 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.43 | BRSR5 | Banco do Estado | PairCorr |
| 0.33 | CEAB3 | CA Modas SA | 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
|
Risk-Adjusted Indicators
There is a big difference between Adobe Stock performing well and Adobe 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 Adobe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHCM34 | 1.70 | 0.22 | 0.09 | 0.52 | 1.61 | 4.23 | 17.68 | |||
| E1DU34 | 2.11 | (0.11) | 0.00 | (0.17) | 0.00 | 3.90 | 18.30 | |||
| Z1OM34 | 1.74 | 0.47 | 0.15 | (6.47) | 1.69 | 4.92 | 12.05 | |||
| FIQE3 | 1.45 | (0.07) | (0.04) | 0.00 | 2.31 | 2.64 | 11.45 | |||
| A1IV34 | 1.01 | 0.06 | (0.04) | (0.24) | 1.23 | 2.37 | 9.68 | |||
| SSFO34 | 1.33 | 0.46 | 0.22 | 1.81 | 1.08 | 4.07 | 11.21 | |||
| LEVE3 | 0.86 | (0.22) | 0.00 | (0.52) | 0.00 | 1.96 | 7.84 | |||
| E1XR34 | 1.21 | 0.07 | (0.03) | (0.13) | 1.88 | 2.74 | 12.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adobe 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 Portfolio Diagnostics Now
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings |
| All Next | Launch Module |
Adobe Corporate Management
Elected by the shareholders, the Adobe's board of directors comprises two types of representatives: Adobe inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adobe. The board's role is to monitor Adobe's management team and ensure that shareholders' interests are well served. Adobe's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Adobe's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shantanu Narayen | Chairman CEO | Profile | |
| Ann Lewnes | Chief Devel | Profile | |
| Mark Garfield | Chief VP | Profile | |
| Anil Chakravarthy | Pres Bus | Profile | |
| Daniel Durn | Technology Fin | Profile | |
| Cynthia Stoddard | VP Officer | Profile | |
| John Warnock | CoFounder Director | Profile |