Asana Correlations

ASAN Stock

USD 7.56 0.03 0.40%

The current 90-days correlation between Asana Inc and Blackbaud is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asana Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Asana Correlation With Market

Very good diversification

The correlation between Asana Inc and DJI is -0.49 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asana Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Asana Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asana Inc. 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 Asana Stock

0.91	AI	C3 Ai Inc	Pair Corr
0.78	BB	BlackBerry	Pair Corr
0.71	VRNS	Varonis Systems Tech Boost	Pair Corr
0.76	ANY	Sphere 3D Corp	Pair Corr
0.92	FROG	Jfrog	Pair Corr
0.66	FUBO	Fubotv Inc	Pair Corr
0.88	NOW	ServiceNow	Pair Corr
0.82	PGY	Pagaya Technologies	Pair Corr
0.96	RPD	Rapid7 Inc	Pair Corr
0.63	GTLB	Gitlab Inc Sell-off Trend	Pair Corr
0.67	INTZ	Intrusion	Pair Corr
0.76	IVDA	Iveda Solutions	Pair Corr
0.71	PRO	Prophecy International	Pair Corr
0.85	LSPD	Lightspeed Commerce	Pair Corr
0.86	MSFT	Microsoft Sell-off Trend	Pair Corr
0.95	NABL	N Able Inc Earnings Call This Week	Pair Corr
0.73	ORCL	Oracle Aggressive Push	Pair Corr
0.87	OSPN	OneSpan	Pair Corr
0.71	PANW	Palo Alto Networks	Pair Corr
0.81	PATH	Uipath Inc	Pair Corr
0.9	PLTR	Palantir Technologies	Pair Corr
0.62	PRGS	Progress Software	Pair Corr
0.85	QLYS	Qualys Inc	Pair Corr
0.92	RBRK	Rubrik	Pair Corr

Moving against Asana Stock

0.74	GROV	Virgin Group Acquisition	Pair Corr
0.73	OS	OneStream Class A Sell-off Trend	Pair Corr
0.62	ALLIX	Wallix Group SA	Pair Corr
0.51	ATEN	A10 Network	Pair Corr
0.34	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.32	SSNLF	Samsung Electronics	Pair Corr

Related Correlations Analysis

	KC	PTRN	BLKB	FRSH	DAVE	BRZE	VERX	NCNO	WRD	INTA
KC		0.09	-0.72	-0.64	-0.67	-0.78	-0.6	-0.68	-0.37	-0.72	KC
PTRN	0.09		0.02	0.24	0.19	-0.09	0.39	0.34	-0.24	0.17	PTRN
BLKB	-0.72	0.02		0.87	0.72	0.95	0.82	0.89	0.57	0.95	BLKB
FRSH	-0.64	0.24	0.87		0.55	0.86	0.94	0.93	0.48	0.93	FRSH
DAVE	-0.67	0.19	0.72	0.55		0.72	0.58	0.72	0.49	0.72	DAVE
BRZE	-0.78	-0.09	0.95	0.86	0.72		0.78	0.87	0.52	0.93	BRZE
VERX	-0.6	0.39	0.82	0.94	0.58	0.78		0.95	0.42	0.92	VERX
NCNO	-0.68	0.34	0.89	0.93	0.72	0.87	0.95		0.45	0.96	NCNO
WRD	-0.37	-0.24	0.57	0.48	0.49	0.52	0.42	0.45		0.51	WRD
INTA	-0.72	0.17	0.95	0.93	0.72	0.93	0.92	0.96	0.51		INTA
	KC	PTRN	BLKB	FRSH	DAVE	BRZE	VERX	NCNO	WRD	INTA

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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

INTA	+ 0.96	NCNO
BRZE	+ 0.95	BLKB
INTA	+ 0.95	BLKB
NCNO	+ 0.95	VERX
VERX	+ 0.94	FRSH
NCNO	+ 0.93	FRSH

High negative correlations

BRZE	- 0.78	KC
INTA	- 0.72	KC
BLKB	- 0.72	KC
NCNO	- 0.68	KC
DAVE	- 0.67	KC
FRSH	- 0.64	KC

Risk-Adjusted Indicators

There is a big difference between Asana Stock performing well and Asana 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 Asana'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
KC	3.19	0.37	0.10	0.68	3.05	(3.79)	8.77	(4.71)	29.29
PTRN	3.53	(0.76)	0.00	(0.28)	0.00	0.00	7.93	(10.31)	25.95
BLKB	1.91	(0.31)	0.00	(0.28)	0.00	0.00	2.79	(5.28)	12.40
FRSH	2.34	(0.70)	0.00	(0.53)	0.00	0.00	2.99	(6.67)	22.32
DAVE	3.27	(0.62)	0.00	(0.12)	0.00	0.00	6.01	(8.58)	26.09
BRZE	2.83	(0.71)	0.00	(0.51)	0.00	0.00	3.40	(8.25)	27.69
VERX	2.09	(0.65)	0.00	(0.42)	0.00	0.00	5.04	(4.81)	21.09
NCNO	2.06	(0.78)	0.00	(0.52)	0.00	0.00	4.14	(5.58)	15.71
WRD	2.79	(0.15)	0.00	(0.04)	0.00	0.00	5.19	(5.74)	24.73
INTA	2.48	(0.84)	0.00	(0.66)	0.00	0.00	4.70	(6.24)	18.64

Asana Corporate Management

Alex Hood	Head Product	Profile
Lorrie Norrington	Lead Independent Director	Profile
Eleanor Lacey	General Counsel, Corporate Secretary	Profile
Eleanor Esq	Head Counsel	Profile
Matthew Cohler	Independent Director	Profile

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