Jfrog Correlations

FROG Stock

USD 34.76 0.60 1.70%

The current 90-days correlation between Jfrog and Fastly Inc is -0.03 (i.e., Good diversification). The correlation of Jfrog 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.

Jfrog Correlation With Market

Average diversification

The correlation between Jfrog and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jfrog and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Jfrog. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Jfrog Stock please use our How to Invest in Jfrog guide.

Moving together with Jfrog Stock

0.65	VERX	Vertex	Pair Corr
0.64	ENFN	Enfusion	Pair Corr

Moving against Jfrog Stock

0.57	DJCO	Daily Journal Corp	Pair Corr
0.47	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.4	QH	Quhuo	Pair Corr
0.74	XELAP	Exela Technologies	Pair Corr
0.62	SBIGW	SpringBig Holdings	Pair Corr
0.48	EVOL	Evolving Systems	Pair Corr
0.4	BSY	Bentley Systems	Pair Corr
0.38	FICO	Fair Isaac	Pair Corr
0.38	CYN	Cyngn Inc	Pair Corr
0.32	ETWO	E2open Parent Holdings	Pair Corr

Related Correlations Analysis

	FSLY	BILL	AYX	ASAN	JAMF	PEGA	PCOR	PWSC	GTLB	MNDY
FSLY		0.53	0.04	0.9	-0.34	0.7	0.76	0.72	0.3	-0.45	FSLY
BILL	0.53		-0.59	0.59	-0.68	0.78	0.84	0.62	0.72	-0.44	BILL
AYX	0.04	-0.59		-0.01	0.15	-0.24	-0.4	0.01	-0.51	-0.12	AYX
ASAN	0.9	0.59	-0.01		-0.51	0.66	0.7	0.74	0.24	-0.55	ASAN
JAMF	-0.34	-0.68	0.15	-0.51		-0.47	-0.5	-0.65	-0.2	0.78	JAMF
PEGA	0.7	0.78	-0.24	0.66	-0.47		0.77	0.86	0.73	-0.46	PEGA
PCOR	0.76	0.84	-0.4	0.7	-0.5	0.77		0.62	0.64	-0.3	PCOR
PWSC	0.72	0.62	0.01	0.74	-0.65	0.86	0.62		0.45	-0.76	PWSC
GTLB	0.3	0.72	-0.51	0.24	-0.2	0.73	0.64	0.45		0.0	GTLB
MNDY	-0.45	-0.44	-0.12	-0.55	0.78	-0.46	-0.3	-0.76	0.0		MNDY
	FSLY	BILL	AYX	ASAN	JAMF	PEGA	PCOR	PWSC	GTLB	MNDY

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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

ASAN	+ 0.9	FSLY
PWSC	+ 0.86	PEGA
PCOR	+ 0.84	BILL
PEGA	+ 0.78	BILL
MNDY	+ 0.78	JAMF
PCOR	+ 0.77	PEGA

High negative correlations

MNDY	- 0.76	PWSC
JAMF	- 0.68	BILL
PWSC	- 0.65	JAMF
AYX	- 0.59	BILL
MNDY	- 0.55	ASAN
JAMF	- 0.51	ASAN

Risk-Adjusted Indicators

There is a big difference between Jfrog Stock performing well and Jfrog 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 Jfrog'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
FSLY	3.61	0.71	0.16	(11.29)	3.43	(4.39)	8.18	(6.39)	26.43
BILL	2.35	0.86	0.36	1.08	1.68	(2.79)	5.81	(3.67)	22.40
AYX	2.97	(0.26)	0.00	0.24	0.00	0.00	4.94	(5.98)	22.16
ASAN	3.91	1.07	0.30	4.93	2.87	(5.17)	9.52	(5.41)	53.68
JAMF	1.56	(0.18)	0.00	(0.32)	0.00	0.00	3.02	(3.29)	11.26
PEGA	1.52	0.41	0.20	0.55	1.72	(1.69)	4.00	(2.83)	11.79
PCOR	1.66	0.37	0.17	3.63	1.52	(1.92)	4.60	(3.04)	11.71
PWSC	0.08	0.02	(0.36)	(1.75)	0.00	(0.11)	0.18	(0.13)	0.71
GTLB	2.34	0.43	0.15	0.91	2.16	(2.77)	6.71	(3.87)	15.66
MNDY	2.88	(0.26)	0.00	(0.14)	0.00	0.00	6.35	(5.63)	21.57

Jfrog Corporate Management

Micheline Nijmeh	Chief Officer	Profile
Keren Massad	Chief Officer	Profile
Eduard Grabscheid	Chief Officer	Profile
Orit Goren	Chief Officer	Profile
Shanti Ariker	Chief Officer	Profile
Tali Notman	Chief Officer	Profile

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