MicroStrategy Incorporated Correlations

MSTR Stock

USD 173.71 2.80 1.64%

The correlation of MicroStrategy Incorporated 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.

MicroStrategy Incorporated Correlation With Market

Average diversification

The correlation between MicroStrategy Incorporated and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MicroStrategy Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MicroStrategy Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroStrategy Incorporated. 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.

To learn how to invest in MicroStrategy Stock, please use our How to Invest in MicroStrategy Incorporated guide.

Moving together with MicroStrategy Stock

0.84	BSY	Bentley Systems	Pair Corr
0.72	PTC	PTC Inc Sell-off Trend	Pair Corr
0.74	SAP	SAP SE ADR	Pair Corr
0.83	TTD	Trade Desk	Pair Corr
0.68	TYL	Tyler Technologies	Pair Corr
0.74	GWRE	Guidewire Software	Pair Corr
0.78	FNMFO	Federal National Mortgage	Pair Corr

Moving against MicroStrategy Stock

0.68	DBD	Diebold Nixdorf	Pair Corr
0.49	SSNC	SSC Technologies Holdings	Pair Corr
0.49	KB	KB Financial Group	Pair Corr
0.34	SHG	Shinhan Financial	Pair Corr
0.33	MQ	Marqeta	Pair Corr
0.68	WSFS	WSFS Financial	Pair Corr
0.65	NMIH	NMI Holdings	Pair Corr
0.63	BCH	Banco De Chile	Pair Corr
0.59	ATI	Allegheny Technologies	Pair Corr
0.58	WF	Woori Financial Group	Pair Corr
0.55	ACR-PC	ACRES Commercial Realty	Pair Corr
0.53	ACN	Accenture plc	Pair Corr
0.34	F	Ford Motor	Pair Corr
0.33	ASXSF	Elysee Development Corp	Pair Corr
0.32	SANM	Sanmina Tech Boost	Pair Corr

Related Correlations Analysis

	ADSK	WDAY	CDNS	GLW	SNOW	FTNT	SNPS	TEL	INFY	DDOG
ADSK		0.53	0.4	-0.1	0.46	0.62	-0.36	-0.06	-0.36	0.37	ADSK
WDAY	0.53		0.45	-0.29	0.68	0.8	-0.38	0.29	-0.23	0.59	WDAY
CDNS	0.4	0.45		0.39	0.28	0.71	0.27	0.52	-0.18	0.05	CDNS
GLW	-0.1	-0.29	0.39		-0.4	-0.08	0.53	0.31	0.12	-0.43	GLW
SNOW	0.46	0.68	0.28	-0.4		0.62	-0.59	0.4	-0.54	0.79	SNOW
FTNT	0.62	0.8	0.71	-0.08	0.62		-0.2	0.44	-0.2	0.44	FTNT
SNPS	-0.36	-0.38	0.27	0.53	-0.59	-0.2		0.05	0.57	-0.75	SNPS
TEL	-0.06	0.29	0.52	0.31	0.4	0.44	0.05		-0.08	0.38	TEL
INFY	-0.36	-0.23	-0.18	0.12	-0.54	-0.2	0.57	-0.08		-0.41	INFY
DDOG	0.37	0.59	0.05	-0.43	0.79	0.44	-0.75	0.38	-0.41		DDOG
	ADSK	WDAY	CDNS	GLW	SNOW	FTNT	SNPS	TEL	INFY	DDOG

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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

FTNT	+ 0.8	WDAY
DDOG	+ 0.79	SNOW
FTNT	+ 0.71	CDNS
SNOW	+ 0.68	WDAY
FTNT	+ 0.62	ADSK
FTNT	+ 0.62	SNOW

High negative correlations

DDOG	- 0.75	SNPS
SNPS	- 0.59	SNOW
INFY	- 0.54	SNOW
DDOG	- 0.43	GLW
DDOG	- 0.41	INFY
SNOW	- 0.4	GLW

Risk-Adjusted Indicators

There is a big difference between MicroStrategy Stock performing well and MicroStrategy Incorporated 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 MicroStrategy Incorporated'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
ADSK	1.08	(0.29)	0.00	(0.28)	0.00	0.00	1.58	(3.14)	8.22
WDAY	1.41	(0.47)	0.00	(0.54)	0.00	0.00	3.03	(4.02)	11.69
CDNS	1.28	(0.12)	0.00	(0.08)	0.00	0.00	2.67	(2.96)	9.36
GLW	1.83	0.05	0.03	0.13	2.71	(1.86)	3.60	(3.29)	12.43
SNOW	1.91	(0.34)	0.00	(0.17)	0.00	0.00	3.44	(4.34)	16.09
FTNT	1.28	(0.25)	0.00	(0.25)	0.00	0.00	2.01	(2.63)	8.99
SNPS	1.60	0.13	0.06	0.20	2.11	(1.59)	3.78	(3.17)	9.95
TEL	1.18	0.02	0.02	0.11	2.13	(1.18)	2.20	(2.61)	9.90
INFY	1.63	0.18	0.08	0.43	1.56	(2.01)	3.57	(2.59)	13.18
DDOG	1.85	(0.38)	0.00	17.11	0.00	0.00	3.17	(3.52)	32.62

MicroStrategy Incorporated Corporate Management

Jeanine Montgomery	Senior Officer	Profile
Vasant Paranjpe	Senior Engineer	Profile
Hugh Owen	Ex Officer	Profile
Carla Fitzgerald	Executive Officer	Profile

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