MicroStrategy Incorporated Correlations

MSTR Stock

USD 134.93 27.94 26.11%

The current 90-days correlation between MicroStrategy Incorporated and Autodesk is 0.18 (i.e., Average diversification). 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

Excellent diversification

The correlation between MicroStrategy Incorporated and DJI is -0.59 (i.e., Excellent 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 poverty.

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

Moving together with MicroStrategy Stock

0.79	DT	Dynatrace Holdings LLC	Pair Corr
0.8	PD	Pagerduty	Pair Corr
0.83	DOMO	Domo Inc	Pair Corr
0.83	ESTC	Elastic NV	Pair Corr
0.64	BMR	Beamr Imaging	Pair Corr
0.88	TTD	Trade Desk	Pair Corr
0.69	HUBS	HubSpot	Pair Corr
0.83	LPSN	LivePerson	Pair Corr
0.87	MNDY	MondayCom Earnings Call Tomorrow	Pair Corr
0.75	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.91	PHUN	Phunware	Pair Corr
0.79	DDOG	Datadog Earnings Call This Week	Pair Corr
0.64	SIGL	Signal Advance	Pair Corr

Moving against MicroStrategy Stock

0.68	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.59	ASUR	Asure Software	Pair Corr
0.91	MRK	Merck Company Aggressive Push	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.66	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.63	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.57	KO	Coca Cola Aggressive Push	Pair Corr
0.55	BA	Boeing	Pair Corr
0.5	CVX	Chevron Corp	Pair Corr
0.49	TRV	The Travelers Companies	Pair Corr
0.42	INTC	Intel Aggressive Push	Pair Corr
0.38	BAC	Bank of America Aggressive Push	Pair Corr
0.32	GLUC	Glucose Health	Pair Corr

Related Correlations Analysis

	ADSK	WDAY	CDNS	GLW	SNOW	FTNT	SNPS	TEL	INFY	DDOG
ADSK		0.93	0.66	-0.78	0.8	0.47	-0.27	0.42	-0.06	0.67	ADSK
WDAY	0.93		0.63	-0.84	0.85	0.4	-0.38	0.49	-0.2	0.74	WDAY
CDNS	0.66	0.63		-0.51	0.54	0.39	0.29	0.67	0.13	0.36	CDNS
GLW	-0.78	-0.84	-0.51		-0.78	-0.05	0.23	-0.29	0.06	-0.59	GLW
SNOW	0.8	0.85	0.54	-0.78		0.39	-0.45	0.53	-0.39	0.87	SNOW
FTNT	0.47	0.4	0.39	-0.05	0.39		-0.34	0.24	-0.37	0.44	FTNT
SNPS	-0.27	-0.38	0.29	0.23	-0.45	-0.34		0.05	0.68	-0.69	SNPS
TEL	0.42	0.49	0.67	-0.29	0.53	0.24	0.05		-0.1	0.45	TEL
INFY	-0.06	-0.2	0.13	0.06	-0.39	-0.37	0.68	-0.1		-0.52	INFY
DDOG	0.67	0.74	0.36	-0.59	0.87	0.44	-0.69	0.45	-0.52		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

WDAY	+ 0.93	ADSK
DDOG	+ 0.87	SNOW
SNOW	+ 0.85	WDAY
SNOW	+ 0.8	ADSK
DDOG	+ 0.74	WDAY
INFY	+ 0.68	SNPS

High negative correlations

GLW	- 0.84	WDAY
SNOW	- 0.78	GLW
GLW	- 0.78	ADSK
DDOG	- 0.69	SNPS
DDOG	- 0.59	GLW
DDOG	- 0.52	INFY

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	1.32	(0.43)	0.00	(0.35)	0.00	0.00	1.68	(4.45)	10.57
WDAY	1.76	(0.63)	0.00	(0.51)	0.00	0.00	3.11	(6.69)	12.27
CDNS	1.48	(0.32)	0.00	(0.24)	0.00	0.00	2.69	(3.29)	12.87
GLW	2.15	0.45	0.16	0.43	2.56	(2.41)	3.95	(4.48)	20.55
SNOW	2.20	(0.84)	0.00	(0.45)	0.00	0.00	3.44	(5.19)	14.85
FTNT	1.46	(0.15)	0.00	(0.08)	0.00	0.00	2.47	(2.70)	7.88
SNPS	1.86	(0.14)	0.00	(0.04)	0.00	0.00	3.80	(5.09)	13.31
TEL	1.51	(0.30)	0.00	(0.13)	0.00	0.00	2.35	(4.07)	9.90
INFY	1.72	0.02	(0.01)	0.11	1.97	(1.95)	4.32	(3.08)	16.01
DDOG	2.41	(0.55)	0.00	(0.63)	0.00	0.00	5.00	(7.61)	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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