Cloudflare Correlations

NET Stock

USD 169.13 5.53 3.17%

The current 90-days correlation between Cloudflare and Synopsys is 0.35 (i.e., Weak diversification). The correlation of Cloudflare 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.

Cloudflare Correlation With Market

Very good diversification

The correlation between Cloudflare and DJI is -0.47 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cloudflare and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cloudflare Stock

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

For more information on how to buy Cloudflare Stock please use our How to Invest in Cloudflare guide.

Moving together with Cloudflare Stock

0.63	U	Unity Software Aggressive Push	Pair Corr
0.67	BL	Blackline	Pair Corr
0.82	DT	Dynatrace Holdings LLC	Pair Corr
0.62	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.72	MQ	Marqeta Earnings Call This Week	Pair Corr
0.62	PD	Pagerduty	Pair Corr
0.62	WK	Workiva	Pair Corr
0.74	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.61	2TY	PagerDuty	Pair Corr
0.73	DOCU	DocuSign	Pair Corr
0.69	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.68	1Q5	Dropbox	Pair Corr
0.75	VERI	Veritone	Pair Corr
0.68	DSGX	Descartes Systems	Pair Corr
0.64	LY0	Lyft Inc	Pair Corr
0.72	DTCX	Datacentrex Symbol Change	Pair Corr
0.76	0M5	Bill Holdings	Pair Corr

Moving against Cloudflare Stock

0.54	JG	Aurora Mobile	Pair Corr
0.44	XV7	SERESCO 16	Pair Corr
0.7	RNI	OXFORD METRICS LS	Pair Corr
0.53	DSG	Dillistone Group PLC	Pair Corr
0.52	LUS1	Lang Schwarz Aktieng	Pair Corr
0.52	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.5	TRB	Tribal Group plc	Pair Corr
0.67	89P	CLAVISTER HOLDING	Pair Corr

Related Correlations Analysis

	SNPS	CDNS	SNOW	FTNT	NTES	CRWV	MRVL	MSTR	ZS	GLW
SNPS		0.59	0.2	-0.25	0.5	0.25	0.25	0.32	0.05	-0.32	SNPS
CDNS	0.59		0.69	0.15	0.68	-0.13	0.74	0.81	0.6	-0.61	CDNS
SNOW	0.2	0.69		0.05	0.86	-0.57	0.7	0.87	0.92	-0.87	SNOW
FTNT	-0.25	0.15	0.05		-0.12	0.07	0.34	0.0	0.05	0.06	FTNT
NTES	0.5	0.68	0.86	-0.12		-0.5	0.63	0.81	0.8	-0.91	NTES
CRWV	0.25	-0.13	-0.57	0.07	-0.5		-0.27	-0.35	-0.61	0.62	CRWV
MRVL	0.25	0.74	0.7	0.34	0.63	-0.27		0.69	0.54	-0.51	MRVL
MSTR	0.32	0.81	0.87	0.0	0.81	-0.35	0.69		0.86	-0.81	MSTR
ZS	0.05	0.6	0.92	0.05	0.8	-0.61	0.54	0.86		-0.89	ZS
GLW	-0.32	-0.61	-0.87	0.06	-0.91	0.62	-0.51	-0.81	-0.89		GLW
	SNPS	CDNS	SNOW	FTNT	NTES	CRWV	MRVL	MSTR	ZS	GLW

Please upgrade your account to get full access to Macroaxis premium features

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

ZS	+ 0.92	SNOW
MSTR	+ 0.87	SNOW
NTES	+ 0.86	SNOW
ZS	+ 0.86	MSTR
MSTR	+ 0.81	CDNS
MSTR	+ 0.81	NTES

High negative correlations

GLW	- 0.91	NTES
GLW	- 0.89	ZS
GLW	- 0.87	SNOW
GLW	- 0.81	MSTR
ZS	- 0.61	CRWV
GLW	- 0.61	CDNS

Risk-Adjusted Indicators

There is a big difference between Cloudflare Stock performing well and Cloudflare 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 Cloudflare'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
SNPS	2.05	0.01	0.02	0.12	2.85	(1.96)	4.19	(5.09)	13.31
CDNS	1.92	(0.18)	(0.04)	0.00	2.61	(2.06)	4.46	(5.34)	13.16
SNOW	2.61	(0.69)	0.00	(0.25)	0.00	0.00	4.53	(7.70)	16.12
FTNT	1.59	(0.08)	(0.04)	0.03	2.14	(1.59)	2.92	(3.90)	10.68
NTES	1.43	(0.25)	0.00	(0.61)	0.00	0.00	4.20	(3.11)	12.64
CRWV	4.68	0.45	0.12	0.32	4.39	(5.65)	10.77	(8.12)	32.11
MRVL	2.14	(0.12)	(0.01)	0.05	2.56	(2.37)	5.19	(3.97)	15.18
MSTR	3.93	(0.60)	0.00	(0.11)	0.00	0.00	6.63	(7.76)	31.72
ZS	2.24	(0.84)	0.00	(0.76)	0.00	0.00	4.11	(6.26)	16.38
GLW	2.40	0.95	0.33	1.23	2.00	(2.86)	7.32	(3.02)	20.55

Cloudflare Corporate Management

Paul Underwood	Chief Officer	Profile
Lee Holloway	Co-Founder	Profile
Darth SriBear	Systems Reliability Engineer	Profile
John	Chief Officer	Profile
Douglas JD	Chief Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC