Oracle Correlations

ORCL Stock

USD 145.86 3.92 2.76%

The current 90-days correlation between Oracle and Palantir Technologies Class is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oracle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oracle moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oracle Correlation With Market

Very weak diversification

The correlation between Oracle and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oracle and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Oracle Stock

0.83	S	SentinelOne	Pair Corr
0.72	AI	C3 Ai Inc	Pair Corr
0.63	DOCN	DigitalOcean Holdings	Pair Corr
0.69	VERI	Veritone	Pair Corr
0.78	VRNT	Verint Systems	Pair Corr
0.84	FIVN	Five9 Inc	Pair Corr
0.74	FLYW	Flywire Corp	Pair Corr
0.65	BOX	Box Inc	Pair Corr
0.71	DBX	Dropbox	Pair Corr
0.83	DLO	Dlocal	Pair Corr
0.83	IOT	Samsara	Pair Corr
0.83	MDB	MongoDB	Pair Corr
0.64	RPD	Rapid7 Inc	Pair Corr

Moving against Oracle Stock

0.68	EVTC	Evertec	Pair Corr
0.64	MQ	Marqeta	Pair Corr
0.57	VRSN	VeriSign	Pair Corr
0.51	GB	Global Blue Group	Pair Corr
0.62	XNET	Xunlei Ltd Adr	Pair Corr
0.43	DOX	Amdocs	Pair Corr
0.31	XBP	XBP Europe Holdings Tech Boost	Pair Corr

Related Correlations Analysis

	PANW	CRWD	MSFT	SQ	SPLK	ADBE	PLTR	ZS	NET	OKTA
PANW		0.76	0.19	0.0	0.0	0.61	0.7	0.46	0.75	-0.03	PANW
CRWD	0.76		0.21	0.0	0.0	0.5	0.83	0.62	0.89	-0.03	CRWD
MSFT	0.19	0.21		0.0	0.0	0.49	-0.19	-0.35	0.03	-0.72	MSFT
SQ	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SQ
SPLK	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SPLK
ADBE	0.61	0.5	0.49	0.0	0.0		0.33	0.01	0.62	-0.45	ADBE
PLTR	0.7	0.83	-0.19	0.0	0.0	0.33		0.79	0.84	0.33	PLTR
ZS	0.46	0.62	-0.35	0.0	0.0	0.01	0.79		0.61	0.66	ZS
NET	0.75	0.89	0.03	0.0	0.0	0.62	0.84	0.61		0.05	NET
OKTA	-0.03	-0.03	-0.72	0.0	0.0	-0.45	0.33	0.66	0.05		OKTA
	PANW	CRWD	MSFT	SQ	SPLK	ADBE	PLTR	ZS	NET	OKTA

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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

NET	+ 0.89	CRWD
NET	+ 0.84	PLTR
PLTR	+ 0.83	CRWD
ZS	+ 0.79	PLTR
CRWD	+ 0.76	PANW
NET	+ 0.75	PANW

High negative correlations

OKTA	- 0.72	MSFT
OKTA	- 0.45	ADBE
ZS	- 0.35	MSFT
PLTR	- 0.19	MSFT
OKTA	- 0.03	CRWD
OKTA	- 0.03	PANW

Risk-Adjusted Indicators

There is a big difference between Oracle Stock performing well and Oracle 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 Oracle'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
PANW	1.66	(0.12)	0.00	(0.29)	0.00	0.00	3.41	(3.90)	9.81
CRWD	2.57	0.14	0.04	0.04	3.04	(2.82)	5.16	(4.85)	16.73
MSFT	1.14	(0.16)	0.00	(0.22)	0.00	0.00	2.58	(2.14)	10.31
SQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADBE	1.28	(0.16)	0.00	(0.17)	0.00	0.00	2.31	(2.64)	18.02
PLTR	3.97	0.35	0.05	0.09	4.89	(4.09)	7.17	(10.05)	34.72
ZS	1.86	0.22	0.09	0.13	2.25	(1.97)	3.26	(4.06)	13.77
NET	2.59	0.22	0.06	0.10	3.18	(2.67)	3.95	(4.87)	26.62
OKTA	2.19	0.46	0.20	0.46	2.03	(2.52)	4.48	(3.68)	30.71

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