S A P Correlations

Stocks . USA . 
Stock . SAP SE ADR
SAP Stock  USD 236.03  1.01  0.43%   
The current 90-days correlation between SAP SE ADR and Paylocity Holdng is -0.02 (i.e., Good diversification). The correlation of S A P 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.

S A P Correlation With Market

Modest diversification

The correlation between SAP SE ADR and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAP SE ADR and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAP SE ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with SAP Stock

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  0.73QH QuhuoPairCorr
  0.65ZI ZoomInfo TechnologiesPairCorr
  0.75DOCU DocuSignPairCorr
  0.69VERX VertexPairCorr
  0.78DSGX Descartes SystemsPairCorr
  0.84DUOL DuolingoPairCorr
  0.83DUOT Duos Technologies Downward RallyPairCorr
  0.61EGHT 8x8 Common StockPairCorr
  0.7DIDIY Didi Global ADRPairCorr
  0.7ENFN EnfusionPairCorr

Moving against SAP Stock

  0.51DMAN Innovativ Media GroupPairCorr
  0.51VCSA Vacasa IncPairCorr
  0.5VERB VERB TECHNOLOGY PANY Tech BoostPairCorr
  0.48EGAN eGainPairCorr
  0.34VTEX VTEX Potential GrowthPairCorr
  0.8EVOL Evolving SystemsPairCorr
  0.75ETWO E2open Parent HoldingsPairCorr
  0.68ELCO Elcom InternationalPairCorr
  0.59EZFL EzFill HoldingsPairCorr
  0.55SBIGW SpringBig HoldingsPairCorr
  0.44XELAP Exela Technologies Earnings Call This WeekPairCorr
  0.43WALDW Waldencast AcquisitionPairCorr
  0.42WBTN WEBTOON EntertainmentPairCorr
  0.42BMR Beamr ImagingPairCorr
  0.41WRNT Warrantee AmericanPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SAP Stock performing well and S A P 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 S A P'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.

S A P Corporate Management

Christa VergienKnopfIndependent Member of the Supervisory Board, Employee RepresentativesProfile
James WrightIndependent Member of the Supervisory Board, Employee RepresentativesProfile
Hernn MarioGlobal OfficerProfile
Juergen MllerCTO BoardProfile
Adaire FoxMartinGlobal Customer Operations EMEA, MEE and Greater China, Member of the Executive BoardProfile
Pekka AlaPietilaIndependent Member of the Supervisory BoardProfile
Christine RegitzIndependent Member of the Supervisory Board, Employee representativeProfile
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