S A P Correlations

SAP Stock

USD 204.53 0.79 0.39%

The current 90-days correlation between SAP SE ADR and Shopify is 0.21 (i.e., Modest 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

Very good diversification

The correlation between SAP SE ADR and DJI is -0.48 (i.e., Very good 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.

Build AI portfolio with SAP Stock

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

0.86	U	Unity Software	Pair Corr
0.92	BL	Blackline	Pair Corr
0.91	DT	Dynatrace Holdings LLC Tech Boost	Pair Corr
0.68	DV	DoubleVerify Holdings	Pair Corr
0.88	35U	PAR TECHNOLOGY DL	Pair Corr
0.89	MQ	Marqeta	Pair Corr
0.81	PD	Pagerduty	Pair Corr
0.64	VS	Versus Systems	Pair Corr
0.9	WK	Workiva	Pair Corr
0.75	DMRC	Digimarc	Pair Corr
0.83	RM	RM Plc	Pair Corr
0.78	2TY	PagerDuty	Pair Corr
0.93	DOCU	DocuSign	Pair Corr
0.73	DOMO	Domo Inc	Pair Corr
0.77	1Q5	Dropbox Earnings Call This Week	Pair Corr
0.81	VERI	Veritone	Pair Corr
0.82	VERX	Vertex	Pair Corr
0.89	6NCA	NCINO INC DL	Pair Corr
0.87	DSGX	Descartes Systems	Pair Corr
0.79	LY0	Lyft Inc	Pair Corr
0.77	0M5	Bill Holdings	Pair Corr
0.76	AN5	Alpha Systems	Pair Corr

Moving against SAP Stock

0.75	RNI	OXFORD METRICS LS	Pair Corr
0.73	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.63	JG	Aurora Mobile	Pair Corr
0.54	XV7	SERESCO 16	Pair Corr
0.5	DSG	Dillistone Group PLC	Pair Corr
0.48	TRB	Tribal Group plc	Pair Corr
0.44	ZM	Zoom Video Communications	Pair Corr
0.35	LUS1	Lang Schwarz Aktieng	Pair Corr
0.63	89P	CLAVISTER HOLDING	Pair Corr
0.39	MKQ	Mitek Systems	Pair Corr
0.34	EGHT	8x8 Common Stock	Pair Corr

Related Correlations Analysis

	SHOP	UBER	APP	INTU	MU	NOW	IBM	CSCO	LRCX
SHOP		0.55	0.94	0.89	-0.61	0.75	0.64	-0.53	-0.53	SHOP
UBER	0.55		0.48	0.7	-0.62	0.79	0.61	-0.55	-0.6	UBER
APP	0.94	0.48		0.84	-0.57	0.72	0.63	-0.35	-0.5	APP
INTU	0.89	0.7	0.84		-0.82	0.93	0.6	-0.52	-0.79	INTU
MU	-0.61	-0.62	-0.57	-0.82		-0.9	-0.41	0.32	0.98	MU
NOW	0.75	0.79	0.72	0.93	-0.9		0.56	-0.48	-0.89	NOW
IBM	0.64	0.61	0.63	0.6	-0.41	0.56		-0.19	-0.36	IBM
CSCO	-0.53	-0.55	-0.35	-0.52	0.32	-0.48	-0.19		0.28	CSCO
LRCX	-0.53	-0.6	-0.5	-0.79	0.98	-0.89	-0.36	0.28		LRCX
	SHOP	UBER	APP	INTU	MU	NOW	IBM	CSCO	LRCX

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

LRCX	+ 0.98	MU
APP	+ 0.94	SHOP
NOW	+ 0.93	INTU
INTU	+ 0.89	SHOP
INTU	+ 0.84	APP
NOW	+ 0.79	UBER

High negative correlations

NOW	- 0.9	MU
LRCX	- 0.89	NOW
MU	- 0.82	INTU
LRCX	- 0.79	INTU
MU	- 0.62	UBER
MU	- 0.61	SHOP

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SHOP	2.58	(0.57)	0.00	(0.26)	0.00	0.00	5.33	(6.78)	15.50
UBER	1.50	(0.46)	0.00	(0.90)	0.00	0.00	2.41	(3.82)	11.09
APP	3.84	(0.71)	0.00	(0.42)	0.00	0.00	6.44	(8.66)	32.87
INTU	1.87	(0.77)	0.00	(0.77)	0.00	0.00	2.66	(5.15)	15.22
MU	3.57	0.74	0.19	0.57	3.47	(4.13)	9.94	(5.56)	20.06
NOW	2.10	(0.73)	0.00	(1.28)	0.00	0.00	2.69	(6.97)	13.48
IBM	1.58	(0.31)	0.00	(0.16)	0.00	0.00	2.61	(4.69)	11.62
CSCO	1.31	0.08	0.02	0.17	2.41	(1.40)	3.06	(2.35)	16.94
LRCX	2.78	0.47	0.15	0.30	3.06	(3.05)	7.00	(5.07)	17.49

S A P Corporate Management

Christa VergienKnopf	Independent Member of the Supervisory Board, Employee Representatives	Profile
James Wright	Independent Member of the Supervisory Board, Employee Representatives	Profile
Hernn Mario	Global Officer	Profile
Juergen Mller	CTO Board	Profile
Adaire FoxMartin	Global Customer Operations EMEA, MEE and Greater China, Member of the Executive Board	Profile
Pekka AlaPietila	Independent Member of the Supervisory Board	Profile
Christine Regitz	Independent Member of the Supervisory Board, Employee representative	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