SAP SE Correlations

SAPA Stock

EUR 254.00 2.00 0.78%

The current 90-days correlation between SAP SE and Salesforce is 0.01 (i.e., Significant diversification). The correlation of SAP SE 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.

SAP SE Correlation With Market

Good diversification

The correlation between SAP SE and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAP SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SAP SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAP SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SAP SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SAP SE to buy it.

Moving together with SAP Stock

0.7	FOO	Salesforce	Pair Corr
0.95	SAP	SAP SE Earnings Call This Week	Pair Corr
0.79	4S0	ServiceNow Earnings Call This Week	Pair Corr
0.79	5Q5	Snowflake	Pair Corr
0.69	307	Shopify	Pair Corr
0.68	J2E	Jupiter Energy	Pair Corr
0.67	47M	MedMira	Pair Corr
0.71	CE1	Perdoceo Education	Pair Corr
0.64	CAC1	Casio Computer CoLtd	Pair Corr
0.86	KEL	Kellogg Company	Pair Corr
0.83	SNQB	SANOMA Dusseldorf	Pair Corr
0.89	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.82	IFX	Infineon Technologies	Pair Corr
0.9	NTOA	Nintendo	Pair Corr
0.81	MTX	MTU Aero Engines	Pair Corr
0.75	FTK	flatexDEGIRO AG	Pair Corr
0.69	APC	Apple Inc	Pair Corr
0.73	ESY	Easy Software AG	Pair Corr

Moving against SAP Stock

0.7	UT8	Uber Technologies	Pair Corr
0.37	4ON	HEALTHCARE TRPFD	Pair Corr

Related Correlations Analysis

	FOO	SAP	SAPA	4S0	UT8	5Q5	307	W7D	TT8	3QD
FOO		0.77	0.7	0.93	-0.81	0.86	0.96	0.89	0.73	0.71	FOO
SAP	0.77		0.95	0.81	-0.79	0.78	0.71	0.62	0.52	0.54	SAP
SAPA	0.7	0.95		0.79	-0.7	0.79	0.69	0.57	0.54	0.54	SAPA
4S0	0.93	0.81	0.79		-0.83	0.89	0.91	0.89	0.83	0.71	4S0
UT8	-0.81	-0.79	-0.7	-0.83		-0.66	-0.72	-0.76	-0.54	-0.45	UT8
5Q5	0.86	0.78	0.79	0.89	-0.66		0.88	0.75	0.78	0.86	5Q5
307	0.96	0.71	0.69	0.91	-0.72	0.88		0.87	0.73	0.75	307
W7D	0.89	0.62	0.57	0.89	-0.76	0.75	0.87		0.78	0.62	W7D
TT8	0.73	0.52	0.54	0.83	-0.54	0.78	0.73	0.78		0.66	TT8
3QD	0.71	0.54	0.54	0.71	-0.45	0.86	0.75	0.62	0.66		3QD
	FOO	SAP	SAPA	4S0	UT8	5Q5	307	W7D	TT8	3QD

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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

307	+ 0.96	FOO
SAPA	+ 0.95	SAP
4S0	+ 0.93	FOO
307	+ 0.91	4S0
W7D	+ 0.89	FOO
5Q5	+ 0.89	4S0

High negative correlations

UT8	- 0.83	4S0
UT8	- 0.81	FOO
UT8	- 0.79	SAP
W7D	- 0.76	UT8
307	- 0.72	UT8
UT8	- 0.7	SAPA

Risk-Adjusted Indicators

There is a big difference between SAP Stock performing well and SAP SE 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 SAP SE'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
FOO	1.55	0.31	0.16	(0.27)	1.49	(1.80)	5.65	(2.54)	12.92
SAP	0.95	0.30	0.26	(0.93)	0.72	(1.14)	2.56	(1.47)	5.46
SAPA	1.36	0.32	0.20	(2.75)	1.06	(1.94)	2.91	(2.42)	6.54
4S0	1.28	0.29	0.18	0.43	1.27	(1.39)	3.29	(2.70)	9.81
UT8	2.07	(0.07)	0.00	(0.17)	0.00	0.00	3.33	(4.79)	21.15
5Q5	2.26	0.63	0.26	0.78	1.96	(2.72)	5.18	(3.01)	39.34
307	2.21	0.49	0.20	(0.69)	1.90	(2.53)	4.21	(3.18)	29.93
W7D	1.73	0.14	0.06	0.91	2.02	(2.00)	4.20	(3.39)	12.86
TT8	1.81	0.18	0.09	0.28	1.91	(2.41)	4.49	(3.30)	12.00
3QD	2.08	0.29	0.12	0.63	2.08	(2.44)	6.16	(3.86)	13.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in SAP SE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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SAP SE Corporate Management

Elected by the shareholders, the SAP SE's board of directors comprises two types of representatives: SAP SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAP. The board's role is to monitor SAP SE's management team and ensure that shareholders' interests are well served. SAP SE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SAP SE's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sabine Bendiek	Labor Officer	Profile
Hasso Plattner	CoFounder Board	Profile
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Scott Russell	Head Board	Profile
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Christian Klein	CEO Board	Profile

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