SAP SE Correlations

SAPGF Stock

USD 292.00 1.63 0.56%

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

Average diversification

The correlation between SAP SE and DJI is 0.19 (i.e., Average 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 Pink Sheet

0.98	SAP	SAP SE ADR	Pair Corr
0.75	APP	Applovin Corp Trending	Pair Corr
0.76	TEAM	Atlassian Corp Plc	Pair Corr
0.88	WMT	Walmart Earnings Call Tomorrow	Pair Corr
0.8	AMZN	Amazon Inc Sell-off Trend	Pair Corr
0.74	ACN	Accenture plc	Pair Corr
0.9	VLKAF	Volkswagen AG	Pair Corr
0.87	VWAGY	Volkswagen AG 110	Pair Corr
0.79	VLKPF	Volkswagen AG VZO	Pair Corr
0.86	VWAPY	Volkswagen AG Pref	Pair Corr
0.8	AXP	American Express	Pair Corr
0.76	GE	GE Aerospace	Pair Corr
0.89	MMM	3M Company	Pair Corr
0.78	IBM	International Business	Pair Corr
0.76	BA	Boeing	Pair Corr

Moving against SAP Pink Sheet

0.84	INTU	Intuit Inc Earnings Call Tomorrow	Pair Corr
0.73	HNHPF	Hon Hai Precision	Pair Corr
0.67	MRK	Merck Company	Pair Corr
0.66	HPQ	HP Inc Earnings Call This Week	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.49	TRV	The Travelers Companies	Pair Corr
0.32	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	DPSIP	ROWKF	FMEGF	OONEF	TMSNY	XROLF	SGPYY	EGHSF	LSPKF	RSASF
DPSIP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DPSIP
ROWKF	0.0		0.0	0.93	0.73	-0.03	0.4	-0.84	-0.12	0.25	ROWKF
FMEGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FMEGF
OONEF	0.0	0.93	0.0		0.57	0.01	0.4	-0.83	-0.17	0.16	OONEF
TMSNY	0.0	0.73	0.0	0.57		0.18	0.43	-0.57	0.0	0.31	TMSNY
XROLF	0.0	-0.03	0.0	0.01	0.18		0.46	0.12	-0.43	-0.45	XROLF
SGPYY	0.0	0.4	0.0	0.4	0.43	0.46		-0.36	-0.56	-0.26	SGPYY
EGHSF	0.0	-0.84	0.0	-0.83	-0.57	0.12	-0.36		0.19	-0.16	EGHSF
LSPKF	0.0	-0.12	0.0	-0.17	0.0	-0.43	-0.56	0.19		0.26	LSPKF
RSASF	0.0	0.25	0.0	0.16	0.31	-0.45	-0.26	-0.16	0.26		RSASF
	DPSIP	ROWKF	FMEGF	OONEF	TMSNY	XROLF	SGPYY	EGHSF	LSPKF	RSASF

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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

OONEF	+ 0.93	ROWKF
TMSNY	+ 0.73	ROWKF
TMSNY	+ 0.57	OONEF
SGPYY	+ 0.46	XROLF
SGPYY	+ 0.43	TMSNY
SGPYY	+ 0.4	ROWKF

High negative correlations

EGHSF	- 0.84	ROWKF
EGHSF	- 0.83	OONEF
EGHSF	- 0.57	TMSNY
LSPKF	- 0.56	SGPYY
RSASF	- 0.45	XROLF
LSPKF	- 0.43	XROLF

Risk-Adjusted Indicators

There is a big difference between SAP Pink Sheet 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
DPSIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROWKF	0.70	0.28	0.00	(0.58)	0.00	0.00	0.00	0.00	17.50
FMEGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OONEF	15.03	6.37	0.36	(1.47)	11.03	(24.43)	36.36	(22.58)	244.12
TMSNY	1.51	0.44	0.28	0.83	1.30	(1.82)	4.11	(2.50)	8.66
XROLF	1.04	0.20	0.04	0.40	1.65	(2.68)	3.67	(1.61)	19.14
SGPYY	1.02	0.31	0.28	0.43	0.68	(1.18)	1.71	(1.83)	20.19
EGHSF	1.22	(0.17)	0.00	(0.39)	0.00	0.00	2.59	(2.65)	15.30
LSPKF	1.30	(0.37)	0.00	(0.52)	0.00	0.00	0.00	0.00	32.50
RSASF	6.54	0.29	0.02	1.21	7.85	(10.57)	18.18	(15.00)	42.22

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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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