Salesforce Correlations

SSFO34 Stock

BRL 90.66 1.00 1.12%

The current 90-days correlation between salesforce inc and Tyson Foods is -0.18 (i.e., Good diversification). The correlation of Salesforce 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.

Salesforce Correlation With Market

Average diversification

The correlation between salesforce inc and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding salesforce inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Salesforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salesforce 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 Salesforce - 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 salesforce inc to buy it.

Moving together with Salesforce Stock

0.75	OSXB3	OSX Brasil SA	Pair Corr
0.96	P2LT34	Palantir Technologies	Pair Corr
0.9	Z1OM34	Zoom Video Communications	Pair Corr
0.9	HPQB34	Hewlett Packard	Pair Corr

Moving against Salesforce Stock

0.79	PDGR3	PDG Realty SA Split	Pair Corr
0.33	TEKA4	Teka Tecelagem Kuehnrich	Pair Corr

Related Correlations Analysis

	M1NS34	MLAS3	TSNF34	L1YG34	GOAU3	RSUL4	B2YN34	MGEL4
M1NS34		-0.77	0.25	-0.32	-0.19	-0.73	-0.35	-0.87	M1NS34
MLAS3	-0.77		0.02	0.19	0.05	0.87	0.28	0.64	MLAS3
TSNF34	0.25	0.02		-0.36	0.27	0.06	-0.64	-0.33	TSNF34
L1YG34	-0.32	0.19	-0.36		-0.33	0.38	0.57	0.4	L1YG34
GOAU3	-0.19	0.05	0.27	-0.33		0.15	-0.49	0.27	GOAU3
RSUL4	-0.73	0.87	0.06	0.38	0.15		0.28	0.71	RSUL4
B2YN34	-0.35	0.28	-0.64	0.57	-0.49	0.28		0.46	B2YN34
MGEL4	-0.87	0.64	-0.33	0.4	0.27	0.71	0.46		MGEL4
	M1NS34	MLAS3	TSNF34	L1YG34	GOAU3	RSUL4	B2YN34	MGEL4

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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

RSUL4	+ 0.87	MLAS3
MGEL4	+ 0.71	RSUL4
MGEL4	+ 0.64	MLAS3
B2YN34	+ 0.57	L1YG34
MGEL4	+ 0.46	B2YN34
MGEL4	+ 0.4	L1YG34

High negative correlations

MGEL4	- 0.87	M1NS34
MLAS3	- 0.77	M1NS34
RSUL4	- 0.73	M1NS34
B2YN34	- 0.64	TSNF34
B2YN34	- 0.49	GOAU3
L1YG34	- 0.36	TSNF34

Risk-Adjusted Indicators

There is a big difference between Salesforce Stock performing well and Salesforce 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 Salesforce'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
M1NS34	1.34	0.30	0.11	2.83	1.41	(1.62)	2.83	(2.38)	9.83
MLAS3	2.45	(0.40)	0.00	(0.31)	0.00	0.00	6.45	(4.91)	13.47
TSNF34	0.88	0.19	0.02	(1.02)	1.05	(2.41)	2.85	(1.87)	10.68
L1YG34	1.32	(0.10)	0.00	(0.29)	0.00	0.00	2.55	(2.10)	12.17
GOAU3	1.08	0.06	(0.06)	(0.35)	1.25	(1.24)	1.95	(2.03)	10.32
RSUL4	0.95	(0.14)	0.00	(0.22)	0.00	0.00	1.96	(2.22)	6.19
B2YN34	2.93	(0.29)	0.00	(0.20)	0.00	0.00	5.29	(5.95)	19.97
MGEL4	1.78	(0.78)	0.00	(0.94)	0.00	0.00	1.40	(4.35)	21.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Salesforce 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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