Sumo Logic Correlations

Summary

SUMODelisted Stock

USD 12.04 0.00 0.00%

The current 90-days correlation between Sumo Logic and PagSeguro Digital is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sumo Logic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sumo Logic moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sumo Logic Correlation With Market

Good diversification

The correlation between Sumo Logic and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumo Logic and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Sumo Stock

0.67	SSNLF	Samsung Electronics	Pair Corr
0.71	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.62	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.71	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Sumo Stock

0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.73	BKRKY	Bank Rakyat	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.67	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.63	BKRKF	PT Bank Rakyat	Pair Corr
0.6	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.56	PBCRY	Bank Central Asia	Pair Corr
0.5	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.46	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.43	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	PAGS	DAVA	NTNX	SPLK	VMW	PANW	PATH	ZS	CRWD	SCWX
PAGS		0.6	-0.52	-0.72	-0.66	-0.54	-0.27	-0.41	-0.71	-0.51	PAGS
DAVA	0.6		-0.05	-0.56	-0.21	-0.09	0.11	-0.11	-0.31	-0.24	DAVA
NTNX	-0.52	-0.05		0.67	0.8	0.89	0.7	0.79	0.87	0.51	NTNX
SPLK	-0.72	-0.56	0.67		0.82	0.77	0.48	0.76	0.84	0.63	SPLK
VMW	-0.66	-0.21	0.8	0.82		0.84	0.68	0.8	0.9	0.57	VMW
PANW	-0.54	-0.09	0.89	0.77	0.84		0.67	0.89	0.87	0.57	PANW
PATH	-0.27	0.11	0.7	0.48	0.68	0.67		0.7	0.74	0.36	PATH
ZS	-0.41	-0.11	0.79	0.76	0.8	0.89	0.7		0.88	0.54	ZS
CRWD	-0.71	-0.31	0.87	0.84	0.9	0.87	0.74	0.88		0.55	CRWD
SCWX	-0.51	-0.24	0.51	0.63	0.57	0.57	0.36	0.54	0.55		SCWX
	PAGS	DAVA	NTNX	SPLK	VMW	PANW	PATH	ZS	CRWD	SCWX

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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

CRWD	+ 0.9	VMW
PANW	+ 0.89	NTNX
ZS	+ 0.89	PANW
CRWD	+ 0.88	ZS
CRWD	+ 0.87	NTNX
CRWD	+ 0.87	PANW

High negative correlations

SPLK	- 0.72	PAGS
CRWD	- 0.71	PAGS
VMW	- 0.66	PAGS
SPLK	- 0.56	DAVA
PANW	- 0.54	PAGS
NTNX	- 0.52	PAGS

Risk-Adjusted Indicators

There is a big difference between Sumo Stock performing well and Sumo Logic 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 Sumo Logic'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
PAGS	1.79	(0.69)	0.00	(0.66)	0.00	0.00	3.17	(4.94)	11.66
DAVA	2.28	(0.32)	0.00	(0.08)	0.00	0.00	6.11	(4.81)	14.12
NTNX	1.99	0.18	0.11	0.24	2.01	(2.40)	3.95	(3.15)	28.12
SPLK	1.63	0.20	0.03	(1.43)	1.70	(1.91)	4.36	(3.33)	10.70
VMW	1.27	0.32	0.18	1.36	0.90	(1.54)	4.04	(2.18)	7.26
PANW	1.40	0.00	0.02	0.13	1.89	(1.39)	2.45	(3.03)	9.85
PATH	1.89	(0.06)	0.03	0.10	2.49	(1.95)	4.52	(3.82)	12.04
ZS	1.92	(0.03)	0.00	0.10	3.80	(1.91)	3.73	(3.37)	20.36
CRWD	2.01	0.22	0.14	0.27	1.88	(2.26)	4.04	(3.44)	12.69
SCWX	2.24	0.20	0.05	0.37	2.66	(3.00)	6.29	(5.68)	29.19

View Sumo Logic Related Equities

PagSeguro Digital Endava Nutanix Splunk Inc VMware Inc Palo Alto Networks Uipath Inc Zscaler Crowdstrike Holdings Secureworks Corp Global Blue Group EverCommerce CSG Systems International i3 Verticals ACI Worldwide

Risk & Return

Correlation

Sumo Logic Corporate Management

Stewart Grierson	Chief Officer	Profile
Katherine Haar	G Sec	Profile
Ramin Sayar	Pres CEO	Profile
Suku Chettiar	Chief Officer	Profile
Rick Hasselman	VP Fin	Profile
Christian Beedgen	Chief CoFounder	Profile
Lynne McDonald	Pres Operations	Profile

Still Interested in Sumo Logic?

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