Cloudflare Correlations

NET Stock

USD 173.44 0.14 0.08%

The current 90-days correlation between Cloudflare and Synopsys is 0.41 (i.e., Very weak diversification). The correlation of Cloudflare 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.

Cloudflare Correlation With Market

Very good diversification

The correlation between Cloudflare and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cloudflare and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cloudflare Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Cloudflare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Cloudflare Stock please use our How to Invest in Cloudflare guide.

Moving together with Cloudflare Stock

0.82	DOMO	Domo Inc	Pair Corr
0.74	MRT	Marti Technologies	Pair Corr
0.72	SAP	SAP SE ADR Earnings Call This Week	Pair Corr
0.72	EVPL	Everplay Group PLC	Pair Corr
0.66	ERD	Eroad	Pair Corr
0.8	TNE	Technology One	Pair Corr
0.62	ALFA	Alfa Financial Software	Pair Corr

Moving against Cloudflare Stock

0.71	API	Agora Inc	Pair Corr
0.52	LNU	Linius Technologies	Pair Corr
0.46	IAM	Income Asset Management	Pair Corr
0.42	688118	Primeton Information	Pair Corr
0.83	RDY	Readytech Holdings	Pair Corr
0.63	603171	Servyou Software	Pair Corr
0.63	ONTF	ON24 Inc	Pair Corr
0.62	688229	Bonree Data Technology	Pair Corr
0.55	300624	Wondershare Technology	Pair Corr
0.55	688158	UCloud Technology	Pair Corr
0.51	300830	Jinxiandai Information	Pair Corr
0.41	688369	Beijing Seeyon Internet	Pair Corr
0.38	688039	Hangzhou Arcvideo	Pair Corr
0.37	688232	Guotai Epoint Software	Pair Corr

Related Correlations Analysis

	SNPS	CDNS	SNOW	FTNT	NTES	CRWV	MRVL	MSTR	ZS	GLW
SNPS		0.19	-0.71	-0.35	0.11	0.03	-0.11	-0.34	-0.7	0.68	SNPS
CDNS	0.19		0.31	0.71	0.35	0.74	0.5	0.64	0.39	0.29	CDNS
SNOW	-0.71	0.31		0.65	0.25	0.43	0.44	0.68	0.88	-0.54	SNOW
FTNT	-0.35	0.71	0.65		0.34	0.57	0.55	0.71	0.68	-0.2	FTNT
NTES	0.11	0.35	0.25	0.34		0.45	0.23	0.53	0.32	-0.09	NTES
CRWV	0.03	0.74	0.43	0.57	0.45		0.19	0.88	0.63	0.22	CRWV
MRVL	-0.11	0.5	0.44	0.55	0.23	0.19		0.21	0.23	0.07	MRVL
MSTR	-0.34	0.64	0.68	0.71	0.53	0.88	0.21		0.87	-0.15	MSTR
ZS	-0.7	0.39	0.88	0.68	0.32	0.63	0.23	0.87		-0.4	ZS
GLW	0.68	0.29	-0.54	-0.2	-0.09	0.22	0.07	-0.15	-0.4		GLW
	SNPS	CDNS	SNOW	FTNT	NTES	CRWV	MRVL	MSTR	ZS	GLW

Please upgrade your account to get full access to Macroaxis premium features

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

ZS	+ 0.88	SNOW
MSTR	+ 0.88	CRWV
ZS	+ 0.87	MSTR
CRWV	+ 0.74	CDNS
FTNT	+ 0.71	CDNS
MSTR	+ 0.71	FTNT

High negative correlations

SNOW	- 0.71	SNPS
ZS	- 0.7	SNPS
GLW	- 0.54	SNOW
GLW	- 0.4	ZS
FTNT	- 0.35	SNPS
MSTR	- 0.34	SNPS

Risk-Adjusted Indicators

There is a big difference between Cloudflare Stock performing well and Cloudflare 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 Cloudflare'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
SNPS	1.64	0.09	0.04	0.14	2.10	(1.63)	3.78	(3.17)	9.95
CDNS	1.31	(0.11)	0.00	(0.05)	0.00	0.00	2.67	(3.06)	9.36
SNOW	1.90	(0.17)	0.00	2.60	0.00	0.00	3.44	(4.34)	16.09
FTNT	1.32	(0.09)	0.00	(0.09)	0.00	0.00	2.47	(2.63)	8.99
NTES	1.43	(0.22)	0.00	(0.62)	0.00	0.00	4.20	(4.07)	11.29
CRWV	4.19	(0.46)	0.00	(0.16)	0.00	0.00	8.05	(8.30)	28.57
MRVL	2.51	(0.19)	0.00	(0.03)	0.00	0.00	5.83	(5.61)	15.18
MSTR	3.45	(0.92)	0.00	(0.65)	0.00	0.00	5.78	(7.55)	15.68
ZS	1.67	(0.59)	0.00	(0.88)	0.00	0.00	2.83	(4.14)	16.56
GLW	1.79	0.06	0.03	0.11	2.65	(1.81)	3.60	(3.29)	12.43

Cloudflare Corporate Management

Paul Underwood	Chief Officer	Profile
Lee Holloway	Co-Founder	Profile
Darth SriBear	Systems Reliability Engineer	Profile
John	Chief Officer	Profile
Douglas JD	Chief Secretary	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