Cloudflare Correlations

NET Stock

USD 200.70 1.69 0.84%

The current 90-days correlation between Cloudflare and Synopsys is 0.03 (i.e., Significant 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

Good diversification

The correlation between Cloudflare and DJI is -0.08 (i.e., 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

0.68	DT	Dynatrace Holdings LLC	Pair Corr
0.62	VS	Versus Systems	Pair Corr
0.78	002410	Glodon Software	Pair Corr
0.7	VRAR	Glimpse Group	Pair Corr

Moving against Cloudflare Stock

0.5	BGE	Bridge Saas	Pair Corr
0.41	U	Unity Software	Pair Corr
0.38	NN	Nextnav Acquisition Corp	Pair Corr
0.34	WK	Workiva	Pair Corr
0.49	DTST	Data Storage Corp	Pair Corr
0.34	300036	Beijing SuperMap Software	Pair Corr
0.55	ELWS	Earlyworks Co,	Pair Corr
0.53	MKT	DeepMarkit Corp	Pair Corr

Related Correlations Analysis

	SNPS	CDNS	SNOW	FTNT	NTES	CRWV	MRVL	MSTR	ZS	GLW
SNPS		0.71	-0.52	0.5	0.36	0.41	0.15	0.35	-0.19	0.27	SNPS
CDNS	0.71		-0.05	0.81	0.52	0.77	0.21	0.76	0.35	0.1	CDNS
SNOW	-0.52	-0.05		0.26	0.07	0.23	0.35	0.2	0.67	-0.01	SNOW
FTNT	0.5	0.81	0.26		0.56	0.75	0.28	0.71	0.52	0.13	FTNT
NTES	0.36	0.52	0.07	0.56		0.73	0.09	0.79	0.53	-0.12	NTES
CRWV	0.41	0.77	0.23	0.75	0.73		0.13	0.94	0.7	-0.02	CRWV
MRVL	0.15	0.21	0.35	0.28	0.09	0.13		0.03	0.02	0.18	MRVL
MSTR	0.35	0.76	0.2	0.71	0.79	0.94	0.03		0.7	-0.23	MSTR
ZS	-0.19	0.35	0.67	0.52	0.53	0.7	0.02	0.7		-0.1	ZS
GLW	0.27	0.1	-0.01	0.13	-0.12	-0.02	0.18	-0.23	-0.1		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

MSTR	+ 0.94	CRWV
FTNT	+ 0.81	CDNS
MSTR	+ 0.79	NTES
CRWV	+ 0.77	CDNS
MSTR	+ 0.76	CDNS
CRWV	+ 0.75	FTNT

High negative correlations

SNOW	- 0.52	SNPS
GLW	- 0.23	MSTR
ZS	- 0.19	SNPS
GLW	- 0.12	NTES
GLW	- 0.1	ZS
SNOW	- 0.05	CDNS

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	1.71	(0.06)	(0.01)	0.03	2.70	(1.63)	3.80	(3.61)	13.47
CDNS	1.20	(0.25)	0.00	(0.15)	0.00	0.00	2.05	(2.87)	9.36
SNOW	1.91	(0.06)	(0.01)	0.03	3.00	(1.74)	3.44	(4.23)	17.97
FTNT	1.26	(0.11)	0.00	(0.03)	0.00	0.00	1.87	(3.65)	8.99
NTES	1.26	(0.17)	0.00	(0.36)	0.00	0.00	2.90	(3.12)	7.64
CRWV	4.17	(0.79)	0.00	(0.51)	0.00	0.00	8.05	(8.30)	28.02
MRVL	2.72	0.11	0.00	(0.34)	2.95	(3.32)	6.06	(5.59)	15.17
MSTR	3.45	(1.15)	0.00	(0.50)	0.00	0.00	5.62	(7.55)	15.68
ZS	1.74	(0.37)	0.00	0.94	0.00	0.00	2.83	(4.09)	20.25
GLW	1.77	0.06	0.04	0.11	2.75	(1.70)	3.39	(4.48)	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

2025 Macroaxis LLC