Oracle Correlations

Stocks . USA . 
Stock . Oracle
ORCL Stock  USD 226.13  14.19  5.90%   
The current 90-days correlation between Oracle and Crowdstrike Holdings is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oracle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oracle moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Oracle Correlation With Market

Average diversification

The correlation between Oracle and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oracle and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oracle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in goods.
For more information on how to buy Oracle Stock please use our How to buy in Oracle Stock guide.

Moving together with Oracle Stock

  0.67MQ Marqeta Sell-off TrendPairCorr
  0.71NN Nextnav Acquisition Corp Tech BoostPairCorr
  0.62VERI Veritone TrendingPairCorr
  0.65VRNS Varonis SystemsPairCorr
  0.72VRNT Verint Systems Earnings Call This WeekPairCorr
  0.85NET CloudflarePairCorr
  0.81PGY Pagaya Technologies Tech BoostPairCorr
  0.62LIDRW AEye IncPairCorr

Moving against Oracle Stock

  0.83FAAS DigiAsia CorpPairCorr
  0.75DVLT Datavault AI Symbol ChangePairCorr
  0.74DTSS Datasea Tech BoostPairCorr
  0.7OS OneStream, Class A Buyout TrendPairCorr
  0.47BB BlackBerry Aggressive PushPairCorr
  0.44EVTC EvertecPairCorr
  0.33VRAR Glimpse GroupPairCorr
  0.92FAASW DigiAsia CorpPairCorr
  0.86BOX Box IncPairCorr
  0.84IOT Samsara Earnings Call This WeekPairCorr
  0.74DBX DropboxPairCorr
  0.67DOX AmdocsPairCorr
  0.63FATN FatPipe, Common StockPairCorr
  0.51RPD Rapid7 IncPairCorr
  0.4FIVN Five9 IncPairCorr
  0.37FTNT FortinetPairCorr

Related Correlations Analysis


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

NET
+ 0.79
ZETA
PANW
+ 0.77
CRWD
CRWV
+ 0.76
CRWD
AI
+ 0.76
CRWD
PANW
+ 0.6
CRWV
AI
+ 0.57
PANW
  

High negative correlations

AI
- 0.72
ZETA
ZETA
- 0.72
CRWD
ZETA
- 0.6
CRWV
ZETA
- 0.54
PANW
NET
- 0.49
PANW
NET
- 0.46
AI

Risk-Adjusted Indicators

There is a big difference between Oracle Stock performing well and Oracle 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 Oracle'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.

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