Adobe Correlations
| ADB Stock | EUR 440.00 8.10 1.81% |
The correlation of Adobe 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adobe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adobe Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Adobe Inc and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adobe Inc and NYA in the same portfolio, assuming nothing else is changed.
Adobe |
The ability to find closely correlated positions to Adobe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe 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 Adobe - 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 Adobe Inc to buy it.
Moving together with Adobe Stock
| 0.89 | VRS | VeriSign | PairCorr |
| 0.75 | 526 | MongoDB | PairCorr |
| 0.74 | PTI | Perusahaan Perseroan | PairCorr |
| 0.64 | TCID | Telkom Indonesia Tbk | PairCorr |
Moving against Adobe Stock
| 0.9 | KKS | KASPIKZ 1 | PairCorr |
| 0.83 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.61 | SQ3 | Square Inc | PairCorr |
| 0.57 | IVU | IVU Traffic Technologies | PairCorr |
| 0.51 | 1N8 | Adyen NV | PairCorr |
| 0.5 | 1N8U | ADYEN NV UNSPADR001 | PairCorr |
| 0.49 | MSF | Microsoft | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adobe Stock performing well and Adobe 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 Adobe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSUN | 1.30 | 0.09 | 0.00 | (0.37) | 1.38 | 3.07 | 7.54 | |||
| 0AI1 | 3.53 | 0.16 | 0.01 | 23.97 | 4.57 | 9.17 | 25.51 | |||
| PL8 | 0.88 | 0.01 | (0.04) | 0.10 | 1.14 | 1.70 | 7.16 | |||
| 4BY | 3.24 | (0.23) | 0.00 | (0.22) | 0.00 | 6.93 | 26.02 | |||
| TM9 | 2.09 | 0.83 | 0.25 | (0.36) | 1.25 | 7.44 | 22.59 | |||
| CFC | 2.77 | (0.30) | 0.00 | (0.36) | 0.00 | 5.83 | 17.15 | |||
| B2W | 2.53 | (0.39) | 0.00 | (0.25) | 0.00 | 4.15 | 14.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adobe 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.Did you try this?
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Adobe Corporate Management
Elected by the shareholders, the Adobe's board of directors comprises two types of representatives: Adobe inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adobe. The board's role is to monitor Adobe's management team and ensure that shareholders' interests are well served. Adobe's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Adobe's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shantanu Narayen | Chairman CEO | Profile | |
| Ann Lewnes | Chief Devel | Profile | |
| Mark Garfield | Chief VP | Profile | |
| Anil Chakravarthy | Pres Bus | Profile | |
| Daniel Durn | Technology Fin | Profile | |
| Cynthia Stoddard | VP Officer | Profile | |
| John Warnock | CoFounder Director | Profile |
Already Invested in Adobe Inc?
The danger of trading Adobe Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Adobe is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Adobe. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Adobe Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adobe Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Adobe Stock analysis
When running Adobe's price analysis, check to measure Adobe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adobe is operating at the current time. Most of Adobe's value examination focuses on studying past and present price action to predict the probability of Adobe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adobe's price. Additionally, you may evaluate how the addition of Adobe to your portfolios can decrease your overall portfolio volatility.
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