Oracle Correlations

ORCL Stock

USD 188.65 3.73 2.02%

The current 90-days correlation between Oracle and Palantir Technologies is 0.32 (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

Significant diversification

The correlation between Oracle and DJI is 0.02 (i.e., Significant 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.

Build AI portfolio with Oracle Stock

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 world development indicators.

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

Moving together with Oracle Stock

0.81	S	SentinelOne	Pair Corr
0.78	GTLB	Gitlab Inc	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.81	BA	Boeing	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.62	T	ATT Inc	Pair Corr

Moving against Oracle Stock

0.89	MTC	MMTEC Inc Tech Boost	Pair Corr
0.88	NHIC	NewHold Investment Corp	Pair Corr
0.86	AAPL	Apple Inc	Pair Corr
0.82	PTAIY	Astra International Tbk	Pair Corr
0.8	JBHT	JB Hunt Transport	Pair Corr
0.8	XOM	Exxon Mobil Corp	Pair Corr
0.77	EC	Ecopetrol SA ADR	Pair Corr
0.66	PUTKY	United Tractors Tbk	Pair Corr
0.6	PKX	POSCO Holdings	Pair Corr
0.51	PHJMF	PT Hanjaya Mandala	Pair Corr
0.92	DD	Dupont De Nemours	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.88	MRK	Merck Company Aggressive Push	Pair Corr
0.87	KO	Coca Cola	Pair Corr
0.81	CAT	Caterpillar Sell-off Trend	Pair Corr
0.75	IBM	International Business	Pair Corr
0.75	AXP	American Express	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.59	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	PLTR	SNPS	ADBE	RDWR	IIIV	SAP	ASML	WIX	HPAI	FTNT
PLTR		0.42	0.39	0.44	0.44	0.46	0.34	0.25	-0.24	0.72	PLTR
SNPS	0.42		0.73	0.74	0.38	0.57	0.04	0.41	0.51	0.64	SNPS
ADBE	0.39	0.73		0.78	0.61	0.64	-0.33	0.71	0.35	0.46	ADBE
RDWR	0.44	0.74	0.78		0.83	0.85	-0.4	0.78	0.2	0.6	RDWR
IIIV	0.44	0.38	0.61	0.83		0.88	-0.48	0.82	-0.24	0.51	IIIV
SAP	0.46	0.57	0.64	0.85	0.88		-0.28	0.64	-0.1	0.67	SAP
ASML	0.34	0.04	-0.33	-0.4	-0.48	-0.28		-0.7	-0.17	0.27	ASML
WIX	0.25	0.41	0.71	0.78	0.82	0.64	-0.7		0.08	0.28	WIX
HPAI	-0.24	0.51	0.35	0.2	-0.24	-0.1	-0.17	0.08		-0.15	HPAI
FTNT	0.72	0.64	0.46	0.6	0.51	0.67	0.27	0.28	-0.15		FTNT
	PLTR	SNPS	ADBE	RDWR	IIIV	SAP	ASML	WIX	HPAI	FTNT

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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

SAP	+ 0.88	IIIV
SAP	+ 0.85	RDWR
IIIV	+ 0.83	RDWR
WIX	+ 0.82	IIIV
RDWR	+ 0.78	ADBE
WIX	+ 0.78	RDWR

High negative correlations

WIX	- 0.7	ASML
ASML	- 0.48	IIIV
ASML	- 0.4	RDWR
ASML	- 0.33	ADBE
ASML	- 0.28	SAP
HPAI	- 0.24	IIIV

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLTR	2.20	(0.01)	0.02	0.07	3.22	(2.22)	4.78	(6.53)	15.34
SNPS	2.03	0.01	0.02	0.08	2.74	(2.11)	4.08	(4.75)	22.25
ADBE	1.31	(0.07)	(0.04)	0.01	1.67	(1.42)	3.04	(2.44)	10.25
RDWR	1.40	(0.16)	0.00	(0.61)	0.00	0.00	2.25	(3.42)	7.83
IIIV	1.73	(0.38)	0.00	(0.17)	0.00	0.00	2.73	(3.93)	16.05
SAP	1.08	(0.15)	0.00	(0.08)	0.00	0.00	1.62	(2.75)	7.04
ASML	1.79	0.36	0.17	0.35	1.93	(1.93)	3.76	(3.74)	12.17
WIX	2.51	(0.85)	0.00	(0.83)	0.00	0.00	5.16	(4.33)	27.47
HPAI	3.05	0.25	0.04	(0.62)	3.63	(3.71)	7.14	(5.67)	18.61
FTNT	1.28	(0.05)	(0.02)	0.03	1.92	(1.25)	2.04	(2.63)	10.31

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