SAP SE Correlations
| SAPGF Stock | USD 188.00 3.13 1.69% |
The correlation of SAP SE 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 SAP SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SAP SE 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.
Weak diversification
The correlation between SAP SE and NYA is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAP SE and NYA in the same portfolio, assuming nothing else is changed.
SAP |
The ability to find closely correlated positions to SAP SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAP SE 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 SAP SE - 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 SAP SE to buy it.
Moving together with SAP Pink Sheet
| 0.8 | CRM | Salesforce Financial Report 29th of May 2024 | PairCorr |
| 0.99 | SAP | SAP SE ADR Financial Report 18th of July 2024 | PairCorr |
| 0.76 | UBER | Uber Technologies Earnings Call This Week | PairCorr |
| 0.75 | CDNS | Cadence Design Systems | PairCorr |
| 0.82 | COIN | Coinbase Global Earnings Call Next Week | PairCorr |
Moving against SAP Pink Sheet
| 0.49 | AFFL | Affiliated Resources Corp | PairCorr |
| 0.46 | ELGL | Element Global | PairCorr |
| 0.45 | DASTY | Dassault Systemes Earnings Call Tomorrow | 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 SAP Pink Sheet performing well and SAP SE 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 SAP SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UBIA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AI | 3.09 | (0.34) | 0.00 | (0.02) | 0.00 | 7.84 | 32.77 | |||
| JAMF | 1.75 | (0.12) | (0.02) | 0.02 | 2.96 | 3.73 | 14.23 | |||
| FROG | 2.56 | 0.02 | 0.08 | 0.09 | 2.41 | 4.21 | 34.34 | |||
| PWSC | 1.58 | (0.58) | 0.00 | (0.31) | 0.00 | 2.02 | 14.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SAP SE 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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SAP SE Corporate Management
Elected by the shareholders, the SAP SE's board of directors comprises two types of representatives: SAP SE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAP. The board's role is to monitor SAP SE's management team and ensure that shareholders' interests are well served. SAP SE'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, SAP SE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christa VergienKnopf | Member of the Supervisory Board, Employee Representatives | Profile | |
| James Wright | Member of the Supervisory Board, Employee Representatives | Profile | |
| Klaus Wucherer | Member of the Supervisory Board | Profile | |
| Juergen Mller | CTO Board | Profile | |
| Robert SchuschnigFowler | Member of the Supervisory Board, Employee representative | Profile | |
| Pekka AlaPietila | Member of the Supervisory Board | Profile |
Already Invested in SAP SE?
The danger of trading SAP SE 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 SAP SE 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 SAP SE. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SAP SE 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SAP SE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the SAP SE information on this page should be used as a complementary analysis to other SAP SE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for SAP Pink Sheet analysis
When running SAP SE's price analysis, check to measure SAP SE'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 SAP SE is operating at the current time. Most of SAP SE's value examination focuses on studying past and present price action to predict the probability of SAP SE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SAP SE's price. Additionally, you may evaluate how the addition of SAP SE to your portfolios can decrease your overall portfolio volatility.
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