Adobe Inc. (ADBE) — Stock Correlations & Overview
Over the past year, ADBE has moved most closely with ADBG, CRMG, CRM. Explore the stocks most correlated and inversely correlated with ADBE below, along with its price, financials, and company profile.
Stocks correlated with ADBE
Correlation of daily returns. Higher positive values move with ADBE; negative values move opposite it. Informational only, not investment advice.
Most correlated with ADBE
| Symbol | Company | Correlation |
|---|---|---|
| ADBG | Leverage Shares 2X Long ADBE Daily ETF | 1.00 |
| CRMG | Leverage Shares 2X Long CRM Daily ETF | 0.76 |
| CRM | Salesforce, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.76 |
| WDAY | Workday, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.74 |
| NOW | SERVICENOW, INC.SERVICES-PREPACKAGED SOFTWARE | 0.74 |
Most inversely correlated with ADBE
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.54 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.50 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.46 |
| VOLT | Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES | -0.45 |
| ZAP | Global X U.S. Electrification ETF | -0.41 |
Frequently asked questions about ADBE correlations
- Which stocks are most correlated with ADBE?
- Based on one year of daily returns, the stocks most correlated with Adobe Inc. (ADBE) are ADBG (1.00), CRMG (0.76) and CRM (0.76). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ADBE?
- Over the past year, the stocks most inversely correlated with Adobe Inc. (ADBE) are HDGE (-0.54), DWSH (-0.50) and WEBS (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ADBE correlations calculated?
- We compute the correlation of daily returns between ADBE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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