Salesforce, Inc. (CRM) — Stock Correlations & Overview
Over the past year, CRM has moved most closely with CRMG, WCLD, NOW. Explore the stocks most correlated and inversely correlated with CRM below, along with its price, financials, and company profile.
Stocks correlated with CRM
Correlation of daily returns. Higher positive values move with CRM; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRM
| Symbol | Company | Correlation |
|---|---|---|
| CRMG | Leverage Shares 2X Long CRM Daily ETF | 1.00 |
| WCLD | WisdomTree Cloud Computing Fund | 0.80 |
| NOW | SERVICENOW, INC.SERVICES-PREPACKAGED SOFTWARE | 0.78 |
| NOWL | GraniteShares 2x Long NOW Daily ETF | 0.77 |
| HUBS | HUBSPOT, INC.SERVICES-PREPACKAGED SOFTWARE | 0.76 |
Most inversely correlated with CRM
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.51 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.50 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.47 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.46 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.42 |
Frequently asked questions about CRM correlations
- Which stocks are most correlated with CRM?
- Based on one year of daily returns, the stocks most correlated with Salesforce, Inc. (CRM) are CRMG (1.00), WCLD (0.80) and NOW (0.78). 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 CRM?
- Over the past year, the stocks most inversely correlated with Salesforce, Inc. (CRM) are HDGE (-0.51), WEBS (-0.50) and PALD (-0.47). 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 CRM correlations calculated?
- We compute the correlation of daily returns between CRM 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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