Veeva Systems Inc. (VEEV) — Stock Correlations & Overview
Over the past year, VEEV has moved most closely with WCLD, CRM, CRMG. Explore the stocks most correlated and inversely correlated with VEEV below, along with its price, financials, and company profile.
Stocks correlated with VEEV
Correlation of daily returns. Higher positive values move with VEEV; negative values move opposite it. Informational only, not investment advice.
Most correlated with VEEV
| Symbol | Company | Correlation |
|---|---|---|
| WCLD | WisdomTree Cloud Computing Fund | 0.74 |
| CRM | Salesforce, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.71 |
| CRMG | Leverage Shares 2X Long CRM Daily ETF | 0.70 |
| INVN | Alger Russell Innovation ETF | 0.69 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.68 |
Most inversely correlated with VEEV
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.50 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.48 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.46 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.42 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.40 |
Frequently asked questions about VEEV correlations
- Which stocks are most correlated with VEEV?
- Based on one year of daily returns, the stocks most correlated with Veeva Systems Inc. (VEEV) are WCLD (0.74), CRM (0.71) and CRMG (0.70). 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 VEEV?
- Over the past year, the stocks most inversely correlated with Veeva Systems Inc. (VEEV) are WEBS (-0.50), HDGE (-0.48) and DWSH (-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 VEEV correlations calculated?
- We compute the correlation of daily returns between VEEV 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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