ADSK (ADSK)
Daily ERM3 factor decomposition: how much of ADSK's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $225.91
- Market cap
- $47.7B
- 23-day vol
- 42.6%
- Sector proxy
- XLK
- Subsector proxy
- IGV
Risk DNA
43% of ADSK's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 4.2%Sector 0.0%Subsector 38.6%Stock-specific 57.1%
ETF hedge ratios
Dollars of ETF to short per $1 of ADSK held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (IGV) | Explained risk |
|---|---|---|---|---|
| L1 | $-0.58 | — | — | 4.2% |
| L2 | $-0.99 | $0.24 | — | 4.2% |
| L3 | $-1.05 | $0.90 | $-0.90 | 42.9% |
Data as of July 28, 2026. Updated daily from the ERM3 pipeline.
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