Agilysys Correlations

AGYS Stock

USD 137.80 0.32 0.23%

The current 90-days correlation between Agilysys and Alkami Technology is 0.4 (i.e., Very weak diversification). The correlation of Agilysys 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Agilysys Correlation With Market

Poor diversification

The correlation between Agilysys and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agilysys and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Agilysys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Agilysys Stock please use our How to Invest in Agilysys guide.

Moving together with Agilysys Stock

0.7	DJCO	Daily Journal Corp	Pair Corr
0.79	AI	C3 Ai Inc Trending	Pair Corr
0.73	BL	Blackline	Pair Corr
0.72	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.78	ML	MoneyLion	Pair Corr
0.67	PD	Pagerduty Earnings Call This Week	Pair Corr
0.81	WK	Workiva	Pair Corr
0.66	ZM	Zoom Video Communications	Pair Corr
0.76	DOCU	DocuSign	Pair Corr
0.68	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.77	VERX	Vertex	Pair Corr
0.76	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.62	VMEO	Vimeo Inc	Pair Corr
0.67	EGHT	8x8 Common Stock	Pair Corr
0.61	ENFN	Enfusion	Pair Corr

Moving against Agilysys Stock

0.5	DMAN	Innovativ Media Group	Pair Corr
0.48	VERB	VERB TECHNOLOGY PANY Trending	Pair Corr
0.39	VTEX	VTEX	Pair Corr
0.64	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.62	EZFL	EzFill Holdings	Pair Corr
0.56	WRNT	Warrantee American	Pair Corr
0.54	BMR	Beamr Imaging	Pair Corr
0.53	ETWO	E2open Parent Holdings	Pair Corr
0.52	ELCO	Elcom International	Pair Corr
0.47	SBIGW	SpringBig Holdings	Pair Corr
0.45	WALD	Waldencast Acquisition	Pair Corr
0.42	WALDW	Waldencast Acquisition	Pair Corr
0.41	EVOL	Evolving Systems	Pair Corr

Related Correlations Analysis

	ALKT	MIXT	ADEA	PYCR	AMSWA	APPF	ENFN	DHX	CVLT	ENV
ALKT		-0.77	0.42	0.7	0.67	-0.32	0.58	0.28	0.4	0.62	ALKT
MIXT	-0.77		-0.34	-0.48	-0.86	0.45	-0.62	-0.07	-0.27	-0.28	MIXT
ADEA	0.42	-0.34		0.24	0.24	-0.19	0.02	0.32	0.08	0.08	ADEA
PYCR	0.7	-0.48	0.24		0.48	0.22	0.62	0.03	0.7	0.78	PYCR
AMSWA	0.67	-0.86	0.24	0.48		-0.39	0.72	0.1	0.19	0.23	AMSWA
APPF	-0.32	0.45	-0.19	0.22	-0.39		0.2	-0.16	0.57	0.09	APPF
ENFN	0.58	-0.62	0.02	0.62	0.72	0.2		0.12	0.6	0.33	ENFN
DHX	0.28	-0.07	0.32	0.03	0.1	-0.16	0.12		-0.02	0.0	DHX
CVLT	0.4	-0.27	0.08	0.7	0.19	0.57	0.6	-0.02		0.53	CVLT
ENV	0.62	-0.28	0.08	0.78	0.23	0.09	0.33	0.0	0.53		ENV
	ALKT	MIXT	ADEA	PYCR	AMSWA	APPF	ENFN	DHX	CVLT	ENV

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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

ENV	+ 0.78	PYCR
ENFN	+ 0.72	AMSWA
PYCR	+ 0.7	ALKT
CVLT	+ 0.7	PYCR
AMSWA	+ 0.67	ALKT
ENV	+ 0.62	ALKT

High negative correlations

AMSWA	- 0.86	MIXT
MIXT	- 0.77	ALKT
ENFN	- 0.62	MIXT
PYCR	- 0.48	MIXT
APPF	- 0.39	AMSWA
ADEA	- 0.34	MIXT

Risk-Adjusted Indicators

There is a big difference between Agilysys Stock performing well and Agilysys 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 Agilysys' 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
ALKT	1.96	0.13	0.12	0.18	1.99	(2.29)	5.15	(4.11)	11.93
MIXT	2.00	(0.19)	0.00	(1.14)	0.00	0.00	3.52	(3.34)	12.12
ADEA	1.94	(0.12)	(0.01)	0.05	3.78	(1.98)	3.82	(3.41)	28.09
PYCR	1.48	0.19	0.12	0.27	1.44	(1.57)	3.05	(2.96)	9.64
AMSWA	1.44	0.31	0.11	(1.75)	1.18	(1.67)	3.79	(2.53)	10.40
APPF	1.43	(0.03)	0.00	0.10	2.18	(1.51)	2.64	(2.27)	15.04
ENFN	1.61	0.22	0.15	0.29	1.44	(1.99)	3.93	(2.77)	10.11
DHX	2.68	(0.05)	0.00	0.09	3.27	(3.54)	6.10	(6.29)	19.84
CVLT	2.05	0.08	0.07	0.16	2.61	(2.30)	4.06	(4.03)	28.40
ENV	0.09	0.00	(0.85)	(0.07)	0.09	(0.10)	0.22	(0.22)	0.68

Agilysys Corporate Management

Jessica Hennessy	Senior Relations	Profile
Ben Curtis	Managing EMEA	Profile
Frank Pitsikalis	Senior Strategy	Profile
Chris Robertson	Other - Corporate Controller and Treasurer	Profile
Sethuram Shivashankar	Senior Officer	Profile

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