Asure Software Correlations

ASUR Stock

USD 8.24 0.08 0.98%

The current 90-days correlation between Asure Software and Agilysys is 0.21 (i.e., Modest diversification). The correlation of Asure Software 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.

Asure Software Correlation With Market

Very weak diversification

The correlation between Asure Software and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asure Software and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Asure Stock

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

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.

Moving together with Asure Stock

0.79	AZ	A2Z Smart Technologies	Pair Corr
0.69	BL	Blackline	Pair Corr
0.86	DT	Dynatrace Holdings LLC	Pair Corr
0.9	QH	Quhuo Tech Boost	Pair Corr
0.77	VS	Versus Systems	Pair Corr
0.8	DMRC	Digimarc	Pair Corr
0.69	VBIX	Viewbix Common Stock Upward Rally	Pair Corr
0.9	VERX	Vertex	Pair Corr
0.76	DUOL	Duolingo Tech Boost	Pair Corr
0.85	VTEX	VTEX	Pair Corr
0.88	ILLRW	Triller Group Symbol Change	Pair Corr
0.62	EPWK	EPWK Holdings	Pair Corr
0.85	EXFY	Expensify	Pair Corr
0.61	FICO	Fair Isaac	Pair Corr
0.75	BMR	Beamr Imaging	Pair Corr
0.85	CRM	Salesforce	Pair Corr
0.75	CXM	Sprinklr	Pair Corr

Moving against Asure Stock

0.81	WK	Workiva	Pair Corr
0.77	U	Unity Software	Pair Corr
0.63	DJCO	Daily Journal Corp Tech Boost	Pair Corr
0.55	PD	Pagerduty	Pair Corr
0.47	VMEO	Vimeo Inc	Pair Corr
0.41	VWAV	VisionWave Holdings,	Pair Corr
0.35	ZM	Zoom Video Communications	Pair Corr
0.35	DOMO	Domo Inc	Pair Corr
0.32	EGAN	eGain	Pair Corr
0.88	HIT	Health In Tech,	Pair Corr
0.81	FIG	Figma, Inc	Pair Corr
0.8	LIF	Life360, Common Stock	Pair Corr
0.68	FROG	Jfrog	Pair Corr
0.66	LAW	CS Disco LLC	Pair Corr
0.52	DAY	Dayforce Sell-off Trend	Pair Corr
0.45	FSLY	Fastly Inc	Pair Corr
0.35	WETO	Webus International	Pair Corr

Related Correlations Analysis

	AGYS	DHX	ALKT	ADEA	ALOT	TRAK	ALNT
AGYS		0.22	0.48	-0.73	0.3	0.56	-0.74	AGYS
DHX	0.22		0.66	0.18	-0.18	0.49	-0.2	DHX
ALKT	0.48	0.66		0.02	-0.06	0.87	-0.5	ALKT
ADEA	-0.73	0.18	0.02		-0.42	-0.14	0.7	ADEA
ALOT	0.3	-0.18	-0.06	-0.42		0.03	-0.21	ALOT
TRAK	0.56	0.49	0.87	-0.14	0.03		-0.69	TRAK
ALNT	-0.74	-0.2	-0.5	0.7	-0.21	-0.69		ALNT
	AGYS	DHX	ALKT	ADEA	ALOT	TRAK	ALNT

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

TRAK	+ 0.87	ALKT
ALNT	+ 0.7	ADEA
ALKT	+ 0.66	DHX
TRAK	+ 0.56	AGYS
TRAK	+ 0.49	DHX
ALKT	+ 0.48	AGYS

High negative correlations

ALNT	- 0.74	AGYS
ADEA	- 0.73	AGYS
ALNT	- 0.69	TRAK
ALNT	- 0.5	ALKT
ALOT	- 0.42	ADEA
ALNT	- 0.21	ALOT

Risk-Adjusted Indicators

There is a big difference between Asure Stock performing well and Asure Software 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 Asure Software's 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
AGYS	1.74	(0.27)	0.00	(0.17)	0.00	0.00	3.06	(4.44)	11.56
DHX	3.67	(0.05)	0.00	0.06	4.99	(3.76)	8.16	(7.20)	23.45
ALKT	2.27	(0.49)	0.00	(0.08)	0.00	0.00	5.23	(5.00)	19.62
ADEA	1.53	0.09	0.10	0.14	1.45	(1.84)	4.99	(2.54)	13.20
ALOT	2.29	0.09	0.04	0.16	2.82	(2.59)	3.85	(4.03)	36.36
TRAK	1.64	(0.42)	0.00	(0.12)	0.00	0.00	3.69	(3.24)	8.75
ALNT	1.85	0.13	0.09	0.16	2.05	(1.94)	4.34	(3.14)	11.92

Asure Software Corporate Management

Todd Waletzki	Chief Staff	Profile
Mike Vannoy	Vice Marketing	Profile
Yasmine Rodriguez	Senior Compliance	Profile
Eyal Goldstein	Chief Revenue Officer	Profile
Randal Rudniski	Financial Relations	Profile
John Pence	Principal CFO	Profile

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