Asure Software Correlations

ASUR Stock

USD 10.15 0.33 3.36%

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 0.48 (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 employment.

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

Moving together with Asure Stock

0.75	DJCO	Daily Journal Corp	Pair Corr
0.93	AI	C3 Ai Inc	Pair Corr
0.77	BL	Blackline Earnings Call Tomorrow	Pair Corr
0.91	DT	Dynatrace Holdings LLC	Pair Corr
0.92	DV	DoubleVerify Holdings Earnings Call Tomorrow	Pair Corr
0.94	EB	Eventbrite Class A	Pair Corr
0.69	PD	Pagerduty	Pair Corr
0.8	WK	Workiva	Pair Corr
0.89	ZM	Zoom Video Communications	Pair Corr
0.81	DOCU	DocuSign	Pair Corr
0.78	VERX	Vertex Earnings Call This Week	Pair Corr
0.7	VERB	Verb Technology Earnings Call This Week	Pair Corr
0.88	DSGX	Descartes Systems	Pair Corr
0.63	DUOL	Duolingo	Pair Corr
0.66	DUOT	Duos Technologies Earnings Call Next Week	Pair Corr
0.9	VMEO	Vimeo Inc Earnings Call Tomorrow	Pair Corr
0.84	VTEX	VTEX	Pair Corr
0.82	EGAN	eGain Earnings Call This Week	Pair Corr
0.91	EGHT	8x8 Common Stock Earnings Call This Week	Pair Corr
0.87	ELWS	Earlyworks Co,	Pair Corr
0.88	WBTN	WEBTOON Entertainment	Pair Corr
0.85	WDAY	Workday	Pair Corr
0.78	WFCF	Where Food Comes	Pair Corr
0.86	ESTC	Elastic NV	Pair Corr
0.89	ETWO	E2open Parent Holdings	Pair Corr
0.67	WALDW	Waldencast Acquisition	Pair Corr
0.75	EXFY	Expensify	Pair Corr
0.91	ANY	Sphere 3D Corp Earnings Call Next Week	Pair Corr
0.77	API	Agora Inc	Pair Corr
0.85	APP	Applovin Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AMSWA	ALKT	BLKB	ENFN	MNTV	CWAN	EXFY	MODN	ENV	IDBA
AMSWA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMSWA
ALKT	0.0		0.9	-0.08	0.0	0.62	0.79	0.0	0.0	0.0	ALKT
BLKB	0.0	0.9		0.06	0.0	0.51	0.77	0.0	0.0	0.0	BLKB
ENFN	0.0	-0.08	0.06		0.0	0.45	0.32	0.0	0.0	0.0	ENFN
MNTV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MNTV
CWAN	0.0	0.62	0.51	0.45	0.0		0.78	0.0	0.0	0.0	CWAN
EXFY	0.0	0.79	0.77	0.32	0.0	0.78		0.0	0.0	0.0	EXFY
MODN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MODN
ENV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ENV
IDBA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IDBA
	AMSWA	ALKT	BLKB	ENFN	MNTV	CWAN	EXFY	MODN	ENV	IDBA

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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

BLKB	+ 0.9	ALKT
EXFY	+ 0.79	ALKT
EXFY	+ 0.78	CWAN
EXFY	+ 0.77	BLKB
CWAN	+ 0.62	ALKT
CWAN	+ 0.51	BLKB

High negative correlations

ENFN	- 0.08	ALKT
IDBA	- 0.0	ENV
IDBA	- 0.0	MODN
ENV	- 0.0	MODN
IDBA	- 0.0	EXFY
ENV	- 0.0	EXFY

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AMSWA	0.00	0.00	0.00	0.00	0.00	0.00
ALKT	2.25	(0.24)	(0.29)	4.46	(4.37)	19.06
BLKB	1.57	(0.26)	(0.64)	2.30	(3.44)	14.16
ENFN	0.64	0.00	(0.13)	1.32	(1.31)	6.26
MNTV	0.00	0.00	0.00	0.00	0.00	0.00
CWAN	2.00	(0.17)	(0.27)	4.33	(4.59)	18.27
EXFY	3.04	(0.01)	(0.12)	4.27	(6.76)	28.83
MODN	0.00	0.00	0.00	0.00	0.00	0.00
ENV	0.00	0.00	0.00	0.00	0.00	0.00
IDBA	0.00	0.00	0.00	0.00	0.00	0.00

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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