Cass Information Correlations

CASS Stock

USD 43.34 0.33 0.77%

The current 90-days correlation between Cass Information Systems and Civeo Corp is 0.16 (i.e., Average diversification). The correlation of Cass Information 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.

Cass Information Correlation With Market

Good diversification

The correlation between Cass Information Systems and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cass Information Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cass Stock

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

Moving together with Cass Stock

0.64	BV	BrightView Holdings	Pair Corr
0.61	FA	First Advantage Corp	Pair Corr
0.67	LZ	LegalZoom	Pair Corr
0.79	DLHC	DLH Holdings Corp Earnings Call This Week	Pair Corr
0.61	DRVN	Driven Brands Holdings Earnings Call This Week	Pair Corr
0.87	VLTO	Veralto Earnings Call This Week	Pair Corr
0.67	BTM	Bitcoin Depot	Pair Corr
0.8	DLX	Deluxe Earnings Call This Week	Pair Corr
0.92	HNI	HNI Corp Earnings Call Today	Pair Corr
0.89	KAR	KAR Auction Services	Pair Corr
0.87	KFY	Korn Ferry	Pair Corr
0.87	MSA	MSA Safety	Pair Corr
0.79	STN	Stantec	Pair Corr
0.75	KELYA	Kelly Services A	Pair Corr
0.86	HDSN	Hudson Technologies Earnings Call This Week	Pair Corr
0.65	LNZA	LanzaTech Global	Pair Corr
0.85	MATW	Matthews International	Pair Corr
0.88	MLKN	MillerKnoll	Pair Corr

Moving against Cass Stock

0.69	VIRC	Virco Manufacturing	Pair Corr
0.64	VCIG	VCI Global Limited	Pair Corr
0.58	NL	NL Industries	Pair Corr
0.51	KBR	KBR Inc	Pair Corr
0.5	MG	Mistras Group Earnings Call This Week	Pair Corr
0.4	DSS	DSS Inc	Pair Corr
0.33	GFL	Gfl Environmental Earnings Call This Week	Pair Corr
0.32	WM	Waste Management	Pair Corr
0.81	AQMS	Aqua Metals	Pair Corr
0.62	CDTG	CDT Environmental	Pair Corr
0.46	ASGN	ASGN Inc	Pair Corr

Related Correlations Analysis

	FA	RTO	CBZ	CVEO	PFSW	DPUI	NTIP	BV	MMS	AZZ
FA		0.45	0.02	0.63	0.0	-0.71	0.18	0.91	0.68	0.5	FA
RTO	0.45		-0.07	0.37	0.0	-0.37	0.07	0.56	0.22	0.31	RTO
CBZ	0.02	-0.07		0.09	0.0	0.0	0.04	0.04	0.34	0.18	CBZ
CVEO	0.63	0.37	0.09		0.0	-0.33	0.44	0.6	0.35	0.82	CVEO
PFSW	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PFSW
DPUI	-0.71	-0.37	0.0	-0.33	0.0		0.03	-0.63	-0.48	-0.25	DPUI
NTIP	0.18	0.07	0.04	0.44	0.0	0.03		0.09	0.08	0.7	NTIP
BV	0.91	0.56	0.04	0.6	0.0	-0.63	0.09		0.71	0.47	BV
MMS	0.68	0.22	0.34	0.35	0.0	-0.48	0.08	0.71		0.37	MMS
AZZ	0.5	0.31	0.18	0.82	0.0	-0.25	0.7	0.47	0.37		AZZ
	FA	RTO	CBZ	CVEO	PFSW	DPUI	NTIP	BV	MMS	AZZ

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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

BV	+ 0.91	FA
AZZ	+ 0.82	CVEO
MMS	+ 0.71	BV
AZZ	+ 0.7	NTIP
MMS	+ 0.68	FA
CVEO	+ 0.63	FA

High negative correlations

DPUI	- 0.71	FA
BV	- 0.63	DPUI
MMS	- 0.48	DPUI
DPUI	- 0.37	RTO
DPUI	- 0.33	CVEO
AZZ	- 0.25	DPUI

Risk-Adjusted Indicators

There is a big difference between Cass Stock performing well and Cass Information 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 Cass Information'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
FA	2.04	0.45	0.10	(1.27)	1.86	(2.42)	4.93	(3.83)	23.89
RTO	1.21	0.15	0.01	0.75	1.28	(1.30)	3.15	(2.05)	8.87
CBZ	1.49	(0.24)	0.00	(0.10)	0.00	0.00	2.76	(2.83)	15.98
CVEO	1.35	0.24	0.09	0.56	1.52	(1.47)	2.30	(2.02)	10.06
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPUI	24.82	7.59	0.13	(0.93)	19.71	(88.33)	100.00	(50.00)	150.00
NTIP	1.74	0.15	0.04	0.36	2.30	(1.93)	4.80	(3.25)	11.09
BV	1.56	0.31	0.04	(1.22)	2.16	(1.70)	3.61	(2.54)	18.55
MMS	1.24	(0.06)	(0.04)	0.11	1.31	(1.43)	2.18	(1.93)	16.21
AZZ	1.41	0.25	0.20	0.36	1.06	(1.68)	3.49	(2.13)	6.93

Cass Information Corporate Executives

Elected by the shareholders, the Cass Information's board of directors comprises two types of representatives: Cass Information inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cass. The board's role is to monitor Cass Information's management team and ensure that shareholders' interests are well served. Cass Information's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cass Information's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Michael CPA	Executive CFO	Profile
	Michael Normile	Executive CFO	Profile

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