CoreCard Corp Correlations

CCRD Stock

USD 28.97 0.40 1.40%

The current 90-days correlation between CoreCard Corp and Alkami Technology is 0.3 (i.e., Weak diversification). The correlation of CoreCard Corp 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.

CoreCard Corp Correlation With Market

Weak diversification

The correlation between CoreCard Corp and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CoreCard Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CoreCard Stock

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

For information on how to trade CoreCard Stock refer to our How to Trade CoreCard Stock guide.

Moving together with CoreCard Stock

0.66	U	Unity Software Aggressive Push	Pair Corr
0.63	DJCO	Daily Journal Corp	Pair Corr
0.77	AI	C3 Ai Inc	Pair Corr
0.89	BL	Blackline	Pair Corr
0.91	DT	Dynatrace Holdings LLC	Pair Corr
0.83	DV	DoubleVerify Holdings	Pair Corr
0.83	EB	Eventbrite Class A	Pair Corr
0.61	VS	Versus Systems	Pair Corr
0.92	DOMO	Domo Inc Upward Rally	Pair Corr
0.84	VERB	Verb Technology	Pair Corr
0.72	DUOT	Duos Technologies	Pair Corr
0.89	VTEX	VTEX Downward Rally	Pair Corr
0.88	EGAN	eGain	Pair Corr
0.94	ETWO	E2open Parent Holdings	Pair Corr
0.86	API	Agora Inc	Pair Corr
0.75	APP	Applovin Corp	Pair Corr

Moving against CoreCard Stock

0.57	QH	Quhuo Tech Boost	Pair Corr
0.52	VERX	Vertex	Pair Corr
0.38	VBIX	Viewbix Common Stock	Pair Corr
0.36	WK	Workiva	Pair Corr
0.85	WETO	Webus International Tech Boost	Pair Corr
0.84	VMEO	Vimeo Inc	Pair Corr
0.77	WALDW	Waldencast Acquisition	Pair Corr
0.77	EXFY	Expensify	Pair Corr
0.66	EPWK	EPWK Holdings	Pair Corr
0.58	FICO	Fair Isaac	Pair Corr
0.49	WALD	Waldencast Acquisition	Pair Corr
0.34	WFCF	Where Food Comes	Pair Corr
0.82	FRGT	Freight Technologies	Pair Corr
0.51	HKD	AMTD Digital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ALKT	KARO	ASPT	EMBT	CMNT
ALKT		0.65	0.0	0.0	0.0	ALKT
KARO	0.65		0.0	0.0	0.0	KARO
ASPT	0.0	0.0		0.0	0.0	ASPT
EMBT	0.0	0.0	0.0		0.0	EMBT
CMNT	0.0	0.0	0.0	0.0		CMNT
	ALKT	KARO	ASPT	EMBT	CMNT

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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

KARO	+ 0.65	ALKT
ASPT	+ 0.0	ALKT
EMBT	+ 0.0	ALKT
CMNT	+ 0.0	ALKT
ASPT	+ 0.0	KARO
EMBT	+ 0.0	KARO

High negative correlations

CMNT	- 0.0	EMBT
CMNT	- 0.0	ASPT
EMBT	- 0.0	ASPT
CMNT	- 0.0	KARO
EMBT	- 0.0	KARO
ASPT	- 0.0	KARO

Risk-Adjusted Indicators

There is a big difference between CoreCard Stock performing well and CoreCard Corp 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 CoreCard Corp'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
ALKT	2.04	0.01	0.03	0.14	2.16	(2.38)	4.82	(4.41)	11.33
KARO	2.47	0.31	0.07	0.42	4.38	(2.59)	6.11	(3.83)	34.03
ASPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMBT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

CoreCard Corp Corporate Management

Elizabeth Camp	Independent Director	Profile
Philip Moise	Independent Director	Profile
A Chandler	Independent Director	Profile
Karen Reynolds	Adviser	Profile

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