CSG Systems Correlations

CSGS Stock

USD 63.32 0.41 0.64%

The current 90-days correlation between CSG Systems International and Evertec is 0.54 (i.e., Very weak diversification). The correlation of CSG Systems 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.

CSG Systems Correlation With Market

Very weak diversification

The correlation between CSG Systems International and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSG Systems International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CSG Stock

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

Moving together with CSG Stock

0.83	BV	BrightView Holdings	Pair Corr
0.74	FA	First Advantage Corp	Pair Corr
0.71	FC	Franklin Covey	Pair Corr
0.82	LZ	LegalZoom	Pair Corr
0.67	DLHC	DLH Holdings Corp Earnings Call This Week	Pair Corr
0.7	DXST	Decent Holding Ordinary	Pair Corr
0.74	VLTO	Veralto Earnings Call This Week	Pair Corr
0.73	VRSK	Verisk Analytics Earnings Call This Week	Pair Corr
0.75	VSEC	VSE Corporation Earnings Call This Week	Pair Corr
0.72	EEFT	Euronet Worldwide	Pair Corr
0.64	HNI	HNI Corp	Pair Corr
0.72	YXT	YXTCOM GROUP HOLDING Earnings Call This Week	Pair Corr
0.68	HDSN	Hudson Technologies Earnings Call This Week	Pair Corr

Moving against CSG Stock

0.78	MG	Mistras Group Earnings Call This Week	Pair Corr
0.66	G	Genpact Limited	Pair Corr
0.5	WFCF	Where Food Comes	Pair Corr
0.42	NL	NL Industries	Pair Corr
0.4	SMX	SMX Public Limited	Pair Corr
0.71	CDTG	CDT Environmental	Pair Corr

Related Correlations Analysis

	EVTC	CCSI	GB	EXLS	BLKB	CRVL	DOX	TTEC
EVTC		0.86	0.4	0.58	0.09	0.32	0.82	0.56	EVTC
CCSI	0.86		0.25	0.34	0.41	-0.02	0.85	0.62	CCSI
GB	0.4	0.25		0.37	-0.27	0.32	0.31	-0.08	GB
EXLS	0.58	0.34	0.37		-0.37	0.62	0.47	0.06	EXLS
BLKB	0.09	0.41	-0.27	-0.37		-0.42	0.16	0.27	BLKB
CRVL	0.32	-0.02	0.32	0.62	-0.42		-0.05	-0.36	CRVL
DOX	0.82	0.85	0.31	0.47	0.16	-0.05		0.65	DOX
TTEC	0.56	0.62	-0.08	0.06	0.27	-0.36	0.65		TTEC
	EVTC	CCSI	GB	EXLS	BLKB	CRVL	DOX	TTEC

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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

CCSI	+ 0.86	EVTC
DOX	+ 0.85	CCSI
DOX	+ 0.82	EVTC
TTEC	+ 0.65	DOX
TTEC	+ 0.62	CCSI
CRVL	+ 0.62	EXLS

High negative correlations

CRVL	- 0.42	BLKB
BLKB	- 0.37	EXLS
TTEC	- 0.36	CRVL
BLKB	- 0.27	GB
TTEC	- 0.08	GB
DOX	- 0.05	CRVL

Risk-Adjusted Indicators

There is a big difference between CSG Stock performing well and CSG Systems 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 CSG Systems' 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
EVTC	1.11	(0.21)	(0.11)	0.05	1.54	(1.05)	2.35	(2.57)	6.43
CCSI	1.82	(0.16)	0.02	0.15	2.56	(1.89)	3.98	(3.91)	14.27
GB	0.24	(0.03)	0.00	(0.16)	0.00	0.00	0.40	(0.40)	3.25
EXLS	1.27	(0.27)	0.00	(0.02)	0.00	0.00	2.06	(3.79)	14.09
BLKB	1.20	(0.13)	(0.07)	0.11	1.66	(1.19)	2.45	(2.18)	8.30
CRVL	1.24	(0.54)	0.00	(0.31)	0.00	0.00	2.45	(3.61)	7.04
DOX	0.88	(0.05)	(0.10)	0.16	1.04	(0.87)	1.60	(1.59)	6.14
TTEC	2.90	0.42	0.15	0.65	2.42	(3.62)	5.73	(4.52)	38.99

CSG Systems Corporate Management

Jim Daley	Cable Broadband	Profile
Doran Stienike	Chief Officer	Profile
Patrick Costello	VP Controller	Profile
Michael Woods	Media Communications	Profile
John CFA	Head Relations	Profile
Ian Watterson	Head Pacific	Profile

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