CSG Systems Correlations

CSGS Stock

USD 51.09 2.17 4.44%

The current 90-days correlation between CSG Systems International and NetScout Systems is 0.47 (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 0.59 (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.

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

0.71	S	SentinelOne	Pair Corr
0.74	SQ	Block Inc	Pair Corr
0.65	DOCN	DigitalOcean Holdings	Pair Corr
0.66	VERI	Veritone	Pair Corr
0.63	VRSN	VeriSign	Pair Corr
0.82	FOUR	Shift4 Payments	Pair Corr
0.77	DBX	Dropbox	Pair Corr
0.76	DOX	Amdocs	Pair Corr
0.73	GEN	Gen Digital	Pair Corr
0.71	FTNT	Fortinet	Pair Corr
0.61	IOT	Samsara	Pair Corr

Moving against CSG Stock

0.48	VRNT	Verint Systems	Pair Corr
0.46	VHAI	VHAI	Pair Corr
0.42	VRAR	Glimpse Group	Pair Corr
0.42	FIVN	Five9 Inc	Pair Corr
0.59	LIDRW	AEye Inc	Pair Corr
0.59	TCX	Tucows Inc	Pair Corr
0.36	PGY	Pagaya Technologies	Pair Corr
0.31	FLYW	Flywire Corp	Pair Corr

Related Correlations Analysis

	NTCT	CCSI	ESMT	FORG	STER	SCWX	EVTC	LSAK	PRTH
NTCT		0.59	0.35	-0.13	0.64	0.6	0.44	0.54	0.59	NTCT
CCSI	0.59		0.21	-0.08	0.32	0.41	0.57	0.17	0.6	CCSI
ESMT	0.35	0.21		0.12	0.79	0.6	0.02	0.35	0.5	ESMT
FORG	-0.13	-0.08	0.12		-0.11	-0.05	-0.25	0.1	-0.27	FORG
STER	0.64	0.32	0.79	-0.11		0.74	0.06	0.68	0.54	STER
SCWX	0.6	0.41	0.6	-0.05	0.74		0.18	0.56	0.37	SCWX
EVTC	0.44	0.57	0.02	-0.25	0.06	0.18		-0.1	0.59	EVTC
LSAK	0.54	0.17	0.35	0.1	0.68	0.56	-0.1		0.05	LSAK
PRTH	0.59	0.6	0.5	-0.27	0.54	0.37	0.59	0.05		PRTH
	NTCT	CCSI	ESMT	FORG	STER	SCWX	EVTC	LSAK	PRTH

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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

STER	+ 0.79	ESMT
SCWX	+ 0.74	STER
LSAK	+ 0.68	STER
STER	+ 0.64	NTCT
SCWX	+ 0.6	NTCT
PRTH	+ 0.6	CCSI

High negative correlations

PRTH	- 0.27	FORG
EVTC	- 0.25	FORG
FORG	- 0.13	NTCT
STER	- 0.11	FORG
LSAK	- 0.1	EVTC
FORG	- 0.08	CCSI

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
NTCT	1.56	(0.01)	0.08	0.16	1.50	(1.77)	3.60	(2.84)	7.96
CCSI	2.18	0.16	0.16	0.24	1.93	(2.62)	6.28	(3.47)	12.46
ESMT	1.57	0.02	(0.03)	0.21	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	(0.02)	0.00	(1.59)	0.00	0.00	1.78	(1.49)	6.71
STER	0.66	0.08	(0.07)	1.75	0.93	(0.71)	1.77	(1.22)	7.04
SCWX	2.72	0.15	0.05	0.30	2.96	(3.64)	7.68	(5.68)	29.19
EVTC	1.10	(0.10)	(0.05)	0.08	1.38	(1.19)	2.22	(1.96)	7.72
LSAK	2.02	0.41	0.06	(0.89)	2.45	(2.23)	6.07	(4.21)	18.75
PRTH	3.72	0.00	0.10	0.17	3.94	(4.18)	10.92	(5.65)	20.29

CSG Systems Corporate Management

Doran Stienike	Chief Officer	Profile
Patrick Costello	VP Controller	Profile
John CFA	Head Relations	Profile
Ian Watterson	Head Pacific	Profile

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