OneSpan Correlations

OSPN Stock

USD 12.24 0.04 0.33%

The current 90-days correlation between OneSpan and CiT Inc is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OneSpan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OneSpan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OneSpan Correlation With Market

Modest diversification

The correlation between OneSpan and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneSpan and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with OneSpan Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneSpan. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with OneSpan Stock

0.71

NOW

ServiceNow

Pair Corr

Moving against OneSpan Stock

0.51	300369	Nsfocus Information	Pair Corr
0.5	600756	Inspur Software	Pair Corr
0.48	PKX	POSCO Holdings	Pair Corr
0.31	PIFMY	Indofood Sukses Makmur	Pair Corr
0.31	CGUD	Com GuardCom	Pair Corr
0.31	GEBHF	Genting Berhad	Pair Corr
0.31	MPXOF	MPX International Corp	Pair Corr
0.46	YCQH	YCQH Agricultural	Pair Corr

Related Correlations Analysis

	CINT	PRTH	CCSI	CGNT	DJCO	DAVA	IMXI	BKKT	BMBL	BLZE
CINT		0.44	0.18	0.53	0.5	0.5	-0.3	-0.76	0.8	-0.13	CINT
PRTH	0.44		-0.09	0.48	0.47	0.67	-0.11	-0.48	0.62	-0.01	PRTH
CCSI	0.18	-0.09		-0.21	0.19	-0.43	0.41	0.15	0.22	0.71	CCSI
CGNT	0.53	0.48	-0.21		0.29	0.63	-0.29	-0.63	0.42	-0.38	CGNT
DJCO	0.5	0.47	0.19	0.29		0.33	-0.01	-0.42	0.58	-0.06	DJCO
DAVA	0.5	0.67	-0.43	0.63	0.33		-0.19	-0.67	0.38	-0.62	DAVA
IMXI	-0.3	-0.11	0.41	-0.29	-0.01	-0.19		0.16	-0.22	0.3	IMXI
BKKT	-0.76	-0.48	0.15	-0.63	-0.42	-0.67	0.16		-0.66	0.43	BKKT
BMBL	0.8	0.62	0.22	0.42	0.58	0.38	-0.22	-0.66		0.06	BMBL
BLZE	-0.13	-0.01	0.71	-0.38	-0.06	-0.62	0.3	0.43	0.06		BLZE
	CINT	PRTH	CCSI	CGNT	DJCO	DAVA	IMXI	BKKT	BMBL	BLZE

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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

BMBL	+ 0.8	CINT
BLZE	+ 0.71	CCSI
DAVA	+ 0.67	PRTH
DAVA	+ 0.63	CGNT
BMBL	+ 0.62	PRTH
BMBL	+ 0.58	DJCO

High negative correlations

BKKT	- 0.76	CINT
BKKT	- 0.67	DAVA
BMBL	- 0.66	BKKT
BKKT	- 0.63	CGNT
BLZE	- 0.62	DAVA
BKKT	- 0.48	PRTH

Risk-Adjusted Indicators

There is a big difference between OneSpan Stock performing well and OneSpan 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 OneSpan'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
CINT	2.25	(0.38)	0.00	(0.16)	0.00	0.00	4.63	(4.74)	21.04
PRTH	2.74	(0.87)	0.00	(0.14)	0.00	0.00	5.38	(4.84)	36.83
CCSI	2.26	0.03	0.05	0.10	3.22	(2.47)	5.01	(3.54)	29.60
CGNT	1.86	(0.22)	0.00	(0.06)	0.00	0.00	3.68	(3.39)	17.10
DJCO	2.54	(0.08)	(0.02)	0.01	4.13	(2.35)	6.18	(6.51)	19.80
DAVA	2.79	(0.48)	0.00	(0.13)	0.00	0.00	5.80	(6.11)	36.95
IMXI	2.00	1.05	1.22	(0.82)	0.00	(2.64)	1.45	(1.10)	61.92
BKKT	8.48	1.42	0.24	0.34	6.64	(10.24)	28.61	(11.76)	62.06
BMBL	2.67	(0.81)	0.00	(0.18)	0.00	0.00	3.62	(4.19)	31.43
BLZE	3.26	(0.30)	0.00	(0.02)	0.00	0.00	6.89	(6.15)	42.90

OneSpan Corporate Management

Tom Aurelio	Chief Officer	Profile
Michael Lillie	Chief Officer	Profile
Lara Mataac	General Officer	Profile
Samy Ibrahim	Senior Solutions	Profile
Jorge Martell	Chief Officer	Profile
Sarah Hanel	Senior Communications	Profile
Sameer Hajarnis	Senior Agreements	Profile

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