Usio Correlations
| USIO Stock | USD 1.59 0.05 3.25% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Usio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Usio Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Usio Correlation With Market
Good diversification
The correlation between Usio Inc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Usio Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Usio Stock
| 0.72 | S | SentinelOne | PairCorr |
| 0.66 | VERI | Veritone | PairCorr |
| 0.86 | VRAR | Glimpse Group | PairCorr |
| 0.7 | VRNS | Varonis Systems | PairCorr |
| 0.66 | VRNT | Verint Systems | PairCorr |
| 0.67 | FIVN | Five9 Inc Earnings Call This Week | PairCorr |
| 0.72 | FAASW | DigiAsia Corp | PairCorr |
| 0.77 | FLYW | Flywire Corp | PairCorr |
| 0.75 | DBX | Dropbox | PairCorr |
| 0.66 | DLO | Dlocal | PairCorr |
| 0.63 | IOT | Samsara | PairCorr |
| 0.67 | MDB | MongoDB | PairCorr |
| 0.63 | LIDRW | AEye Inc | PairCorr |
| 0.8 | RPD | Rapid7 Inc | PairCorr |
| 0.81 | TDC | Teradata Corp | PairCorr |
| 0.71 | TLS | Telos Corp | PairCorr |
Moving against Usio Stock
| 0.79 | VRSN | VeriSign Buyout Trend | PairCorr |
| 0.49 | EVTC | Evertec Earnings Call This Week | PairCorr |
| 0.41 | MQ | Marqeta | PairCorr |
| 0.83 | SWI | SolarWinds Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Usio Stock performing well and Usio 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 Usio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APXYY | 5.35 | (0.65) | 0.00 | (1.15) | 0.00 | 9.88 | 53.68 | |||
| VEII | 2.18 | (0.30) | 0.00 | (1.11) | 0.00 | 0.00 | 69.39 | |||
| APPEF | 3.13 | (0.74) | 0.00 | (0.59) | 0.00 | 1.79 | 68.71 | |||
| DVRNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DCSX | 3.23 | (0.68) | 0.00 | (5.13) | 0.00 | 7.39 | 55.01 | |||
| CGEMY | 1.89 | (0.01) | 0.00 | (0.15) | 0.00 | 2.96 | 16.87 | |||
| QUISF | 2.44 | 0.71 | 0.22 | 9.04 | 1.57 | 4.00 | 48.72 | |||
| AGILW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEXAF | 118,652 | 63,162 | 1,573 | 664.72 | 0.00 | 999,900 | 1,125,000 | |||
| AEXAY | 1.49 | (0.76) | 0.00 | (18.81) | 0.00 | 0.00 | 50.00 |