Agilysys Correlations

AGYS Stock

USD 114.62 1.91 1.69%

The current 90-days correlation between Agilysys and Blackline is 0.06 (i.e., Significant diversification). The correlation of Agilysys 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.

Agilysys Correlation With Market

Good diversification

The correlation between Agilysys and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agilysys and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Agilysys Stock

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

For more information on how to buy Agilysys Stock please use our How to Invest in Agilysys guide.

Moving together with Agilysys Stock

0.67

Daqo New Energy

Pair Corr

Moving against Agilysys Stock

0.36	EVCM	EverCommerce	Pair Corr
0.35	TYL	Tyler Technologies	Pair Corr
0.33	SAP	SAP SE ADR	Pair Corr
0.39	MCHP	Microchip Technology	Pair Corr

Related Correlations Analysis

	BL	GBTG	PTRN	DAVE	ASAN	VERX	FRSH	KC	NAVN	BLKB
BL		0.07	-0.2	0.0	0.25	-0.52	0.62	-0.45	0.11	0.02	BL
GBTG	0.07		-0.18	0.46	0.54	0.38	-0.08	0.04	0.09	0.44	GBTG
PTRN	-0.2	-0.18		0.45	-0.2	0.2	-0.66	0.44	0.44	-0.2	PTRN
DAVE	0.0	0.46	0.45		0.3	0.39	-0.47	0.06	0.53	0.36	DAVE
ASAN	0.25	0.54	-0.2	0.3		0.48	0.21	-0.1	-0.24	0.66	ASAN
VERX	-0.52	0.38	0.2	0.39	0.48		-0.49	0.55	-0.17	0.55	VERX
FRSH	0.62	-0.08	-0.66	-0.47	0.21	-0.49		-0.51	-0.41	-0.01	FRSH
KC	-0.45	0.04	0.44	0.06	-0.1	0.55	-0.51		-0.11	0.03	KC
NAVN	0.11	0.09	0.44	0.53	-0.24	-0.17	-0.41	-0.11		0.03	NAVN
BLKB	0.02	0.44	-0.2	0.36	0.66	0.55	-0.01	0.03	0.03		BLKB
	BL	GBTG	PTRN	DAVE	ASAN	VERX	FRSH	KC	NAVN	BLKB

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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

BLKB	+ 0.66	ASAN
FRSH	+ 0.62	BL
KC	+ 0.55	VERX
BLKB	+ 0.55	VERX
ASAN	+ 0.54	GBTG
NAVN	+ 0.53	DAVE

High negative correlations

FRSH	- 0.66	PTRN
VERX	- 0.52	BL
KC	- 0.51	FRSH
FRSH	- 0.49	VERX
FRSH	- 0.47	DAVE
KC	- 0.45	BL

Risk-Adjusted Indicators

There is a big difference between Agilysys Stock performing well and Agilysys 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 Agilysys' 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
BL	1.49	0.02	0.01	0.11	1.97	(1.48)	3.08	(3.41)	10.66
GBTG	1.88	(0.22)	0.00	(0.03)	0.00	0.00	3.82	(4.08)	13.45
PTRN	3.35	(0.08)	0.00	0.05	4.05	(3.78)	9.15	(6.68)	30.40
DAVE	3.38	(0.40)	0.00	(0.02)	0.00	0.00	6.01	(8.15)	22.77
ASAN	2.02	(0.46)	0.00	(0.34)	0.00	0.00	3.44	(5.47)	15.87
VERX	1.74	(0.49)	0.00	(0.28)	0.00	0.00	3.45	(4.81)	15.08
FRSH	1.54	0.01	(0.03)	0.12	1.95	(1.72)	3.12	(3.10)	8.44
KC	2.52	(0.14)	0.00	(0.07)	0.00	0.00	4.77	(4.70)	26.30
NAVN	3.92	(0.55)	0.00	(0.33)	0.00	0.00	9.63	(10.70)	21.66
BLKB	1.66	(0.19)	0.00	(0.39)	0.00	0.00	2.59	(4.13)	11.92

Agilysys Corporate Management

Jessica Hennessy	Senior Relations	Profile
Ben Curtis	Managing EMEA	Profile
Frank Pitsikalis	Senior Strategy	Profile
Chris Robertson	Other - Corporate Controller and Treasurer	Profile
Sethuram Shivashankar	Senior Officer	Profile

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