Agilysys Correlations

AGYS Stock

USD 86.01 1.93 2.30%

The current 90-days correlation between Agilysys and Blackline is 0.45 (i.e., Very weak 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

Excellent diversification

The correlation between Agilysys and DJI is -0.59 (i.e., Excellent 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 producer price index.

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	U	Unity Software	Pair Corr
0.88	DT	Dynatrace Holdings LLC	Pair Corr
0.84	MQ	Marqeta	Pair Corr
0.79	PD	Pagerduty	Pair Corr
0.78	DOMO	Domo Inc	Pair Corr
0.68	ESTC	Elastic NV	Pair Corr
0.85	TTD	Trade Desk	Pair Corr
0.84	HUBS	HubSpot	Pair Corr
0.92	INTU	Intuit Inc	Pair Corr
0.8	LPSN	LivePerson	Pair Corr
0.82	MNDY	MondayCom Earnings Call Tomorrow	Pair Corr
0.91	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.71	PHUN	Phunware	Pair Corr
0.89	ADSK	Autodesk	Pair Corr
0.85	TEAM	Atlassian Corp Plc	Pair Corr
0.64	DDOG	Datadog Earnings Call This Week	Pair Corr

Moving against Agilysys Stock

0.73	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.61	ASUR	Asure Software	Pair Corr
0.94	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.9	CVX	Chevron Corp	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.7	MRK	Merck Company Aggressive Push	Pair Corr
0.67	BA	Boeing	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.57	HD	Home Depot	Pair Corr
0.53	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.45	GLUC	Glucose Health	Pair Corr

Related Correlations Analysis

	BL	GBTG	PTRN	DAVE	ASAN	VERX	FRSH	KC	NAVN	BLKB
BL		0.84	0.0	0.64	0.92	0.83	0.89	-0.49	0.63	0.88	BL
GBTG	0.84		-0.03	0.7	0.8	0.76	0.73	-0.51	0.68	0.82	GBTG
PTRN	0.0	-0.03		0.24	-0.1	0.18	-0.19	0.33	0.42	-0.16	PTRN
DAVE	0.64	0.7	0.24		0.65	0.58	0.36	-0.55	0.86	0.66	DAVE
ASAN	0.92	0.8	-0.1	0.65		0.74	0.85	-0.61	0.53	0.92	ASAN
VERX	0.83	0.76	0.18	0.58	0.74		0.79	-0.33	0.65	0.82	VERX
FRSH	0.89	0.73	-0.19	0.36	0.85	0.79		-0.42	0.37	0.82	FRSH
KC	-0.49	-0.51	0.33	-0.55	-0.61	-0.33	-0.42		-0.39	-0.61	KC
NAVN	0.63	0.68	0.42	0.86	0.53	0.65	0.37	-0.39		0.59	NAVN
BLKB	0.88	0.82	-0.16	0.66	0.92	0.82	0.82	-0.61	0.59		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

ASAN	+ 0.92	BL
BLKB	+ 0.92	ASAN
FRSH	+ 0.89	BL
BLKB	+ 0.88	BL
NAVN	+ 0.86	DAVE
FRSH	+ 0.85	ASAN

High negative correlations

BLKB	- 0.61	KC
KC	- 0.61	ASAN
KC	- 0.55	DAVE
KC	- 0.51	GBTG
KC	- 0.49	BL
KC	- 0.42	FRSH

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	1.87	(0.50)	0.00	(0.26)	0.00	0.00	2.73	(5.51)	12.75
GBTG	2.19	(0.58)	0.00	(0.26)	0.00	0.00	3.82	(6.32)	15.25
PTRN	3.54	(0.58)	0.00	(0.16)	0.00	0.00	7.93	(10.08)	25.95
DAVE	3.41	(0.62)	0.00	(0.08)	0.00	0.00	6.01	(8.15)	19.07
ASAN	2.33	(0.77)	0.00	(0.56)	0.00	0.00	3.55	(6.34)	15.87
VERX	1.91	(0.49)	0.00	(0.29)	0.00	0.00	5.04	(4.81)	21.09
FRSH	2.04	(0.40)	0.00	(0.29)	0.00	0.00	3.12	(5.31)	16.54
KC	3.01	0.05	0.01	0.13	3.20	(3.44)	8.10	(4.76)	29.29
NAVN	4.06	(0.74)	0.00	(0.29)	0.00	0.00	8.28	(9.32)	21.66
BLKB	1.90	(0.50)	0.00	(0.47)	0.00	0.00	2.57	(4.33)	12.40

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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