Agilysys Correlations

AGYS Stock

USD 92.44 0.41 0.45%

The current 90-days correlation between Agilysys and Alkami Technology is 0.43 (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

Significant diversification

The correlation between Agilysys and DJI is 0.09 (i.e., Significant 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.

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

0.83	DJCO	Daily Journal Corp	Pair Corr
0.64	AI	C3 Ai Inc	Pair Corr
0.61	WK	Workiva	Pair Corr

Moving against Agilysys Stock

0.44	VS	Versus Systems	Pair Corr
0.6	VTEX	VTEX	Pair Corr
0.36	EVOL	Evolving Systems	Pair Corr

Related Correlations Analysis

	ALKT	MIXT	ADEA	PYCR	AMSWA	APPF	ENFN	DHX	CVLT	ENV
ALKT		0.38	0.06	-0.45	-0.22	0.07	-0.23	-0.58	0.4	-0.66	ALKT
MIXT	0.38		-0.57	-0.78	-0.86	-0.68	-0.76	-0.45	0.12	-0.28	MIXT
ADEA	0.06	-0.57		0.52	0.44	0.53	0.47	0.19	-0.15	0.23	ADEA
PYCR	-0.45	-0.78	0.52		0.76	0.77	0.88	0.73	0.06	0.45	PYCR
AMSWA	-0.22	-0.86	0.44	0.76		0.7	0.82	0.48	0.02	0.23	AMSWA
APPF	0.07	-0.68	0.53	0.77	0.7		0.82	0.34	0.43	-0.07	APPF
ENFN	-0.23	-0.76	0.47	0.88	0.82	0.82		0.66	0.14	0.32	ENFN
DHX	-0.58	-0.45	0.19	0.73	0.48	0.34	0.66		-0.25	0.78	DHX
CVLT	0.4	0.12	-0.15	0.06	0.02	0.43	0.14	-0.25		-0.56	CVLT
ENV	-0.66	-0.28	0.23	0.45	0.23	-0.07	0.32	0.78	-0.56		ENV
	ALKT	MIXT	ADEA	PYCR	AMSWA	APPF	ENFN	DHX	CVLT	ENV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ENFN	+ 0.88	PYCR
ENFN	+ 0.82	AMSWA
ENFN	+ 0.82	APPF
ENV	+ 0.78	DHX
APPF	+ 0.77	PYCR
AMSWA	+ 0.76	PYCR

High negative correlations

AMSWA	- 0.86	MIXT
PYCR	- 0.78	MIXT
ENFN	- 0.76	MIXT
APPF	- 0.68	MIXT
ENV	- 0.66	ALKT
DHX	- 0.58	ALKT

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
ALKT	2.01	(0.11)	0.00	(0.07)	0.00	0.00	3.76	(5.27)	12.66
MIXT	2.00	(0.20)	0.00	(0.42)	0.00	0.00	3.52	(3.34)	12.12
ADEA	2.02	0.16	0.02	2.04	3.98	(1.92)	4.95	(3.75)	28.06
PYCR	1.67	0.70	0.39	1.97	0.93	(2.06)	3.37	(2.88)	26.32
AMSWA	1.44	0.31	0.15	(0.89)	1.18	(1.67)	3.79	(2.53)	10.40
APPF	1.63	0.32	0.16	0.44	1.64	(1.90)	3.36	(3.87)	15.04
ENFN	1.66	0.35	0.14	1.83	1.82	(1.99)	3.77	(3.40)	9.86
DHX	2.79	0.81	0.26	2.33	2.32	(3.69)	7.06	(4.29)	19.85
CVLT	1.64	(0.16)	0.00	(0.08)	0.00	0.00	3.10	(3.36)	12.55
ENV	0.09	0.00	(0.53)	(0.33)	0.09	(0.10)	0.22	(0.22)	0.68

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC