Agilysys Correlations

AGYS Stock

USD 72.17 1.18 1.61%

The current 90-days correlation between Agilysys and Blackline is 0.55 (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 -0.65 (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 services.

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

Moving together with Agilysys Stock

0.69	9NY	BYTES TECHGRP LS	Pair Corr
0.96	BL	Blackline	Pair Corr
0.94	DT	Dynatrace Holdings LLC	Pair Corr
0.78	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.93	35U	PAR TECHNOLOGY DL	Pair Corr
0.92	MQ	Marqeta Earnings Call This Week	Pair Corr
0.93	PD	Pagerduty	Pair Corr
0.85	VS	Versus Systems	Pair Corr
0.95	WK	Workiva Sell-off Trend	Pair Corr
0.62	MTLO	Martello Technologies	Pair Corr
0.88	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.89	RM	RM Plc	Pair Corr
0.93	2TY	PagerDuty	Pair Corr
0.96	DOCU	DocuSign	Pair Corr
0.7	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.88	1Q5	Dropbox	Pair Corr
0.91	VERI	Veritone	Pair Corr
0.87	VERX	Vertex Tech Boost	Pair Corr
0.92	6NCA	NCINO INC DL	Pair Corr
0.93	DSGX	Descartes Systems	Pair Corr
0.94	LY0	Lyft Inc	Pair Corr
0.73	DTCX	Datacentrex Symbol Change	Pair Corr
0.8	0M5	Bill Holdings	Pair Corr
0.92	AN5	Alpha Systems	Pair Corr

Moving against Agilysys Stock

0.86	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.83	RNI	OXFORD METRICS LS	Pair Corr
0.78	DSG	Dillistone Group PLC	Pair Corr
0.75	JG	Aurora Mobile	Pair Corr
0.53	TRB	Tribal Group plc	Pair Corr
0.5	LUS1	Lang Schwarz Aktieng	Pair Corr
0.78	89P	CLAVISTER HOLDING	Pair Corr
0.77	MKQ	Mitek Systems	Pair Corr
0.39	EGHT	8x8 Common Stock	Pair Corr

Related Correlations Analysis

	BL	GBTG	PTRN	DAVE	ASAN	VERX	FRSH	KC	NAVN	BLKB
BL		0.95	0.56	0.7	0.96	0.95	0.97	-0.66	0.87	0.89	BL
GBTG	0.95		0.55	0.75	0.94	0.95	0.94	-0.7	0.9	0.91	GBTG
PTRN	0.56	0.55		0.18	0.41	0.63	0.57	-0.02	0.54	0.29	PTRN
DAVE	0.7	0.75	0.18		0.73	0.66	0.62	-0.72	0.83	0.76	DAVE
ASAN	0.96	0.94	0.41	0.73		0.91	0.95	-0.74	0.81	0.94	ASAN
VERX	0.95	0.95	0.63	0.66	0.91		0.96	-0.64	0.85	0.87	VERX
FRSH	0.97	0.94	0.57	0.62	0.95	0.96		-0.64	0.81	0.9	FRSH
KC	-0.66	-0.7	-0.02	-0.72	-0.74	-0.64	-0.64		-0.63	-0.73	KC
NAVN	0.87	0.9	0.54	0.83	0.81	0.85	0.81	-0.63		0.82	NAVN
BLKB	0.89	0.91	0.29	0.76	0.94	0.87	0.9	-0.73	0.82		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

FRSH	+ 0.97	BL
ASAN	+ 0.96	BL
FRSH	+ 0.96	VERX
GBTG	+ 0.95	BL
VERX	+ 0.95	BL
VERX	+ 0.95	GBTG

High negative correlations

KC	- 0.74	ASAN
BLKB	- 0.73	KC
KC	- 0.72	DAVE
KC	- 0.7	GBTG
KC	- 0.66	BL
KC	- 0.64	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	2.15	(0.80)	0.00	(0.30)	0.00	0.00	3.01	(7.06)	15.09
GBTG	2.39	(0.52)	0.00	(0.18)	0.00	0.00	4.56	(6.32)	17.40
PTRN	3.67	(0.62)	0.00	(0.15)	0.00	0.00	9.15	(10.31)	25.95
DAVE	3.10	(0.19)	0.00	0.02	4.50	(2.85)	6.01	(6.67)	26.09
ASAN	2.73	(0.89)	0.00	(0.45)	0.00	0.00	4.49	(7.03)	17.13
VERX	2.51	(0.53)	0.00	(0.26)	0.00	0.00	5.96	(5.41)	21.09
FRSH	2.61	(0.51)	0.00	43.41	0.00	0.00	4.07	(7.60)	22.32
KC	3.35	0.17	0.05	0.24	3.54	(3.72)	8.10	(5.25)	30.56
NAVN	4.06	(0.73)	0.00	(0.20)	0.00	0.00	8.28	(9.32)	21.66
BLKB	2.00	(0.16)	0.00	0.49	0.00	0.00	2.87	(5.28)	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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