American Software Correlations

Summary

AMSWADelisted Stock

USD 10.77 0.26 2.47%

The current 90-days correlation between American Software and Agilysys is -0.06 (i.e., Good diversification). The correlation of American Software 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.

American Software Correlation With Market

Good diversification

The correlation between American Software and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Software and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with American Stock

0.7	FSTF	First State Financial	Pair Corr
0.68	BAC	Bank of America Aggressive Push	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.62	DIS	Walt Disney Aggressive Push	Pair Corr
0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	HD	Home Depot	Pair Corr

Moving against American Stock

0.55	KO	Coca Cola Aggressive Push	Pair Corr
0.43	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.36	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	PYCR	APPF	AGYS	MIXT	MLNK	MODN	CCRD	MNTV	ALKT	ASUR
PYCR		0.17	0.55	-0.44	0.43	0.23	0.81	0.18	0.68	0.21	PYCR
APPF	0.17		0.03	0.52	0.39	-0.24	0.52	-0.12	-0.39	-0.34	APPF
AGYS	0.55	0.03		-0.28	-0.08	0.11	0.32	0.1	0.53	0.11	AGYS
MIXT	-0.44	0.52	-0.28		0.22	-0.69	-0.17	-0.49	-0.77	-0.53	MIXT
MLNK	0.43	0.39	-0.08	0.22		-0.12	0.57	-0.05	-0.07	0.09	MLNK
MODN	0.23	-0.24	0.11	-0.69	-0.12		0.23	0.63	0.28	0.38	MODN
CCRD	0.81	0.52	0.32	-0.17	0.57	0.23		0.24	0.26	0.02	CCRD
MNTV	0.18	-0.12	0.1	-0.49	-0.05	0.63	0.24		0.21	0.25	MNTV
ALKT	0.68	-0.39	0.53	-0.77	-0.07	0.28	0.26	0.21		0.48	ALKT
ASUR	0.21	-0.34	0.11	-0.53	0.09	0.38	0.02	0.25	0.48		ASUR
	PYCR	APPF	AGYS	MIXT	MLNK	MODN	CCRD	MNTV	ALKT	ASUR

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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

CCRD	+ 0.81	PYCR
ALKT	+ 0.68	PYCR
MNTV	+ 0.63	MODN
CCRD	+ 0.57	MLNK
AGYS	+ 0.55	PYCR
ALKT	+ 0.53	AGYS

High negative correlations

ALKT	- 0.77	MIXT
MODN	- 0.69	MIXT
ASUR	- 0.53	MIXT
MNTV	- 0.49	MIXT
MIXT	- 0.44	PYCR
ALKT	- 0.39	APPF

Risk-Adjusted Indicators

There is a big difference between American Stock performing well and American Software 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 American Software'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
PYCR	1.48	0.16	0.10	0.22	1.46	(1.56)	3.05	(2.96)	9.64
APPF	1.40	(0.05)	(0.01)	0.06	2.23	(1.49)	2.64	(2.27)	15.04
AGYS	1.89	0.08	0.07	0.13	2.95	(1.81)	3.43	(5.24)	14.47
MIXT	2.00	(0.20)	0.00	(0.47)	0.00	0.00	3.52	(3.34)	12.12
MLNK	1.62	(0.07)	(0.03)	0.03	2.40	(1.52)	3.17	(3.18)	14.62
MODN	0.50	0.17	0.07	(1.04)	0.29	(0.69)	1.01	(0.50)	10.58
CCRD	2.06	0.43	0.16	0.64	2.07	(2.30)	5.08	(4.02)	11.29
MNTV	0.90	0.50	2.11	(52.66)	0.00	(1.77)	0.43	(0.21)	20.63
ALKT	1.89	0.12	0.10	0.16	2.07	(2.16)	5.15	(4.11)	11.93
ASUR	1.84	0.08	0.04	0.15	2.91	(2.06)	5.27	(3.76)	19.48

Delisting Warning - AMSWA

American Software was delisted

The entity American Software with a symbol AMSWA was delisted from NASDAQ Exchange. Please try Logility with a symbol LGTY from now on. Check all delisted instruments accross multiple markets.

American Software Corporate Management

Shawn Reynolds	Executive Marketing	Profile
Mark Grant	General Counsel	Profile
Keith Charron	Chief Officer	Profile
Alex Price	Senior Sales	Profile
Vincent Klinges	Chief Officer	Profile

Still Interested in American Software?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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