Asure Software Correlations

ASUR Stock

USD 9.62 0.24 2.43%

The current 90-days correlation between Asure Software and Eventbrite Class A is 0.1 (i.e., Average diversification). The correlation of Asure 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Asure Software Correlation With Market

Very poor diversification

The correlation between Asure Software and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asure Software and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Asure Stock

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

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.

Moving together with Asure Stock

0.72	TTGI	Turnium Technology	Pair Corr
0.66	52D0	WONDERFI TECHNOLOGIES INC	Pair Corr
0.7	VENZ	Venzee Technologies	Pair Corr
0.8	IAM	Income Asset Management	Pair Corr
0.61	LNU	Linius Technologies	Pair Corr
0.61	1XV	AXWAY SOFTWARE EO	Pair Corr
0.83	01R	DATAWALK B H	Pair Corr
0.7	RDY	Readytech Holdings	Pair Corr
0.73	81M	COGNYTE SOFTWARE LTD	Pair Corr
0.65	MUM	Mensch und Maschine	Pair Corr
0.82	WNDR	WonderFi Technologies	Pair Corr
0.73	GDT0	SEKUR PRIVATE DATA	Pair Corr

Moving against Asure Stock

0.86	ID	Identillect Technologies	Pair Corr
0.83	STC	Sangoma Technologies Corp Earnings Call This Week	Pair Corr
0.79	HSN	Hansen Technologies	Pair Corr
0.78	LPSN	LivePerson	Pair Corr
0.72	MHUB	Minehub Technologies	Pair Corr
0.59	ERD	Eroad	Pair Corr
0.52	NET	Cloudflare	Pair Corr
0.52	OVT	Oculus VisionTech	Pair Corr
0.43	762	PKSHA TECHNOLOGY INC	Pair Corr
0.41	HLG	Highlight Communications	Pair Corr
0.41	VR1	Vection Technologies	Pair Corr
0.84	3QD	Datadog	Pair Corr
0.78	16U	Upland Software	Pair Corr
0.76	RTH	Ras Technology Holdings	Pair Corr
0.73	EXT	Excite Technology	Pair Corr
0.72	NUKK	Nukkleus	Pair Corr
0.7	9IX	EEDUCATION ALBERT	Pair Corr
0.65	CSU	Constellation Software	Pair Corr
0.61	CF1	Complii Fintech Solutions	Pair Corr
0.54	MSTR	MicroStrategy Incorporated Earnings Call Tomorrow	Pair Corr
0.52	NBVA	Nubeva Technologies	Pair Corr
0.37	WTC	Wisetech Global	Pair Corr
0.32	ISGI	InsuraGuest Technologies	Pair Corr

Related Correlations Analysis

	EB	ONTF	EGHT	DUOT	AZ	SMRT	KLTR	IMMR	WALD	MRT
EB		0.68	0.02	0.37	0.29	0.82	0.3	0.16	-0.35	-0.63	EB
ONTF	0.68		-0.51	0.58	0.7	0.33	-0.05	0.02	-0.57	-0.8	ONTF
EGHT	0.02	-0.51		-0.26	-0.5	0.41	0.46	0.2	0.28	0.53	EGHT
DUOT	0.37	0.58	-0.26		0.65	0.22	-0.18	0.45	-0.36	-0.34	DUOT
AZ	0.29	0.7	-0.5	0.65		0.02	-0.33	0.21	-0.47	-0.45	AZ
SMRT	0.82	0.33	0.41	0.22	0.02		0.38	0.26	-0.03	-0.32	SMRT
KLTR	0.3	-0.05	0.46	-0.18	-0.33	0.38		0.13	-0.13	-0.05	KLTR
IMMR	0.16	0.02	0.2	0.45	0.21	0.26	0.13		-0.11	0.04	IMMR
WALD	-0.35	-0.57	0.28	-0.36	-0.47	-0.03	-0.13	-0.11		0.36	WALD
MRT	-0.63	-0.8	0.53	-0.34	-0.45	-0.32	-0.05	0.04	0.36		MRT
	EB	ONTF	EGHT	DUOT	AZ	SMRT	KLTR	IMMR	WALD	MRT

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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

SMRT	+ 0.82	EB
AZ	+ 0.7	ONTF
ONTF	+ 0.68	EB
AZ	+ 0.65	DUOT
DUOT	+ 0.58	ONTF
MRT	+ 0.53	EGHT

High negative correlations

MRT	- 0.8	ONTF
MRT	- 0.63	EB
WALD	- 0.57	ONTF
EGHT	- 0.51	ONTF
AZ	- 0.5	EGHT
WALD	- 0.47	AZ

Risk-Adjusted Indicators

There is a big difference between Asure Stock performing well and Asure 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 Asure 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
EB	3.25	1.22	0.54	0.78	1.00	(4.95)	4.18	(3.58)	79.53
ONTF	2.15	0.61	0.29	0.57	1.42	(3.06)	4.60	(3.14)	38.78
EGHT	2.48	(0.24)	0.00	(0.09)	0.00	0.00	4.40	(4.84)	34.75
DUOT	3.60	(0.03)	0.00	(0.04)	0.00	0.00	7.81	(7.20)	23.92
AZ	3.58	(0.12)	0.00	(0.01)	0.00	0.00	7.60	(7.74)	25.03
SMRT	2.33	0.18	0.07	0.29	2.16	(3.29)	5.75	(4.06)	21.69
KLTR	3.40	0.08	0.02	0.08	3.94	(3.89)	8.16	(6.70)	32.77
IMMR	1.76	(0.03)	0.00	0.01	2.09	(2.27)	4.57	(3.90)	22.47
WALD	3.81	0.06	0.00	(0.06)	4.24	(4.54)	10.14	(6.49)	33.33
MRT	2.10	(0.24)	0.00	(0.82)	0.00	0.00	4.98	(4.02)	20.93

Asure Software Corporate Management

Todd Waletzki	Chief Staff	Profile
Mike Vannoy	Vice Marketing	Profile
Yasmine Rodriguez	Senior Compliance	Profile
Eyal Goldstein	Chief Revenue Officer	Profile
Randal Rudniski	Financial Relations	Profile
John Pence	Principal CFO	Profile

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