Asure Software Correlations

ASUR Stock

USD 12.14 0.18 1.51%

The current 90-days correlation between Asure Software and AMSWA Old is 0.14 (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

Weak diversification

The correlation between Asure Software and DJI is 0.3 (i.e., Weak 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.

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 employment.

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

Moving together with Asure Stock

0.65

EGAN

eGain

Pair Corr

Moving against Asure Stock

0.42	DT	Dynatrace Holdings LLC	Pair Corr
0.38	VTEX	VTEX	Pair Corr
0.37	ZI	ZoomInfo Technologies	Pair Corr
0.33	DOMO	Domo Inc	Pair Corr
0.71	XELAP	Exela Technologies	Pair Corr
0.69	XELA	Exela Technologies	Pair Corr
0.58	SBIGW	SpringBig Holdings	Pair Corr
0.51	ETWO	E2open Parent Holdings	Pair Corr
0.48	BSY	Bentley Systems	Pair Corr
0.48	CYN	Cyngn Inc	Pair Corr
0.34	FICO	Fair Isaac Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AMSWA	ALKT	BLKB	ENFN	MNTV	CWAN	EXFY	MODN	ENV	IDBA
AMSWA		0.26	-0.58	0.83	0.58	0.3	0.84	0.74	0.23	-0.71	AMSWA
ALKT	0.26		0.2	0.23	0.46	0.59	0.33	0.3	-0.52	-0.28	ALKT
BLKB	-0.58	0.2		-0.52	-0.29	0.34	-0.49	-0.51	-0.52	0.46	BLKB
ENFN	0.83	0.23	-0.52		0.43	0.31	0.93	0.64	0.31	-0.88	ENFN
MNTV	0.58	0.46	-0.29	0.43		0.33	0.44	0.63	-0.08	-0.52	MNTV
CWAN	0.3	0.59	0.34	0.31	0.33		0.43	0.39	-0.59	-0.39	CWAN
EXFY	0.84	0.33	-0.49	0.93	0.44	0.43		0.66	0.18	-0.91	EXFY
MODN	0.74	0.3	-0.51	0.64	0.63	0.39	0.66		-0.05	-0.66	MODN
ENV	0.23	-0.52	-0.52	0.31	-0.08	-0.59	0.18	-0.05		-0.23	ENV
IDBA	-0.71	-0.28	0.46	-0.88	-0.52	-0.39	-0.91	-0.66	-0.23		IDBA
	AMSWA	ALKT	BLKB	ENFN	MNTV	CWAN	EXFY	MODN	ENV	IDBA

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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

EXFY	+ 0.93	ENFN
EXFY	+ 0.84	AMSWA
ENFN	+ 0.83	AMSWA
MODN	+ 0.74	AMSWA
MODN	+ 0.66	EXFY
MODN	+ 0.64	ENFN

High negative correlations

IDBA	- 0.91	EXFY
IDBA	- 0.88	ENFN
IDBA	- 0.71	AMSWA
IDBA	- 0.66	MODN
ENV	- 0.59	CWAN
BLKB	- 0.58	AMSWA

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
AMSWA	1.44	0.29	0.20	2.17	1.18	(1.67)	3.79	(2.53)	10.40
ALKT	2.11	0.09	0.03	0.13	2.96	(2.03)	4.96	(5.27)	12.66
BLKB	1.48	(0.09)	0.00	(0.13)	0.00	0.00	2.83	(2.68)	16.70
ENFN	1.77	0.32	0.15	1.06	1.92	(2.10)	3.77	(3.40)	9.86
MNTV	0.90	0.49	2.66	(33.67)	0.00	(1.77)	0.43	(0.21)	20.63
CWAN	1.73	0.10	0.04	0.21	2.35	(1.61)	2.80	(3.97)	20.31
EXFY	3.37	1.03	0.35	0.91	2.43	(4.45)	8.14	(3.85)	30.21
MODN	0.50	0.16	0.20	0.93	0.29	(0.69)	1.01	(0.50)	10.58
ENV	0.09	0.00	0.01	(0.26)	0.09	(0.10)	0.22	(0.22)	0.68
IDBA	1.81	(0.60)	0.00	4.00	0.00	0.00	2.74	(6.49)	17.01

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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