Asure Software Correlations

ASUR Stock

USD 9.44 0.06 0.63%

The current 90-days correlation between Asure Software and Eventbrite Class A is 0.01 (i.e., Significant 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 weak diversification

The correlation between Asure Software and DJI is 0.4 (i.e., Very 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.

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 private.

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

Moving together with Asure Stock

0.75	EVCM	EverCommerce	Pair Corr
0.78	CRM	Salesforce Sell-off Trend	Pair Corr
0.62	WF	Woori Financial Group	Pair Corr
0.67	BAC-PL	Bank of America Earnings Call This Week	Pair Corr
0.76	NMIH	NMI Holdings	Pair Corr
0.68	ATI	Allegheny Technologies	Pair Corr
0.75	MCHP	Microchip Technology Tech Boost	Pair Corr
0.72	ACN	Accenture plc	Pair Corr

Moving against Asure Stock

0.53	FNMFO	Federal National Mortgage	Pair Corr
0.48	GWRE	Guidewire Software	Pair Corr
0.39	BSY	Bentley Systems	Pair Corr
0.34	TYL	Tyler Technologies	Pair Corr
0.32	TTD	Trade Desk Sell-off Trend	Pair Corr

Related Correlations Analysis

	EB	ONTF	EGHT	DUOT	AZ	SMRT	KLTR	IMMR	WALD	MRT
EB		0.62	0.62	0.42	-0.1	0.92	0.48	-0.12	-0.16	-0.39	EB
ONTF	0.62		0.09	0.4	0.42	0.48	0.21	-0.17	-0.42	-0.41	ONTF
EGHT	0.62	0.09		0.31	-0.35	0.69	0.42	0.19	0.01	0.03	EGHT
DUOT	0.42	0.4	0.31		0.17	0.44	0.06	0.06	-0.11	0.05	DUOT
AZ	-0.1	0.42	-0.35	0.17		-0.15	-0.34	0.37	-0.32	-0.18	AZ
SMRT	0.92	0.48	0.69	0.44	-0.15		0.42	0.02	0.02	-0.34	SMRT
KLTR	0.48	0.21	0.42	0.06	-0.34	0.42		-0.1	-0.28	-0.21	KLTR
IMMR	-0.12	-0.17	0.19	0.06	0.37	0.02	-0.1		-0.13	0.1	IMMR
WALD	-0.16	-0.42	0.01	-0.11	-0.32	0.02	-0.28	-0.13		0.16	WALD
MRT	-0.39	-0.41	0.03	0.05	-0.18	-0.34	-0.21	0.1	0.16		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	+ 0.92	EB
SMRT	+ 0.69	EGHT
ONTF	+ 0.62	EB
EGHT	+ 0.62	EB
KLTR	+ 0.48	EB
SMRT	+ 0.48	ONTF

High negative correlations

WALD	- 0.42	ONTF
MRT	- 0.41	ONTF
MRT	- 0.39	EB
AZ	- 0.35	EGHT
MRT	- 0.34	SMRT
KLTR	- 0.34	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	3.42	1.12	0.45	0.75	1.47	(5.17)	4.18	(4.08)	78.85
ONTF	2.42	0.67	0.23	(1.09)	1.88	(3.17)	4.60	(3.75)	38.78
EGHT	2.42	(0.09)	0.00	0.04	3.15	(2.66)	4.23	(4.84)	34.75
DUOT	3.65	0.37	0.08	0.46	4.25	(3.71)	7.81	(7.61)	23.66
AZ	3.58	(0.11)	0.01	0.04	4.90	(3.51)	7.60	(7.12)	25.03
SMRT	2.49	0.39	0.17	0.53	2.09	(3.32)	6.43	(4.06)	19.63
KLTR	3.23	0.08	0.02	0.15	3.70	(3.86)	8.22	(6.70)	32.77
IMMR	1.90	(0.26)	0.00	(0.04)	0.00	0.00	5.01	(4.01)	22.38
WALD	3.79	(0.29)	0.00	0.89	0.00	0.00	7.58	(7.46)	33.33
MRT	2.26	(0.13)	0.00	(0.14)	0.00	0.00	7.59	(4.26)	20.77

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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