Cass Information Correlations

CASS Stock

USD 44.30 0.40 0.91%

The current 90-days correlation between Cass Information Systems and Civeo Corp is 0.22 (i.e., Modest diversification). The correlation of Cass Information 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.

Cass Information Correlation With Market

Poor diversification

The correlation between Cass Information Systems and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cass Information Systems 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 Cass Information Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Cass Stock

0.73	SQ	Block Inc Tech Boost	Pair Corr
0.82	DLX	Deluxe	Pair Corr
0.76	GFL	Gfl Environmental	Pair Corr
0.62	RSG	Republic Services	Pair Corr
0.76	R	Ryder System	Pair Corr
0.65	DIST	Distoken Acquisition	Pair Corr
0.86	AL	Air Lease	Pair Corr
0.68	AZ	A2Z Smart Technologies	Pair Corr
0.65	BV	BrightView Holdings	Pair Corr
0.78	CR	Crane Company	Pair Corr
0.62	HI	Hillenbrand	Pair Corr
0.89	KE	Kimball Electronics	Pair Corr

Moving against Cass Stock

0.73	HDSN	Hudson Technologies	Pair Corr
0.55	CP	Canadian Pacific Railway	Pair Corr
0.38	LNZAW	LanzaTech Global	Pair Corr
0.35	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	MG	Mistras Group	Pair Corr
0.57	HY	Hyster Yale Materials	Pair Corr
0.54	FA	First Advantage Corp	Pair Corr
0.47	SB	Safe Bulkers	Pair Corr
0.4	OP	Oceanpal	Pair Corr
0.31	FC	Franklin Covey	Pair Corr

Related Correlations Analysis

	FA	RTO	CBZ	CVEO	PFSW	DPUI	NTIP	BV	MMS	AZZ
FA		-0.24	-0.6	0.66	-0.67	-0.3	0.28	-0.2	0.63	-0.06	FA
RTO	-0.24		0.33	-0.01	-0.24	0.05	0.5	-0.26	0.14	-0.1	RTO
CBZ	-0.6	0.33		-0.65	0.45	0.09	-0.18	0.49	-0.32	0.61	CBZ
CVEO	0.66	-0.01	-0.65		-0.63	-0.06	0.46	-0.35	0.56	-0.4	CVEO
PFSW	-0.67	-0.24	0.45	-0.63		0.26	-0.65	0.53	-0.49	0.16	PFSW
DPUI	-0.3	0.05	0.09	-0.06	0.26		0.02	0.07	-0.05	-0.07	DPUI
NTIP	0.28	0.5	-0.18	0.46	-0.65	0.02		-0.67	0.22	-0.18	NTIP
BV	-0.2	-0.26	0.49	-0.35	0.53	0.07	-0.67		0.12	0.43	BV
MMS	0.63	0.14	-0.32	0.56	-0.49	-0.05	0.22	0.12		0.02	MMS
AZZ	-0.06	-0.1	0.61	-0.4	0.16	-0.07	-0.18	0.43	0.02		AZZ
	FA	RTO	CBZ	CVEO	PFSW	DPUI	NTIP	BV	MMS	AZZ

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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

CVEO	+ 0.66	FA
MMS	+ 0.63	FA
AZZ	+ 0.61	CBZ
MMS	+ 0.56	CVEO
BV	+ 0.53	PFSW
NTIP	+ 0.5	RTO

High negative correlations

BV	- 0.67	NTIP
PFSW	- 0.67	FA
NTIP	- 0.65	PFSW
CVEO	- 0.65	CBZ
PFSW	- 0.63	CVEO
CBZ	- 0.6	FA

Risk-Adjusted Indicators

There is a big difference between Cass Stock performing well and Cass Information 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 Cass Information'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
FA	1.29	(0.06)	(0.04)	0.02	1.59	(1.40)	3.49	(3.01)	9.66
RTO	1.60	(0.32)	0.00	(0.47)	0.00	0.00	2.40	(2.69)	23.03
CBZ	1.23	0.04	0.04	0.12	1.50	(1.31)	2.78	(2.49)	9.49
CVEO	1.39	(0.24)	0.00	(0.14)	0.00	0.00	2.24	(3.21)	11.81
PFSW	2.08	0.22	0.04	(0.53)	2.81	(2.29)	5.84	(5.09)	17.10
DPUI	13.16	1.08	0.04	0.51	13.52	(37.50)	33.33	(25.00)	125.00
NTIP	1.98	(0.22)	0.00	(0.68)	0.00	0.00	3.88	(4.37)	32.25
BV	1.69	(0.02)	0.02	0.08	2.70	(1.96)	3.55	(2.88)	21.49
MMS	0.98	(0.23)	0.00	(0.19)	0.00	0.00	1.76	(2.42)	10.19
AZZ	1.63	(0.02)	0.04	0.08	1.90	(1.80)	3.18	(2.60)	11.68

Cass Information Corporate Executives

Elected by the shareholders, the Cass Information's board of directors comprises two types of representatives: Cass Information inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cass. The board's role is to monitor Cass Information's management team and ensure that shareholders' interests are well served. Cass Information's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cass Information's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Michael CPA	Executive CFO	Profile
	Michael Normile	Executive CFO	Profile

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