CSG Systems Correlations

CSGS Stock

USD 77.25 0.01 0.01%

The current 90-days correlation between CSG Systems International and Payoneer Global is -0.1 (i.e., Good diversification). The correlation of CSG Systems 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.

CSG Systems Correlation With Market

Good diversification

The correlation between CSG Systems International and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSG Systems International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CSG Stock

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

Moving together with CSG Stock

0.74	CASS	Cass Information Systems	Pair Corr
0.68	FTV	Fortive Corp	Pair Corr
0.71	IBM	International Business	Pair Corr
0.67	KO	Coca Cola	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr

Moving against CSG Stock

0.84	INOD	Innodata Tech Boost	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.66	BR	Broadridge Financial	Pair Corr
0.56	T	ATT Inc	Pair Corr
0.54	BA	Boeing	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.34	RKLB	Rocket Lab USA Aggressive Push	Pair Corr

Related Correlations Analysis

	PAYO	NTCT	TDC	ODD	APPN	EVCM	PGY	MQ	EVTC	FORTY
PAYO		-0.2	-0.5	0.8	-0.54	0.33	0.69	0.21	0.71	-0.42	PAYO
NTCT	-0.2		0.5	-0.41	0.35	0.24	-0.26	0.2	-0.5	0.45	NTCT
TDC	-0.5	0.5		-0.64	0.73	-0.12	-0.78	0.35	-0.43	0.79	TDC
ODD	0.8	-0.41	-0.64		-0.68	0.23	0.79	0.14	0.79	-0.56	ODD
APPN	-0.54	0.35	0.73	-0.68		-0.63	-0.62	0.24	-0.53	0.4	APPN
EVCM	0.33	0.24	-0.12	0.23	-0.63		0.12	0.06	0.19	0.21	EVCM
PGY	0.69	-0.26	-0.78	0.79	-0.62	0.12		-0.03	0.59	-0.68	PGY
MQ	0.21	0.2	0.35	0.14	0.24	0.06	-0.03		0.37	0.26	MQ
EVTC	0.71	-0.5	-0.43	0.79	-0.53	0.19	0.59	0.37		-0.32	EVTC
FORTY	-0.42	0.45	0.79	-0.56	0.4	0.21	-0.68	0.26	-0.32		FORTY
	PAYO	NTCT	TDC	ODD	APPN	EVCM	PGY	MQ	EVTC	FORTY

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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

ODD	+ 0.8	PAYO
FORTY	+ 0.79	TDC
PGY	+ 0.79	ODD
EVTC	+ 0.79	ODD
APPN	+ 0.73	TDC
EVTC	+ 0.71	PAYO

High negative correlations

PGY	- 0.78	TDC
FORTY	- 0.68	PGY
APPN	- 0.68	ODD
ODD	- 0.64	TDC
EVCM	- 0.63	APPN
PGY	- 0.62	APPN

Risk-Adjusted Indicators

There is a big difference between CSG Stock performing well and CSG Systems 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 CSG Systems' 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
PAYO	1.49	(0.25)	0.00	(0.13)	0.00	0.00	2.76	(3.66)	9.39
NTCT	1.39	0.02	0.01	0.08	1.70	(1.57)	2.52	(3.06)	11.36
TDC	2.21	0.52	0.22	0.43	1.86	(2.49)	4.38	(4.07)	36.67
ODD	2.31	(0.71)	0.00	(0.50)	0.00	0.00	3.98	(5.12)	15.92
APPN	2.59	0.35	0.10	(1.41)	2.53	(3.07)	5.03	(4.62)	37.82
EVCM	2.67	0.26	0.03	(0.23)	4.61	(2.65)	4.95	(5.45)	22.68
PGY	3.52	(0.42)	0.00	(0.06)	0.00	0.00	8.51	(8.60)	22.52
MQ	1.75	(0.11)	0.00	(0.08)	0.00	0.00	3.24	(4.15)	14.05
EVTC	1.46	(0.21)	0.00	(0.11)	0.00	0.00	2.94	(3.14)	9.49
FORTY	3.37	0.54	0.08	(0.67)	4.75	(3.41)	7.00	(7.91)	23.60

CSG Systems Corporate Management

Jim Daley	Cable Broadband	Profile
Doran Stienike	Chief Officer	Profile
Patrick Costello	VP Controller	Profile
Michael Woods	Media Communications	Profile
John CFA	Head Relations	Profile
Chad Dunavant	Executive Officer	Profile
Ian Watterson	Head Pacific	Profile

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