CSG Systems Correlations

CSGS Stock

USD 79.93 0.28 0.35%

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

Poor diversification

The correlation between CSG Systems International and DJI is 0.62 (i.e., Poor 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 census.

Moving together with CSG Stock

0.69	KC	Kingsoft Cloud Holdings	Pair Corr
0.77	SHF	SNP Schneider Neurei	Pair Corr
0.81	GDS	GDS Holdings	Pair Corr
0.63	CCA	Change Financial Earnings Call This Week	Pair Corr
0.71	PAGS	PagSeguro Digital	Pair Corr

Moving against CSG Stock

0.73	BR	Broadridge Financial	Pair Corr
0.71	NA9	Nagarro SE	Pair Corr
0.62	VHAI	VHAI	Pair Corr
0.57	FOUR	Shift4 Payments	Pair Corr
0.56	G	Genpact Limited	Pair Corr
0.56	EEFT	Euronet Worldwide	Pair Corr
0.53	IBM	International Business	Pair Corr
0.49	EXLS	ExlService Holdings Earnings Call This Week	Pair Corr
0.49	CPU	Computershare	Pair Corr
0.42	III	Information Services	Pair Corr
0.41	IIIV	i3 Verticals	Pair Corr
0.39	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.37	WLN	Worldline SA Earnings Call This Week	Pair Corr
0.32	XYZ	Block Inc Earnings Call This Week	Pair Corr
0.8	ALHYP	Hipay Group SA	Pair Corr
0.69	SABR	Sabre Corpo	Pair Corr
0.67	CNDT	Conduent Buyout Trend	Pair Corr
0.65	TASK	Taskus Inc	Pair Corr
0.57	ADN1	Adesso SE	Pair Corr
0.55	TTEC	TTEC Holdings Earnings Call This Week	Pair Corr
0.54	ALHIT	Hitechpros	Pair Corr
0.52	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.47	ADYEN	Adyen NV	Pair Corr
0.42	AFRM	Affirm Holdings	Pair Corr
0.41	CNCK	Coincheck Group NV	Pair Corr
0.38	BC8	Bechtle AG	Pair Corr

Related Correlations Analysis

	PAYO	NTCT	TDC	ODD	APPN	EVCM	PGY	MQ	EVTC	FORTY
PAYO		0.13	-0.2	-0.04	-0.17	0.24	-0.07	-0.19	0.02	0.67	PAYO
NTCT	0.13		0.52	-0.48	-0.68	0.31	-0.64	-0.5	-0.44	0.13	NTCT
TDC	-0.2	0.52		-0.06	-0.27	0.28	-0.22	-0.03	-0.2	-0.09	TDC
ODD	-0.04	-0.48	-0.06		0.88	-0.06	0.78	0.88	0.61	-0.38	ODD
APPN	-0.17	-0.68	-0.27	0.88		-0.37	0.78	0.85	0.51	-0.5	APPN
EVCM	0.24	0.31	0.28	-0.06	-0.37		0.1	0.03	0.36	0.51	EVCM
PGY	-0.07	-0.64	-0.22	0.78	0.78	0.1		0.77	0.83	-0.09	PGY
MQ	-0.19	-0.5	-0.03	0.88	0.85	0.03	0.77		0.58	-0.46	MQ
EVTC	0.02	-0.44	-0.2	0.61	0.51	0.36	0.83	0.58		0.08	EVTC
FORTY	0.67	0.13	-0.09	-0.38	-0.5	0.51	-0.09	-0.46	0.08		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

APPN	+ 0.88	ODD
MQ	+ 0.88	ODD
MQ	+ 0.85	APPN
EVTC	+ 0.83	PGY
PGY	+ 0.78	ODD
PGY	+ 0.78	APPN

High negative correlations

APPN	- 0.68	NTCT
PGY	- 0.64	NTCT
FORTY	- 0.5	APPN
MQ	- 0.5	NTCT
ODD	- 0.48	NTCT
FORTY	- 0.46	MQ

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	1.78	(0.11)	0.00	(0.01)	0.00	0.00	3.70	(3.81)	17.25
NTCT	1.29	0.05	0.03	0.11	1.55	(1.42)	2.63	(2.55)	7.63
TDC	2.33	0.19	0.06	0.24	2.93	(2.46)	4.26	(3.77)	41.05
ODD	2.52	(0.34)	0.00	(0.19)	0.00	0.00	4.61	(5.12)	18.82
APPN	2.36	(0.80)	0.00	(4.02)	0.00	0.00	3.99	(4.53)	17.60
EVCM	2.53	0.26	0.08	0.27	3.12	(2.89)	4.95	(4.86)	20.26
PGY	3.54	(1.16)	0.00	(0.29)	0.00	0.00	6.60	(6.77)	35.83
MQ	1.68	(0.30)	0.00	(0.14)	0.00	0.00	2.60	(3.36)	9.53
EVTC	1.40	(0.15)	0.00	(0.07)	0.00	0.00	2.63	(3.14)	9.50
FORTY	3.34	0.16	0.02	0.24	5.67	(3.13)	6.89	(8.30)	31.35

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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