Fair Isaac Correlations

FICO Stock

USD 2,355 17.52 0.75%

The current 90-days correlation between Fair Isaac and Tyler Technologies is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fair Isaac moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fair Isaac moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fair Isaac Correlation With Market

Very weak diversification

The correlation between Fair Isaac and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fair Isaac. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Fair Stock, please use our How to Invest in Fair Isaac guide.

Moving together with Fair Stock

0.79	DJCO	Daily Journal Corp	Pair Corr
0.79	AI	C3 Ai Inc Trending	Pair Corr
0.91	BL	Blackline	Pair Corr
0.81	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.83	ML	MoneyLion	Pair Corr
0.62	QH	Quhuo	Pair Corr
0.88	WK	Workiva	Pair Corr
0.83	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.92	DOCU	DocuSign	Pair Corr
0.72	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.92	VERX	Vertex	Pair Corr
0.93	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.91	DUOL	Duolingo	Pair Corr
0.85	DUOT	Duos Technologies Downward Rally	Pair Corr
0.7	VMEO	Vimeo Inc	Pair Corr
0.87	EGHT	8x8 Common Stock	Pair Corr
0.85	ENFN	Enfusion	Pair Corr

Moving against Fair Stock

0.75	VERB	VERB TECHNOLOGY PANY Trending	Pair Corr
0.57	VTEX	VTEX	Pair Corr
0.5	DMAN	Innovativ Media Group	Pair Corr
0.45	EGAN	eGain	Pair Corr
0.34	VCSA	Vacasa Inc	Pair Corr
0.81	EVOL	Evolving Systems	Pair Corr
0.73	SBIGW	SpringBig Holdings	Pair Corr
0.72	ETWO	E2open Parent Holdings	Pair Corr
0.69	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.66	BMR	Beamr Imaging	Pair Corr
0.6	ELCO	Elcom International	Pair Corr
0.54	WRNT	Warrantee American	Pair Corr
0.52	EZFL	EzFill Holdings	Pair Corr
0.48	WALDW	Waldencast Acquisition	Pair Corr
0.44	WBTN	WEBTOON Entertainment	Pair Corr
0.4	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	SAP	TYL	ROP	CDNS	PTC	MANH	ANSS	GWRE	CDAY	AZPN
SAP		0.72	0.17	0.52	0.84	0.48	0.7	0.81	0.45	0.75	SAP
TYL	0.72		0.32	0.59	0.74	0.22	0.68	0.67	0.44	0.69	TYL
ROP	0.17	0.32		0.37	0.33	0.33	0.5	0.2	0.09	0.37	ROP
CDNS	0.52	0.59	0.37		0.73	0.18	0.84	0.54	0.47	0.63	CDNS
PTC	0.84	0.74	0.33	0.73		0.47	0.86	0.78	0.69	0.81	PTC
MANH	0.48	0.22	0.33	0.18	0.47		0.44	0.62	0.24	0.48	MANH
ANSS	0.7	0.68	0.5	0.84	0.86	0.44		0.67	0.63	0.71	ANSS
GWRE	0.81	0.67	0.2	0.54	0.78	0.62	0.67		0.39	0.86	GWRE
CDAY	0.45	0.44	0.09	0.47	0.69	0.24	0.63	0.39		0.45	CDAY
AZPN	0.75	0.69	0.37	0.63	0.81	0.48	0.71	0.86	0.45		AZPN
	SAP	TYL	ROP	CDNS	PTC	MANH	ANSS	GWRE	CDAY	AZPN

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Risk-Adjusted Indicators

There is a big difference between Fair Stock performing well and Fair Isaac 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 Fair Isaac'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
SAP	1.06	0.07	0.00	0.25	1.13	(1.19)	2.16	(1.91)	6.50
TYL	0.84	0.07	(0.03)	0.54	0.81	(1.01)	1.99	(1.56)	7.85
ROP	0.76	(0.08)	(0.09)	0.04	0.94	(0.80)	1.34	(1.47)	6.98
CDNS	1.76	0.07	0.04	0.18	2.02	(1.92)	3.47	(4.40)	17.32
PTC	1.18	0.03	0.04	0.14	1.29	(1.26)	2.49	(2.22)	8.27
MANH	1.29	(0.06)	0.00	0.08	1.90	(1.31)	2.53	(2.66)	10.50
ANSS	1.18	(0.01)	0.00	0.11	1.38	(1.23)	2.76	(2.32)	10.35
GWRE	0.98	0.44	0.43	1.01	0.00	(1.26)	2.79	(1.56)	14.09
CDAY	1.80	0.05	(0.05)	(0.01)	2.40	(1.87)	3.66	(3.19)	11.32
AZPN	1.04	0.12	0.07	0.27	1.11	(1.13)	2.39	(2.08)	8.52

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