OneSpan Correlations

OSPN Stock

USD 19.59 0.27 1.40%

The current 90-days correlation between OneSpan and Lesaka Technologies is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OneSpan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OneSpan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OneSpan Correlation With Market

Average diversification

The correlation between OneSpan and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneSpan and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneSpan. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

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

Moving together with OneSpan Stock

0.66	BB	BlackBerry Aggressive Push	Pair Corr
0.64	GB	Global Blue Group	Pair Corr
0.71	SQ	BLOCK INC Symbol Change	Pair Corr
0.65	VRNT	Verint Systems	Pair Corr
0.75	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.7	CETXP	Cemtrex Pref	Pair Corr
0.84	FFIV	F5 Networks Tech Boost	Pair Corr
0.8	FIVN	Five9 Inc	Pair Corr
0.75	FOUR	Shift4 Payments	Pair Corr
0.88	DBX	Dropbox	Pair Corr
0.82	DLO	Dlocal Tech Boost	Pair Corr
0.78	FTNT	Fortinet Earnings Call This Week	Pair Corr
0.83	NET	Cloudflare Earnings Call This Week	Pair Corr
0.68	ODD	ODDITY Tech	Pair Corr

Moving against OneSpan Stock

0.85	VHAI	VHAI	Pair Corr
0.84	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.75	MQ	Marqeta	Pair Corr
0.49	DTSS	Datasea	Pair Corr
0.46	S	SentinelOne	Pair Corr
0.43	VERI	Veritone	Pair Corr
0.39	DOCN	DigitalOcean Holdings Sell-off Trend	Pair Corr
0.71	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.63	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.48	GCT	GigaCloud Technology Tech Boost	Pair Corr
0.35	DOX	Amdocs Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LSAK	PRTH	CSGS	SANG	NTCT	CCSI	ESMT	FORG	STER
LSAK		-0.29	-0.37	-0.44	-0.32	-0.28	-0.28	0.04	-0.54	LSAK
PRTH	-0.29		0.39	0.54	0.34	0.35	0.54	-0.16	0.68	PRTH
CSGS	-0.37	0.39		0.24	0.76	0.8	0.14	-0.06	0.31	CSGS
SANG	-0.44	0.54	0.24		0.39	0.41	0.58	-0.07	0.83	SANG
NTCT	-0.32	0.34	0.76	0.39		0.72	0.26	-0.04	0.38	NTCT
CCSI	-0.28	0.35	0.8	0.41	0.72		0.22	0.12	0.33	CCSI
ESMT	-0.28	0.54	0.14	0.58	0.26	0.22		0.12	0.79	ESMT
FORG	0.04	-0.16	-0.06	-0.07	-0.04	0.12	0.12		-0.11	FORG
STER	-0.54	0.68	0.31	0.83	0.38	0.33	0.79	-0.11		STER
	LSAK	PRTH	CSGS	SANG	NTCT	CCSI	ESMT	FORG	STER

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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

STER	+ 0.83	SANG
CCSI	+ 0.8	CSGS
STER	+ 0.79	ESMT
NTCT	+ 0.76	CSGS
CCSI	+ 0.72	NTCT
STER	+ 0.68	PRTH

High negative correlations

STER	- 0.54	LSAK
SANG	- 0.44	LSAK
CSGS	- 0.37	LSAK
NTCT	- 0.32	LSAK
PRTH	- 0.29	LSAK
ESMT	- 0.28	LSAK

Risk-Adjusted Indicators

There is a big difference between OneSpan Stock performing well and OneSpan 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 OneSpan'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
LSAK	1.30	(0.12)	0.00	(5.31)	0.00	0.00	3.13	(3.12)	8.33
PRTH	4.74	1.08	0.18	(21.71)	4.77	(5.33)	14.65	(7.51)	33.72
CSGS	1.22	0.23	0.16	0.40	1.07	(1.43)	2.66	(1.64)	13.96
SANG	1.95	0.43	0.14	8.26	1.91	(2.25)	5.83	(2.94)	12.14
NTCT	1.56	0.26	0.14	0.47	1.45	(1.74)	3.29	(2.71)	11.69
CCSI	1.95	0.52	0.17	1.54	2.11	(2.15)	4.16	(3.95)	20.68
ESMT	1.57	0.14	0.01	(0.30)	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	(0.03)	0.00	(0.35)	0.00	0.00	1.78	(1.49)	6.71
STER	0.66	0.10	0.00	(1.61)	0.93	(0.71)	1.77	(1.22)	7.04

OneSpan Corporate Management

Tom Aurelio	Chief Officer	Profile
Michael Lillie	Chief Officer	Profile
Lara Mataac	General Officer	Profile
Samy Ibrahim	Senior Solutions	Profile
Jorge Martell	Chief Officer	Profile
Sarah Hanel	Senior Communications	Profile
Sameer Hajarnis	Senior Agreements	Profile

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