Paysafe Correlations

PSFE Stock

USD 19.60 0.22 1.11%

The current 90-days correlation between Paysafe and SoFi Technologies is 0.15 (i.e., Average diversification). The correlation of Paysafe 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.

Paysafe Correlation With Market

Average diversification

The correlation between Paysafe and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paysafe 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 Paysafe. 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.

For information on how to trade Paysafe Stock refer to our How to Trade Paysafe Stock guide.

Moving together with Paysafe Stock

0.77	DOX	Amdocs	Pair Corr
0.72	PGY	Pagaya Technologies Tech Boost	Pair Corr
0.69	RXT	Rackspace Technology	Pair Corr

Moving against Paysafe Stock

0.4	VRAR	Glimpse Group	Pair Corr
0.36	GB	Global Blue Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SKLZ	SOFI	WISH	CLOV	OPEN
SKLZ		0.34	0.0	0.92	-0.47	SKLZ
SOFI	0.34		0.0	0.35	0.05	SOFI
WISH	0.0	0.0		0.0	0.0	WISH
CLOV	0.92	0.35	0.0		-0.65	CLOV
OPEN	-0.47	0.05	0.0	-0.65		OPEN
	SKLZ	SOFI	WISH	CLOV	OPEN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CLOV	+ 0.92	SKLZ
CLOV	+ 0.35	SOFI
SOFI	+ 0.34	SKLZ
OPEN	+ 0.05	SOFI
WISH	+ 0.0	SKLZ
WISH	+ 0.0	SOFI

High negative correlations

OPEN	- 0.65	CLOV
OPEN	- 0.47	SKLZ
OPEN	- 0.0	WISH
CLOV	- 0.0	WISH
WISH	- 0.0	SOFI
WISH	- 0.0	SKLZ

Risk-Adjusted Indicators

There is a big difference between Paysafe Stock performing well and Paysafe 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 Paysafe'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
SKLZ	3.00	0.44	0.14	0.51	2.69	(3.84)	7.41	(4.80)	21.24
SOFI	2.85	0.39	0.11	0.29	3.49	(3.17)	6.71	(4.45)	18.75
WISH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLOV	2.24	0.43	0.18	0.31	2.06	(2.54)	5.59	(3.85)	13.31
OPEN	3.41	(0.17)	0.00	(0.09)	0.00	0.00	8.70	(6.40)	26.48

Paysafe Corporate Management

Chi Lee	Executive Vice President Chief of Staff	Profile
Robert Gatto	Chief Officer	Profile
Elliott Wiseman	Chief Compliance Officer, General Counsel	Profile
Hilary StewartJones	Independent Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC