Synchronoss Technologies Correlations

SNCR Stock

USD 8.93 0.38 4.08%

The current 90-days correlation between Synchronoss Technologies and LiveVox Holdings is 0.16 (i.e., Average diversification). The correlation of Synchronoss Technologies 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.

Synchronoss Technologies Correlation With Market

Weak diversification

The correlation between Synchronoss Technologies and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synchronoss Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synchronoss Technologies. 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 Synchronoss Stock, please use our How to Invest in Synchronoss Technologies guide.

Moving together with Synchronoss Stock

0.8	VHAI	VHAI	Pair Corr
0.68	VRAR	Glimpse Group	Pair Corr
0.62	FAAS	DigiAsia Corp Symbol Change	Pair Corr

Moving against Synchronoss Stock

0.85	NN	Nextnav Acquisition Corp	Pair Corr
0.8	S	SentinelOne	Pair Corr
0.77	CETXP	Cemtrex Pref	Pair Corr
0.73	DBX	Dropbox	Pair Corr
0.66	DLO	Dlocal	Pair Corr
0.65	FLYW	Flywire Corp	Pair Corr
0.62	FIVN	Five9 Inc	Pair Corr
0.58	ZS	Zscaler Earnings Call This Week	Pair Corr
0.58	EVCM	EverCommerce	Pair Corr
0.52	DTSS	Datasea	Pair Corr
0.35	GB	Global Blue Group Earnings Call Today	Pair Corr
0.34	EVTC	Evertec	Pair Corr
0.31	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.86	PAY	Paymentus Holdings	Pair Corr
0.85	ZUO	Zuora Inc Earnings Call This Week	Pair Corr
0.78	NET	Cloudflare Sell-off Trend	Pair Corr
0.75	GDDY	Godaddy	Pair Corr
0.73	YEXT	Yext Inc	Pair Corr
0.72	FTNT	Fortinet	Pair Corr
0.71	GEN	Gen Digital	Pair Corr
0.67	WIX	WixCom Tech Boost	Pair Corr
0.6	IOT	Samsara	Pair Corr
0.58	RPD	Rapid7 Inc	Pair Corr
0.54	ODD	ODDITY Tech Tech Boost	Pair Corr
0.47	SWI	SolarWinds Corp	Pair Corr
0.44	TDC	Teradata Corp	Pair Corr

Related Correlations Analysis

	LVOX	EVTC	NTCT	RPAY	MRDB	CCSI	GB	ESMT	MLGO
LVOX		-0.05	-0.17	-0.13	-0.2	-0.25	-0.33	-0.11	0.55	LVOX
EVTC	-0.05		0.58	0.42	0.21	0.71	0.4	0.43	-0.35	EVTC
NTCT	-0.17	0.58		0.38	0.31	0.54	0.03	0.64	-0.22	NTCT
RPAY	-0.13	0.42	0.38		-0.3	0.63	-0.2	-0.07	0.1	RPAY
MRDB	-0.2	0.21	0.31	-0.3		0.12	0.38	0.62	-0.56	MRDB
CCSI	-0.25	0.71	0.54	0.63	0.12		0.22	0.25	-0.37	CCSI
GB	-0.33	0.4	0.03	-0.2	0.38	0.22		0.32	-0.76	GB
ESMT	-0.11	0.43	0.64	-0.07	0.62	0.25	0.32		-0.46	ESMT
MLGO	0.55	-0.35	-0.22	0.1	-0.56	-0.37	-0.76	-0.46		MLGO
	LVOX	EVTC	NTCT	RPAY	MRDB	CCSI	GB	ESMT	MLGO

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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

CCSI	+ 0.71	EVTC
ESMT	+ 0.64	NTCT
CCSI	+ 0.63	RPAY
ESMT	+ 0.62	MRDB
NTCT	+ 0.58	EVTC
MLGO	+ 0.55	LVOX

High negative correlations

MLGO	- 0.76	GB
MLGO	- 0.56	MRDB
MLGO	- 0.46	ESMT
MLGO	- 0.37	CCSI
MLGO	- 0.35	EVTC
GB	- 0.33	LVOX

Risk-Adjusted Indicators

There is a big difference between Synchronoss Stock performing well and Synchronoss Technologies 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 Synchronoss Technologies' 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
LVOX	2.06	0.02	0.00	0.06	0.00	0.00	4.81	(4.26)	19.68
EVTC	1.18	0.05	0.03	0.14	1.46	(1.23)	2.43	(2.30)	7.67
NTCT	1.48	(0.12)	(0.01)	0.04	1.77	(1.57)	3.23	(2.84)	10.35
RPAY	1.67	(0.23)	0.00	(0.03)	0.00	0.00	3.11	(3.56)	15.69
MRDB	0.97	0.16	0.01	(0.25)	1.11	(2.27)	1.92	(1.85)	7.73
CCSI	2.17	(0.02)	0.04	0.09	2.38	(2.51)	6.28	(3.62)	20.68
GB	2.53	0.46	0.11	1.52	3.24	(2.87)	4.72	(3.46)	23.79
ESMT	1.57	0.08	0.00	0.33	1.90	(1.59)	3.90	(2.93)	9.34
MLGO	7.10	(1.12)	0.00	1.95	0.00	0.00	21.74	(12.50)	61.79

Synchronoss Technologies Corporate Management

Jeffrey Miller	Chief Commercial Officer	Profile
Cara Blaszka	Senior Counsel	Profile
Louis Ferraro	Chief Officer	Profile
Christina Gabrys	Chief VP	Profile
Mina Lackner	Chief Officer	Profile
Serge Verba	Vice Management	Profile

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