Sapiens International Correlations
SPNS Stock | USD 27.49 0.24 0.87% |
The current 90-days correlation between Sapiens International and Momentive Global is 0.01 (i.e., Significant diversification). The correlation of Sapiens International 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.
Sapiens International Correlation With Market
Modest diversification
The correlation between Sapiens International and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sapiens International and DJI in the same portfolio, assuming nothing else is changed.
Sapiens |
Moving together with Sapiens Stock
0.69 | XELAP | Exela Technologies Earnings Call This Week | PairCorr |
Moving against Sapiens Stock
0.78 | ML | MoneyLion | PairCorr |
0.68 | KC | Kingsoft Cloud Holdings Trending | PairCorr |
0.62 | WK | Workiva | PairCorr |
0.61 | VMEO | Vimeo Inc | PairCorr |
0.6 | DJCO | Daily Journal Corp | PairCorr |
0.6 | EB | Eventbrite Class A | PairCorr |
0.58 | DV | DoubleVerify Holdings | PairCorr |
0.58 | ZM | Zoom Video Communications | PairCorr |
0.56 | AI | C3 Ai Inc Trending | PairCorr |
0.56 | VERX | Vertex | PairCorr |
0.52 | DOMO | Domo Inc Earnings Call This Week | PairCorr |
0.51 | DSGX | Descartes Systems Earnings Call This Week | PairCorr |
0.5 | DOCU | DocuSign | PairCorr |
0.42 | DTRK | DATATRAK International | PairCorr |
0.39 | BL | Blackline | PairCorr |
0.34 | DUOL | Duolingo | PairCorr |
0.33 | DUOT | Duos Technologies | PairCorr |
0.32 | PD | Pagerduty Earnings Call This Week | PairCorr |
0.82 | EXFY | Expensify Tech Boost | PairCorr |
0.71 | APP | Applovin Corp | PairCorr |
0.67 | ANY | Sphere 3D Corp | PairCorr |
0.64 | WDAY | Workday Earnings Call Tomorrow | PairCorr |
0.59 | FICO | Fair Isaac | PairCorr |
0.58 | EGHT | 8x8 Common Stock | PairCorr |
0.56 | CRM | Salesforce Earnings Call This Week | PairCorr |
0.48 | ENFN | Enfusion | PairCorr |
0.46 | API | Agora Inc | PairCorr |
0.34 | ESTC | Elastic NV Tech Boost | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Sapiens Stock performing well and Sapiens International 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 Sapiens International'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MNTV | 0.90 | 0.50 | 1.99 | (10.83) | 0.00 | 0.43 | 20.63 | |||
PRO | 2.39 | 0.12 | 0.09 | 0.17 | 2.85 | 6.36 | 13.99 | |||
MIXT | 2.00 | (0.19) | 0.00 | (1.14) | 0.00 | 3.52 | 12.12 | |||
MLNK | 1.64 | (0.07) | (0.03) | 0.05 | 2.32 | 3.17 | 14.62 | |||
ENFN | 1.61 | 0.22 | 0.15 | 0.29 | 1.44 | 3.93 | 10.11 | |||
PDFS | 1.77 | (0.26) | (0.04) | 0.00 | 2.56 | 3.24 | 11.36 | |||
PRGS | 1.12 | 0.24 | 0.18 | 0.49 | 0.70 | 2.49 | 14.18 | |||
PLUS | 1.71 | (0.38) | 0.00 | (0.06) | 0.00 | 3.53 | 25.14 | |||
MODN | 0.50 | 0.21 | 0.05 | (0.40) | 0.29 | 1.01 | 10.58 | |||
AGYS | 1.94 | 0.09 | 0.08 | 0.16 | 2.94 | 4.17 | 14.47 |
Sapiens International Corporate Management
Hagit Ashkenazi | Executive Services | Profile | |
Roni Giladi | Chief Officer | Profile | |
Gary Sherne | EVP America | Profile | |
Osnat SegevHarel | Head Development | Profile | |
Asaf Amiel | Chief Officer | Profile | |
Dina Vince | Head Relations | Profile |