Software Acquisition Correlations

SWAG Stock

USD 1.12 0.01 0.90%

The current 90-days correlation between Software Acquisition and Zedge Inc is 0.23 (i.e., Modest diversification). The correlation of Software Acquisition 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.

Software Acquisition Correlation With Market

Modest diversification

The correlation between Software Acquisition Group and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Software Acquisition Group 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 Software Acquisition Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Software Stock

0.67	ADV	Advantage Solutions	Pair Corr
0.62	KUKE	Kuke Music Holding	Pair Corr
0.61	CRTO	Criteo Sa	Pair Corr
0.63	OB	Outbrain	Pair Corr

Moving against Software Stock

0.73	T	ATT Inc Aggressive Push	Pair Corr
0.6	WPP	WPP PLC ADR	Pair Corr
0.59	KT	KT Corporation	Pair Corr
0.54	CURIW	CuriosityStream	Pair Corr
0.52	LBRDA	Liberty Broadband Srs	Pair Corr
0.52	LBRDK	Liberty Broadband Srs	Pair Corr
0.49	TZOO	Travelzoo	Pair Corr
0.46	EVC	Entravision Communications	Pair Corr
0.42	DIS	Walt Disney Aggressive Push	Pair Corr
0.36	OMC	Omnicom Group	Pair Corr
0.33	Z	Zillow Group Class	Pair Corr
0.61	VEON	VEON	Pair Corr
0.44	EMMS	Emmis Communications Corp	Pair Corr
0.41	TV	Grupo Televisa SAB	Pair Corr
0.4	WB	Weibo Corp	Pair Corr
0.37	VSME	VS Media Holdings	Pair Corr
0.34	ANGHW	Anghami Warrants	Pair Corr
0.33	ZG	Zillow Group	Pair Corr
0.33	ZH	Zhihu Inc ADR Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ZDGE	BCE	IAS	KALU	TWI	KVHI	SPHR
ZDGE		0.69	-0.34	-0.53	0.42	-0.08	0.61	ZDGE
BCE	0.69		-0.27	-0.87	0.63	-0.39	0.3	BCE
IAS	-0.34	-0.27		0.52	0.1	-0.56	0.09	IAS
KALU	-0.53	-0.87	0.52		-0.39	0.2	-0.14	KALU
TWI	0.42	0.63	0.1	-0.39		-0.5	0.15	TWI
KVHI	-0.08	-0.39	-0.56	0.2	-0.5		-0.19	KVHI
SPHR	0.61	0.3	0.09	-0.14	0.15	-0.19		SPHR
	ZDGE	BCE	IAS	KALU	TWI	KVHI	SPHR

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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

BCE	+ 0.69	ZDGE
TWI	+ 0.63	BCE
SPHR	+ 0.61	ZDGE
KALU	+ 0.52	IAS
TWI	+ 0.42	ZDGE
SPHR	+ 0.3	BCE

High negative correlations

KALU	- 0.87	BCE
KVHI	- 0.56	IAS
KALU	- 0.53	ZDGE
KVHI	- 0.5	TWI
TWI	- 0.39	KALU
KVHI	- 0.39	BCE

Risk-Adjusted Indicators

There is a big difference between Software Stock performing well and Software Acquisition 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 Software Acquisition'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
ZDGE	2.92	(0.37)	0.00	(0.72)	0.00	0.00	5.35	(6.17)	19.78
BCE	0.85	(0.35)	0.00	(2.22)	0.00	0.00	1.53	(1.83)	12.47
IAS	1.60	(0.12)	0.00	(0.04)	0.00	0.00	3.45	(2.41)	23.54
KALU	1.75	0.05	0.07	0.11	1.97	(1.84)	4.12	(3.24)	14.56
TWI	2.32	(0.39)	0.00	(0.04)	0.00	0.00	4.15	(5.01)	19.13
KVHI	1.69	0.16	0.06	0.38	1.64	(2.14)	4.42	(2.92)	10.42
SPHR	2.09	(0.31)	0.00	(0.13)	0.00	0.00	5.06	(4.40)	14.27

Software Acquisition Corporate Management

Mike Nikzad	VP Director	Profile
Sheila Johnshoy	Chief Officer	Profile
Nick Kiefer	Executive Sales	Profile
Jason Nolley	Chief Officer	Profile
Ian Wall	Chief Officer	Profile
Howie Turkenkopf	Vice Marketing	Profile

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