Software Acquisition Correlations
| SWAGW Stock | USD 0.01 0 20.00% |
The current 90-days correlation between Software Acquisition and Codexis is -0.02 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Software Acquisition Correlation With Market
Significant diversification
The correlation between Software Acquisition Group and DJI is 0.04 (i.e., Significant 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.
Software |
Moving together with Software Stock
| 0.64 | KUKE | Kuke Music Holding | PairCorr |
| 0.75 | TC | TuanChe ADR | PairCorr |
| 0.76 | TU | Telus Corp | PairCorr |
| 0.75 | EVER | EverQuote Class A | PairCorr |
Moving against Software Stock
| 0.85 | RSVR | Reservoir Media | PairCorr |
| 0.8 | WMG | Warner Music Group | PairCorr |
| 0.71 | SE | Sea | PairCorr |
| 0.67 | CMCSA | Comcast Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.67 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.67 | EA | Electronic Arts | PairCorr |
| 0.63 | RSVRW | Reservoir Media Mana | PairCorr |
| 0.62 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.59 | CHTR | Charter Communications | PairCorr |
| 0.48 | Z | Zillow Group Class Sell-off Trend | PairCorr |
| 0.47 | KT | KT Corporation | PairCorr |
| 0.47 | ZG | Zillow Group | PairCorr |
| 0.35 | OB | Outbrain | PairCorr |
| 0.32 | IAS | Integral Ad Science | PairCorr |
| 0.7 | FOXA | Fox Corp Class | PairCorr |
| 0.65 | VEON | VEON | PairCorr |
| 0.65 | CNK | Cinemark Holdings | PairCorr |
| 0.56 | DOYU | DouYu International | PairCorr |
| 0.53 | CCG | Cheche Group Class | PairCorr |
| 0.52 | CNM | Core Main | PairCorr |
| 0.47 | BOC | Boston Omaha Corp | PairCorr |
| 0.46 | CTV | Innovid Corp | PairCorr |
| 0.44 | VSME | VS Media Holdings | PairCorr |
Related Correlations Analysis
| 0.85 | 0.76 | -0.38 | -0.84 | 0.84 | LXFR | ||
| 0.85 | 0.82 | -0.54 | -0.79 | 0.79 | ECVT | ||
| 0.76 | 0.82 | -0.5 | -0.78 | 0.82 | CDXS | ||
| -0.38 | -0.54 | -0.5 | 0.46 | -0.51 | EMN | ||
| -0.84 | -0.79 | -0.78 | 0.46 | -0.87 | FQVTF | ||
| 0.84 | 0.79 | 0.82 | -0.51 | -0.87 | SAM | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LXFR | 1.89 | 0.28 | 0.16 | 0.41 | 1.48 | 3.67 | 17.85 | |||
| ECVT | 1.92 | 0.16 | 0.11 | 0.24 | 1.52 | 6.04 | 18.71 | |||
| CDXS | 3.19 | 1.05 | 0.32 | 0.71 | 2.59 | 9.46 | 18.89 | |||
| EMN | 1.05 | (0.07) | (0.07) | 0.03 | 1.23 | 2.78 | 7.31 | |||
| FQVTF | 1.08 | (0.29) | 0.00 | (1.07) | 0.00 | 2.03 | 8.63 | |||
| SAM | 1.22 | 0.17 | 0.08 | 0.44 | 1.26 | 2.43 | 6.51 |
Software Acquisition Corporate Management
| 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 | |
| David Browner | Chief Officer | Profile |