Software Acquisition Correlations
| SWAGW Stock | USD 0.08 0.02 25.38% |
The current 90-days correlation between Software Acquisition and Cheer Holding is 0.03 (i.e., Significant 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
Very good diversification
The correlation between Software Acquisition Group and DJI is -0.34 (i.e., Very good 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.
Moving against Software Stock
| 0.59 | 32GA | Thunderbird Entertainment | PairCorr |
| 0.44 | SJ | Scienjoy Holding Corp | PairCorr |
| 0.44 | SCG | Sporting Clube de | PairCorr |
| 0.39 | ALECP | Europacorp | PairCorr |
| 0.37 | WDP0 | THE WALT DISNEY | PairCorr |
| 0.33 | WA4 | Warner Music Group | PairCorr |
| 0.31 | DIS | Walt Disney | PairCorr |
| 0.58 | GMGT | Gaming Technologies | PairCorr |
| 0.51 | GTNA | Gray Television Earnings Call Today | PairCorr |
| 0.47 | WMG | Warner Music Group Sell-off Trend | PairCorr |
| 0.31 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHR | 6.00 | (0.48) | 0.00 | (0.19) | 0.00 | 13.67 | 50.00 | |||
| ADV | 4.27 | (0.96) | 0.00 | (0.35) | 0.00 | 6.67 | 37.90 | |||
| KUKE | 31.51 | 8.86 | 0.20 | (0.30) | 25.62 | 150.00 | 382.50 | |||
| STFS | 3.73 | (0.67) | 0.00 | (0.58) | 0.00 | 10.00 | 36.67 | |||
| ONFO | 4.48 | (0.99) | 0.00 | (0.44) | 0.00 | 10.61 | 34.12 | |||
| ZNB | 8.65 | (1.26) | 0.00 | 2.65 | 0.00 | 12.90 | 90.82 | |||
| BZFD | 3.06 | (0.32) | 0.00 | (0.08) | 0.00 | 6.67 | 20.40 | |||
| CMLS | 9.70 | 0.50 | 0.04 | 0.70 | 10.15 | 25.18 | 63.76 | |||
| MOBQ | 5.39 | (1.01) | 0.00 | 1.29 | 0.00 | 14.10 | 40.47 |
Software Acquisition Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Software Acquisition stock to make a market-neutral strategy. Peer analysis of Software Acquisition could also be used in its relative valuation, which is a method of valuing Software Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 |