Verint Systems Correlations

VRNT Stock

USD 23.29 0.11 0.47%

The current 90-days correlation between Verint Systems and Golden Matrix Group is 0.24 (i.e., Modest diversification). The correlation of Verint Systems 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.

Verint Systems Correlation With Market

Very weak diversification

The correlation between Verint Systems and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verint Systems 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 Verint Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Verint Stock please use our How to Invest in Verint Systems guide.

Moving together with Verint Stock

0.86	VRAR	Glimpse Group	Pair Corr
0.65	EEFT	Euronet Worldwide	Pair Corr

Moving against Verint Stock

0.81	CETXP	Cemtrex Pref	Pair Corr
0.73	JG	Aurora Mobile Trending	Pair Corr
0.67	FFIV	F5 Networks	Pair Corr
0.61	GB	Global Blue Group Earnings Call Tomorrow	Pair Corr
0.51	DOCN	DigitalOcean Holdings	Pair Corr
0.47	NN	Nextnav Acquisition Corp Downward Rally	Pair Corr
0.44	SQ	Block Inc	Pair Corr
0.42	DTSS	Datasea	Pair Corr
0.38	S	SentinelOne	Pair Corr
0.36	VERI	Veritone	Pair Corr
0.74	IOT	Samsara	Pair Corr
0.65	FOUR	Shift4 Payments Sell-off Trend	Pair Corr
0.64	XNET	Xunlei Ltd Adr	Pair Corr
0.56	BOX	Box Inc	Pair Corr
0.55	DBX	Dropbox	Pair Corr
0.52	DOX	Amdocs	Pair Corr
0.52	GEN	Gen Digital	Pair Corr
0.52	NET	Cloudflare	Pair Corr
0.44	RXT	Rackspace Technology	Pair Corr
0.43	GCT	GigaCloud Technology	Pair Corr
0.39	RPD	Rapid7 Inc	Pair Corr
0.37	MDB	MongoDB	Pair Corr
0.36	FTNT	Fortinet	Pair Corr
0.33	ODD	ODDITY Tech	Pair Corr
0.33	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	GMGI	IPMLF	EA	GOLD	BYD	EFRMF
GMGI		-0.22	0.76	-0.66	0.52	-0.13	GMGI
IPMLF	-0.22		-0.34	0.34	-0.23	0.16	IPMLF
EA	0.76	-0.34		-0.84	0.66	-0.38	EA
GOLD	-0.66	0.34	-0.84		-0.65	0.41	GOLD
BYD	0.52	-0.23	0.66	-0.65		-0.71	BYD
EFRMF	-0.13	0.16	-0.38	0.41	-0.71		EFRMF
	GMGI	IPMLF	EA	GOLD	BYD	EFRMF

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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

EA	+ 0.76	GMGI
BYD	+ 0.66	EA
BYD	+ 0.52	GMGI
EFRMF	+ 0.41	GOLD
GOLD	+ 0.34	IPMLF
EFRMF	+ 0.16	IPMLF

High negative correlations

GOLD	- 0.84	EA
EFRMF	- 0.71	BYD
GOLD	- 0.66	GMGI
BYD	- 0.65	GOLD
EFRMF	- 0.38	EA
EA	- 0.34	IPMLF

Risk-Adjusted Indicators

There is a big difference between Verint Stock performing well and Verint Systems 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 Verint Systems' 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
GMGI	3.73	(0.05)	0.01	0.06	3.99	(4.53)	7.95	(6.59)	19.37
IPMLF	1.18	(0.18)	0.00	(0.88)	0.00	0.00	3.68	(3.18)	10.50
EA	0.85	0.13	0.06	0.38	1.19	(0.80)	1.64	(1.75)	4.73
GOLD	1.51	(0.17)	0.00	1.52	0.00	0.00	2.85	(3.49)	9.58
BYD	1.17	0.23	0.21	0.32	0.80	(1.47)	3.30	(1.73)	9.58
EFRMF	1.58	(0.68)	0.00	1.48	0.00	0.00	0.00	0.00	28.57

Verint Systems Corporate Management

Celia Fleischaker	Chief Officer	Profile
Peter Fante	Chief Legal Officer, Chief Compliance Officer and Corporate Officer	Profile
Nick Nonini	Managing EMEA	Profile
Jaime Meritt	Chief Officer	Profile

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