Asure Software Correlations

ASUR Stock

USD 9.49 0.38 3.85%

The current 90-days correlation between Asure Software and Oramed Pharmaceuticals is 0.29 (i.e., Modest diversification). The correlation of Asure Software 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.

Asure Software Correlation With Market

Almost no diversification

The correlation between Asure Software and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asure Software and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Asure Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asure Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Asure Stock, please use our How to Invest in Asure Software guide.

Moving together with Asure Stock

0.88	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.72	GLUC	Glucose Health	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.9	BA	Boeing	Pair Corr
0.63	DIS	Walt Disney Sell-off Trend	Pair Corr
0.75	MRK	Merck Company Aggressive Push	Pair Corr
0.64	INTC	Intel Aggressive Push	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.78	CAT	Caterpillar	Pair Corr

Moving against Asure Stock

0.84	DOMO	Domo Inc	Pair Corr
0.81	DDOG	Datadog Earnings Call This Week	Pair Corr
0.8	LPSN	LivePerson	Pair Corr
0.7	DT	Dynatrace Holdings LLC Earnings Call Today	Pair Corr
0.7	ADSK	Autodesk	Pair Corr
0.67	PD	Pagerduty	Pair Corr
0.63	TTD	Trade Desk	Pair Corr
0.61	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.6	MNDY	MondayCom Earnings Call This Week	Pair Corr
0.58	PHUN	Phunware	Pair Corr
0.57	INTU	Intuit Inc	Pair Corr
0.55	BLIV	BeLive Holdings Ordinary Tech Boost	Pair Corr
0.49	ESTC	Elastic NV	Pair Corr
0.48	TEAM	Atlassian Corp Plc Earnings Call Tomorrow	Pair Corr
0.47	BMR	Beamr Imaging	Pair Corr
0.47	HUBS	HubSpot	Pair Corr
0.42	SIGL	Signal Advance	Pair Corr
0.4	MQ	Marqeta	Pair Corr
0.5	MMM	3M Company	Pair Corr
0.35	HNRC	Houston Natural Resources	Pair Corr

Related Correlations Analysis

	MSTSX	RRTLX	ORMP	GSFP	VTARX	MCTA	GBDC	GSBD	BCSF	BGAFX
MSTSX		0.97	0.81	0.65	0.94	0.26	0.03	-0.44	0.23	0.68	MSTSX
RRTLX	0.97		0.87	0.74	0.95	0.34	0.08	-0.37	0.28	0.7	RRTLX
ORMP	0.81	0.87		0.86	0.78	0.49	0.12	-0.23	0.27	0.57	ORMP
GSFP	0.65	0.74	0.86		0.67	0.72	0.12	-0.21	0.4	0.44	GSFP
VTARX	0.94	0.95	0.78	0.67		0.31	0.0	-0.49	0.29	0.67	VTARX
MCTA	0.26	0.34	0.49	0.72	0.31		-0.01	-0.2	0.25	0.1	MCTA
GBDC	0.03	0.08	0.12	0.12	0.0	-0.01		0.55	0.77	0.37	GBDC
GSBD	-0.44	-0.37	-0.23	-0.21	-0.49	-0.2	0.55		0.19	-0.06	GSBD
BCSF	0.23	0.28	0.27	0.4	0.29	0.25	0.77	0.19		0.45	BCSF
BGAFX	0.68	0.7	0.57	0.44	0.67	0.1	0.37	-0.06	0.45		BGAFX
	MSTSX	RRTLX	ORMP	GSFP	VTARX	MCTA	GBDC	GSBD	BCSF	BGAFX

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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

RRTLX	+ 0.97	MSTSX
VTARX	+ 0.95	RRTLX
VTARX	+ 0.94	MSTSX
ORMP	+ 0.87	RRTLX
GSFP	+ 0.86	ORMP
ORMP	+ 0.81	MSTSX

High negative correlations

GSBD	- 0.49	VTARX
GSBD	- 0.44	MSTSX
GSBD	- 0.37	RRTLX
GSBD	- 0.23	ORMP
GSBD	- 0.21	GSFP
GSBD	- 0.2	MCTA

Risk-Adjusted Indicators

There is a big difference between Asure Stock performing well and Asure Software 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 Asure Software'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
MSTSX	0.65	0.15	0.16	0.61	0.44	(0.81)	0.93	(1.09)	12.28
RRTLX	0.26	0.04	0.04	0.17	0.15	(0.33)	0.57	(0.49)	3.30
ORMP	2.69	0.62	0.27	0.35	1.90	(3.85)	6.98	(3.49)	17.67
GSFP	0.55	0.18	0.22	1.77	0.33	(0.68)	1.27	(1.10)	3.10
VTARX	0.67	0.18	0.28	0.36	0.00	(0.90)	0.86	(0.83)	17.94
MCTA	3.40	1.31	0.00	1.35	0.00	0.00	6.97	(2.09)	60.38
GBDC	0.75	(0.13)	0.00	(0.22)	0.00	0.00	1.37	(1.82)	4.99
GSBD	0.84	(0.10)	0.00	(0.17)	0.00	0.00	1.73	(1.93)	4.38
BCSF	0.95	(0.13)	0.00	(0.17)	0.00	0.00	1.93	(2.13)	6.32
BGAFX	0.91	0.01	0.00	0.05	1.06	(1.09)	1.75	(2.41)	12.37

Asure Software Corporate Management

Todd Waletzki	Chief Staff	Profile
Mike Vannoy	Vice Marketing	Profile
Yasmine Rodriguez	Senior Compliance	Profile
Eyal Goldstein	Chief Revenue Officer	Profile
Randal Rudniski	Financial Relations	Profile
John Pence	Principal CFO	Profile

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