CSG Systems Correlations

CSGS Stock

USD 76.95 0.02 0.03%

The current 90-days correlation between CSG Systems International and Payoneer Global is -0.12 (i.e., Good diversification). The correlation of CSG 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.

CSG Systems Correlation With Market

Average diversification

The correlation between CSG Systems International and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSG Systems International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CSG Stock

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

Moving together with CSG Stock

0.78	IMXI	International Money	Pair Corr
0.71	CASS	Cass Information Systems	Pair Corr

Moving against CSG Stock

0.93	EEFT	Euronet Worldwide	Pair Corr
0.86	FOUR	Shift4 Payments	Pair Corr
0.81	INOD	Innodata Tech Boost	Pair Corr
0.78	XYZ	Block, Inc Symbol Change	Pair Corr
0.73	IIIV	i3 Verticals	Pair Corr
0.66	BR	Broadridge Financial	Pair Corr
0.66	VHAI	VHAI	Pair Corr
0.66	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.62	CPU	Computershare	Pair Corr
0.6	300010	Beijing Lanxum Tech	Pair Corr
0.57	WEX	Wex Inc	Pair Corr
0.55	CCA	Change Financial	Pair Corr
0.54	KC	Kingsoft Cloud Holdings	Pair Corr
0.54	MMS	Maximus	Pair Corr
0.51	GDS	GDS Holdings	Pair Corr
0.46	EXLS	ExlService Holdings	Pair Corr
0.43	603881	Shanghai AtHub	Pair Corr
0.89	CNXC	Concentrix	Pair Corr
0.87	CNDT	Conduent	Pair Corr
0.83	RPAY	Repay Holdings Corp	Pair Corr
0.8	TASK	Taskus Inc	Pair Corr
0.67	EML	EML Payments	Pair Corr
0.61	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.52	FSTF	First State Financial	Pair Corr
0.46	SABR	Sabre Corpo	Pair Corr
0.43	AFRM	Affirm Holdings	Pair Corr
0.43	EYE	Eagle Eye Solutions	Pair Corr
0.37	TTEC	TTEC Holdings	Pair Corr

Related Correlations Analysis

	PAYO	NTCT	TDC	ODD	APPN	EVCM	PGY	MQ	EVTC	FORTY
PAYO		-0.3	-0.5	0.81	-0.63	0.56	0.77	0.44	0.78	0.47	PAYO
NTCT	-0.3		0.53	-0.49	0.41	0.12	-0.35	-0.05	-0.57	0.03	NTCT
TDC	-0.5	0.53		-0.62	0.82	-0.26	-0.75	0.11	-0.5	-0.67	TDC
ODD	0.81	-0.49	-0.62		-0.71	0.39	0.84	0.47	0.9	0.53	ODD
APPN	-0.63	0.41	0.82	-0.71		-0.67	-0.69	0.05	-0.54	-0.71	APPN
EVCM	0.56	0.12	-0.26	0.39	-0.67		0.29	0.14	0.32	0.51	EVCM
PGY	0.77	-0.35	-0.75	0.84	-0.69	0.29		0.29	0.73	0.69	PGY
MQ	0.44	-0.05	0.11	0.47	0.05	0.14	0.29		0.62	0.13	MQ
EVTC	0.78	-0.57	-0.5	0.9	-0.54	0.32	0.73	0.62		0.35	EVTC
FORTY	0.47	0.03	-0.67	0.53	-0.71	0.51	0.69	0.13	0.35		FORTY
	PAYO	NTCT	TDC	ODD	APPN	EVCM	PGY	MQ	EVTC	FORTY

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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

EVTC	+ 0.9	ODD
PGY	+ 0.84	ODD
APPN	+ 0.82	TDC
ODD	+ 0.81	PAYO
EVTC	+ 0.78	PAYO
PGY	+ 0.77	PAYO

High negative correlations

PGY	- 0.75	TDC
FORTY	- 0.71	APPN
APPN	- 0.71	ODD
PGY	- 0.69	APPN
EVCM	- 0.67	APPN
FORTY	- 0.67	TDC

Risk-Adjusted Indicators

There is a big difference between CSG Stock performing well and CSG 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 CSG 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
PAYO	1.54	(0.26)	0.00	(0.12)	0.00	0.00	2.76	(3.81)	9.39
NTCT	1.39	0.07	0.03	0.14	1.71	(1.51)	2.52	(3.06)	11.36
TDC	2.28	0.49	0.21	0.39	1.93	(2.69)	4.38	(4.07)	36.67
ODD	2.36	(0.63)	0.00	(0.44)	0.00	0.00	3.98	(5.12)	15.92
APPN	2.50	0.35	0.10	15.96	2.48	(2.77)	5.01	(4.62)	37.82
EVCM	2.72	0.08	0.02	0.15	4.66	(2.68)	4.96	(5.45)	22.68
PGY	3.67	(0.81)	0.00	(0.17)	0.00	0.00	6.76	(8.60)	22.52
MQ	1.75	(0.17)	0.00	(0.16)	0.00	0.00	2.60	(4.17)	14.05
EVTC	1.49	(0.30)	0.00	(0.20)	0.00	0.00	2.63	(3.14)	9.49
FORTY	3.44	1.41	0.36	12.61	2.97	(4.14)	7.00	(3.82)	14.11

CSG Systems Corporate Management

Jim Daley	Cable Broadband	Profile
Doran Stienike	Chief Officer	Profile
Patrick Costello	VP Controller	Profile
Michael Woods	Media Communications	Profile
John CFA	Head Relations	Profile
Chad Dunavant	Executive Officer	Profile
Ian Watterson	Head Pacific	Profile

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