Fair Isaac Correlations

FICO Stock

USD 1,734 8.65 0.50%

The current 90-days correlation between Fair Isaac and Celestica is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fair Isaac moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fair Isaac moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fair Isaac Correlation With Market

Modest diversification

The correlation between Fair Isaac and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fair Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fair Isaac. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Fair Stock, please use our How to Invest in Fair Isaac guide.

Moving together with Fair Stock

0.68

MGIC

Magic Software Enter

Pair Corr

Moving against Fair Stock

0.67	DV	DoubleVerify Holdings	Pair Corr
0.64	GWRE	Guidewire Software	Pair Corr
0.61	RXT	Rackspace Technology	Pair Corr
0.6	JG	Aurora Mobile	Pair Corr
0.58	PD	Pagerduty	Pair Corr
0.53	WISH	Wishpond Technologies	Pair Corr
0.52	MSFT	Microsoft Corp CDR	Pair Corr
0.51	TTD	Trade Desk	Pair Corr
0.37	OVT	Oculus VisionTech	Pair Corr
0.34	VENZ	Venzee Technologies	Pair Corr
0.62	EVPL	Everplay Group PLC	Pair Corr
0.61	TNE	Technology One	Pair Corr
0.6	ATG	Auction Technology	Pair Corr
0.6	ALT	Altitude Group Plc	Pair Corr
0.56	ERD	Eroad	Pair Corr
0.54	CMG	Computer Modelling	Pair Corr
0.52	ALFA	Alfa Financial Software	Pair Corr
0.52	VR1	Vection Technologies	Pair Corr
0.51	APTD	Aptitude Software	Pair Corr
0.5	MTEC	Made Tech Group	Pair Corr
0.36	HSN	Hansen Technologies	Pair Corr
0.36	KARO	Karooooo	Pair Corr
0.35	IAM	Income Asset Management	Pair Corr
0.33	ID	Identillect Technologies Split	Pair Corr
0.71	PRCH	Porch Group	Pair Corr
0.63	HTG	Harvest Technology	Pair Corr
0.59	CSU	Constellation Software	Pair Corr
0.57	WTC	Wisetech Global	Pair Corr

Related Correlations Analysis

	CLS	GRMN	NOK	TEAM	TTD	ZM	XYZ	PTC	CTSH	UI
CLS		-0.71	0.85	0.11	-0.46	0.46	-0.5	-0.62	0.56	-0.11	CLS
GRMN	-0.71		-0.63	0.12	0.86	-0.39	0.89	0.92	-0.72	0.66	GRMN
NOK	0.85	-0.63		0.1	-0.34	0.37	-0.41	-0.54	0.47	-0.04	NOK
TEAM	0.11	0.12	0.1		0.1	0.56	0.27	0.29	0.11	0.32	TEAM
TTD	-0.46	0.86	-0.34	0.1		-0.54	0.91	0.9	-0.85	0.83	TTD
ZM	0.46	-0.39	0.37	0.56	-0.54		-0.37	-0.38	0.76	-0.29	ZM
XYZ	-0.5	0.89	-0.41	0.27	0.91	-0.37		0.94	-0.74	0.84	XYZ
PTC	-0.62	0.92	-0.54	0.29	0.9	-0.38	0.94		-0.8	0.78	PTC
CTSH	0.56	-0.72	0.47	0.11	-0.85	0.76	-0.74	-0.8		-0.62	CTSH
UI	-0.11	0.66	-0.04	0.32	0.83	-0.29	0.84	0.78	-0.62		UI
	CLS	GRMN	NOK	TEAM	TTD	ZM	XYZ	PTC	CTSH	UI

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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

PTC	+ 0.94	XYZ
PTC	+ 0.92	GRMN
XYZ	+ 0.91	TTD
PTC	+ 0.9	TTD
XYZ	+ 0.89	GRMN
TTD	+ 0.86	GRMN

High negative correlations

CTSH	- 0.85	TTD
CTSH	- 0.8	PTC
CTSH	- 0.74	XYZ
CTSH	- 0.72	GRMN
GRMN	- 0.71	CLS
NOK	- 0.63	GRMN

Risk-Adjusted Indicators

There is a big difference between Fair Stock performing well and Fair Isaac 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 Fair Isaac'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
CLS	3.69	0.25	0.06	0.15	5.35	(3.46)	7.89	(7.56)	27.95
GRMN	1.19	(0.25)	0.00	(0.16)	0.00	0.00	2.10	(2.42)	15.12
NOK	2.05	0.51	0.17	0.69	2.40	(2.27)	3.47	(3.42)	31.94
TEAM	1.80	(0.09)	0.00	(0.02)	0.00	0.00	4.50	(3.80)	12.54
TTD	1.89	(0.30)	0.00	(0.29)	0.00	0.00	3.39	(4.10)	11.62
ZM	1.33	0.04	0.03	0.09	1.59	(1.34)	2.49	(2.84)	13.18
XYZ	2.09	(0.34)	0.00	(0.11)	0.00	0.00	2.96	(5.28)	14.15
PTC	1.01	(0.28)	0.00	(0.18)	0.00	0.00	1.48	(2.39)	11.28
CTSH	1.02	0.31	0.22	0.33	0.92	(1.13)	2.80	(1.99)	8.17
UI	2.23	(0.20)	0.00	(0.05)	0.00	0.00	3.41	(4.07)	29.29

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