Guidewire Software Correlations

GWRE Stock

USD 204.54 3.93 1.96%

The current 90-days correlation between Guidewire Software and Tyler Technologies is 0.39 (i.e., Weak diversification). The correlation of Guidewire 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.

Guidewire Software Correlation With Market

Very weak diversification

The correlation between Guidewire Software and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidewire Software and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Guidewire Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guidewire 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 real.

For information on how to trade Guidewire Stock refer to our How to Trade Guidewire Stock guide.

Moving together with Guidewire Stock

0.77	DT	Dynatrace Holdings LLC	Pair Corr
0.84	JG	Aurora Mobile	Pair Corr
0.7	NOW	NowVertical Group	Pair Corr
0.66	WEAV	Weave Communications	Pair Corr
0.82	BSY	Bentley Systems	Pair Corr
0.79	RXT	Rackspace Technology	Pair Corr
0.74	TTD	Trade Desk Downward Rally	Pair Corr
0.88	EVPL	Everplay Group PLC	Pair Corr
0.74	ERD	Eroad	Pair Corr
0.63	688118	Primeton Information	Pair Corr
0.75	MTEC	Made Tech Group	Pair Corr
0.75	ATG	Auction Technology	Pair Corr
0.62	300378	Digiwin Software	Pair Corr
0.65	688246	Goodwill E Health	Pair Corr
0.74	002232	Qiming Information	Pair Corr
0.83	TNE	Technology One	Pair Corr
0.81	002657	Sinodata	Pair Corr

Moving against Guidewire Stock

0.68	FICO	Fair Isaac	Pair Corr
0.79	601360	360 Security Technology	Pair Corr
0.72	300659	Zhongfu Information	Pair Corr
0.49	LNU	Linius Technologies	Pair Corr
0.81	MGIC	Magic Software Enter	Pair Corr
0.62	RDY	Readytech Holdings	Pair Corr

Related Correlations Analysis

	TYL	SSNC	NTNX	GDDY	GRAB	J	CPAY	U	TOST	PTC
TYL		0.34	0.73	0.82	0.65	0.34	0.37	0.09	0.75	0.87	TYL
SSNC	0.34		0.17	0.63	0.3	-0.32	0.62	0.72	0.33	0.17	SSNC
NTNX	0.73	0.17		0.73	0.79	0.61	-0.14	-0.21	0.67	0.75	NTNX
GDDY	0.82	0.63	0.73		0.66	0.2	0.41	0.38	0.77	0.66	GDDY
GRAB	0.65	0.3	0.79	0.66		0.6	-0.04	-0.07	0.6	0.79	GRAB
J	0.34	-0.32	0.61	0.2	0.6		-0.46	-0.59	0.49	0.62	J
CPAY	0.37	0.62	-0.14	0.41	-0.04	-0.46		0.75	0.33	0.06	CPAY
U	0.09	0.72	-0.21	0.38	-0.07	-0.59	0.75		0.14	-0.18	U
TOST	0.75	0.33	0.67	0.77	0.6	0.49	0.33	0.14		0.7	TOST
PTC	0.87	0.17	0.75	0.66	0.79	0.62	0.06	-0.18	0.7		PTC
	TYL	SSNC	NTNX	GDDY	GRAB	J	CPAY	U	TOST	PTC

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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	+ 0.87	TYL
GDDY	+ 0.82	TYL
GRAB	+ 0.79	NTNX
PTC	+ 0.79	GRAB
TOST	+ 0.77	GDDY
TOST	+ 0.75	TYL

High negative correlations

U	- 0.59	J
CPAY	- 0.46	J
J	- 0.32	SSNC
U	- 0.21	NTNX
PTC	- 0.18	U
CPAY	- 0.14	NTNX

Risk-Adjusted Indicators

There is a big difference between Guidewire Stock performing well and Guidewire 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 Guidewire 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
TYL	1.18	(0.34)	0.00	(0.43)	0.00	0.00	1.65	(2.15)	12.95
SSNC	1.03	(0.12)	0.00	(0.02)	0.00	0.00	1.85	(2.46)	7.41
NTNX	1.76	(0.70)	0.00	(1.60)	0.00	0.00	2.27	(5.32)	22.89
GDDY	1.21	(0.23)	0.00	(5.07)	0.00	0.00	2.28	(3.27)	8.52
GRAB	2.02	(0.14)	(0.04)	(0.01)	2.41	(2.30)	4.62	(4.32)	14.71
J	1.39	(0.22)	0.00	(0.05)	0.00	0.00	2.75	(2.84)	15.57
CPAY	1.48	(0.06)	(0.01)	0.05	1.97	(1.56)	3.76	(3.57)	9.01
U	3.08	0.29	0.02	(0.19)	3.71	(3.19)	7.12	(6.75)	25.31
TOST	2.09	(0.33)	0.00	(0.06)	0.00	0.00	4.14	(4.54)	16.25
PTC	1.00	(0.32)	0.00	(0.18)	0.00	0.00	1.48	(2.39)	11.28

Guidewire Software Corporate Management

Michael Polelle	Chief Delivery Officer	Profile
Michael Keller	Independent Director	Profile
Michael Mahoney	Head Services	Profile
Garo Toomajanian	IR Contact Officer	Profile
Brian Desmond	Chief Officer	Profile

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