Software Acquisition Correlations

SWAG Stock

USD 1.66 0.01 0.60%

The current 90-days correlation between Software Acquisition and ACCESS Newswire is 0.12 (i.e., Average diversification). The correlation of Software Acquisition 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.

Software Acquisition Correlation With Market

Weak diversification

The correlation between Software Acquisition Group and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Software Acquisition Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Software Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Software Acquisition Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Software Stock

0.45	LYV	Live Nation Entertainment	Pair Corr
0.43	WIMI	WiMi Hologram Cloud	Pair Corr
0.43	BATRK	Atlanta Braves Holdings,	Pair Corr
0.39	BATRA	Atlanta Braves Holdings,	Pair Corr
0.49	GROM	Grom Social Enterprises	Pair Corr
0.47	CJR-B	Corus Entertainment	Pair Corr
0.44	SEATW	Vivid Seats Warrant	Pair Corr
0.41	GAME	GameSquare Holdings	Pair Corr
0.39	GAIA	Gaia Inc	Pair Corr
0.37	TME	Tencent Music Entert	Pair Corr
0.37	GTNA	Gray Television	Pair Corr
0.33	TKO	TKO Group Holdings,	Pair Corr
0.33	WMG	Warner Music Group	Pair Corr
0.33	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	ACCS	TZUP	FLNT	INUV	ABLV	TOON	ZDGE	UONE	HHS
ACCS		0.72	0.59	0.84	0.71	0.5	0.53	0.74	0.53	ACCS
TZUP	0.72		0.6	0.57	0.72	0.43	0.75	0.5	0.38	TZUP
FLNT	0.59	0.6		0.41	0.6	0.53	0.75	0.12	0.38	FLNT
INUV	0.84	0.57	0.41		0.54	0.49	0.35	0.83	0.7	INUV
ABLV	0.71	0.72	0.6	0.54		0.66	0.53	0.46	0.4	ABLV
TOON	0.5	0.43	0.53	0.49	0.66		0.44	0.26	0.62	TOON
ZDGE	0.53	0.75	0.75	0.35	0.53	0.44		0.14	0.38	ZDGE
UONE	0.74	0.5	0.12	0.83	0.46	0.26	0.14		0.43	UONE
HHS	0.53	0.38	0.38	0.7	0.4	0.62	0.38	0.43		HHS
	ACCS	TZUP	FLNT	INUV	ABLV	TOON	ZDGE	UONE	HHS

Risk-Adjusted Indicators

There is a big difference between Software Stock performing well and Software Acquisition 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 Software Acquisition'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
ACCS	2.07	(0.33)	0.00	(0.44)	0.00	0.00	5.22	(4.64)	21.42
TZUP	4.91	(0.18)	0.00	0.49	0.00	0.00	11.03	(9.80)	29.93
FLNT	2.98	0.28	0.07	0.46	3.17	(3.86)	6.25	(4.95)	14.82
INUV	3.07	(0.74)	0.00	(0.24)	0.00	0.00	5.82	(7.61)	18.48
ABLV	4.25	(0.09)	0.00	(0.18)	0.00	0.00	8.70	(10.58)	54.31
TOON	3.06	(0.24)	0.00	(0.02)	0.00	0.00	6.76	(5.26)	23.40
ZDGE	3.68	0.31	0.05	0.36	5.50	(3.97)	7.42	(5.81)	31.44
UONE	2.31	(0.56)	0.00	(1.16)	0.00	0.00	4.46	(5.13)	18.36
HHS	2.90	(0.14)	0.00	(0.22)	0.00	0.00	8.14	(7.05)	24.90

Software Acquisition Corporate Management

Mike Nikzad	VP Director	Profile
Jason Nolley	Chief Officer	Profile
Ian Wall	Chief Officer	Profile
David Browner	Chief Officer	Profile
Sheila Johnshoy	Chief Officer	Profile

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