Software Acquisition Correlations

Stocks . USA . 
Stock . Software Acquisition Group
SWAG Stock  USD 1.45  0.01  0.69%   
The current 90-days correlation between Software Acquisition and Allient is 0.04 (i.e., Significant 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

Good diversification

The correlation between Software Acquisition Group and DJI is -0.03 (i.e., Good 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.
  
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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 together with Software Stock

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  0.63TC TuanChe ADRPairCorr
  0.79TU Telus CorpPairCorr
  0.76WB Weibo CorpPairCorr
  0.73DLPN Dolphin EntertainmentPairCorr
  0.78VENU Venu HoldingPairCorr
  0.79BATRA Atlanta Braves Holdings,PairCorr
  0.85BATRK Atlanta Braves Holdings,PairCorr

Moving against Software Stock

  0.74WIMI WiMi Hologram CloudPairCorr
  0.59NCMI National CineMediaPairCorr
  0.38IQ iQIYI IncPairCorr
  0.34ZD Ziff DavisPairCorr
  0.61FLNT Fluent IncPairCorr
  0.57GDEVW Nexters WarrantPairCorr
  0.5BOC Boston Omaha CorpPairCorr
  0.5CCG Cheche Group Class Earnings Call This WeekPairCorr
  0.45ANGHW Anghami WarrantsPairCorr
  0.37DRCT Direct Digital HoldingsPairCorr
  0.33DOYU DouYu InternationalPairCorr

Related Correlations Analysis

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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.

Software Acquisition Corporate Management

Mike NikzadVP DirectorProfile
Sheila JohnshoyChief OfficerProfile
Nick KieferExecutive SalesProfile
Jason NolleyChief OfficerProfile
Ian WallChief OfficerProfile
Howie TurkenkopfVice MarketingProfile
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