Correlation Between Winner Information and Asure Software

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Can any of the company-specific risk be diversified away by investing in both Winner Information and Asure Software at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Winner Information and Asure Software into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Winner Information Technology and Asure Software, you can compare the effects of market volatilities on Winner Information and Asure Software and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Winner Information with a short position of Asure Software. Check out your portfolio center. Please also check ongoing floating volatility patterns of Winner Information and Asure Software.

Diversification Opportunities for Winner Information and Asure Software

-0.53
  Correlation Coefficient

Excellent diversification

The 3 months correlation between Winner and Asure is -0.53. Overlapping area represents the amount of risk that can be diversified away by holding Winner Information Technology and Asure Software in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Asure Software and Winner Information is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Winner Information Technology are associated (or correlated) with Asure Software. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Asure Software has no effect on the direction of Winner Information i.e., Winner Information and Asure Software go up and down completely randomly.

Pair Corralation between Winner Information and Asure Software

Assuming the 90 days trading horizon Winner Information Technology is expected to under-perform the Asure Software. In addition to that, Winner Information is 1.62 times more volatile than Asure Software. It trades about -0.08 of its total potential returns per unit of risk. Asure Software is currently generating about 0.07 per unit of volatility. If you would invest  801.00  in Asure Software on September 13, 2025 and sell it today you would earn a total of  76.00  from holding Asure Software or generate 9.49% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthVery Weak
Accuracy92.06%
ValuesDaily Returns

Winner Information Technology  vs.  Asure Software

 Performance 
       Timeline  
Winner Information 

Risk-Adjusted Performance

Weakest

 
Weak
 
Strong
Over the last 90 days Winner Information Technology has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.
Asure Software 

Risk-Adjusted Performance

Mild

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Asure Software are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Asure Software may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Winner Information and Asure Software Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Winner Information and Asure Software

The main advantage of trading using opposite Winner Information and Asure Software positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Winner Information position performs unexpectedly, Asure Software can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asure Software will offset losses from the drop in Asure Software's long position.
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The idea behind Winner Information Technology and Asure Software pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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Check out your portfolio center.
Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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