CoreCard Corp Correlations

CCRD Stock

USD 20.98 0.38 1.78%

The current 90-days correlation between CoreCard Corp and American Software is -0.12 (i.e., Good diversification). The correlation of CoreCard Corp 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.

CoreCard Corp Correlation With Market

Modest diversification

The correlation between CoreCard Corp 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 CoreCard Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CoreCard Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with CoreCard Stock

0.83	DJCO	Daily Journal Corp	Pair Corr
0.69	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.76	DV	DoubleVerify Holdings	Pair Corr
0.84	EB	Eventbrite Class A	Pair Corr
0.75	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.84	ML	MoneyLion	Pair Corr
0.65	PD	Pagerduty	Pair Corr
0.78	WK	Workiva	Pair Corr
0.77	ZM	Zoom Video Communications	Pair Corr
0.73	DOMO	Domo Inc	Pair Corr
0.71	VERX	Vertex	Pair Corr
0.66	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.72	DTRK	DATATRAK International	Pair Corr
0.84	VMEO	Vimeo Inc	Pair Corr
0.82	EGHT	8x8 Common Stock	Pair Corr
0.61	ENFN	Enfusion	Pair Corr
0.68	WDAY	Workday	Pair Corr

Moving against CoreCard Stock

0.62	VTEX	VTEX	Pair Corr
0.79	XELAP	Exela Technologies	Pair Corr
0.53	BMR	Beamr Imaging Tech Boost	Pair Corr
0.49	SBIGW	SpringBig Holdings	Pair Corr
0.4	ELCO	Elcom International	Pair Corr
0.39	EVOL	Evolving Systems	Pair Corr
0.33	BSY	Bentley Systems	Pair Corr

Related Correlations Analysis

	AMSWA	MLNK	MODN	MNTV	CWAN	EXFY	ENV	PYCR	APPF	AGYS
AMSWA		-0.17	0.74	0.58	0.66	0.06	0.23	0.54	-0.13	0.38	AMSWA
MLNK	-0.17		-0.18	-0.1	0.22	0.52	0.4	0.44	0.39	0.02	MLNK
MODN	0.74	-0.18		0.63	0.49	-0.04	-0.05	0.3	-0.06	0.3	MODN
MNTV	0.58	-0.1	0.63		0.32	0.0	-0.08	0.18	-0.11	0.12	MNTV
CWAN	0.66	0.22	0.49	0.32		0.6	0.66	0.9	0.3	0.82	CWAN
EXFY	0.06	0.52	-0.04	0.0	0.6		0.78	0.71	0.69	0.61	EXFY
ENV	0.23	0.4	-0.05	-0.08	0.66	0.78		0.78	0.31	0.64	ENV
PYCR	0.54	0.44	0.3	0.18	0.9	0.71	0.78		0.41	0.69	PYCR
APPF	-0.13	0.39	-0.06	-0.11	0.3	0.69	0.31	0.41		0.33	APPF
AGYS	0.38	0.02	0.3	0.12	0.82	0.61	0.64	0.69	0.33		AGYS
	AMSWA	MLNK	MODN	MNTV	CWAN	EXFY	ENV	PYCR	APPF	AGYS

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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

PYCR	+ 0.9	CWAN
AGYS	+ 0.82	CWAN
ENV	+ 0.78	EXFY
PYCR	+ 0.78	ENV
MODN	+ 0.74	AMSWA
PYCR	+ 0.71	EXFY

High negative correlations

MODN	- 0.18	MLNK
MLNK	- 0.17	AMSWA
APPF	- 0.13	AMSWA
APPF	- 0.11	MNTV
MNTV	- 0.1	MLNK
ENV	- 0.08	MNTV

Risk-Adjusted Indicators

There is a big difference between CoreCard Stock performing well and CoreCard Corp 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 CoreCard Corp'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
AMSWA	1.44	0.34	0.12	(0.68)	1.18	(1.67)	3.79	(2.53)	10.40
MLNK	1.62	(0.10)	(0.04)	0.01	2.41	(1.51)	3.17	(3.18)	14.62
MODN	0.50	0.17	0.05	(1.71)	0.29	(0.69)	1.01	(0.50)	10.58
MNTV	0.90	0.60	2.02	(0.52)	0.00	(1.77)	0.43	(0.21)	20.63
CWAN	1.46	0.24	0.15	0.30	1.42	(1.56)	2.80	(2.78)	18.70
EXFY	3.66	0.43	0.16	0.35	2.89	(5.30)	11.36	(4.19)	27.58
ENV	0.09	0.00	(0.81)	0.13	0.09	(0.10)	0.22	(0.22)	0.68
PYCR	1.51	0.19	0.12	0.26	1.45	(1.63)	3.12	(2.96)	9.64
APPF	1.45	0.00	0.02	0.12	2.17	(1.56)	2.86	(2.27)	15.04
AGYS	1.93	0.03	0.06	0.13	2.93	(1.83)	4.17	(5.24)	14.47

CoreCard Corp Corporate Management

Elizabeth Camp	Independent Director	Profile
Philip Moise	Independent Director	Profile
A Chandler	Independent Director	Profile
Karen Reynolds	Adviser	Profile

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