ACCESS Newswire Correlations

ACCS Stock

USD 12.02 0.09 0.74%

The current 90-days correlation between ACCESS Newswire and Universal Insurance Holdings is -0.05 (i.e., Good diversification). The correlation of ACCESS Newswire 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ACCESS Newswire Correlation With Market

Good diversification

The correlation between ACCESS Newswire and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACCESS Newswire and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ACCESS Stock

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

For more information on how to buy ACCESS Stock please use our How to Invest in ACCESS Newswire guide.

Moving together with ACCESS Stock

0.69	AZ	A2Z Smart Technologies	Pair Corr
0.65	VS	Versus Systems	Pair Corr
0.73	DOMO	Domo Inc Upward Rally	Pair Corr
0.73	EGAN	eGain	Pair Corr
0.7	BSY	Bentley Systems	Pair Corr

Moving against ACCESS Stock

0.81	VMEO	Vimeo Inc	Pair Corr
0.65	VERX	Vertex	Pair Corr
0.57	DOCU	DocuSign	Pair Corr
0.53	WK	Workiva	Pair Corr
0.51	DSGX	Descartes Systems	Pair Corr
0.41	PD	Pagerduty	Pair Corr
0.38	VBIX	Viewbix Common Stock	Pair Corr
0.37	ZM	Zoom Video Communications	Pair Corr
0.37	DUOL	Duolingo	Pair Corr
0.77	EPWK	EPWK Holdings	Pair Corr
0.75	FRGT	Freight Technologies	Pair Corr
0.7	WETO	Webus International Tech Boost	Pair Corr
0.57	FICO	Fair Isaac	Pair Corr
0.52	DSP	Viant Technology	Pair Corr
0.46	WDAY	Workday	Pair Corr
0.45	EXFY	Expensify	Pair Corr
0.33	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	UVE	ROOT	GEOUF	KNOP	KFS	AINSF	AEG	L
UVE		0.12	0.69	-0.12	0.55	0.36	0.73	0.52	UVE
ROOT	0.12		-0.33	-0.28	-0.37	0.09	-0.22	-0.36	ROOT
GEOUF	0.69	-0.33		0.33	0.87	0.24	0.86	0.72	GEOUF
KNOP	-0.12	-0.28	0.33		0.48	0.4	0.39	0.58	KNOP
KFS	0.55	-0.37	0.87	0.48		0.23	0.9	0.84	KFS
AINSF	0.36	0.09	0.24	0.4	0.23		0.43	0.38	AINSF
AEG	0.73	-0.22	0.86	0.39	0.9	0.43		0.88	AEG
L	0.52	-0.36	0.72	0.58	0.84	0.38	0.88		L
	UVE	ROOT	GEOUF	KNOP	KFS	AINSF	AEG	L

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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

AEG	+ 0.9	KFS
L	+ 0.88	AEG
KFS	+ 0.87	GEOUF
AEG	+ 0.86	GEOUF
L	+ 0.84	KFS
AEG	+ 0.73	UVE

High negative correlations

KFS	- 0.37	ROOT
L	- 0.36	ROOT
GEOUF	- 0.33	ROOT
KNOP	- 0.28	ROOT
AEG	- 0.22	ROOT
KNOP	- 0.12	UVE

Risk-Adjusted Indicators

There is a big difference between ACCESS Stock performing well and ACCESS Newswire 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 ACCESS Newswire'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
UVE	1.43	0.09	0.03	0.26	1.46	(1.70)	3.11	(2.22)	10.44
ROOT	3.11	(0.18)	0.00	0.06	4.26	(3.01)	7.39	(7.50)	22.72
GEOUF	0.19	0.09	0.00	(2.18)	0.00	0.00	0.00	0.00	6.25
KNOP	1.55	0.18	0.05	0.83	1.65	(1.82)	4.08	(2.78)	9.62
KFS	2.32	0.82	0.34	1.05	1.65	(2.69)	7.98	(3.21)	18.34
AINSF	2.06	0.32	0.05	2.18	2.15	(5.60)	6.90	(5.08)	29.17
AEG	1.00	0.17	0.11	0.35	0.91	(1.13)	2.11	(2.05)	5.61
L	0.80	0.00	(0.03)	0.14	0.96	(0.78)	1.65	(1.57)	4.82

ACCESS Newswire Corporate Executives

Elected by the shareholders, the ACCESS Newswire's board of directors comprises two types of representatives: ACCESS Newswire inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ACCESS. The board's role is to monitor ACCESS Newswire's management team and ensure that shareholders' interests are well served. ACCESS Newswire's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ACCESS Newswire's outside directors are responsible for providing unbiased perspectives on the board's policies.

Steven Knerr

Controller CFO

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