ACI Worldwide Correlations

ACIW Stock

USD 51.01 1.37 2.62%

The current 90-days correlation between ACI Worldwide and Evertec is 0.31 (i.e., Weak diversification). The correlation of ACI Worldwide 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.

ACI Worldwide Correlation With Market

Poor diversification

The correlation between ACI Worldwide and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACI Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ACI Stock

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

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

Moving together with ACI Stock

0.82	ZM	Zoom Video Communications	Pair Corr
0.84	DAY	Dayforce Sell-off Trend	Pair Corr
0.73	HTCR	HeartCore Enterprises	Pair Corr
0.65	PAYTM	One 97 Communications	Pair Corr
0.78	PHX	Pharmx Technologies	Pair Corr
0.93	VR1	Vection Technologies	Pair Corr

Moving against ACI Stock

0.83	TTD	Trade Desk Aggressive Push	Pair Corr
0.56	JG	Aurora Mobile	Pair Corr
0.55	EXFY	Expensify	Pair Corr
0.54	MRT	Marti Technologies	Pair Corr
0.48	CRM	Salesforce	Pair Corr
0.82	INTU	Intuit Inc	Pair Corr
0.81	NVQ	Noviqtech	Pair Corr
0.77	MSTR	MicroStrategy Incorporated	Pair Corr
0.73	INUV	Inuvo Inc	Pair Corr
0.69	TNE	Technology One	Pair Corr
0.66	MNDY	MondayCom	Pair Corr
0.53	CRM	SalesforceCom CDR	Pair Corr
0.42	RDY	Readytech Holdings	Pair Corr
0.38	THNC	Thinkific Labs	Pair Corr
0.35	MGIC	Magic Software Enter	Pair Corr
0.89	WTC	Wisetech Global	Pair Corr
0.73	DAVEW	Dave Warrants	Pair Corr
0.67	PAYC	Paycom Soft	Pair Corr
0.55	NICE	Nice Ltd ADR	Pair Corr
0.5	DSG	Descartes Systems	Pair Corr
0.38	NUCLEUS	Nucleus Software Exports	Pair Corr

Related Correlations Analysis

	EVTC	NTCT	AVDX	BLKB	AGYS	AAON	CVLT	ABCB
EVTC		-0.4	-0.12	-0.09	-0.11	-0.36	0.21	-0.15	EVTC
NTCT	-0.4		0.87	0.2	-0.62	0.71	0.3	0.9	NTCT
AVDX	-0.12	0.87		0.17	-0.75	0.71	0.48	0.92	AVDX
BLKB	-0.09	0.2	0.17		0.03	-0.17	0.25	0.3	BLKB
AGYS	-0.11	-0.62	-0.75	0.03		-0.46	-0.41	-0.68	AGYS
AAON	-0.36	0.71	0.71	-0.17	-0.46		0.31	0.65	AAON
CVLT	0.21	0.3	0.48	0.25	-0.41	0.31		0.51	CVLT
ABCB	-0.15	0.9	0.92	0.3	-0.68	0.65	0.51		ABCB
	EVTC	NTCT	AVDX	BLKB	AGYS	AAON	CVLT	ABCB

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

ABCB	+ 0.92	AVDX
ABCB	+ 0.9	NTCT
AVDX	+ 0.87	NTCT
AAON	+ 0.71	NTCT
AAON	+ 0.71	AVDX
ABCB	+ 0.65	AAON

High negative correlations

AGYS	- 0.75	AVDX
ABCB	- 0.68	AGYS
AGYS	- 0.62	NTCT
AAON	- 0.46	AGYS
CVLT	- 0.41	AGYS
NTCT	- 0.4	EVTC

Risk-Adjusted Indicators

There is a big difference between ACI Stock performing well and ACI Worldwide 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 ACI Worldwide'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
EVTC	1.31	(0.25)	0.00	(0.15)	0.00	0.00	2.59	(2.58)	14.21
NTCT	1.31	0.07	0.06	0.10	1.54	(1.40)	3.24	(3.03)	7.12
AVDX	0.08	0.00	(0.40)	0.16	0.00	(0.13)	0.20	(0.10)	0.61
BLKB	1.45	(0.15)	0.00	(0.05)	0.00	0.00	2.32	(3.17)	16.87
AGYS	1.70	(0.12)	0.00	(0.04)	0.00	0.00	3.36	(4.28)	11.56
AAON	2.86	0.35	0.13	0.19	2.90	(3.33)	7.50	(4.22)	20.95
CVLT	2.12	(0.04)	0.00	0.03	2.37	(2.39)	3.77	(4.23)	23.79
ABCB	1.05	0.07	0.08	0.10	1.00	(1.34)	3.04	(1.84)	8.91

ACI Worldwide Corporate Management

Dennis Byrnes	Chief Admin. Officer, Executive VP, General Counsel and Secretary	Profile
Karen Hobbs	Interim Officer	Profile
Abraham Kuruvilla	Executive Officer	Profile
Robert Leibrock	Chief Officer	Profile
Abe Kuruvilla	Executive Officer	Profile
Debbie Guerra	Executive Officer	Profile
Craig Ramsey	Product Payments	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC