Guidewire Software Correlations

GWRE Stock

USD 243.81 4.43 1.85%

The current 90-days correlation between Guidewire Software and Descartes Systems Group is 0.21 (i.e., Modest diversification). The correlation of Guidewire Software 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.

Guidewire Software Correlation With Market

Good diversification

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

Build AI portfolio with Guidewire Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guidewire Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

Moving together with Guidewire Stock

0.63	U	Unity Software	Pair Corr
0.71	ZM	Zoom Video Communications	Pair Corr
0.64	MEGASOFT	Megasoft Limited	Pair Corr
0.63	TRB	Tribal Group plc	Pair Corr
0.67	VMEO	Vimeo Inc	Pair Corr

Moving against Guidewire Stock

0.54	DV	DoubleVerify Holdings	Pair Corr
0.41	MQ	Marqeta	Pair Corr
0.66	688078	Beijing LongRuan Tec	Pair Corr
0.32	TREJHARA	TREJHARA SOLUTIONS Earnings Call This Week	Pair Corr
0.68	NOW	NowVertical Group	Pair Corr
0.38	IOM	iomart Group plc	Pair Corr
0.34	MSFT	Microsoft Corp CDR	Pair Corr

Related Correlations Analysis

	DSGX	MANH	TYL	QTWO	PCTY
DSGX		0.53	0.61	0.77	0.71	DSGX
MANH	0.53		0.5	0.45	0.54	MANH
TYL	0.61	0.5		0.51	0.83	TYL
QTWO	0.77	0.45	0.51		0.79	QTWO
PCTY	0.71	0.54	0.83	0.79		PCTY
	DSGX	MANH	TYL	QTWO	PCTY

Risk-Adjusted Indicators

There is a big difference between Guidewire Stock performing well and Guidewire Software 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 Guidewire Software'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
DSGX	1.26	(0.16)	0.00	(0.07)	0.00	0.00	2.34	(2.57)	9.63
MANH	1.57	(0.08)	(0.02)	0.02	1.59	(1.90)	3.50	(2.59)	10.99
TYL	1.19	(0.17)	0.00	(0.33)	0.00	0.00	2.90	(2.15)	9.67
QTWO	1.79	(0.70)	0.00	(0.28)	0.00	0.00	2.40	(5.75)	13.83
PCTY	1.26	(0.35)	0.00	(0.24)	0.00	0.00	2.41	(2.67)	7.48

Guidewire Software Corporate Management

Michael Polelle	Chief Delivery Officer	Profile
Michael Keller	Independent Director	Profile
Michael Mahoney	Head Services	Profile
Garo Toomajanian	IR Contact Officer	Profile
Brian Desmond	Chief Officer	Profile

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