Jack Henry Correlations

JKHY Stock

USD 178.64 0.45 0.25%

The current 90-days correlation between Jack Henry Associates and Gartner is 0.43 (i.e., Very weak diversification). The correlation of Jack Henry 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.

Jack Henry Correlation With Market

Very weak diversification

The correlation between Jack Henry Associates and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jack Henry Associates and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jack Stock

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

Moving together with Jack Stock

0.84	KD	Kyndryl Holdings	Pair Corr
0.73	VEEA	Veea Inc Symbol Change	Pair Corr
0.76	VRRM	Verra Mobility Corp	Pair Corr
0.84	EPAM	EPAM Systems	Pair Corr
0.61	ACN	Accenture plc Sell-off Trend	Pair Corr
0.7	GMM	Global Mofy Metaverse	Pair Corr
0.65	IBM	International Business Earnings Call This Week	Pair Corr
0.64	VYX	NCR Voyix	Pair Corr
0.81	IBEX	IBEX	Pair Corr
0.72	INFY	Infosys Ltd ADR	Pair Corr
0.83	NABL	N Able Inc	Pair Corr

Moving against Jack Stock

0.73	JZ	Jianzhi Education	Pair Corr
0.7	FI	Fiserv, Earnings Call This Week	Pair Corr
0.68	MFH	Mercurity Fintech Holding Upward Rally	Pair Corr
0.4	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.55	SLNHP	Soluna Holdings Preferred	Pair Corr
0.49	AUROW	Aurora Innovation	Pair Corr
0.39	JDZG	JIADE LIMITED Common Tech Boost	Pair Corr
0.34	GLOB	Globant SA	Pair Corr
0.31	HCKT	Hackett Group	Pair Corr

Related Correlations Analysis

	IT	BR	FI	FIS	G	ROL	ANSS	IEX	MKTX
IT		0.1	-0.05	-0.11	-0.09	0.44	-0.38	0.33	0.12	IT
BR	0.1		-0.57	0.51	-0.52	0.46	0.33	0.34	-0.02	BR
FI	-0.05	-0.57		-0.67	0.59	-0.57	-0.67	-0.63	0.22	FI
FIS	-0.11	0.51	-0.67		-0.47	0.39	0.55	0.48	-0.11	FIS
G	-0.09	-0.52	0.59	-0.47		-0.4	-0.38	-0.4	0.13	G
ROL	0.44	0.46	-0.57	0.39	-0.4		0.05	0.36	0.26	ROL
ANSS	-0.38	0.33	-0.67	0.55	-0.38	0.05		0.66	-0.4	ANSS
IEX	0.33	0.34	-0.63	0.48	-0.4	0.36	0.66		-0.29	IEX
MKTX	0.12	-0.02	0.22	-0.11	0.13	0.26	-0.4	-0.29		MKTX
	IT	BR	FI	FIS	G	ROL	ANSS	IEX	MKTX

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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

IEX	+ 0.66	ANSS
G	+ 0.59	FI
ANSS	+ 0.55	FIS
FIS	+ 0.51	BR
IEX	+ 0.48	FIS
ROL	+ 0.46	BR

High negative correlations

ANSS	- 0.67	FI
FIS	- 0.67	FI
IEX	- 0.63	FI
ROL	- 0.57	FI
FI	- 0.57	BR
G	- 0.52	BR

Risk-Adjusted Indicators

There is a big difference between Jack Stock performing well and Jack Henry 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 Jack Henry'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
IT	1.01	(0.33)	0.00	(0.22)	0.00	0.00	1.88	(2.29)	6.93
BR	0.84	0.08	(0.06)	(0.14)	1.45	(0.81)	1.73	(1.51)	8.97
FI	1.67	(0.37)	0.00	(0.83)	0.00	0.00	3.29	(2.46)	21.81
FIS	1.19	0.12	0.04	0.34	1.22	(1.32)	2.41	(1.96)	11.76
G	1.33	(0.16)	0.00	(0.08)	0.00	0.00	2.55	(2.12)	17.95
ROL	0.82	(0.05)	(0.12)	0.01	1.01	(0.83)	1.44	(1.77)	4.96
ANSS	1.05	0.40	0.13	(1.07)	1.33	(1.16)	2.82	(1.59)	8.76
IEX	1.16	(0.04)	0.00	0.10	1.15	(1.51)	3.54	(2.13)	8.03
MKTX	1.08	(0.07)	0.00	0.53	0.00	0.00	1.88	(2.28)	7.77

Jack Henry Corporate Management

Shanon McLachlan	Executive VP	Profile
Dennis McDonald	VP Officer	Profile
Holly Novak	VP Officer	Profile
Stacey Zengel	Senior Solutions	Profile
Mimi Carsley	CFO Treasurer	Profile
Craig Morgan	General Counsel, Secretary	Profile

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