SSC Technologies Correlations

SSNC Stock

USD 83.47 0.26 0.31%

The current 90-days correlation between SSC Technologies Holdings and Manhattan Associates is 0.51 (i.e., Very weak diversification). The correlation of SSC Technologies 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.

SSC Technologies Correlation With Market

Very weak diversification

The correlation between SSC Technologies Holdings and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSC Technologies Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSC Technologies Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with SSC Stock

0.62

Versus Systems

Pair Corr

Moving against SSC Stock

0.51	WK	Workiva	Pair Corr
0.47	VERX	Vertex	Pair Corr
0.41	DOCU	DocuSign	Pair Corr
0.38	ZM	Zoom Video Communications	Pair Corr
0.72	EPWK	EPWK Holdings	Pair Corr
0.65	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.62	WETO	Webus International	Pair Corr
0.52	FICO	Fair Isaac Earnings Call This Week	Pair Corr
0.47	EXFY	Expensify	Pair Corr
0.44	WDAY	Workday	Pair Corr
0.42	WALDW	Waldencast Acquisition	Pair Corr
0.33	DSGX	Descartes Systems	Pair Corr
0.33	DUOL	Duolingo	Pair Corr
0.6	FRGT	Freight Technologies	Pair Corr
0.58	HKD	AMTD Digital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MANH	BSY	DSGX	ANSS	GWRE	EEFT	TYL	CDW
MANH		0.84	0.0	0.86	0.62	0.54	0.48	0.83	MANH
BSY	0.84		-0.28	0.88	0.49	0.12	0.41	0.54	BSY
DSGX	0.0	-0.28		-0.02	-0.41	0.4	-0.15	0.42	DSGX
ANSS	0.86	0.88	-0.02		0.42	0.3	0.33	0.66	ANSS
GWRE	0.62	0.49	-0.41	0.42		0.51	0.63	0.42	GWRE
EEFT	0.54	0.12	0.4	0.3	0.51		0.46	0.76	EEFT
TYL	0.48	0.41	-0.15	0.33	0.63	0.46		0.5	TYL
CDW	0.83	0.54	0.42	0.66	0.42	0.76	0.5		CDW
	MANH	BSY	DSGX	ANSS	GWRE	EEFT	TYL	CDW

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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

ANSS	+ 0.88	BSY
ANSS	+ 0.86	MANH
BSY	+ 0.84	MANH
CDW	+ 0.83	MANH
CDW	+ 0.76	EEFT
CDW	+ 0.66	ANSS

High negative correlations

GWRE	- 0.41	DSGX
DSGX	- 0.28	BSY
TYL	- 0.15	DSGX
ANSS	- 0.02	DSGX
DSGX	- 0.0	MANH

Risk-Adjusted Indicators

There is a big difference between SSC Stock performing well and SSC Technologies 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 SSC Technologies' 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
MANH	1.25	0.15	0.15	0.29	0.94	(1.45)	3.13	(1.87)	8.58
BSY	0.89	0.33	0.23	0.65	0.53	(1.02)	2.35	(1.05)	9.57
DSGX	1.30	(0.15)	(0.05)	0.03	2.59	(1.23)	2.64	(2.16)	17.43
ANSS	1.05	0.37	0.10	(3.60)	1.33	(1.16)	2.82	(1.59)	8.76
GWRE	1.22	0.15	0.05	0.44	1.26	(1.32)	2.70	(2.21)	20.07
EEFT	1.36	(0.09)	(0.01)	0.11	1.88	(1.36)	2.84	(3.92)	8.16
TYL	1.12	(0.11)	0.00	(0.02)	0.00	0.00	1.93	(2.13)	8.31
CDW	1.37	0.08	0.10	0.23	1.14	(1.65)	2.72	(2.48)	10.41

SSC Technologies Corporate Management

Michael Hutner	Senior Eze	Profile
Justine Stone	IR Contact Officer	Profile
Anthony Rossi	Managing Eze	Profile
Darpan Bhargava	Senior Resources	Profile

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