SSC Technologies Correlations
SSNC Stock | USD 82.29 2.40 2.83% |
The current 90-days correlation between SSC Technologies Holdings and Manhattan Associates is 0.44 (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
Poor diversification
The correlation between SSC Technologies Holdings and DJI is 0.62 (i.e., Poor 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.
Moving together with SSC Stock
0.79 | U | Unity Software | PairCorr |
0.72 | PD | Pagerduty | PairCorr |
0.8 | ZD | Ziff Davis | PairCorr |
0.63 | ZM | Zoom Video Communications | PairCorr |
0.73 | MEGASOFT | Megasoft Limited | PairCorr |
0.63 | 300036 | Beijing SuperMap Software | PairCorr |
0.69 | 300895 | Beijing Topnew Info | PairCorr |
0.8 | TRB | Tribal Group plc | PairCorr |
Moving against SSC Stock
0.86 | VS | Versus Systems | PairCorr |
0.72 | QH | Quhuo | PairCorr |
0.57 | DT | Dynatrace Holdings LLC | PairCorr |
0.53 | JG | Aurora Mobile | PairCorr |
0.86 | VEEA | Veea Inc | PairCorr |
0.81 | VERX | Vertex | PairCorr |
0.73 | DMRC | Digimarc | PairCorr |
0.6 | TREJHARA | TREJHARA SOLUTIONS | PairCorr |
0.37 | GENESYS | Genesys International | PairCorr |
0.8 | VTEX | VTEX | PairCorr |
0.79 | IOM | iomart Group plc | PairCorr |
0.62 | KELLTONTEC | Kellton Tech Solutions Split | PairCorr |
0.61 | NOW | NowVertical Group | PairCorr |
0.41 | VRNT | Verint Systems | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 1.58 | (0.04) | (0.02) | 0.00 | 1.66 | 3.50 | 10.99 | |||
BSY | 1.21 | (0.22) | 0.00 | (0.21) | 0.00 | 2.32 | 14.36 | |||
DSGX | 1.28 | (0.15) | 0.00 | (0.11) | 0.00 | 2.08 | 9.63 | |||
ANSS | 1.05 | 0.36 | 0.19 | (2.04) | 1.33 | 2.82 | 8.76 | |||
GWRE | 1.26 | 0.12 | 0.07 | (1.28) | 1.35 | 1.71 | 22.70 | |||
EEFT | 1.20 | (0.42) | 0.00 | (0.19) | 0.00 | 2.47 | 7.01 | |||
TYL | 1.24 | (0.16) | 0.00 | (0.30) | 0.00 | 2.90 | 9.67 | |||
CDW | 1.38 | (0.34) | 0.00 | (0.22) | 0.00 | 2.09 | 7.98 |
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 |