Verint Systems Correlations

VRNT Stock

USD 20.28 0.01 0.05%

The current 90-days correlation between Verint Systems and CSG Systems International is 0.46 (i.e., Very weak diversification). The correlation of Verint Systems 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.

Verint Systems Correlation With Market

Very weak diversification

The correlation between Verint Systems and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verint Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Verint Stock

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

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

Moving together with Verint Stock

0.65	DT	Dynatrace Holdings LLC	Pair Corr
0.64	VEEA	Veea Inc	Pair Corr
0.61	VERX	Vertex	Pair Corr

Moving against Verint Stock

0.51	ZD	Ziff Davis	Pair Corr
0.43	WK	Workiva	Pair Corr
0.36	MEGASOFT	Megasoft Limited	Pair Corr
0.35	U	Unity Software	Pair Corr
0.4	TRB	Tribal Group plc	Pair Corr
0.37	300036	Beijing SuperMap Software	Pair Corr
0.34	AUTO	Carbeeza	Pair Corr

Related Correlations Analysis

	CSGS	EVTC	CGNT	VRNS	RDWR	NICE	PRGS	CVLT	BLKB
CSGS		-0.25	-0.55	0.47	-0.03	-0.27	-0.61	0.47	0.34	CSGS
EVTC	-0.25		0.21	-0.06	-0.6	-0.17	-0.12	0.28	-0.03	EVTC
CGNT	-0.55	0.21		-0.64	0.26	0.6	0.61	-0.33	0.06	CGNT
VRNS	0.47	-0.06	-0.64		-0.39	-0.62	-0.41	0.42	0.02	VRNS
RDWR	-0.03	-0.6	0.26	-0.39		0.61	0.49	-0.4	-0.09	RDWR
NICE	-0.27	-0.17	0.6	-0.62	0.61		0.41	-0.12	0.14	NICE
PRGS	-0.61	-0.12	0.61	-0.41	0.49	0.41		-0.6	-0.26	PRGS
CVLT	0.47	0.28	-0.33	0.42	-0.4	-0.12	-0.6		0.28	CVLT
BLKB	0.34	-0.03	0.06	0.02	-0.09	0.14	-0.26	0.28		BLKB
	CSGS	EVTC	CGNT	VRNS	RDWR	NICE	PRGS	CVLT	BLKB

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

PRGS	+ 0.61	CGNT
NICE	+ 0.61	RDWR
NICE	+ 0.6	CGNT
PRGS	+ 0.49	RDWR
VRNS	+ 0.47	CSGS
CVLT	+ 0.47	CSGS

High negative correlations

VRNS	- 0.64	CGNT
NICE	- 0.62	VRNS
PRGS	- 0.61	CSGS
CVLT	- 0.6	PRGS
RDWR	- 0.6	EVTC
CGNT	- 0.55	CSGS

Risk-Adjusted Indicators

There is a big difference between Verint Stock performing well and Verint Systems 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 Verint Systems' 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
CSGS	1.07	(0.01)	0.00	0.04	1.42	(0.99)	2.26	(2.57)	6.64
EVTC	1.29	(0.21)	0.00	(0.15)	0.00	0.00	2.59	(2.53)	14.21
CGNT	1.75	(0.17)	0.00	(0.09)	0.00	0.00	2.98	(2.68)	17.10
VRNS	1.60	0.30	0.18	0.32	1.54	(1.91)	3.20	(2.75)	9.00
RDWR	1.53	(0.19)	0.00	(0.09)	0.00	0.00	2.37	(3.42)	7.91
NICE	1.81	(0.29)	0.00	(0.15)	0.00	0.00	3.61	(3.55)	18.50
PRGS	1.70	(0.17)	0.00	(0.04)	0.00	0.00	3.67	(3.43)	8.24
CVLT	2.14	0.06	0.04	0.09	2.24	(2.42)	3.77	(4.23)	23.79
BLKB	1.40	(0.04)	(0.02)	0.01	2.10	(1.24)	2.32	(2.64)	16.87

Verint Systems Corporate Management

Celia Fleischaker	Chief Officer	Profile
Peter Fante	Chief Legal Officer, Chief Compliance Officer and Corporate Officer	Profile
Nick Nonini	Managing EMEA	Profile
Jaime Meritt	Chief Officer	Profile

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