Amer Software Correlations

AMSWA
 Stock
  

USD 16.16  0.51  3.26%   

The correlation of Amer Software is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amer Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amer Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Amer Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amer Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amer Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amer Software to buy it.

Moving together with Amer Software

+0.92CRMSalesforcePairCorr
+0.8INTUIntuit IncPairCorr
+0.84SAPSAP Ag ADRPairCorr
+0.84SAPGFSAP Ag SystemePairCorr
+0.79NOWServicenowPairCorr
+0.76CDNSCadence Design SysPairCorr
+0.91DASTYDassault Systeme APairCorr
+0.84SIRISirius XM HoldingsPairCorr
+0.79LUMNCenturylinkPairCorr
+0.76SOFISofi TechnologiesPairCorr
+0.67VRMVroom IncPairCorr

Related Correlations

TTDKY
TTDKF
NTDOF
NETTF
NTDOY
GLW
TTDKY
0.82-0.23-0.09-0.290.47
TTDKY
TTDKF
0.82-0.57-0.32-0.610.09
TTDKF
NTDOF
-0.23-0.570.450.960.45
NTDOF
NETTF
-0.09-0.320.450.480.68
NETTF
NTDOY
-0.29-0.610.960.480.42
NTDOY
GLW
0.470.090.450.680.42
GLW
TTDKY
TTDKF
NTDOF
NETTF
NTDOY
GLW
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
NTDOYNTDOF
TTDKFTTDKY
GLWNETTF
NTDOYNETTF
GLWTTDKY
NETTFNTDOF
  
High negative correlations   
NTDOYTTDKF
NTDOFTTDKF
NETTFTTDKF
NTDOYTTDKY
NTDOFTTDKY
NETTFTTDKY

Amer Software Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between AMSWA Stock performing well and Amer Software company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Amer Software's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amer Software without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Amer Software Corporate Directors

Amer Software corporate directors refer to members of an Amer Software board of directors. The board of directors generally takes responsibility for the Amer Software's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Amer Software's board members must vote for the resolution. The Amer Software board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
James Miller - Independent DirectorProfile
Thomas Newberry - DirectorProfile
William Hogue - Independent DirectorProfile
Matthew McKenna - DirectorProfile

Invested in Amer Software?

The danger of trading Amer Software is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Amer Software is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Amer Software. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Amer Software is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for analysis

When running Amer Software price analysis, check to measure Amer Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amer Software is operating at the current time. Most of Amer Software's value examination focuses on studying past and present price action to predict the probability of Amer Software's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Amer Software's price. Additionally, you may evaluate how the addition of Amer Software to your portfolios can decrease your overall portfolio volatility.
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Is Amer Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amer Software. If investors know AMSWA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amer Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Amer Software is measured differently than its book value, which is the value of AMSWA that is recorded on the company's balance sheet. Investors also form their own opinion of Amer Software's value that differs from its market value or its book value, called intrinsic value, which is Amer Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amer Software's market value can be influenced by many factors that don't directly affect Amer Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amer Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Amer Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amer Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.