Cognyte Software Correlations

CGNT
 Stock
  

USD 3.13  0.06  1.88%   

The correlation of Cognyte 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 Cognyte Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognyte 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.
Continue to Trending Equities.
  
The ability to find closely correlated positions to Cognyte 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 Cognyte 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 Cognyte 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 Cognyte Software to buy it.

Moving together with Cognyte Software

+0.67AAPLApple IncPairCorr
+0.67MSFTMicrosoft CorpPairCorr
+0.71GOOGAlphabet Cl CPairCorr
+0.73AMZNAmazon IncPairCorr
+0.81CIACitizensPairCorr
+0.75RDCPFRedishred Capital CorpPairCorr
+0.72KUTREDISHRED CAPITAL CORPPairCorr

Moving against Cognyte Software

-0.86AGCBAltimeter Growth CorpPairCorr
-0.71XOMExxon Mobil CorpPairCorr
-0.87PBFPBF EnergyPairCorr
-0.84SGMLSigma Lithium Corp Sell-off TrendPairCorr
-0.81MCDIFMcDermott InternationalPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CNQXOM
MSFTGOOG
GOOGAMZN
MSFTAAPL
XOMBRK-A
CNQBRK-A
  
High negative correlations   
AMZNXOM
CNQAMZN
AMZNBRK-A
GOOGXOM
AMZNBMYMP
GOOGBMYMP

Cognyte Software Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Cognyte Stock performing well and Cognyte 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 Cognyte 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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AAPL 1.91 (0.25)  0.00 (0.11)  0.00 (0.09)  0.00  3.36 (3.77)  11.79 
2881 1.02  0.03  0.00  0.11  1.34  0.0012 (1.03)  2.33 (2.00)  6.71 
BMYMP 1.73  0.17  0.02  0.36  3.22  0.0301 (3.27)  10.00 (4.37)  41.47 
BRK-A 1.27  0.06  0.04  0.12  1.30  0.0376 (1.49)  3.19 (2.47)  6.26 
XOM 1.62  0.18  0.08  0.26  1.82  0.08 (1.72)  3.65 (2.91)  9.75 
AMZN 2.23 (0.60)  0.00 (0.34)  0.00 (0.18)  0.00  4.31 (5.00)  14.52 
GOOG 1.93 (0.31)  0.00 (0.16)  0.00 (0.11)  0.00  3.70 (4.39)  13.34 
UNH 1.17 (0.03) (0.03)  0.01  1.63 (0.0363) (1.06)  2.07 (2.42)  6.64 
MSFT 1.76 (0.23)  0.00 (0.10)  0.00 (0.08)  0.00  3.76 (3.86)  11.64 
CNQ 1.92  0.06  0.03  0.12  2.29  0.0266 (2.11)  4.02 (3.19)  11.52 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cognyte 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.

Did you try this?

Run Bond Directory Now

   

Bond Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

Cognyte Software Corporate Directors

Cognyte Software corporate directors refer to members of a Cognyte Software board of directors. The board of directors generally takes responsibility for the Cognyte 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 Cognyte Software's board members must vote for the resolution. The Cognyte Software board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Invested in Cognyte Software?

The danger of trading Cognyte 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 Cognyte 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 Cognyte Software. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cognyte 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.
Continue to Trending Equities. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for analysis

When running Cognyte Software price analysis, check to measure Cognyte 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 Cognyte Software is operating at the current time. Most of Cognyte Software's value examination focuses on studying past and present price action to predict the probability of Cognyte Software's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cognyte Software's price. Additionally, you may evaluate how the addition of Cognyte Software to your portfolios can decrease your overall portfolio volatility.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Is Cognyte 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 Cognyte Software. If investors know Cognyte 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 Cognyte Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.75) 
Market Capitalization
212.4 M
Quarterly Revenue Growth YOY
(0.30) 
Return On Assets
(0.06) 
Return On Equity
(0.24) 
The market value of Cognyte Software is measured differently than its book value, which is the value of Cognyte that is recorded on the company's balance sheet. Investors also form their own opinion of Cognyte Software's value that differs from its market value or its book value, called intrinsic value, which is Cognyte 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 Cognyte Software's market value can be influenced by many factors that don't directly affect Cognyte 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 Cognyte Software's value and its price as these two are different measures arrived at by different means. Investors typically determine Cognyte Software value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cognyte 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.