Aspen Technology Correlations

Summary

AZPNDelisted Stock

USD 264.33 0.00 0.00%

The current 90-days correlation between Aspen Technology and Bentley Systems is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aspen Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aspen Technology Correlation With Market

Average diversification

The correlation between Aspen Technology and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aspen Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Aspen Stock

0.93	KC	Kingsoft Cloud Holdings	Pair Corr
0.72	DOMO	Domo Inc	Pair Corr
0.7	MNDY	MondayCom	Pair Corr
0.86	MTTR	Matterport	Pair Corr

Moving against Aspen Stock

0.87	WK	Workiva	Pair Corr
0.83	DJCO	Daily Journal Corp	Pair Corr
0.82	VERB	Verb Technology Tech Boost	Pair Corr
0.7	BL	Blackline	Pair Corr
0.69	AI	C3 Ai Inc	Pair Corr
0.68	VERX	Vertex	Pair Corr
0.67	DOCU	DocuSign	Pair Corr
0.64	MITK	Mitek Systems	Pair Corr
0.63	MLNK	Meridianlink	Pair Corr
0.6	EB	Eventbrite Class A	Pair Corr
0.47	DSGX	Descartes Systems	Pair Corr
0.35	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.84	WBTN	WEBTOON Entertainment	Pair Corr
0.78	NATL	NCR Atleos	Pair Corr
0.69	EGAN	eGain	Pair Corr
0.67	WFCF	Where Food Comes	Pair Corr
0.63	MSTR	MicroStrategy Incorporated Aggressive Push	Pair Corr
0.63	NCNO	nCino Inc	Pair Corr
0.61	MRIN	Marin Software	Pair Corr
0.59	MYSZ	My Size	Pair Corr
0.59	ELWS	Earlyworks Co,	Pair Corr
0.57	VMEO	Vimeo Inc	Pair Corr
0.5	NICE	Nice Ltd ADR Tech Boost	Pair Corr
0.44	WALD	Waldencast Acquisition	Pair Corr
0.36	MTLS	Materialise NV	Pair Corr
0.36	VTEX	VTEX	Pair Corr

Related Correlations Analysis

	BSY	TYL	BLKB	SSNC	CVLT	ENV	MANH	AGYS	BL	DV
BSY		0.41	0.8	-0.33	0.26	0.0	0.68	0.65	0.72	0.82	BSY
TYL	0.41		0.2	0.6	0.76	0.0	-0.21	-0.26	0.03	0.56	TYL
BLKB	0.8	0.2		-0.4	0.12	0.0	0.65	0.56	0.86	0.7	BLKB
SSNC	-0.33	0.6	-0.4		0.68	0.0	-0.81	-0.82	-0.61	0.06	SSNC
CVLT	0.26	0.76	0.12	0.68		0.0	-0.34	-0.32	-0.13	0.5	CVLT
ENV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ENV
MANH	0.68	-0.21	0.65	-0.81	-0.34	0.0		0.89	0.72	0.3	MANH
AGYS	0.65	-0.26	0.56	-0.82	-0.32	0.0	0.89		0.62	0.25	AGYS
BL	0.72	0.03	0.86	-0.61	-0.13	0.0	0.72	0.62		0.51	BL
DV	0.82	0.56	0.7	0.06	0.5	0.0	0.3	0.25	0.51		DV
	BSY	TYL	BLKB	SSNC	CVLT	ENV	MANH	AGYS	BL	DV

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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

AGYS	+ 0.89	MANH
BL	+ 0.86	BLKB
DV	+ 0.82	BSY
BLKB	+ 0.8	BSY
CVLT	+ 0.76	TYL
BL	+ 0.72	BSY

High negative correlations

AGYS	- 0.82	SSNC
MANH	- 0.81	SSNC
BL	- 0.61	SSNC
SSNC	- 0.4	BLKB
MANH	- 0.34	CVLT
SSNC	- 0.33	BSY

Risk-Adjusted Indicators

There is a big difference between Aspen Stock performing well and Aspen Technology 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 Aspen Technology's 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
BSY	1.28	(0.11)	0.00	(0.20)	0.00	0.00	2.48	(2.30)	7.15
TYL	1.28	(0.05)	0.00	(0.12)	0.00	0.00	2.07	(2.76)	9.09
BLKB	1.34	(0.28)	0.00	(0.60)	0.00	0.00	2.18	(3.36)	14.16
SSNC	0.97	0.16	0.14	0.15	1.13	(1.02)	2.09	(2.19)	9.48
CVLT	2.00	0.07	0.00	(0.02)	0.00	0.00	4.24	(4.75)	15.27
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MANH	2.04	(0.70)	0.00	(0.71)	0.00	0.00	2.38	(3.98)	27.65
AGYS	2.60	(0.77)	0.00	(0.98)	0.00	0.00	3.48	(5.60)	24.77
BL	1.59	(0.27)	0.00	(0.37)	0.00	0.00	2.60	(3.10)	23.23
DV	2.13	(0.42)	0.00	1.28	0.00	0.00	3.85	(3.21)	40.25

View Aspen Technology Related Equities

Bentley Systems Tyler Technologies Blackbaud SSC Technologies Holdings CommVault Systems Envestnet Manhattan Associates Agilysys Blackline DoubleVerify Holdings ANSYS Inc Ceridian HCM Holding Paycor HCM Model N Paycom Soft

Risk & Return

Correlation

Aspen Technology Corporate Management

Sharon Vinci	Chief Officer	Profile
Christopher Cooper	Interim Officer	Profile
Willie Chan	Chief Officer	Profile
Satish Shetty	Chief Officer	Profile
Sophia Xu	Chief Officer	Profile
Filipe SoaresPinto	Senior Sales	Profile
Lawrence Schwartz	VP Officer	Profile

Still Interested in Aspen Technology?

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