Fair Isaac Correlations

FICO Stock

USD 1,873 59.38 3.27%

The current 90-days correlation between Fair Isaac and Tyler Technologies is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fair Isaac moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fair Isaac moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fair Isaac Correlation With Market

Very weak diversification

The correlation between Fair Isaac and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fair Isaac. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Fair Stock, please use our How to Invest in Fair Isaac guide.

Moving together with Fair Stock

0.86	DJCO	Daily Journal Corp	Pair Corr
0.72	AI	C3 Ai Inc	Pair Corr
0.63	BL	Blackline	Pair Corr
0.75	WK	Workiva	Pair Corr
0.63	DOCU	DocuSign	Pair Corr
0.78	VERB	VERB TECHNOLOGY PANY Downward Rally	Pair Corr
0.64	VMEO	Vimeo Inc	Pair Corr
0.72	VTSI	VirTra Inc	Pair Corr
0.62	ETWO	E2open Parent Holdings	Pair Corr

Moving against Fair Stock

0.58	DOMO	Domo Inc	Pair Corr
0.51	DUOT	Duos Technologies	Pair Corr
0.76	FROG	Jfrog	Pair Corr
0.63	ENFN	Enfusion	Pair Corr
0.58	API	Agora Inc	Pair Corr
0.54	HIT	Health In Tech,	Pair Corr
0.48	DHX	DHI Group	Pair Corr
0.47	ADP	Automatic Data Processing	Pair Corr
0.42	IPM	Intelligent Protection Symbol Change	Pair Corr

Related Correlations Analysis

	SAP	TYL	ROP	CDNS	PTC	MANH	ANSS	GWRE	CDAY	AZPN
SAP		0.6	0.79	-0.32	-0.49	-0.69	0.04	0.89	0.0	0.78	SAP
TYL	0.6		0.53	0.07	0.03	-0.18	0.21	0.62	0.0	0.39	TYL
ROP	0.79	0.53		-0.62	-0.62	-0.85	-0.35	0.67	0.0	0.9	ROP
CDNS	-0.32	0.07	-0.62		0.84	0.78	0.85	-0.05	0.0	-0.66	CDNS
PTC	-0.49	0.03	-0.62	0.84		0.87	0.75	-0.26	0.0	-0.76	PTC
MANH	-0.69	-0.18	-0.85	0.78	0.87		0.59	-0.54	0.0	-0.92	MANH
ANSS	0.04	0.21	-0.35	0.85	0.75	0.59		0.26	0.0	-0.46	ANSS
GWRE	0.89	0.62	0.67	-0.05	-0.26	-0.54	0.26		0.0	0.67	GWRE
CDAY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CDAY
AZPN	0.78	0.39	0.9	-0.66	-0.76	-0.92	-0.46	0.67	0.0		AZPN
	SAP	TYL	ROP	CDNS	PTC	MANH	ANSS	GWRE	CDAY	AZPN

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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

AZPN	+ 0.9	ROP
GWRE	+ 0.89	SAP
MANH	+ 0.87	PTC
ANSS	+ 0.85	CDNS
PTC	+ 0.84	CDNS
ROP	+ 0.79	SAP

High negative correlations

AZPN	- 0.92	MANH
MANH	- 0.85	ROP
AZPN	- 0.76	PTC
MANH	- 0.69	SAP
AZPN	- 0.66	CDNS
PTC	- 0.62	ROP

Risk-Adjusted Indicators

There is a big difference between Fair Stock performing well and Fair Isaac 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 Fair Isaac'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
SAP	1.26	0.22	0.12	0.11	1.66	(1.35)	2.75	(2.60)	8.87
TYL	1.31	(0.01)	0.00	(0.11)	0.00	0.00	2.07	(2.76)	9.09
ROP	0.89	0.15	0.14	0.09	1.09	(0.90)	1.87	(1.87)	7.59
CDNS	1.69	(0.16)	0.00	(0.28)	0.00	0.00	2.72	(3.80)	12.93
PTC	1.08	(0.25)	0.00	(0.44)	0.00	0.00	1.72	(2.45)	11.35
MANH	2.14	(0.65)	0.00	(0.72)	0.00	0.00	3.03	(3.98)	27.65
ANSS	0.86	(0.02)	0.00	(0.13)	0.00	0.00	1.55	(2.14)	5.76
GWRE	1.62	0.29	0.13	0.18	2.04	(1.81)	3.05	(2.91)	18.85
CDAY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZPN	0.51	0.07	0.22	(11.11)	0.65	(0.59)	1.12	(0.87)	6.87

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