Guidewire Software Correlations

GWRE Stock

USD 191.54 1.92 0.99%

The current 90-days correlation between Guidewire Software and Blackbaud is -0.02 (i.e., Good diversification). The correlation of Guidewire Software 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.

Guidewire Software Correlation With Market

Weak diversification

The correlation between Guidewire Software and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidewire Software and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guidewire Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Guidewire Stock refer to our How to Trade Guidewire Stock guide.

Moving together with Guidewire Stock

0.76	DT	Dynatrace Holdings LLC	Pair Corr
0.76	DOMO	Domo Inc	Pair Corr
0.65	DUOL	Duolingo	Pair Corr
0.64	ENFN	Enfusion	Pair Corr
0.77	ESTC	Elastic NV	Pair Corr
0.81	API	Agora Inc	Pair Corr

Moving against Guidewire Stock

0.67	DJCO	Daily Journal Corp	Pair Corr
0.49	WK	Workiva	Pair Corr
0.45	VERB	Verb Technology	Pair Corr
0.42	QH	Quhuo	Pair Corr
0.68	CXAIW	CXApp Inc	Pair Corr
0.66	FRGT	Freight Technologies	Pair Corr
0.58	FICO	Fair Isaac	Pair Corr
0.49	CYN	Cyngn Inc	Pair Corr
0.42	FTFT	Future Fintech Group	Pair Corr
0.4	ANY	Sphere 3D Corp	Pair Corr
0.34	DMN	Damon Common Stock	Pair Corr

Related Correlations Analysis

	BLKB	ENFN	ETWO	MODN	CVT	MANH	MNTV	CWAN	EXFY	ENV
BLKB		-0.36	0.91	0.0	0.0	0.65	0.0	-0.1	0.44	0.0	BLKB
ENFN	-0.36		-0.42	0.0	0.0	-0.65	0.0	0.46	0.06	0.0	ENFN
ETWO	0.91	-0.42		0.0	0.0	0.65	0.0	-0.03	0.52	0.0	ETWO
MODN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MODN
CVT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CVT
MANH	0.65	-0.65	0.65	0.0	0.0		0.0	-0.12	-0.01	0.0	MANH
MNTV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MNTV
CWAN	-0.1	0.46	-0.03	0.0	0.0	-0.12	0.0		0.24	0.0	CWAN
EXFY	0.44	0.06	0.52	0.0	0.0	-0.01	0.0	0.24		0.0	EXFY
ENV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ENV
	BLKB	ENFN	ETWO	MODN	CVT	MANH	MNTV	CWAN	EXFY	ENV

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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

ETWO	+ 0.91	BLKB
MANH	+ 0.65	BLKB
MANH	+ 0.65	ETWO
EXFY	+ 0.52	ETWO
CWAN	+ 0.46	ENFN
EXFY	+ 0.44	BLKB

High negative correlations

MANH	- 0.65	ENFN
ETWO	- 0.42	ENFN
ENFN	- 0.36	BLKB
CWAN	- 0.12	MANH
CWAN	- 0.1	BLKB
CWAN	- 0.03	ETWO

Risk-Adjusted Indicators

There is a big difference between Guidewire Stock performing well and Guidewire Software 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 Guidewire Software'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
BLKB	1.34	(0.28)	0.00	(0.60)	0.00	0.00	2.18	(3.36)	14.16
ENFN	1.14	0.09	0.08	0.29	1.59	(1.38)	3.38	(2.60)	10.10
ETWO	2.26	(0.30)	0.00	(0.29)	0.00	0.00	3.83	(5.24)	13.69
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVT	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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWAN	1.76	(0.10)	0.00	(0.24)	0.00	0.00	3.61	(4.14)	15.32
EXFY	2.83	(0.09)	0.00	(0.12)	0.00	0.00	5.11	(5.52)	28.23
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Guidewire Software Corporate Management

Michael Polelle	Chief Delivery Officer	Profile
Michael Keller	Independent Director	Profile
Michael Mahoney	Head Services	Profile
Garo Toomajanian	IR Contact Officer	Profile
Brian Desmond	Chief Officer	Profile

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