Jack Henry Correlations

JKHY Stock

USD 173.96 0.86 0.50%

The current 90-days correlation between Jack Henry Associates and CACI International is 0.37 (i.e., Weak diversification). The correlation of Jack Henry 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Jack Henry Correlation With Market

Good diversification

The correlation between Jack Henry Associates and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jack Henry Associates 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 Jack Henry Associates. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Jack Stock

0.61	ACN	Accenture plc	Pair Corr
0.72	FIS	Fidelity National	Pair Corr
0.77	PSN	Parsons Corp	Pair Corr
0.68	JDZG	JIADE LIMITED Common	Pair Corr
0.62	NEOM	NeoMedia Technologies	Pair Corr

Moving against Jack Stock

0.44	EPAM	EPAM Systems	Pair Corr
0.32	GMM	Global Mofy Metaverse	Pair Corr
0.45	PSCO	ProtoSource	Pair Corr
0.4	BNAIW	Brand Engagement Network Symbol Change	Pair Corr
0.39	TRIRF	Triterras	Pair Corr
0.35	HCKT	Hackett Group	Pair Corr
0.34	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.31	INFY	Infosys Ltd ADR	Pair Corr

Related Correlations Analysis

	CACI	CDW	BR	EXLS	IT	CTSH	FIS	ASGN	WNS	HCKT
CACI		0.02	0.07	0.32	0.54	0.02	0.67	0.63	-0.5	-0.07	CACI
CDW	0.02		-0.7	-0.84	-0.36	-0.44	-0.33	0.48	0.17	-0.72	CDW
BR	0.07	-0.7		0.88	0.7	0.72	0.41	-0.09	-0.29	0.81	BR
EXLS	0.32	-0.84	0.88		0.73	0.66	0.52	-0.05	-0.33	0.82	EXLS
IT	0.54	-0.36	0.7	0.73		0.54	0.7	0.3	-0.48	0.56	IT
CTSH	0.02	-0.44	0.72	0.66	0.54		0.02	0.21	0.26	0.82	CTSH
FIS	0.67	-0.33	0.41	0.52	0.7	0.02		0.15	-0.77	0.08	FIS
ASGN	0.63	0.48	-0.09	-0.05	0.3	0.21	0.15		0.01	-0.1	ASGN
WNS	-0.5	0.17	-0.29	-0.33	-0.48	0.26	-0.77	0.01		0.14	WNS
HCKT	-0.07	-0.72	0.81	0.82	0.56	0.82	0.08	-0.1	0.14		HCKT
	CACI	CDW	BR	EXLS	IT	CTSH	FIS	ASGN	WNS	HCKT

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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

EXLS	+ 0.88	BR
HCKT	+ 0.82	EXLS
HCKT	+ 0.82	CTSH
HCKT	+ 0.81	BR
IT	+ 0.73	EXLS
CTSH	+ 0.72	BR

High negative correlations

EXLS	- 0.84	CDW
WNS	- 0.77	FIS
HCKT	- 0.72	CDW
BR	- 0.7	CDW
WNS	- 0.5	CACI
WNS	- 0.48	IT

Risk-Adjusted Indicators

There is a big difference between Jack Stock performing well and Jack Henry 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 Jack Henry'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
CACI	1.26	(0.08)	(0.04)	0.02	2.53	(1.09)	2.84	(4.18)	14.84
CDW	1.43	(0.54)	0.00	(0.25)	0.00	0.00	1.68	(3.50)	14.61
BR	0.71	0.12	0.09	0.33	0.49	(0.83)	1.66	(1.26)	5.12
EXLS	1.04	0.25	0.31	0.35	0.40	(1.33)	2.56	(1.41)	8.35
IT	0.80	(0.01)	0.00	0.11	1.05	(0.76)	1.37	(2.06)	7.23
CTSH	0.96	(0.05)	(0.02)	0.08	1.44	(0.89)	1.93	(1.89)	9.84
FIS	0.78	0.06	(0.03)	0.42	1.09	(0.77)	1.44	(1.94)	5.40
ASGN	1.50	(0.30)	0.00	(0.03)	0.00	0.00	2.35	(3.35)	13.02
WNS	1.62	(0.26)	0.00	(0.17)	0.00	0.00	2.95	(3.12)	13.44
HCKT	1.36	0.11	0.16	0.18	0.94	(1.70)	2.61	(1.80)	19.63

Jack Henry Corporate Management

Shanon McLachlan	Executive VP	Profile
Stacey Zengel	Senior Solutions	Profile
Mimi Carsley	CFO Treasurer	Profile
Craig Morgan	General Counsel, Secretary	Profile
Vance CFA	Vice Relations	Profile
Benjamin Metz	Chief Officer	Profile

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