Guidewire Software Correlations
| GWRE Stock | USD 113.92 0.40 0.35% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guidewire Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guidewire 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.
Very weak diversification
The correlation between Guidewire Software and NYA is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidewire Software and NYA in the same portfolio, assuming nothing else is changed.
Guidewire |
The ability to find closely correlated positions to Guidewire 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 Guidewire 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 Guidewire 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 Guidewire Software to buy it.
Moving together with Guidewire Stock
Moving against Guidewire Stock
| 0.53 | DV | DoubleVerify Holdings | PairCorr |
| 0.48 | ZI | ZoomInfo Technologies | PairCorr |
| 0.44 | ELWS | Earlyworks | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | 1.27 | 0.18 | 0.13 | 0.19 | 1.28 | 3.11 | 7.83 | |||
| ENFN | 1.33 | 0.09 | 0.05 | 0.15 | 1.69 | 2.23 | 15.08 | |||
| ETWO | 1.95 | 0.15 | 0.06 | 0.19 | 2.13 | 5.37 | 16.10 | |||
| MODN | 0.87 | 0.28 | 0.21 | 0.51 | 0.68 | 1.81 | 10.58 | |||
| CVT | 0.13 | 0.02 | (0.06) | (1.42) | 0.00 | 0.24 | 1.07 | |||
| MANH | 1.26 | (0.26) | 0.00 | (0.16) | 0.00 | 1.47 | 14.96 | |||
| MNTV | 0.90 | 0.50 | 2.45 | (1.82) | 0.00 | 0.43 | 20.63 | |||
| CWAN | 1.38 | (0.05) | 0.00 | (0.03) | 0.00 | 2.82 | 11.42 | |||
| EXFY | 3.61 | (0.45) | 0.00 | (0.13) | 0.00 | 7.14 | 28.84 | |||
| ENV | 1.41 | 0.36 | 0.26 | 0.50 | 1.07 | 3.60 | 11.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Guidewire 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?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Guidewire Software Corporate Management
Elected by the shareholders, the Guidewire Software's board of directors comprises two types of representatives: Guidewire Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Guidewire. The board's role is to monitor Guidewire Software's management team and ensure that shareholders' interests are well served. Guidewire Software's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Guidewire Software's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Polelle | Chief Delivery Officer | Profile | |
| Frank ODowd | Chief Sales Officer | Profile | |
| Michael Keller | Independent Director | Profile | |
| Garo Toomajanian | IR Contact Officer | Profile | |
| Brian Desmond | Chief Officer | Profile |
Already Invested in Guidewire Software?
The danger of trading Guidewire 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 Guidewire 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 Guidewire Software. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Guidewire 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.
When determining whether Guidewire Software is a strong investment it is important to analyze Guidewire Software's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Guidewire Software's future performance. For an informed investment choice regarding Guidewire Stock, refer to the following important reports: 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 tightly coupled 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.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Guidewire Stock analysis
When running Guidewire Software's price analysis, check to measure Guidewire 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 Guidewire Software is operating at the current time. Most of Guidewire Software's value examination focuses on studying past and present price action to predict the probability of Guidewire Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Guidewire Software's price. Additionally, you may evaluate how the addition of Guidewire Software to your portfolios can decrease your overall portfolio volatility.
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Is Guidewire 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 Guidewire Software. If investors know Guidewire 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 Guidewire 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 0.66 | Earnings Share (0.62) | Revenue Per Share 11.319 | Quarterly Revenue Growth 0.036 | Return On Assets (0.03) |
The market value of Guidewire Software is measured differently than its book value, which is the value of Guidewire that is recorded on the company's balance sheet. Investors also form their own opinion of Guidewire Software's value that differs from its market value or its book value, called intrinsic value, which is Guidewire 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 Guidewire Software's market value can be influenced by many factors that don't directly affect Guidewire 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 Guidewire Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guidewire Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guidewire 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.