Fair Isaac Correlations
| FICO Stock | USD 1,075 1.79 0.17% |
The correlation of Fair Isaac is a statistical measure of how it moves in relation to other equities. 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 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. 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.
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 tightly coupled with the direction of predictive economic indicators such as signals in interest. Fair |
The ability to find closely correlated positions to Fair Isaac could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fair Isaac 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 Fair Isaac - 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 Fair Isaac to buy it.
Moving together with Fair Stock
| + | 0.78 | DJCO | Daily Journal Corp | Report 15th of December 2023 | PairCorr | |
| + | 0.91 | DT | Dynatrace Holdings LLC | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.94 | ML | MoneyLion | Tech Boost | PairCorr |
Moving against Fair Stock
| - | 0.73 | EB | Eventbrite Class A | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.56 | ZI | ZoomInfo Technologies | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
AEG | USGO | EIG | ICCH | PLMR | AAME | FREDF | ||
AEG | -0.09 | -0.32 | -0.59 | 0.78 | 0.18 | 0.0 | AEG | |
USGO | -0.09 | 0.44 | 0.01 | -0.48 | 0.58 | 0.0 | USGO | |
EIG | -0.32 | 0.44 | 0.03 | -0.39 | 0.21 | 0.0 | EIG | |
ICCH | -0.59 | 0.01 | 0.03 | -0.37 | -0.24 | 0.0 | ICCH | |
PLMR | 0.78 | -0.48 | -0.39 | -0.37 | -0.34 | 0.0 | PLMR | |
AAME | 0.18 | 0.58 | 0.21 | -0.24 | -0.34 | 0.0 | AAME | |
FREDF | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FREDF | |
AEG | USGO | EIG | ICCH | PLMR | AAME | FREDF |
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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 | High negative correlations |
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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AEG | 1.14 | 0.11 | 0.08 | 0.11 | 1.30 | 0.08 | (1.27) | 2.33 | (2.04) | 6.11 | |
| USGO | 3.33 | (0.20) | 0.00 | (0.18) | 0.00 | (0.0427) | 0.00 | 8.48 | (7.64) | 22.93 | |
| EIG | 0.99 | (0.03) | 0.00 | (0.03) | 0.00 | (0.0232) | 0.00 | 1.76 | (2.38) | 7.24 | |
| ICCH | 0.68 | (0.06) | 0.00 | 0.21 | 0.00 | (0.0495) | 0.00 | 2.33 | (2.69) | 9.72 | |
| PLMR | 1.70 | 0.24 | 0.13 | 0.16 | 1.63 | 0.11 | (1.89) | 3.08 | (2.68) | 12.35 | |
| AAME | 3.08 | 0.06 | 0.01 | 0.11 | 3.82 | 0.0154 | (3.71) | 7.18 | (7.22) | 17.69 | |
| FREDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fair Isaac 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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Fair Isaac Corporate Directors
Fair Isaac corporate directors refer to members of a Fair Isaac board of directors. The board of directors generally takes responsibility for the Fair Isaac's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fair Isaac's board members must vote for the resolution. The Fair Isaac board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Marc McMorris | Independent Director | Profile | |
| Greg Gianforte | Independent Director | Profile | |
| James Kirsner | Independent Director | Profile | |
| Eva Manolis | Independent Director | Profile |
Already Invested in Fair Isaac?
The danger of trading Fair Isaac 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 Fair Isaac 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 Fair Isaac. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fair Isaac 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 Fair Isaac offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fair Isaac's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fair Isaac Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fair Isaac Stock: 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 tightly coupled with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Fair Stock, please use our How to Invest in Fair Isaac guide.Note that the Fair Isaac information on this page should be used as a complementary analysis to other Fair Isaac's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Fair Stock analysis
When running Fair Isaac's price analysis, check to measure Fair Isaac'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 Fair Isaac is operating at the current time. Most of Fair Isaac's value examination focuses on studying past and present price action to predict the probability of Fair Isaac's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fair Isaac's price. Additionally, you may evaluate how the addition of Fair Isaac to your portfolios can decrease your overall portfolio volatility.
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Is Fair Isaac'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 Fair Isaac. If investors know Fair 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 Fair Isaac 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 0.132 | Earnings Share 16.88 | Revenue Per Share 60.576 | Quarterly Revenue Growth 0.118 | Return On Assets 0.2655 |
The market value of Fair Isaac is measured differently than its book value, which is the value of Fair that is recorded on the company's balance sheet. Investors also form their own opinion of Fair Isaac's value that differs from its market value or its book value, called intrinsic value, which is Fair Isaac'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 Fair Isaac's market value can be influenced by many factors that don't directly affect Fair Isaac'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 Fair Isaac's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fair Isaac is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fair Isaac'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.