EPAM Systems Correlations

EPAM Stock

USD 172.28 8.59 4.75%

The current 90-days correlation between EPAM Systems and Concentrix is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EPAM Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EPAM Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EPAM Systems Correlation With Market

Very weak diversification

The correlation between EPAM Systems and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EPAM Systems 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 EPAM Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in EPAM Stock, please use our How to Invest in EPAM Systems guide.

Moving together with EPAM Stock

0.8	IT	Gartner	Pair Corr
0.75	DMRC	Digimarc	Pair Corr
0.68	VEEA	Veea Inc Symbol Change	Pair Corr
0.66	DTST	Data Storage Corp Earnings Call This Week	Pair Corr
0.86	ACN	Accenture plc	Pair Corr
0.69	CDW	CDW Corp	Pair Corr
0.9	DXC	DXC Technology	Pair Corr
0.84	GIB	CGI Inc	Pair Corr
0.61	PSN	Parsons Corp	Pair Corr
0.91	UIS	Unisys	Pair Corr
0.67	VYX	NCR Voyix	Pair Corr
0.94	WIT	Wipro Limited ADR	Pair Corr
0.84	GDYN	Grid Dynamics Holdings	Pair Corr
0.76	XRX	Xerox Corp	Pair Corr
0.91	GLOB	Globant SA	Pair Corr
0.88	HCKT	Hackett Group	Pair Corr
0.78	INFY	Infosys Ltd ADR	Pair Corr

Moving against EPAM Stock

0.46	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.42	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.33	CTM	Castellum	Pair Corr
0.32	IBEX	IBEX	Pair Corr
0.69	ARBB	ARB IOT Group	Pair Corr
0.39	JKHY	Jack Henry Associates	Pair Corr

Related Correlations Analysis

	CNXC	IT	ACN	TWKS	IBM	INFY	CTSH	FISV	ASGN	EXLS
CNXC		0.66	0.43	0.0	0.18	-0.08	0.23	0.0	0.35	0.7	CNXC
IT	0.66		0.84	0.0	0.06	0.51	0.32	0.0	0.61	0.71	IT
ACN	0.43	0.84		0.0	0.27	0.53	0.57	0.0	0.36	0.72	ACN
TWKS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TWKS
IBM	0.18	0.06	0.27	0.0		-0.54	0.83	0.0	-0.68	0.63	IBM
INFY	-0.08	0.51	0.53	0.0	-0.54		-0.22	0.0	0.76	-0.1	INFY
CTSH	0.23	0.32	0.57	0.0	0.83	-0.22		0.0	-0.46	0.76	CTSH
FISV	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FISV
ASGN	0.35	0.61	0.36	0.0	-0.68	0.76	-0.46	0.0		-0.02	ASGN
EXLS	0.7	0.71	0.72	0.0	0.63	-0.1	0.76	0.0	-0.02		EXLS
	CNXC	IT	ACN	TWKS	IBM	INFY	CTSH	FISV	ASGN	EXLS

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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

ACN	+ 0.84	IT
CTSH	+ 0.83	IBM
ASGN	+ 0.76	INFY
EXLS	+ 0.76	CTSH
EXLS	+ 0.72	ACN
EXLS	+ 0.71	IT

High negative correlations

ASGN	- 0.68	IBM
INFY	- 0.54	IBM
ASGN	- 0.46	CTSH
CTSH	- 0.22	INFY
EXLS	- 0.1	INFY
INFY	- 0.08	CNXC

Risk-Adjusted Indicators

There is a big difference between EPAM Stock performing well and EPAM Systems 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 EPAM Systems' 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
CNXC	1.93	0.22	0.08	0.09	2.31	(2.26)	3.97	(4.13)	11.83
IT	1.05	(0.15)	0.00	(0.22)	0.00	0.00	1.90	(2.49)	5.12
ACN	1.12	(0.10)	0.00	(0.18)	0.00	0.00	1.69	(2.35)	12.41
TWKS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IBM	1.26	0.22	0.16	0.22	1.26	(1.46)	2.16	(2.38)	16.71
INFY	1.00	(0.30)	0.00	(0.61)	0.00	0.00	1.78	(2.42)	9.17
CTSH	0.92	0.01	0.00	(0.05)	0.00	0.00	1.70	(3.05)	7.78
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASGN	1.56	(0.34)	0.00	(0.48)	0.00	0.00	2.64	(4.67)	9.60
EXLS	1.10	0.12	0.07	0.03	1.54	(1.09)	2.09	(2.63)	10.29

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