Evercore Partners Correlations

EVR Stock

USD 206.84 2.49 1.22%

The current 90-days correlation between Evercore Partners and PJT Partners is 0.52 (i.e., Very weak diversification). The correlation of Evercore Partners 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.

Evercore Partners Correlation With Market

Very weak diversification

The correlation between Evercore Partners and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evercore Partners 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 Evercore Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Evercore Stock, please use our How to Invest in Evercore Partners guide.

Moving together with Evercore Stock

0.85	MC	Moelis	Pair Corr
0.77	MS	Morgan Stanley	Pair Corr
0.66	RC	Ready Capital Corp	Pair Corr
0.75	ECPG	Encore Capital Group	Pair Corr
0.73	ABR	Arbor Realty Trust	Pair Corr
0.86	AXP	American Express Sell-off Trend	Pair Corr
0.66	COF	Capital One Financial	Pair Corr
0.9	HLI	Houlihan Lokey	Pair Corr
0.81	LAZ	Lazard	Pair Corr
0.71	PJT	PJT Partners Normal Trading	Pair Corr
0.95	PWP	Perella Weinberg Partners	Pair Corr
0.87	LMFA	LM Funding America	Pair Corr
0.64	ORGN	Origin Materials	Pair Corr
0.96	PIPR	Piper Sandler Companies	Pair Corr
0.62	PYPL	PayPal Holdings Aggressive Push	Pair Corr

Moving against Evercore Stock

0.44	ARR	ARMOUR Residential REIT	Pair Corr
0.88	XYF	X Financial Class Normal Trading	Pair Corr
0.7	YRD	Yirendai	Pair Corr
0.66	NYMT	New York Mortgage	Pair Corr
0.65	NLY	Annaly Capital Management	Pair Corr
0.56	VEL	Velocity Financial Llc	Pair Corr
0.49	ORC	Orchid Island Capital	Pair Corr
0.47	MFA	MFA Financial	Pair Corr
0.41	TWO	Two Harbors Investments	Pair Corr
0.67	STWD	Starwood Property Trust	Pair Corr
0.59	AGNC	AGNC Investment Corp	Pair Corr
0.55	RILYZ	B Riley Financial	Pair Corr
0.54	BBUC	Brookfield Business Corp	Pair Corr

Related Correlations Analysis

	PJT	MC	PWP	JEF	LAZ	PIPR	HLI	SF	OPY
PJT		0.88	0.72	0.6	0.82	0.81	0.82	0.8	0.58	PJT
MC	0.88		0.83	0.81	0.77	0.87	0.87	0.94	0.71	MC
PWP	0.72	0.83		0.86	0.85	0.95	0.94	0.87	0.87	PWP
JEF	0.6	0.81	0.86		0.71	0.89	0.8	0.78	0.66	JEF
LAZ	0.82	0.77	0.85	0.71		0.87	0.9	0.78	0.74	LAZ
PIPR	0.81	0.87	0.95	0.89	0.87		0.94	0.87	0.76	PIPR
HLI	0.82	0.87	0.94	0.8	0.9	0.94		0.9	0.84	HLI
SF	0.8	0.94	0.87	0.78	0.78	0.87	0.9		0.85	SF
OPY	0.58	0.71	0.87	0.66	0.74	0.76	0.84	0.85		OPY
	PJT	MC	PWP	JEF	LAZ	PIPR	HLI	SF	OPY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Evercore Stock performing well and Evercore Partners 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 Evercore Partners' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PJT	1.57	(0.10)	(0.15)	3.24	(2.79)	11.57
MC	1.67	(0.18)	(0.19)	2.78	(4.40)	8.78
PWP	2.17	(0.20)	(0.21)	4.67	(3.96)	14.41
JEF	1.84	(0.31)	(0.27)	2.51	(4.71)	13.30
LAZ	1.99	(0.07)	(0.11)	4.04	(4.56)	14.41
PIPR	1.54	(0.13)	(0.18)	2.82	(3.14)	9.43
HLI	1.33	(0.04)	(0.11)	1.98	(2.97)	8.89
SF	1.52	(0.07)	(0.12)	2.48	(4.04)	7.51
OPY	1.53	0.05	(0.02)	2.97	(2.92)	10.06

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC