Everi Holdings Correlations

EVRI Stock

USD 13.68 0.01 0.07%

The current 90-days correlation between Everi Holdings and Accel Entertainment is 0.2 (i.e., Modest diversification). The correlation of Everi Holdings 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.

Everi Holdings Correlation With Market

Modest diversification

The correlation between Everi Holdings and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everi Holdings 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 Everi Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Everi Stock please use our How to Invest in Everi Holdings guide.

Moving together with Everi Stock

0.89	LTH	Life Time Group	Pair Corr
0.69	HAS	Hasbro Inc	Pair Corr
0.82	MAT	Mattel Inc	Pair Corr
0.71	LION	Lionsgate Studios Corp	Pair Corr
0.71	INVX	Innovex International, Symbol Change	Pair Corr
0.68	FWEDF	Fireweed Zinc	Pair Corr

Moving against Everi Stock

0.76	NVR	NVR Inc	Pair Corr
0.71	JOUT	Johnson Outdoors	Pair Corr
0.66	DHI	DR Horton	Pair Corr
0.64	GOLF	Acushnet Holdings Corp	Pair Corr
0.63	WWW	Wolverine World Wide	Pair Corr
0.52	PLAY	Dave Busters Enterta	Pair Corr
0.5	CRI	Carters	Pair Corr
0.49	WHR	Whirlpool	Pair Corr
0.35	FUN	Six Flags Entertainment	Pair Corr
0.35	COOK	Traeger	Pair Corr
0.34	KTB	Kontoor Brands	Pair Corr
0.5	HII	Huntington Ingalls Sell-off Trend	Pair Corr
0.49	GCPEF	GCL Poly Energy	Pair Corr

Related Correlations Analysis

	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC
ACEL		-0.02	0.83	0.21	0.19	0.23	0.0	0.41	0.86	0.31	ACEL
LNW	-0.02		0.35	0.36	0.64	-0.8	0.0	0.73	-0.28	-0.36	LNW
INSE	0.83	0.35		0.17	0.6	-0.19	0.0	0.53	0.6	0.13	INSE
IGT	0.21	0.36	0.17		-0.16	0.13	0.0	0.5	0.07	0.18	IGT
AGS	0.19	0.64	0.6	-0.16		-0.8	0.0	0.34	-0.1	-0.41	AGS
CHDN	0.23	-0.8	-0.19	0.13	-0.8		0.0	-0.38	0.51	0.58	CHDN
NGMS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NGMS
CDRO	0.41	0.73	0.53	0.5	0.34	-0.38	0.0		0.22	-0.1	CDRO
GAMB	0.86	-0.28	0.6	0.07	-0.1	0.51	0.0	0.22		0.38	GAMB
CPHC	0.31	-0.36	0.13	0.18	-0.41	0.58	0.0	-0.1	0.38		CPHC
	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC

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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

GAMB	+ 0.86	ACEL
INSE	+ 0.83	ACEL
CDRO	+ 0.73	LNW
AGS	+ 0.64	LNW
AGS	+ 0.6	INSE
GAMB	+ 0.6	INSE

High negative correlations

CHDN	- 0.8	AGS
CHDN	- 0.8	LNW
CPHC	- 0.41	AGS
CDRO	- 0.38	CHDN
CPHC	- 0.36	LNW
GAMB	- 0.28	LNW

Risk-Adjusted Indicators

There is a big difference between Everi Stock performing well and Everi Holdings 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 Everi Holdings' 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
ACEL	1.44	(0.18)	0.00	(0.31)	0.00	0.00	2.90	(3.22)	12.11
LNW	1.57	0.26	0.14	0.18	1.67	(1.81)	4.28	(3.06)	15.12
INSE	2.03	0.15	0.03	0.02	3.04	(1.89)	5.02	(6.00)	15.56
IGT	1.29	(0.08)	0.00	(0.20)	0.00	0.00	2.06	(2.32)	6.57
AGS	0.24	0.08	0.46	2.12	0.00	(0.31)	0.52	(0.35)	2.38
CHDN	1.07	(0.30)	0.00	(1.75)	0.00	0.00	2.24	(2.18)	5.29
NGMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDRO	2.29	0.06	0.00	(0.02)	0.00	0.00	4.62	(4.55)	20.10
GAMB	2.36	(0.11)	0.00	(0.16)	0.00	0.00	4.22	(5.11)	16.02
CPHC	1.73	(0.12)	0.00	0.47	0.00	0.00	3.44	(3.49)	13.61

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