Evertec Correlations

EVTC Stock

USD 36.88 0.02 0.05%

The current 90-days correlation between Evertec and Global Blue Group is 0.03 (i.e., Significant diversification). The correlation of Evertec 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.

Evertec Correlation With Market

Average diversification

The correlation between Evertec and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evertec 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 Evertec. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.

Moving together with Evertec Stock

0.75

Marqeta Buyout Trend

Pair Corr

Moving against Evertec Stock

0.57	S	SentinelOne	Pair Corr
0.39	VERI	Veritone	Pair Corr
0.31	DVLT	Datavault AI Symbol Change	Pair Corr
0.31	VRAR	Glimpse Group	Pair Corr
0.67	DBX	Dropbox	Pair Corr
0.66	DLO	Dlocal	Pair Corr
0.65	FLYW	Flywire Corp	Pair Corr
0.54	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.51	FIVN	Five9 Inc	Pair Corr
0.5	IOT	Samsara	Pair Corr
0.48	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.35	MDB	MongoDB	Pair Corr
0.72	WIX	WixCom	Pair Corr
0.57	RPD	Rapid7 Inc	Pair Corr
0.54	GDDY	Godaddy	Pair Corr
0.51	TDC	Teradata Corp Sell-off Trend	Pair Corr
0.45	RXT	Rackspace Technology	Pair Corr
0.36	LIDRW	AEye Inc	Pair Corr

Related Correlations Analysis

	CCSI	GB	LVOX	ESMT	EVCM	STER	CSGS	ACIW
CCSI		-0.15	0.0	0.0	-0.02	0.0	0.52	0.16	CCSI
GB	-0.15		0.0	0.0	-0.69	0.0	0.05	-0.27	GB
LVOX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LVOX
ESMT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ESMT
EVCM	-0.02	-0.69	0.0	0.0		0.0	-0.49	0.2	EVCM
STER	0.0	0.0	0.0	0.0	0.0		0.0	0.0	STER
CSGS	0.52	0.05	0.0	0.0	-0.49	0.0		-0.01	CSGS
ACIW	0.16	-0.27	0.0	0.0	0.2	0.0	-0.01		ACIW
	CCSI	GB	LVOX	ESMT	EVCM	STER	CSGS	ACIW

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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

CSGS	+ 0.52	CCSI
ACIW	+ 0.2	EVCM
ACIW	+ 0.16	CCSI
CSGS	+ 0.05	GB
LVOX	+ 0.0	CCSI
ESMT	+ 0.0	CCSI

High negative correlations

EVCM	- 0.69	GB
CSGS	- 0.49	EVCM
ACIW	- 0.27	GB
GB	- 0.15	CCSI
EVCM	- 0.02	CCSI
ACIW	- 0.01	CSGS

Risk-Adjusted Indicators

There is a big difference between Evertec Stock performing well and Evertec 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 Evertec'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
CCSI	1.95	0.16	0.04	0.03	2.96	(1.84)	4.01	(4.06)	20.81
GB	1.80	0.34	0.18	3.25	1.72	(2.16)	3.86	(3.54)	18.44
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVCM	1.65	(0.17)	0.00	(0.23)	0.00	0.00	3.22	(3.52)	10.24
STER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSGS	1.25	0.29	0.18	0.24	1.37	(1.26)	2.80	(2.15)	8.74
ACIW	1.55	0.10	0.05	(0.01)	1.83	(1.60)	3.64	(3.04)	11.88

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