I3 Verticals Correlations

IIIV Stock

USD 24.58 0.13 0.53%

The correlation of I3 Verticals 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.

I3 Verticals Correlation With Market

Weak diversification

The correlation between i3 Verticals and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding i3 Verticals and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in i3 Verticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy IIIV Stock please use our How to Invest in I3 Verticals guide.

Moving together with IIIV Stock

0.84	G	Genpact Limited	Pair Corr
0.72	BR	Broadridge Financial	Pair Corr
0.72	KC	Kingsoft Cloud Holdings	Pair Corr
0.61	MG	Mistras Group	Pair Corr
0.64	WM	Waste Management	Pair Corr
0.67	PBI	Pitney Bowes	Pair Corr

Moving against IIIV Stock

0.58	NL	NL Industries	Pair Corr
0.39	ESGL	ESGL Holdings Limited	Pair Corr
0.36	BV	BrightView Holdings	Pair Corr
0.69	CXW	CoreCivic	Pair Corr
0.48	MAN	ManpowerGroup	Pair Corr
0.48	RHI	Robert Half International	Pair Corr
0.47	KBR	KBR Inc	Pair Corr
0.44	MMS	Maximus	Pair Corr
0.42	DLX	Deluxe	Pair Corr
0.42	III	Information Services Tech Boost	Pair Corr
0.39	FTEK	Fuel Tech	Pair Corr
0.58	HCSG	Healthcare Services	Pair Corr
0.52	GWAV	Greenwave Technology	Pair Corr

Related Correlations Analysis

	ESMT	EVTC	BASE	FLYW	EEFT	EVCM	NTCT	CCSI	CSGS	FORG
ESMT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESMT
EVTC	0.0		-0.4	-0.72	0.35	-0.19	-0.48	-0.42	0.28	0.0	EVTC
BASE	0.0	-0.4		0.31	-0.37	0.04	0.83	0.8	0.46	0.0	BASE
FLYW	0.0	-0.72	0.31		0.01	0.74	0.48	0.27	-0.51	0.0	FLYW
EEFT	0.0	0.35	-0.37	0.01		0.41	-0.12	-0.24	-0.06	0.0	EEFT
EVCM	0.0	-0.19	0.04	0.74	0.41		0.23	0.01	-0.48	0.0	EVCM
NTCT	0.0	-0.48	0.83	0.48	-0.12	0.23		0.81	0.43	0.0	NTCT
CCSI	0.0	-0.42	0.8	0.27	-0.24	0.01	0.81		0.5	0.0	CCSI
CSGS	0.0	0.28	0.46	-0.51	-0.06	-0.48	0.43	0.5		0.0	CSGS
FORG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FORG
	ESMT	EVTC	BASE	FLYW	EEFT	EVCM	NTCT	CCSI	CSGS	FORG

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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

NTCT	+ 0.83	BASE
CCSI	+ 0.81	NTCT
CCSI	+ 0.8	BASE
EVCM	+ 0.74	FLYW
CSGS	+ 0.5	CCSI
NTCT	+ 0.48	FLYW

High negative correlations

FLYW	- 0.72	EVTC
CSGS	- 0.51	FLYW
CSGS	- 0.48	EVCM
NTCT	- 0.48	EVTC
CCSI	- 0.42	EVTC
BASE	- 0.4	EVTC

Risk-Adjusted Indicators

There is a big difference between IIIV Stock performing well and I3 Verticals 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 I3 Verticals' 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
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.26	0.11	0.10	0.13	1.37	(1.57)	2.06	(1.85)	18.49
BASE	2.21	(0.13)	0.00	(0.20)	0.00	0.00	3.11	(5.02)	22.01
FLYW	2.74	(0.77)	0.00	(0.71)	0.00	0.00	4.49	(5.74)	44.16
EEFT	1.54	0.13	0.07	0.05	1.92	(1.60)	3.00	(3.60)	14.44
EVCM	1.58	(0.18)	0.00	(0.22)	0.00	0.00	3.22	(3.52)	10.24
NTCT	1.49	0.04	0.00	(0.04)	0.00	0.00	2.27	(3.31)	16.99
CCSI	1.98	0.09	0.02	0.00	3.01	(1.82)	4.01	(4.06)	20.81
CSGS	1.25	0.23	0.15	0.20	1.41	(1.29)	2.82	(2.16)	8.74
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

I3 Verticals Corporate Management

Eric Willis	Corporate Operations	Profile
Amber Murphy	Senior Resources	Profile
Steve Hunt	Vice Sales	Profile
Geoffrey Smith	Senior Finance	Profile
Hume Miller	Head Education	Profile

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