Paymentus Holdings Correlations

PAY Stock

USD 27.29 0.08 0.29%

The correlation of Paymentus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Paymentus Holdings Correlation With Market

Significant diversification

The correlation between Paymentus Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paymentus Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paymentus 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 nation.

For more information on how to buy Paymentus Stock please use our How to Invest in Paymentus Holdings guide.

Moving together with Paymentus Stock

0.68	AIRG	Airgain	Pair Corr
0.7	S	SentinelOne	Pair Corr
0.8	NN	Nextnav Acquisition Corp	Pair Corr
0.81	CRM	Salesforce	Pair Corr
0.78	TDC	Teradata Corp	Pair Corr
0.8	SLNH	Soluna Holdings	Pair Corr
0.71	PPERF	Bank Mandiri Persero	Pair Corr
0.71	PPERY	Bank Mandiri Persero	Pair Corr
0.61	PBCRF	PT Bank Central	Pair Corr
0.76	PBCRY	Bank Central Asia	Pair Corr
0.68	BKRKY	Bank Rakyat	Pair Corr

Moving against Paymentus Stock

0.77	ALTR	Altair Engineering	Pair Corr
0.59	MLGO	MicroAlgo	Pair Corr
0.58	CSCO	Cisco Systems	Pair Corr
0.56	GB	Global Blue Group	Pair Corr
0.48	JG	Aurora Mobile	Pair Corr
0.46	MQ	Marqeta	Pair Corr
0.36	BB	BlackBerry	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.73	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.68	WM	Waste Management	Pair Corr
0.64	TRV	The Travelers Companies	Pair Corr
0.63	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.54	XOM	Exxon Mobil Corp	Pair Corr
0.49	IBM	International Business	Pair Corr
0.47	SSNLF	Samsung Electronics	Pair Corr
0.46	300131	ShenZhen Yitoa Intel	Pair Corr
0.41	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI
ESMT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESMT
EVTC	0.0		-0.44	-0.77	-0.14	0.26	-0.54	-0.29	0.13	-0.7	EVTC
BASE	0.0	-0.44		0.37	0.75	0.16	0.89	0.09	-0.2	0.23	BASE
FLYW	0.0	-0.77	0.37		0.07	-0.04	0.56	0.75	-0.44	0.94	FLYW
IIIV	0.0	-0.14	0.75	0.07		-0.08	0.75	-0.05	-0.14	-0.17	IIIV
ACIW	0.0	0.26	0.16	-0.04	-0.08		0.03	0.06	-0.15	0.0	ACIW
RELY	0.0	-0.54	0.89	0.56	0.75	0.03		0.27	-0.24	0.41	RELY
EVCM	0.0	-0.29	0.09	0.75	-0.05	0.06	0.27		-0.61	0.75	EVCM
GB	0.0	0.13	-0.2	-0.44	-0.14	-0.15	-0.24	-0.61		-0.31	GB
IMXI	0.0	-0.7	0.23	0.94	-0.17	0.0	0.41	0.75	-0.31		IMXI
	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

IMXI	+ 0.94	FLYW
RELY	+ 0.89	BASE
IIIV	+ 0.75	BASE
EVCM	+ 0.75	FLYW
RELY	+ 0.75	IIIV
IMXI	+ 0.75	EVCM

High negative correlations

FLYW	- 0.77	EVTC
IMXI	- 0.7	EVTC
GB	- 0.61	EVCM
RELY	- 0.54	EVTC
GB	- 0.44	FLYW
BASE	- 0.44	EVTC

Risk-Adjusted Indicators

There is a big difference between Paymentus Stock performing well and Paymentus 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 Paymentus 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
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.25	0.14	0.12	0.20	1.33	(1.53)	2.03	(1.85)	18.48
BASE	2.22	0.02	0.00	(0.04)	0.00	0.00	3.91	(4.38)	22.01
FLYW	2.76	(0.80)	0.00	(0.73)	0.00	0.00	4.49	(5.74)	44.16
IIIV	1.56	0.22	0.13	0.20	1.66	(1.72)	3.09	(2.66)	13.80
ACIW	1.48	0.06	0.00	(0.01)	0.00	0.00	2.10	(3.04)	11.88
RELY	1.74	0.05	0.00	(0.01)	0.00	0.00	4.55	(3.39)	12.44
EVCM	1.57	(0.19)	0.00	(0.22)	0.00	0.00	3.22	(3.52)	10.24
GB	1.78	0.34	0.17	3.93	1.74	(2.15)	3.86	(3.54)	18.44
IMXI	1.69	(0.67)	0.00	(1.36)	0.00	0.00	2.91	(3.83)	20.39

Paymentus Holdings Corporate Management

Gerasimos Portocalis	Chief Commercial Officer	Profile
David Hanover	Investor Officer	Profile
Paul Seamon	VP Strategy	Profile
Andrew Gerber	G Sec	Profile
Adam Malinowski	Independent Director	Profile

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