Paymentus Holdings Correlations

PAY Stock

USD 26.46 0.97 3.54%

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

Average diversification

The correlation between Paymentus Holdings and DJI is 0.1 (i.e., Average 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

0.74	EBON	Ebang International	Pair Corr
0.65	CTS	CTS Corporation	Pair Corr
0.69	MSI	Motorola Solutions	Pair Corr
0.75	BELFA	Bel Fuse A	Pair Corr
0.74	RELL	Richardson Electronics	Pair Corr

Moving against Paymentus Stock

0.76	JBL	Jabil Circuit	Pair Corr
0.71	NOK	Nokia Corp ADR	Pair Corr
0.65	FKWL	Franklin Wireless Corp	Pair Corr
0.59	CLS	Celestica	Pair Corr
0.56	CDW	CDW Corp	Pair Corr
0.47	FLEX	Flex	Pair Corr
0.31	HPE	Hewlett Packard Ente Earnings Call Tomorrow	Pair Corr
0.66	ADTN	ADTRAN Inc	Pair Corr
0.62	AUDC	AudioCodes	Pair Corr
0.62	CLFD	Clearfield	Pair Corr
0.61	CIEN	Ciena Corp Earnings Call Next Week	Pair Corr
0.6	TSAT	Telesat Corp	Pair Corr
0.57	AVNW	Aviat Networks	Pair Corr
0.52	NTGR	NETGEAR	Pair Corr
0.48	KVHI	KVH Industries	Pair Corr
0.47	SANM	Sanmina	Pair Corr
0.32	JNPR	Juniper Networks	Pair Corr
0.73	VRRM	Verra Mobility Corp Earnings Call Tomorrow	Pair Corr
0.69	ENFN	Enfusion	Pair Corr
0.56	KD	Kyndryl Holdings Sell-off Trend	Pair Corr
0.53	CSCO	Cisco Systems	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		0.27	0.77	-0.28	0.63	-0.62	0.92	-0.71	0.64	EVTC
BASE	0.0	0.27		0.54	0.43	0.55	-0.05	0.16	-0.45	-0.19	BASE
FLYW	0.0	0.77	0.54		-0.24	0.8	-0.64	0.75	-0.78	0.59	FLYW
IIIV	0.0	-0.28	0.43	-0.24		-0.25	0.76	-0.31	0.1	-0.83	IIIV
ACIW	0.0	0.63	0.55	0.8	-0.25		-0.56	0.63	-0.65	0.53	ACIW
RELY	0.0	-0.62	-0.05	-0.64	0.76	-0.56		-0.64	0.54	-0.86	RELY
EVCM	0.0	0.92	0.16	0.75	-0.31	0.63	-0.64		-0.75	0.67	EVCM
GB	0.0	-0.71	-0.45	-0.78	0.1	-0.65	0.54	-0.75		-0.38	GB
IMXI	0.0	0.64	-0.19	0.59	-0.83	0.53	-0.86	0.67	-0.38		IMXI
	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI

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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

EVCM	+ 0.92	EVTC
ACIW	+ 0.8	FLYW
FLYW	+ 0.77	EVTC
RELY	+ 0.76	IIIV
EVCM	+ 0.75	FLYW
IMXI	+ 0.67	EVCM

High negative correlations

IMXI	- 0.86	RELY
IMXI	- 0.83	IIIV
GB	- 0.78	FLYW
GB	- 0.75	EVCM
GB	- 0.71	EVTC
GB	- 0.65	ACIW

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	1.04	(0.07)	0.00	(0.11)	0.00	0.00	2.06	(2.30)	8.92
BASE	2.03	(0.17)	0.00	(0.16)	0.00	0.00	3.00	(4.38)	25.01
FLYW	2.09	(0.33)	0.00	(0.63)	0.00	0.00	4.26	(4.79)	12.56
IIIV	1.68	0.14	0.07	0.31	2.00	(1.82)	3.97	(3.18)	12.70
ACIW	1.36	(0.10)	0.00	(0.11)	0.00	0.00	2.06	(3.04)	8.75
RELY	1.56	0.37	0.18	0.36	1.76	(1.82)	4.55	(2.47)	12.44
EVCM	1.45	(0.14)	0.00	(0.16)	0.00	0.00	2.72	(3.32)	10.27
GB	2.56	0.48	0.15	1.69	2.81	(2.87)	6.48	(4.64)	22.78
IMXI	1.08	(0.24)	0.00	(0.69)	0.00	0.00	1.62	(2.38)	6.18

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

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