Repay Holdings Correlations

RPAY Stock

USD 5.74 0.04 0.69%

The correlation of Repay 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.

Repay Holdings Correlation With Market

Very weak diversification

The correlation between Repay Holdings Corp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Repay Holdings Corp 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 Repay Holdings Corp. 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.

Moving together with Repay Stock

0.81	BCO	Brinks Company	Pair Corr
0.78	BRC	Brady	Pair Corr
0.8	CIX	CompX International	Pair Corr
0.71	FOUR	Shift4 Payments	Pair Corr
0.8	DLX	Deluxe	Pair Corr
0.82	FVRR	Fiverr International	Pair Corr
0.63	KBR	KBR Inc	Pair Corr
0.89	MSA	MSA Safety	Pair Corr
0.74	MATW	Matthews International	Pair Corr
0.61	EVGOW	EVgo Equity Warrants	Pair Corr
0.73	ASGN	ASGN Inc	Pair Corr
0.71	TTEK	Tetra Tech	Pair Corr
0.83	CLVT	CLARIVATE PLC	Pair Corr
0.8	CMPR	Cimpress NV	Pair Corr
0.83	J	Jacobs Solutions	Pair Corr
0.77	R	Ryder System	Pair Corr
0.67	BA	Boeing	Pair Corr
0.84	BV	BrightView Holdings	Pair Corr
0.84	BW	Babcock Wilcox Enter	Pair Corr
0.68	CW	Curtiss Wright	Pair Corr
0.77	DY	Dycom Industries	Pair Corr
0.91	FA	First Advantage Corp	Pair Corr
0.82	FC	Franklin Covey Earnings Call Tomorrow	Pair Corr

Moving against Repay Stock

0.54	GDS	GDS Holdings Earnings Call Today	Pair Corr
0.53	WNS	WNS Holdings	Pair Corr
0.5	MG	Mistras Group	Pair Corr
0.41	G	Genpact Limited	Pair Corr
0.89	BZ	Kanzhun Ltd ADR	Pair Corr
0.63	PC	Premium Catering	Pair Corr
0.6	EH	Ehang Holdings	Pair Corr
0.6	LZ	LegalZoom	Pair Corr
0.46	DE	Deere Company	Pair Corr
0.43	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	LVOX	GB	RKNEF	SANG	EVTC	NTCT	MRDB	ESMT	CCSI
LVOX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LVOX
GB	0.0		0.16	-0.21	0.13	-0.37	0.0	0.0	-0.24	GB
RKNEF	0.0	0.16		0.1	-0.36	0.51	0.0	0.0	0.66	RKNEF
SANG	0.0	-0.21	0.1		-0.77	0.33	0.0	0.0	0.23	SANG
EVTC	0.0	0.13	-0.36	-0.77		-0.52	0.0	0.0	-0.43	EVTC
NTCT	0.0	-0.37	0.51	0.33	-0.52		0.0	0.0	0.82	NTCT
MRDB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MRDB
ESMT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ESMT
CCSI	0.0	-0.24	0.66	0.23	-0.43	0.82	0.0	0.0		CCSI
	LVOX	GB	RKNEF	SANG	EVTC	NTCT	MRDB	ESMT	CCSI

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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

CCSI	+ 0.82	NTCT
CCSI	+ 0.66	RKNEF
NTCT	+ 0.51	RKNEF
NTCT	+ 0.33	SANG
CCSI	+ 0.23	SANG
RKNEF	+ 0.16	GB

High negative correlations

EVTC	- 0.77	SANG
NTCT	- 0.52	EVTC
CCSI	- 0.43	EVTC
NTCT	- 0.37	GB
EVTC	- 0.36	RKNEF
CCSI	- 0.24	GB

Risk-Adjusted Indicators

There is a big difference between Repay Stock performing well and Repay 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 Repay 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
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GB	1.78	0.34	0.17	3.93	1.74	(2.15)	3.86	(3.54)	18.44
RKNEF	3.44	0.89	0.07	1.21	3.71	(17.07)	9.66	(9.77)	68.60
SANG	2.50	(0.38)	0.00	(0.47)	0.00	0.00	5.83	(5.86)	16.89
EVTC	1.25	0.14	0.12	0.20	1.33	(1.53)	2.03	(1.85)	18.48
NTCT	1.42	0.02	0.00	(0.05)	0.00	0.00	2.20	(3.31)	16.99
MRDB	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
CCSI	1.99	0.09	0.02	0.00	3.01	(1.83)	4.01	(4.21)	20.81

Repay Holdings Corporate Management

Susan Perlmutter	Chief Officer	Profile
Erik Skinner	Senior Executive	Profile
Tyler JD	General Secretary	Profile
Stewart Grisante	Head Relations	Profile
Alexander Cohen	Executive Strategy	Profile
Tyler Dempsey	General Secretary	Profile
Jacob Moore	Executive Payments	Profile

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