EPAM Systems Correlations

E3M Stock

EUR 155.40 1.35 0.88%

The correlation of EPAM Systems 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.

EPAM Systems Correlation With Market

Poor diversification

The correlation between EPAM Systems and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EPAM Systems and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EPAM Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EPAM Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EPAM Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EPAM Systems to buy it.

Moving together with EPAM Stock

0.67	GZF	Engie SA	Pair Corr
0.66	WAC	Wacker Neuson SE	Pair Corr
0.65	HHX	HAMMONIA Schiffsholding	Pair Corr
0.76	MUM	Mensch und Maschine	Pair Corr
0.75	H3M	Hochschild Mining plc	Pair Corr

Moving against EPAM Stock

0.55	APC	Apple Inc	Pair Corr
0.37	TTO	TTL Beteiligungs und	Pair Corr
0.35	APC	Apple Inc	Pair Corr
0.33	APC8	APPLE INC CDR	Pair Corr
0.82	SOBA	ATT Inc	Pair Corr
0.38	BDD	CONICO LTD Split	Pair Corr
0.37	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	18M	QN0	20Y	D9D	SFN	PZX	7XJ
18M		-0.06	0.51	-0.32	-0.26	0.42	0.31	18M
QN0	-0.06		-0.39	-0.26	-0.27	-0.51	0.03	QN0
20Y	0.51	-0.39		-0.27	0.21	0.73	0.48	20Y
D9D	-0.32	-0.26	-0.27		0.02	-0.34	-0.45	D9D
SFN	-0.26	-0.27	0.21	0.02		0.48	-0.06	SFN
PZX	0.42	-0.51	0.73	-0.34	0.48		0.17	PZX
7XJ	0.31	0.03	0.48	-0.45	-0.06	0.17		7XJ
	18M	QN0	20Y	D9D	SFN	PZX	7XJ

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

PZX	+ 0.73	20Y
20Y	+ 0.51	18M
7XJ	+ 0.48	20Y
PZX	+ 0.48	SFN
PZX	+ 0.42	18M
7XJ	+ 0.31	18M

High negative correlations

PZX	- 0.51	QN0
7XJ	- 0.45	D9D
20Y	- 0.39	QN0
PZX	- 0.34	D9D
D9D	- 0.32	18M
D9D	- 0.27	20Y

Risk-Adjusted Indicators

There is a big difference between EPAM Stock performing well and EPAM Systems 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 EPAM Systems' 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
18M	1.85	(0.03)	0.00	(0.04)	0.00	0.00	4.23	(4.73)	12.21
QN0	1.84	0.08	0.01	(0.64)	2.07	(2.37)	3.60	(4.27)	9.68
20Y	1.46	0.22	0.08	0.97	1.84	(1.65)	3.32	(1.96)	11.09
D9D	2.16	(0.21)	0.00	(0.75)	0.00	0.00	5.13	(4.29)	14.19
SFN	1.03	0.24	0.14	1.30	0.81	(1.62)	3.08	(2.22)	6.96
PZX	1.29	0.36	0.18	(2.43)	1.12	(1.49)	3.30	(2.29)	8.69
7XJ	1.58	0.07	(0.01)	(0.08)	1.56	(2.23)	3.96	(2.86)	7.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in EPAM Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Analyst Advice Now

Analyst Advice

Analyst recommendations and target price estimates broken down by several categories

All Next

Launch Module

EPAM Systems Corporate Management

Elected by the shareholders, the EPAM Systems' board of directors comprises two types of representatives: EPAM Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EPAM. The board's role is to monitor EPAM Systems' management team and ensure that shareholders' interests are well served. EPAM Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, EPAM Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.

Edward JD	General VP	Profile
Sam Rehman	VP Officer	Profile
Yuriy Goliyad	Head VP	Profile
Lawrence Solomon	Senior Officer	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

2026 Macroaxis LLC