Ebix Correlations

Summary

EBIXDelisted Stock

USD 27.20 1.04 3.98%

The current 90-days correlation between Ebix Inc and Momentive Global is -0.18 (i.e., Good diversification). The correlation of Ebix 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.

Ebix Correlation With Market

Average diversification

The correlation between Ebix Inc and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ebix Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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.

Moving together with Ebix Stock

0.79	MNPR	Monopar Therapeutics	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.74	AXP	American Express	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr

Moving against Ebix Stock

0.85	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.81	INTC	Intel	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.67	ZTLLF	Zonetail	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.55	VZ	Verizon Communications	Pair Corr
0.49	KO	Coca Cola Earnings Call This Week	Pair Corr
0.33	CAT	Caterpillar Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MNTV	ENFN	LAW	MIXT	ONTF	BLKB	ETWO	MODN	CVT	CVLT
MNTV		0.5	-0.24	-0.49	0.26	-0.44	-0.25	0.63	0.55	0.49	MNTV
ENFN	0.5		-0.52	-0.75	0.57	-0.43	-0.61	0.74	0.88	0.07	ENFN
LAW	-0.24	-0.52		0.75	0.12	0.57	0.85	-0.39	-0.75	0.44	LAW
MIXT	-0.49	-0.75	0.75		-0.33	0.7	0.74	-0.69	-0.88	0.19	MIXT
ONTF	0.26	0.57	0.12	-0.33		0.0	0.08	0.56	0.38	0.35	ONTF
BLKB	-0.44	-0.43	0.57	0.7	0.0		0.75	-0.23	-0.6	0.42	BLKB
ETWO	-0.25	-0.61	0.85	0.74	0.08	0.75		-0.33	-0.77	0.5	ETWO
MODN	0.63	0.74	-0.39	-0.69	0.56	-0.23	-0.33		0.7	0.34	MODN
CVT	0.55	0.88	-0.75	-0.88	0.38	-0.6	-0.77	0.7		-0.11	CVT
CVLT	0.49	0.07	0.44	0.19	0.35	0.42	0.5	0.34	-0.11		CVLT
	MNTV	ENFN	LAW	MIXT	ONTF	BLKB	ETWO	MODN	CVT	CVLT

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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

CVT	+ 0.88	ENFN
ETWO	+ 0.85	LAW
MIXT	+ 0.75	LAW
ETWO	+ 0.75	BLKB
MODN	+ 0.74	ENFN
ETWO	+ 0.74	MIXT

High negative correlations

CVT	- 0.88	MIXT
CVT	- 0.77	ETWO
CVT	- 0.75	LAW
MIXT	- 0.75	ENFN
MODN	- 0.69	MIXT
ETWO	- 0.61	ENFN

Risk-Adjusted Indicators

There is a big difference between Ebix Stock performing well and Ebix 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 Ebix's 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
MNTV	0.90	0.53	2.16	(1.28)	0.00	(1.77)	0.43	(0.21)	20.63
ENFN	1.65	0.31	0.12	1.48	1.86	(1.99)	3.77	(3.40)	9.86
LAW	2.09	(0.14)	0.00	3.65	0.00	0.00	5.12	(4.79)	17.13
MIXT	2.00	(0.19)	0.00	(0.73)	0.00	0.00	3.52	(3.34)	12.12
ONTF	1.43	0.09	0.04	0.20	1.88	(1.57)	2.99	(3.03)	13.36
BLKB	1.50	(0.21)	0.00	(0.20)	0.00	0.00	2.83	(2.68)	16.55
ETWO	2.00	(0.24)	0.00	(0.15)	0.00	0.00	5.20	(3.51)	17.11
MODN	0.50	0.16	0.09	(24.75)	0.29	(0.69)	1.01	(0.50)	10.58
CVT	0.13	0.02	(0.29)	(3.31)	0.00	(0.18)	0.24	(0.24)	1.07
CVLT	2.17	0.26	0.09	0.52	2.34	(2.62)	4.24	(4.44)	32.23

View Ebix Related Equities

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Risk & Return

Correlation

Ebix Corporate Management

Steven Hamil	Corp CFO	Profile
Ash Sawhney	Pres America	Profile
Charles Harrell	Compliance Officer	Profile
Darren Joseph	Corp HR	Profile
Chris Eddy	Investor Contact	Profile

Still Interested in Ebix Inc?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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