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 0.17 (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

0.89	BAC	Bank of America Aggressive Push	Pair Corr
0.89	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.79	DIS	Walt Disney Sell-off Trend	Pair Corr
0.78	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.87	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.68	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Ebix Stock

0.93	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.9	KO	Coca Cola Aggressive Push	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.69	AFFL	Affiliated Resources Corp	Pair Corr
0.57	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.31	NTME	NetMed Inc	Pair Corr

Related Correlations Analysis

	MNTV	ENFN	LAW	MIXT	ONTF	BLKB	ETWO	MODN	CVT	CVLT
MNTV		0.47	0.34	-0.49	-0.06	0.1	-0.38	0.63	0.55	0.16	MNTV
ENFN	0.47		0.34	-0.68	0.57	0.31	-0.57	0.68	0.85	0.67	ENFN
LAW	0.34	0.34		-0.59	0.26	0.15	-0.4	0.67	0.47	0.18	LAW
MIXT	-0.49	-0.68	-0.59		-0.43	0.02	0.83	-0.69	-0.88	-0.5	MIXT
ONTF	-0.06	0.57	0.26	-0.43		0.44	-0.44	0.32	0.55	0.58	ONTF
BLKB	0.1	0.31	0.15	0.02	0.44		-0.06	0.22	0.15	0.0	BLKB
ETWO	-0.38	-0.57	-0.4	0.83	-0.44	-0.06		-0.54	-0.79	-0.37	ETWO
MODN	0.63	0.68	0.67	-0.69	0.32	0.22	-0.54		0.7	0.35	MODN
CVT	0.55	0.85	0.47	-0.88	0.55	0.15	-0.79	0.7		0.57	CVT
CVLT	0.16	0.67	0.18	-0.5	0.58	0.0	-0.37	0.35	0.57		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	+ 0.85	ENFN
ETWO	+ 0.83	MIXT
CVT	+ 0.7	MODN
MODN	+ 0.68	ENFN
CVLT	+ 0.67	ENFN
MODN	+ 0.67	LAW

High negative correlations

CVT	- 0.88	MIXT
CVT	- 0.79	ETWO
MODN	- 0.69	MIXT
MIXT	- 0.68	ENFN
MIXT	- 0.59	LAW
ETWO	- 0.57	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	0.48	1.96	5.15	0.00	(1.77)	0.43	(0.21)	20.63
ENFN	1.60	0.19	0.12	0.30	1.49	(1.95)	3.93	(2.90)	10.11
LAW	1.43	(0.09)	0.00	0.07	1.85	(1.56)	3.61	(3.18)	10.45
MIXT	2.00	(0.17)	0.00	(3.42)	0.00	0.00	3.52	(3.34)	12.12
ONTF	1.64	(0.12)	(0.02)	0.06	1.95	(1.80)	3.04	(3.03)	11.36
BLKB	1.37	(0.15)	(0.02)	0.04	2.98	(1.32)	2.93	(2.52)	18.39
ETWO	2.30	(0.75)	0.00	(0.20)	0.00	0.00	3.33	(5.33)	24.64
MODN	0.50	0.13	0.04	0.70	0.29	(0.69)	1.01	(0.50)	10.58
CVT	0.13	0.02	(0.45)	1.84	0.00	(0.18)	0.24	(0.24)	1.07
CVLT	2.06	0.03	0.04	0.14	2.72	(2.20)	4.06	(4.03)	28.40

View Ebix Related Equities

Momentive Global Enfusion CS Disco LLC Mix Telemats ON24 Inc Blackbaud E2open Parent Holdings Model N Cvent Holding Corp CommVault Systems Envestnet Manhattan Associates Agilysys Aspen Technology Paycor HCM

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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