Euronet Worldwide Correlations

EEFT Stock

USD 99.07 1.48 1.52%

The current 90-days correlation between Euronet Worldwide and Evertec is 0.48 (i.e., Very weak diversification). The correlation of Euronet Worldwide 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.

Euronet Worldwide Correlation With Market

Modest diversification

The correlation between Euronet Worldwide and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euronet Worldwide and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Euronet Worldwide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Euronet Stock please use our How to Invest in Euronet Worldwide guide.

Moving together with Euronet Stock

0.71	GFL	Gfl Environmental	Pair Corr
0.68	RBA	RB Global	Pair Corr
0.71	RTO	Rentokil Initial PLC	Pair Corr
0.68	MLKN	MillerKnoll	Pair Corr

Moving against Euronet Stock

0.35	MG	Mistras Group	Pair Corr
0.41	UNF	Unifirst	Pair Corr
0.37	MMS	Maximus Earnings Call This Week	Pair Corr
0.37	HDSN	Hudson Technologies	Pair Corr
0.61	OMEX	Odyssey Marine Explo	Pair Corr
0.47	SMXWW	SMX Public Limited	Pair Corr
0.32	RELX	Relx PLC ADR	Pair Corr
0.31	LNZA	LanzaTech Global	Pair Corr

Related Correlations Analysis

	EVTC	IIIV	ESMT	EVCM	NTCT	CCSI	CSGS	FORG	AVDX	BASE
EVTC		0.21	-0.1	0.9	0.36	0.19	0.53	-0.33	0.7	0.48	EVTC
IIIV	0.21		-0.29	0.13	0.5	0.68	0.62	0.2	0.29	0.57	IIIV
ESMT	-0.1	-0.29		-0.16	0.31	0.22	0.18	0.12	0.42	-0.31	ESMT
EVCM	0.9	0.13	-0.16		0.39	0.18	0.47	-0.46	0.62	0.38	EVCM
NTCT	0.36	0.5	0.31	0.39		0.71	0.78	-0.07	0.71	0.17	NTCT
CCSI	0.19	0.68	0.22	0.18	0.71		0.8	0.08	0.62	0.33	CCSI
CSGS	0.53	0.62	0.18	0.47	0.78	0.8		-0.06	0.84	0.54	CSGS
FORG	-0.33	0.2	0.12	-0.46	-0.07	0.08	-0.06		-0.26	0.17	FORG
AVDX	0.7	0.29	0.42	0.62	0.71	0.62	0.84	-0.26		0.35	AVDX
BASE	0.48	0.57	-0.31	0.38	0.17	0.33	0.54	0.17	0.35		BASE
	EVTC	IIIV	ESMT	EVCM	NTCT	CCSI	CSGS	FORG	AVDX	BASE

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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	+ 0.9	EVTC
AVDX	+ 0.84	CSGS
CSGS	+ 0.8	CCSI
CSGS	+ 0.78	NTCT
CCSI	+ 0.71	NTCT
AVDX	+ 0.71	NTCT

High negative correlations

FORG	- 0.46	EVCM
FORG	- 0.33	EVTC
BASE	- 0.31	ESMT
ESMT	- 0.29	IIIV
AVDX	- 0.26	FORG
EVCM	- 0.16	ESMT

Risk-Adjusted Indicators

There is a big difference between Euronet Stock performing well and Euronet Worldwide 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 Euronet Worldwide'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
EVTC	1.17	(0.05)	0.00	(0.06)	0.00	0.00	2.77	(2.30)	10.78
IIIV	1.45	0.14	0.06	0.34	1.77	(1.59)	3.97	(3.03)	11.13
ESMT	1.57	0.11	0.02	(1.22)	1.90	(1.59)	3.90	(2.93)	9.34
EVCM	1.51	(0.02)	(0.02)	0.03	2.31	(1.49)	3.22	(3.32)	13.03
NTCT	1.41	0.06	0.02	0.17	1.62	(1.44)	2.66	(2.71)	11.69
CCSI	1.88	0.60	0.24	1.45	1.78	(2.15)	4.16	(3.41)	20.68
CSGS	1.22	0.26	0.18	0.43	1.08	(1.42)	2.66	(1.64)	13.96
FORG	0.78	(0.02)	0.00	0.28	0.00	0.00	1.78	(1.49)	6.71
AVDX	1.57	0.39	0.18	1.04	1.63	(1.82)	3.76	(3.16)	18.71
BASE	1.93	0.09	0.02	0.16	4.60	(1.81)	4.96	(2.93)	28.38

Euronet Worldwide Corporate Management

Rick CPA	Chief VP	Profile
Karyn Zaborny	Human VP	Profile
Scott Claassen	General Secretary	Profile
Himanshu Pujara	Senior Payments	Profile
Tony Warren	Managing Software	Profile

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