EGain Correlations

EGAN Stock

USD 10.00 0.60 6.38%

The current 90-days correlation between eGain and Mitek Systems is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EGain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eGain moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EGain Correlation With Market

Very good diversification

The correlation between eGain and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eGain and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EGain Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eGain. 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.

To learn how to invest in EGain Stock, please use our How to Invest in EGain guide.

Moving together with EGain Stock

0.67	PD	Pagerduty	Pair Corr
0.65	DOMO	Domo Inc	Pair Corr
0.75	ESTC	Elastic NV	Pair Corr
0.7	TTD	Trade Desk	Pair Corr
0.69	MNDY	MondayCom Earnings Call Tomorrow	Pair Corr
0.76	PHUN	Phunware	Pair Corr
0.62	DDOG	Datadog Earnings Call This Week	Pair Corr

Moving against EGain Stock

0.35	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.32	ASUR	Asure Software	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.67	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.52	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.4	KO	Coca Cola Aggressive Push	Pair Corr
0.38	CAT	Caterpillar	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	MITK	RMNI	LAW	PUBM	MTLS	CMRC	IMXI	GRRR	GDEV	BGIN
MITK		-0.19	0.02	-0.33	-0.56	-0.58	0.74	-0.41	-0.54	-0.24	MITK
RMNI	-0.19		0.82	0.73	0.42	0.77	-0.25	0.17	0.04	0.05	RMNI
LAW	0.02	0.82		0.7	0.08	0.5	0.07	-0.08	-0.22	-0.32	LAW
PUBM	-0.33	0.73	0.7		0.45	0.78	-0.38	-0.02	0.12	-0.25	PUBM
MTLS	-0.56	0.42	0.08	0.45		0.67	-0.71	0.52	0.58	0.35	MTLS
CMRC	-0.58	0.77	0.5	0.78	0.67		-0.69	0.14	0.37	0.11	CMRC
IMXI	0.74	-0.25	0.07	-0.38	-0.71	-0.69		-0.24	-0.68	-0.37	IMXI
GRRR	-0.41	0.17	-0.08	-0.02	0.52	0.14	-0.24		0.46	0.6	GRRR
GDEV	-0.54	0.04	-0.22	0.12	0.58	0.37	-0.68	0.46		0.51	GDEV
BGIN	-0.24	0.05	-0.32	-0.25	0.35	0.11	-0.37	0.6	0.51		BGIN
	MITK	RMNI	LAW	PUBM	MTLS	CMRC	IMXI	GRRR	GDEV	BGIN

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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

LAW	+ 0.82	RMNI
CMRC	+ 0.78	PUBM
CMRC	+ 0.77	RMNI
IMXI	+ 0.74	MITK
PUBM	+ 0.73	RMNI
PUBM	+ 0.7	LAW

High negative correlations

IMXI	- 0.71	MTLS
IMXI	- 0.69	CMRC
GDEV	- 0.68	IMXI
CMRC	- 0.58	MITK
MTLS	- 0.56	MITK
GDEV	- 0.54	MITK

Risk-Adjusted Indicators

There is a big difference between EGain Stock performing well and EGain 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 EGain'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
MITK	2.00	0.30	0.15	0.25	2.06	(2.35)	3.42	(4.01)	15.38
RMNI	1.60	(0.35)	0.00	(0.19)	0.00	0.00	2.81	(3.72)	9.53
LAW	2.83	(0.64)	0.00	(0.50)	0.00	0.00	6.96	(7.18)	26.11
PUBM	2.87	(0.42)	0.00	(0.09)	0.00	0.00	3.58	(6.23)	56.16
MTLS	2.09	(0.35)	0.00	(0.19)	0.00	0.00	5.02	(3.78)	13.68
CMRC	2.07	(0.80)	0.00	(0.31)	0.00	0.00	3.80	(6.58)	17.34
IMXI	0.19	0.05	(0.14)	0.80	0.00	(0.26)	0.40	(0.33)	1.45
GRRR	3.98	(0.54)	0.00	(0.18)	0.00	0.00	9.43	(7.86)	24.43
GDEV	5.16	(0.14)	0.00	0.20	0.00	0.00	12.02	(11.22)	58.11
BGIN	4.07	(0.46)	0.00	(0.15)	0.00	0.00	8.37	(9.71)	25.24

EGain Corporate Management

Promod Narang	Sr. VP of Products and Engineering	Profile
Sam Hahn	VP Technology	Profile
Ian Jones	Head Solutions	Profile
Vishal Nehru	Senior Success	Profile
Stanley JD	Secretary	Profile
Anand Subramaniam	Senior Marketing	Profile

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