Everi Holdings Correlations

EVRI Stock

USD 13.74 0.01 0.07%

The current 90-days correlation between Everi Holdings and Accel Entertainment is 0.32 (i.e., Weak diversification). The correlation of Everi Holdings 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.

Everi Holdings Correlation With Market

Average diversification

The correlation between Everi Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everi Holdings 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 Everi Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Everi Stock please use our How to Invest in Everi Holdings guide.

Moving together with Everi Stock

0.7	PRDO	Perdoceo Education Corp Earnings Call This Week	Pair Corr
0.91	APTV	Aptiv PLC	Pair Corr
0.83	EC	Ecopetrol SA ADR	Pair Corr
0.81	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.67	ANET	Arista Networks Earnings Call This Week	Pair Corr
0.74	DUOT	Duos Technologies	Pair Corr
0.87	WMT	Walmart Earnings Call This Week	Pair Corr
0.89	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.75	IBM	International Business	Pair Corr

Moving against Everi Stock

0.89	KSS	Kohls Corp	Pair Corr
0.81	AXL	American Axle Manufa Buyout Trend	Pair Corr
0.79	CNTY	Century Casinos	Pair Corr
0.78	TXRH	Texas Roadhouse	Pair Corr
0.76	F	Ford Motor Aggressive Push	Pair Corr
0.64	HVT	Heavitree Brewery Earnings Call Tomorrow	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.6	MLCO	Melco Resorts Entert Buyout Trend	Pair Corr
0.58	KEP	Korea Electric Power Earnings Call This Week	Pair Corr
0.51	KB	KB Financial Group	Pair Corr
0.47	TLK	Telkom Indonesia Tbk	Pair Corr
0.42	MGM	MGM Resorts International	Pair Corr
0.38	VSCO	Victorias Secret	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.53	INTC	Intel Aggressive Push	Pair Corr
0.44	DD	Dupont De Nemours	Pair Corr
0.4	CAT	Caterpillar Sell-off Trend	Pair Corr
0.32	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC
ACEL		0.8	0.74	0.57	0.07	0.33	0.0	0.76	-0.17	-0.27	ACEL
LNW	0.8		0.62	0.75	-0.11	0.55	0.0	0.75	-0.42	-0.36	LNW
INSE	0.74	0.62		0.28	0.55	-0.03	0.0	0.4	-0.16	-0.47	INSE
IGT	0.57	0.75	0.28		-0.53	0.89	0.0	0.73	-0.78	-0.35	IGT
AGS	0.07	-0.11	0.55	-0.53		-0.78	0.0	-0.38	0.39	-0.13	AGS
CHDN	0.33	0.55	-0.03	0.89	-0.78		0.0	0.66	-0.72	-0.23	CHDN
NGMS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NGMS
CDRO	0.76	0.75	0.4	0.73	-0.38	0.66	0.0		-0.33	-0.19	CDRO
GAMB	-0.17	-0.42	-0.16	-0.78	0.39	-0.72	0.0	-0.33		0.45	GAMB
CPHC	-0.27	-0.36	-0.47	-0.35	-0.13	-0.23	0.0	-0.19	0.45		CPHC
	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CHDN	+ 0.89	IGT
LNW	+ 0.8	ACEL
CDRO	+ 0.76	ACEL
IGT	+ 0.75	LNW
CDRO	+ 0.75	LNW
INSE	+ 0.74	ACEL

High negative correlations

CHDN	- 0.78	AGS
GAMB	- 0.78	IGT
GAMB	- 0.72	CHDN
AGS	- 0.53	IGT
CPHC	- 0.47	INSE
GAMB	- 0.42	LNW

Risk-Adjusted Indicators

There is a big difference between Everi Stock performing well and Everi Holdings 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 Everi Holdings' 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
ACEL	1.31	0.05	0.03	0.07	1.60	(1.50)	2.98	(3.06)	7.65
LNW	1.46	(0.07)	0.00	(0.07)	0.00	0.00	2.42	(3.38)	14.43
INSE	1.35	0.08	0.04	0.16	1.75	(1.40)	3.62	(2.94)	8.58
IGT	1.20	(0.27)	0.00	(0.67)	0.00	0.00	1.75	(2.21)	8.39
AGS	0.24	0.05	0.14	(0.90)	0.12	(0.31)	0.52	(0.35)	2.05
CHDN	0.89	(0.26)	0.00	(0.43)	0.00	0.00	1.73	(1.83)	4.86
NGMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDRO	2.30	0.18	0.06	0.45	2.51	(2.90)	4.62	(3.84)	15.12
GAMB	2.50	0.84	0.32	(17.44)	2.09	(2.98)	4.68	(3.15)	28.84
CPHC	2.28	0.13	0.04	0.66	2.66	(2.58)	4.77	(4.57)	13.24

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

2024 Macroaxis LLC