Everi Holdings Correlations

EVRI Stock

USD 13.61 0.01 0.07%

The current 90-days correlation between Everi Holdings and Accel Entertainment is -0.13 (i.e., Good 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

Significant diversification

The correlation between Everi Holdings and DJI is 0.04 (i.e., Significant 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	BH	Biglari Holdings	Pair Corr
0.85	DRI	Darden Restaurants	Pair Corr
0.68	PBPB	Potbelly	Pair Corr
0.77	RICK	RCI Hospitality Holdings Earnings Call Next Week	Pair Corr
0.67	ARKR	Ark Restaurants Corp	Pair Corr
0.87	BROS	Dutch Bros Buyout Trend	Pair Corr
0.75	CAKE	The Cheesecake Factory	Pair Corr

Moving against Everi Stock

0.92	WEN	The Wendys	Pair Corr
0.85	GENK	GEN Restaurant Group,	Pair Corr
0.85	PZZA	Papa Johns International	Pair Corr
0.84	PNST	Pinstripes Holdings	Pair Corr
0.8	QSR	Restaurant Brands	Pair Corr
0.79	PLAY	Dave Busters Enterta	Pair Corr
0.78	JACK	Jack In	Pair Corr
0.68	WING	Wingstop	Pair Corr
0.65	LOCO	El Pollo Loco	Pair Corr
0.64	SG	Sweetgreen Buyout Trend	Pair Corr
0.62	NATH	Nathans Famous Earnings Call Tomorrow	Pair Corr
0.51	KRUS	Kura Sushi USA	Pair Corr
0.49	RAVE	Rave Restaurant Group Earnings Call Tomorrow	Pair Corr
0.46	MCD	McDonalds Earnings Call This Week	Pair Corr
0.45	YUM	Yum Brands Earnings Call This Week	Pair Corr
0.39	DIN	Dine Brands Global	Pair Corr
0.31	BDL	Flanigans Enterprises	Pair Corr
0.76	CHSN	Chanson International	Pair Corr
0.74	BBY	Best Buy	Pair Corr
0.73	BLMN	Bloomin Brands	Pair Corr
0.63	FLXS	Flexsteel Industries Earnings Call This Week	Pair Corr
0.62	CAVA	CAVA Group, Buyout Trend	Pair Corr
0.54	TXRH	Texas Roadhouse	Pair Corr
0.48	DENN	Dennys Corp	Pair Corr
0.4	EDU	New Oriental Education	Pair Corr
0.36	VSTA	Vasta Platform	Pair Corr
0.34	IH	Ihuman Inc	Pair Corr

Related Correlations Analysis

	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC
ACEL		0.81	0.72	0.65	-0.21	0.66	0.0	0.79	-0.32	-0.21	ACEL
LNW	0.81		0.81	0.7	-0.14	0.8	0.0	0.75	-0.63	-0.43	LNW
INSE	0.72	0.81		0.72	0.2	0.6	0.0	0.58	-0.69	-0.6	INSE
IGT	0.65	0.7	0.72		-0.29	0.49	0.0	0.62	-0.63	-0.53	IGT
AGS	-0.21	-0.14	0.2	-0.29		-0.46	0.0	-0.42	-0.04	-0.21	AGS
CHDN	0.66	0.8	0.6	0.49	-0.46		0.0	0.81	-0.6	-0.34	CHDN
NGMS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NGMS
CDRO	0.79	0.75	0.58	0.62	-0.42	0.81	0.0		-0.5	-0.29	CDRO
GAMB	-0.32	-0.63	-0.69	-0.63	-0.04	-0.6	0.0	-0.5		0.71	GAMB
CPHC	-0.21	-0.43	-0.6	-0.53	-0.21	-0.34	0.0	-0.29	0.71		CPHC
	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC

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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

LNW	+ 0.81	ACEL
INSE	+ 0.81	LNW
CDRO	+ 0.81	CHDN
CHDN	+ 0.8	LNW
CDRO	+ 0.79	ACEL
CDRO	+ 0.75	LNW

High negative correlations

GAMB	- 0.69	INSE
GAMB	- 0.63	IGT
GAMB	- 0.63	LNW
GAMB	- 0.6	CHDN
CPHC	- 0.6	INSE
CPHC	- 0.53	IGT

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	1.25	0.01	(0.02)	0.10	1.57	(1.44)	2.98	(2.40)	8.64
LNW	1.32	(0.14)	0.00	(0.13)	0.00	0.00	2.42	(3.06)	13.96
INSE	1.30	0.01	(0.03)	0.11	1.70	(1.38)	2.78	(2.82)	8.58
IGT	1.21	(0.26)	0.00	(1.44)	0.00	0.00	1.81	(2.21)	8.44
AGS	0.24	0.04	(0.11)	(0.53)	0.16	(0.31)	0.52	(0.35)	1.97
CHDN	0.95	(0.22)	0.00	(0.47)	0.00	0.00	1.43	(1.77)	9.87
NGMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDRO	1.99	(0.22)	0.00	10.80	0.00	0.00	4.11	(3.84)	15.12
GAMB	2.44	0.73	0.24	(5.00)	2.08	(3.01)	4.22	(3.15)	28.84
CPHC	2.41	0.09	0.01	0.37	2.75	(2.75)	4.77	(5.42)	13.24

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