Evertec Correlations

EVTC Stock

USD 27.02 0.35 1.28%

The current 90-days correlation between Evertec and Teradata Corp is 0.21 (i.e., Modest diversification). The correlation of Evertec 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.

Evertec Correlation With Market

Weak diversification

The correlation between Evertec and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evertec and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Evertec Stock

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

For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.

Moving against Evertec Stock

0.37	T	ATT Inc Aggressive Push	Pair Corr
0.34	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TDC	NTCT	CSGS	MQ	EVCM	PGY	CXM	ODD	PLUS
TDC		0.16	-0.16	0.33	0.39	0.08	0.34	0.13	0.55	TDC
NTCT	0.16		0.17	-0.08	0.4	0.06	0.0	-0.13	-0.16	NTCT
CSGS	-0.16	0.17		-0.74	0.21	-0.35	-0.76	-0.84	-0.27	CSGS
MQ	0.33	-0.08	-0.74		-0.2	0.61	0.81	0.75	0.39	MQ
EVCM	0.39	0.4	0.21	-0.2		-0.28	0.06	-0.23	-0.16	EVCM
PGY	0.08	0.06	-0.35	0.61	-0.28		0.67	0.62	-0.04	PGY
CXM	0.34	0.0	-0.76	0.81	0.06	0.67		0.82	0.14	CXM
ODD	0.13	-0.13	-0.84	0.75	-0.23	0.62	0.82		0.15	ODD
PLUS	0.55	-0.16	-0.27	0.39	-0.16	-0.04	0.14	0.15		PLUS
	TDC	NTCT	CSGS	MQ	EVCM	PGY	CXM	ODD	PLUS

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

ODD	+ 0.82	CXM
CXM	+ 0.81	MQ
ODD	+ 0.75	MQ
CXM	+ 0.67	PGY
ODD	+ 0.62	PGY
PGY	+ 0.61	MQ

High negative correlations

ODD	- 0.84	CSGS
CXM	- 0.76	CSGS
MQ	- 0.74	CSGS
PGY	- 0.35	CSGS
PGY	- 0.28	EVCM
PLUS	- 0.27	CSGS

Risk-Adjusted Indicators

There is a big difference between Evertec Stock performing well and Evertec 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 Evertec'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
TDC	2.22	0.35	0.15	0.38	2.04	(2.51)	4.26	(3.67)	39.70
NTCT	1.45	(0.07)	(0.04)	0.01	1.89	(1.51)	2.52	(3.31)	11.85
CSGS	0.25	0.03	(0.15)	0.45	0.19	(0.28)	0.52	(0.59)	3.08
MQ	1.78	(0.17)	0.00	(0.06)	0.00	0.00	5.44	(3.36)	14.05
EVCM	2.77	(0.07)	(0.02)	(0.01)	4.76	(2.77)	4.95	(5.82)	22.27
PGY	3.64	(0.70)	0.00	(0.12)	0.00	0.00	8.51	(8.21)	22.52
CXM	1.47	(0.40)	0.00	(1.84)	0.00	0.00	2.65	(4.61)	10.05
ODD	2.38	(0.63)	0.00	(0.46)	0.00	0.00	4.52	(5.12)	18.82
PLUS	1.58	0.19	0.13	0.23	1.39	(1.87)	3.71	(2.34)	19.34

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