Evertec Correlations

EVTC Stock

USD 28.31 2.54 9.86%

The current 90-days correlation between Evertec and Teradata Corp is 0.08 (i.e., Significant 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

Very good diversification

The correlation between Evertec and DJI is -0.37 (i.e., Very good 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 population.

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

Moving together with Evertec Stock

0.63	MA	Mastercard	Pair Corr
0.7	FISV	Fiserv Common Stock Symbol Change	Pair Corr
0.8	FLYW	Flywire Corp Tech Boost	Pair Corr
0.72	DLO	Dlocal	Pair Corr
0.82	FIS	Fidelity National Sell-off Trend	Pair Corr
0.7	PAY	Paymentus Holdings	Pair Corr
0.84	JKHY	Jack Henry Associates	Pair Corr
0.84	KLAR	Klarna Group plc	Pair Corr
0.79	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.84	TOST	Toast Inc	Pair Corr
0.65	CHYM	Chime Financial Class	Pair Corr

Moving against Evertec Stock

0.62	STNE	StoneCo	Pair Corr
0.34	WU	Western Union Normal Trading	Pair Corr
0.33	RELY	Remitly Global	Pair Corr
0.79	OGE	OGE Energy	Pair Corr
0.78	PSPSF	PSP Swiss Property	Pair Corr
0.7	QNBC	QNB Corp	Pair Corr
0.68	BHPLF	BHP Group Limited	Pair Corr
0.63	TMHC	Taylor Morn Home	Pair Corr
0.62	KEP	Korea Electric Power	Pair Corr
0.44	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.44	MLSPF	Melrose Industries PLC	Pair Corr

Related Correlations Analysis

	TDC	NTCT	CSGS	MQ	EVCM	PGY	CXM	ODD	PLUS
TDC		0.42	-0.03	0.0	0.17	-0.16	0.01	-0.06	-0.17	TDC
NTCT	0.42		0.46	-0.61	0.07	-0.76	-0.65	-0.65	-0.63	NTCT
CSGS	-0.03	0.46		-0.82	0.04	-0.57	-0.81	-0.77	-0.68	CSGS
MQ	0.0	-0.61	-0.82		0.14	0.81	0.94	0.88	0.79	MQ
EVCM	0.17	0.07	0.04	0.14		0.17	0.22	-0.03	0.11	EVCM
PGY	-0.16	-0.76	-0.57	0.81	0.17		0.9	0.81	0.8	PGY
CXM	0.01	-0.65	-0.81	0.94	0.22	0.9		0.84	0.82	CXM
ODD	-0.06	-0.65	-0.77	0.88	-0.03	0.81	0.84		0.82	ODD
PLUS	-0.17	-0.63	-0.68	0.79	0.11	0.8	0.82	0.82		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

CXM	+ 0.94	MQ
CXM	+ 0.9	PGY
ODD	+ 0.88	MQ
ODD	+ 0.84	CXM
PLUS	+ 0.82	CXM
PLUS	+ 0.82	ODD

High negative correlations

MQ	- 0.82	CSGS
CXM	- 0.81	CSGS
ODD	- 0.77	CSGS
PGY	- 0.76	NTCT
PLUS	- 0.68	CSGS
ODD	- 0.65	NTCT

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	2.49	0.42	0.07	(0.27)	3.28	(2.60)	4.38	(3.77)	41.05
NTCT	1.28	0.09	0.06	0.17	1.57	(1.43)	2.63	(2.24)	9.24
CSGS	0.23	0.03	(0.13)	0.77	0.17	(0.26)	0.52	(0.55)	3.33
MQ	1.73	(0.41)	0.00	(0.23)	0.00	0.00	2.55	(3.54)	13.03
EVCM	2.64	0.43	0.13	0.40	3.03	(3.08)	5.01	(4.86)	20.26
PGY	3.82	(1.14)	0.00	(0.24)	0.00	0.00	8.02	(9.05)	35.83
CXM	1.78	(0.36)	0.00	(0.30)	0.00	0.00	3.05	(5.11)	10.75
ODD	3.49	(1.53)	0.00	(1.03)	0.00	0.00	4.56	(6.58)	60.00
PLUS	1.32	(0.27)	0.00	(0.15)	0.00	0.00	2.68	(2.65)	7.58

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