Evertec Correlations

EVTC Stock

USD 29.56 0.19 0.65%

The current 90-days correlation between Evertec and Teradata Corp is 0.19 (i.e., Average 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 weak diversification

The correlation between Evertec and DJI is 0.43 (i.e., Very 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 persons.

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

Moving together with Evertec Stock

0.83	FISV	Fiserv, Common Stock Symbol Change	Pair Corr
0.72	GPN	Global Payments	Pair Corr
0.83	PAYO	Payoneer Global Potential Growth	Pair Corr
0.62	PRTH	Priority Technology	Pair Corr
0.78	SEZL	Sezzle Inc	Pair Corr

Moving against Evertec Stock

0.7	CURR	Currenc Group Ordinary Tech Boost	Pair Corr
0.64	WU	Western Union	Pair Corr
0.5	JKHY	Jack Henry Associates	Pair Corr
0.9	AVAL	Grupo Aval	Pair Corr
0.8	SSAAF	SSAB AB	Pair Corr
0.79	BCH	Banco De Chile	Pair Corr
0.74	SHG	Shinhan Financial	Pair Corr
0.45	KB	KB Financial Group	Pair Corr
0.45	GDYN	Grid Dynamics Holdings	Pair Corr
0.44	TFSL	TFS Financial	Pair Corr
0.32	VELO	Velo3D, Tech Boost	Pair Corr

Related Correlations Analysis

	TDC	RAMP	NTCT	PGY	PAYO	FIVN	PLUS	MQ	PRGS	DV
TDC		0.84	0.55	-0.71	-0.51	-0.65	0.92	0.0	-0.35	-0.48	TDC
RAMP	0.84		0.66	-0.53	-0.37	-0.51	0.84	0.11	-0.27	-0.38	RAMP
NTCT	0.55	0.66		-0.41	-0.37	-0.19	0.44	-0.17	-0.06	-0.24	NTCT
PGY	-0.71	-0.53	-0.41		0.83	0.83	-0.76	0.51	0.37	0.69	PGY
PAYO	-0.51	-0.37	-0.37	0.83		0.8	-0.55	0.6	0.46	0.81	PAYO
FIVN	-0.65	-0.51	-0.19	0.83	0.8		-0.76	0.36	0.37	0.84	FIVN
PLUS	0.92	0.84	0.44	-0.76	-0.55	-0.76		-0.08	-0.43	-0.61	PLUS
MQ	0.0	0.11	-0.17	0.51	0.6	0.36	-0.08		0.0	0.43	MQ
PRGS	-0.35	-0.27	-0.06	0.37	0.46	0.37	-0.43	0.0		0.43	PRGS
DV	-0.48	-0.38	-0.24	0.69	0.81	0.84	-0.61	0.43	0.43		DV
	TDC	RAMP	NTCT	PGY	PAYO	FIVN	PLUS	MQ	PRGS	DV

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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

PLUS	+ 0.92	TDC
RAMP	+ 0.84	TDC
PLUS	+ 0.84	RAMP
DV	+ 0.84	FIVN
PAYO	+ 0.83	PGY
FIVN	+ 0.83	PGY

High negative correlations

PLUS	- 0.76	FIVN
PLUS	- 0.76	PGY
PGY	- 0.71	TDC
FIVN	- 0.65	TDC
DV	- 0.61	PLUS
PLUS	- 0.55	PAYO

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	2.23	0.45	0.20	0.36	1.92	(2.59)	4.38	(4.07)	36.67
RAMP	1.49	0.04	0.02	0.12	1.72	(1.57)	2.56	(3.10)	9.98
NTCT	1.35	0.05	0.02	0.12	1.64	(1.47)	2.52	(3.06)	11.36
PGY	3.62	(0.91)	0.00	(0.19)	0.00	0.00	6.76	(8.60)	22.52
PAYO	1.52	(0.32)	0.00	(0.15)	0.00	0.00	2.76	(3.81)	9.39
FIVN	2.15	(0.53)	0.00	(0.19)	0.00	0.00	4.42	(5.43)	12.70
PLUS	1.54	0.23	0.17	0.22	1.38	(1.87)	3.32	(2.65)	19.34
MQ	1.73	(0.22)	0.00	(0.22)	0.00	0.00	2.60	(4.17)	14.05
PRGS	1.40	(0.02)	0.00	0.05	2.07	(1.37)	3.00	(2.10)	12.09
DV	1.66	(0.12)	0.00	(0.06)	0.00	0.00	3.14	(3.40)	17.80

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