Evertec Correlations

EVTC Stock

USD 36.06 1.22 3.50%

The current 90-days correlation between Evertec and Lesaka Technologies is -0.18 (i.e., Good 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 0.47 (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.

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 estimate.

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

Moving together with Evertec Stock

0.71	EVCM	EverCommerce	Pair Corr
0.66	FIVN	Five9 Inc	Pair Corr
0.69	FLYW	Flywire Corp	Pair Corr
0.69	GEN	Gen Digital	Pair Corr
0.69	FTNT	Fortinet	Pair Corr

Moving against Evertec Stock

0.65	MQ	Marqeta	Pair Corr
0.58	VHAI	VHAI	Pair Corr
0.39	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.33	VRAR	Glimpse Group	Pair Corr
0.49	TCX	Tucows Inc	Pair Corr
0.46	VHC	VirnetX Holding Corp	Pair Corr

Related Correlations Analysis

	LSAK	CSGS	OSPN	SANG	NTCT	CCSI	SCWX	EVTC	RPAY	RDWR
LSAK		0.36	0.16	0.52	0.45	0.09	0.47	0.06	-0.17	0.44	LSAK
CSGS	0.36		0.73	0.77	0.73	0.69	0.44	0.83	0.32	0.47	CSGS
OSPN	0.16	0.73		0.59	0.61	0.82	0.2	0.71	0.63	0.22	OSPN
SANG	0.52	0.77	0.59		0.6	0.52	0.53	0.58	0.08	0.5	SANG
NTCT	0.45	0.73	0.61	0.6		0.54	0.41	0.6	0.37	0.64	NTCT
CCSI	0.09	0.69	0.82	0.52	0.54		0.23	0.73	0.61	-0.02	CCSI
SCWX	0.47	0.44	0.2	0.53	0.41	0.23		0.26	-0.21	0.34	SCWX
EVTC	0.06	0.83	0.71	0.58	0.6	0.73	0.26		0.45	0.27	EVTC
RPAY	-0.17	0.32	0.63	0.08	0.37	0.61	-0.21	0.45		-0.23	RPAY
RDWR	0.44	0.47	0.22	0.5	0.64	-0.02	0.34	0.27	-0.23		RDWR
	LSAK	CSGS	OSPN	SANG	NTCT	CCSI	SCWX	EVTC	RPAY	RDWR

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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

EVTC	+ 0.83	CSGS
CCSI	+ 0.82	OSPN
SANG	+ 0.77	CSGS
OSPN	+ 0.73	CSGS
NTCT	+ 0.73	CSGS
EVTC	+ 0.73	CCSI

High negative correlations

RDWR	- 0.23	RPAY
RPAY	- 0.21	SCWX
RPAY	- 0.17	LSAK
RDWR	- 0.02	CCSI

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
LSAK	1.98	0.18	0.02	(0.37)	2.62	(2.27)	4.74	(4.21)	18.75
CSGS	1.19	0.15	0.12	0.24	0.95	(1.42)	2.65	(1.83)	10.94
OSPN	1.89	0.09	0.05	0.17	2.17	(2.21)	3.99	(3.60)	18.14
SANG	2.16	0.31	0.10	0.97	2.30	(2.65)	4.95	(3.85)	21.17
NTCT	1.50	(0.08)	0.00	0.05	1.72	(1.60)	3.23	(2.84)	10.35
CCSI	2.25	0.08	0.07	0.12	2.37	(2.66)	6.28	(3.62)	20.68
SCWX	2.46	0.19	0.05	0.27	2.76	(3.37)	7.68	(5.68)	29.19
EVTC	1.13	0.01	0.01	0.10	1.46	(1.17)	2.24	(2.30)	7.50
RPAY	1.69	(0.19)	0.00	(0.02)	0.00	0.00	3.11	(3.56)	15.69
RDWR	1.35	0.00	(0.03)	0.09	1.50	(1.59)	3.33	(2.51)	10.31

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