Shift4 Payments Correlations

FOUR Stock

USD 61.46 2.74 4.27%

The current 90-days correlation between Shift4 Payments and Wex Inc is 0.37 (i.e., Weak diversification). The correlation of Shift4 Payments 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Shift4 Payments Correlation With Market

Very good diversification

The correlation between Shift4 Payments and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shift4 Payments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shift4 Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Shift4 Payments. 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.

To learn how to invest in Shift4 Stock, please use our How to Invest in Shift4 Payments guide.

Moving against Shift4 Stock

0.42	MBFJF	Mitsubishi UFJ Financial Earnings Call Next Week	Pair Corr
0.65	CMCSA	Comcast Corp Earnings Call This Week	Pair Corr
0.55	ZIJMY	Zijin Mining Group	Pair Corr
0.54	VZLA	Vizsla Resources Corp	Pair Corr
0.48	KNYJF	KONE Oyj	Pair Corr
0.47	SRMMF	Sarama Resources	Pair Corr
0.37	FLNC	Fluence Energy Earnings Call Next Week	Pair Corr
0.36	QEPC	QEP Co Inc	Pair Corr
0.55	NHYDY	Norsk Hydro ASA	Pair Corr
0.54	RAIL	Freightcar America	Pair Corr
0.44	NBPVF	NB Private Equity	Pair Corr
0.4	EGMCF	Emgold Mining	Pair Corr
0.31	AUSDF	Perenti Global	Pair Corr

Related Correlations Analysis

	WEX	EXLS	S	ACIW	DLB	BOX	QLYS	CORZ	ONTO	CVLT
WEX		0.65	-0.33	-0.13	-0.45	-0.28	-0.38	0.31	0.84	-0.32	WEX
EXLS	0.65		-0.62	-0.07	-0.34	-0.43	-0.3	-0.19	0.66	-0.12	EXLS
S	-0.33	-0.62		0.59	-0.02	0.81	-0.06	0.39	-0.4	-0.16	S
ACIW	-0.13	-0.07	0.59		0.1	0.76	0.01	0.03	-0.32	-0.18	ACIW
DLB	-0.45	-0.34	-0.02	0.1		0.26	0.67	-0.4	-0.64	0.18	DLB
BOX	-0.28	-0.43	0.81	0.76	0.26		0.15	0.12	-0.46	-0.13	BOX
QLYS	-0.38	-0.3	-0.06	0.01	0.67	0.15		-0.4	-0.43	0.16	QLYS
CORZ	0.31	-0.19	0.39	0.03	-0.4	0.12	-0.4		0.22	-0.03	CORZ
ONTO	0.84	0.66	-0.4	-0.32	-0.64	-0.46	-0.43	0.22		-0.33	ONTO
CVLT	-0.32	-0.12	-0.16	-0.18	0.18	-0.13	0.16	-0.03	-0.33		CVLT
	WEX	EXLS	S	ACIW	DLB	BOX	QLYS	CORZ	ONTO	CVLT

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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

ONTO	+ 0.84	WEX
BOX	+ 0.81	S
BOX	+ 0.76	ACIW
QLYS	+ 0.67	DLB
ONTO	+ 0.66	EXLS
EXLS	+ 0.65	WEX

High negative correlations

ONTO	- 0.64	DLB
S	- 0.62	EXLS
ONTO	- 0.46	BOX
DLB	- 0.45	WEX
ONTO	- 0.43	QLYS
BOX	- 0.43	EXLS

Risk-Adjusted Indicators

There is a big difference between Shift4 Stock performing well and Shift4 Payments 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 Shift4 Payments' 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
WEX	1.42	(0.07)	(0.03)	0.01	1.69	(1.49)	3.31	(2.82)	8.14
EXLS	1.00	0.03	(0.01)	0.22	1.66	(1.09)	1.94	(2.64)	7.70
S	1.88	(0.25)	0.00	(0.16)	0.00	0.00	3.42	(3.75)	19.38
ACIW	1.24	(0.15)	0.00	(4.56)	0.00	0.00	2.08	(3.30)	9.43
DLB	0.78	(0.13)	0.00	(0.17)	0.00	0.00	1.28	(1.55)	4.81
BOX	1.34	(0.38)	0.00	(0.57)	0.00	0.00	2.76	(3.61)	11.36
QLYS	1.56	0.02	0.01	0.09	1.84	(1.70)	2.52	(3.12)	25.56
CORZ	3.22	0.17	0.04	0.22	3.89	(3.48)	7.09	(7.56)	17.30
ONTO	2.48	0.61	0.25	0.45	2.23	(2.85)	5.53	(4.33)	10.98
CVLT	2.06	(0.64)	0.00	(10.79)	0.00	0.00	2.42	(3.37)	7.50

Shift4 Payments Corporate Management

Nate Hirshberg	Senior Marketing	Profile
Nancy CPA	Chief Officer	Profile
Tim Ernst	Senior ENGINEERING	Profile
James Whalen	Chief Officer	Profile
Steven Sommers	Chief Architect	Profile

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