EPlus Correlations

PLUS Stock

USD 85.81 1.00 1.18%

The current 90-days correlation between ePlus inc and Sprinklr is 0.14 (i.e., Average diversification). The correlation of EPlus 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.

EPlus Correlation With Market

Average diversification

The correlation between ePlus inc and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ePlus inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EPlus Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ePlus inc. 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.

Moving against EPlus Stock

0.8	LINK	Interlink Electronics	Pair Corr
0.67	ZEPP	Zepp Health Corp	Pair Corr
0.54	Q	Qnity Electronics	Pair Corr
0.51	AMO	Ambertech	Pair Corr
0.31	VSH	Vishay Intertechnology Earnings Call This Week	Pair Corr
0.8	MMC	MMC Old Symbol Change	Pair Corr
0.78	RGTI	Rigetti Computing	Pair Corr
0.78	SOTK	Sono Tek Corp	Pair Corr
0.57	PIFMY	Indofood Sukses Makmur	Pair Corr
0.55	ARAI	Arrive AI	Pair Corr
0.46	PTE	Pioneering Technology	Pair Corr
0.33	SCSC	ScanSource Tech Boost	Pair Corr

Related Correlations Analysis

	CXM	PRGS	DV	TDC	ASGN	ADEA	IE	NTCT	EVTC	PRCH
CXM		0.74	0.48	0.04	-0.12	-0.34	-0.32	0.16	0.02	0.39	CXM
PRGS	0.74		0.59	0.07	0.21	-0.05	0.05	0.36	0.25	0.33	PRGS
DV	0.48	0.59		-0.08	0.41	0.35	0.34	0.19	0.32	0.34	DV
TDC	0.04	0.07	-0.08		0.54	0.13	0.44	0.19	0.3	-0.8	TDC
ASGN	-0.12	0.21	0.41	0.54		0.72	0.86	0.37	0.55	-0.42	ASGN
ADEA	-0.34	-0.05	0.35	0.13	0.72		0.83	0.27	0.37	-0.1	ADEA
IE	-0.32	0.05	0.34	0.44	0.86	0.83		0.29	0.46	-0.4	IE
NTCT	0.16	0.36	0.19	0.19	0.37	0.27	0.29		-0.22	-0.01	NTCT
EVTC	0.02	0.25	0.32	0.3	0.55	0.37	0.46	-0.22		-0.2	EVTC
PRCH	0.39	0.33	0.34	-0.8	-0.42	-0.1	-0.4	-0.01	-0.2		PRCH
	CXM	PRGS	DV	TDC	ASGN	ADEA	IE	NTCT	EVTC	PRCH

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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

IE	+ 0.86	ASGN
IE	+ 0.83	ADEA
PRGS	+ 0.74	CXM
ADEA	+ 0.72	ASGN
DV	+ 0.59	PRGS
EVTC	+ 0.55	ASGN

High negative correlations

PRCH	- 0.8	TDC
PRCH	- 0.42	ASGN
PRCH	- 0.4	IE
ADEA	- 0.34	CXM
IE	- 0.32	CXM
EVTC	- 0.22	NTCT

Risk-Adjusted Indicators

There is a big difference between EPlus Stock performing well and EPlus 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 EPlus' 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
CXM	1.38	(0.33)	0.00	(0.43)	0.00	0.00	2.65	(3.99)	10.05
PRGS	1.65	(0.20)	0.00	(0.11)	0.00	0.00	3.20	(4.11)	14.73
DV	1.64	(0.13)	0.00	(0.18)	0.00	0.00	3.14	(3.40)	15.65
TDC	2.08	0.47	0.23	0.45	1.58	(2.42)	3.55	(3.66)	36.67
ASGN	1.61	0.14	0.09	0.13	1.61	(1.92)	4.36	(3.02)	11.39
ADEA	2.57	0.07	0.03	0.06	3.89	(2.73)	4.89	(3.51)	33.50
IE	3.78	0.18	0.05	0.10	4.80	(3.85)	7.52	(6.47)	20.69
NTCT	1.42	0.03	0.01	0.07	1.69	(1.57)	2.52	(2.83)	11.36
EVTC	1.51	(0.06)	0.00	(0.01)	0.00	0.00	2.94	(3.16)	9.49
PRCH	2.86	(1.05)	0.00	(0.38)	0.00	0.00	4.22	(6.15)	42.64

EPlus Corporate Management

George King	Chief Officer	Profile
Elaine Marion	Chief Officer	Profile
John Bengivenni	Executive Sales	Profile
Chris Finney	VP Sales	Profile
Dan Farrell	Senior Services	Profile

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