EPlus Correlations

PLUS Stock

USD 77.74 0.79 1.01%

The current 90-days correlation between ePlus inc and Sprinklr is 0.37 (i.e., Weak 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

Very good diversification

The correlation between ePlus inc and DJI is -0.47 (i.e., Very good 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 manufacturing.

Moving together with EPlus Stock

0.68

EBON

Ebang International

Pair Corr

Moving against EPlus Stock

0.81	Q	Qnity Electronics Earnings Call This Week	Pair Corr
0.77	LFS	Littelfuse	Pair Corr
0.74	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.7	PRHA	Prosegur Compaa de Earnings Call This Week	Pair Corr
0.66	PX4	Plexus Corp	Pair Corr
0.65	KN	Knowles Cor	Pair Corr
0.58	P4O	Plan Optik AG	Pair Corr
0.55	AN1	Anritsu	Pair Corr
0.54	VRME	VerifyMe	Pair Corr
0.47	MQR1	MULTI CHEM LTD	Pair Corr
0.33	FN	Fabrinet Tech Boost	Pair Corr
0.75	MKT	MKS Instruments	Pair Corr
0.72	VNI	Avnet Inc	Pair Corr
0.72	BRV	Brady	Pair Corr
0.69	BAERW	Bridger Aerospace	Pair Corr
0.62	SATLW	Satellogic Warrant	Pair Corr
0.57	H7B	COHERENT CORP	Pair Corr
0.34	SOLI	Solid State Plc	Pair Corr
0.33	MUR1	Murata Manufacturing	Pair Corr
0.31	7YM	NSE SA EO	Pair Corr
0.72	ARW	Arrow Electronics	Pair Corr
0.71	AVT	Avnet Inc	Pair Corr
0.65	BHE	Benchmark Electronics	Pair Corr
0.59	MLI	MESA LABS INC	Pair Corr
0.59	BDC	Belden Inc	Pair Corr
0.49	SRT	SRT Marine Systems	Pair Corr

Related Correlations Analysis

	CXM	PRGS	DV	TDC	ASGN	ADEA	IE	NTCT	EVTC	PRCH
CXM		0.71	0.87	0.04	0.15	-0.54	-0.29	-0.5	0.75	0.77	CXM
PRGS	0.71		0.63	-0.03	0.47	-0.26	0.07	-0.3	0.52	0.3	PRGS
DV	0.87	0.63		0.1	0.38	-0.22	0.06	-0.32	0.81	0.54	DV
TDC	0.04	-0.03	0.1		-0.12	0.3	0.17	0.51	-0.15	0.23	TDC
ASGN	0.15	0.47	0.38	-0.12		0.46	0.7	0.13	0.44	-0.34	ASGN
ADEA	-0.54	-0.26	-0.22	0.3	0.46		0.81	0.56	-0.21	-0.59	ADEA
IE	-0.29	0.07	0.06	0.17	0.7	0.81		0.45	0.05	-0.56	IE
NTCT	-0.5	-0.3	-0.32	0.51	0.13	0.56	0.45		-0.45	-0.39	NTCT
EVTC	0.75	0.52	0.81	-0.15	0.44	-0.21	0.05	-0.45		0.5	EVTC
PRCH	0.77	0.3	0.54	0.23	-0.34	-0.59	-0.56	-0.39	0.5		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

DV	+ 0.87	CXM
EVTC	+ 0.81	DV
IE	+ 0.81	ADEA
PRCH	+ 0.77	CXM
EVTC	+ 0.75	CXM
PRGS	+ 0.71	CXM

High negative correlations

PRCH	- 0.59	ADEA
PRCH	- 0.56	IE
ADEA	- 0.54	CXM
NTCT	- 0.5	CXM
EVTC	- 0.45	NTCT
PRCH	- 0.39	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	1.67	(0.49)	0.00	(0.46)	0.00	0.00	2.65	(5.11)	10.05
PRGS	2.07	(0.01)	0.01	0.05	3.29	(2.04)	3.82	(4.11)	23.54
DV	1.55	(0.25)	0.00	(0.32)	0.00	0.00	2.79	(4.25)	11.25
TDC	2.40	0.11	0.04	0.15	3.30	(2.46)	4.26	(3.77)	41.05
ASGN	2.03	(0.08)	(0.01)	0.01	3.37	(2.19)	4.91	(4.65)	21.29
ADEA	2.31	0.56	0.28	0.34	1.69	(2.79)	4.89	(2.96)	36.55
IE	3.83	0.33	0.08	0.20	5.05	(4.00)	7.65	(8.07)	27.03
NTCT	1.32	0.02	0.02	0.08	1.72	(1.42)	2.63	(2.83)	7.63
EVTC	1.47	(0.21)	0.00	(0.11)	0.00	0.00	2.63	(3.16)	9.50
PRCH	2.84	(0.42)	0.00	(0.12)	0.00	0.00	4.27	(6.71)	20.87

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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