EPlus Correlations

PLUS Stock

USD 80.33 0.39 0.48%

The current 90-days correlation between ePlus inc and Model N is 0.02 (i.e., Significant 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 weak diversification

The correlation between ePlus inc and DJI is 0.56 (i.e., Very weak 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.

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 employment.

Moving together with EPlus Stock

0.7

ENLV

Enlivex Therapeutics

Pair Corr

Moving against EPlus Stock

0.45	ZD	Ziff Davis	Pair Corr
0.42	EBON	Ebang International	Pair Corr
0.39	SSYS	Stratasys	Pair Corr
0.35	ANY	Sphere 3D Corp	Pair Corr
0.48	DAVEW	Dave Warrants	Pair Corr
0.39	KLTR	Kaltura	Pair Corr
0.33	PLTR	Palantir Technologies Aggressive Push	Pair Corr

Related Correlations Analysis

	MODN	PRGS	AGYS	SPNS	PDFS	PRO	MNTV	AMSWA	MLNK	CCRD
MODN		0.57	0.08	-0.1	-0.3	0.11	0.63	0.74	-0.09	0.23	MODN
PRGS	0.57		0.56	-0.17	0.26	0.51	0.43	0.69	-0.4	0.12	PRGS
AGYS	0.08	0.56		-0.52	0.49	0.63	0.11	0.41	-0.08	0.25	AGYS
SPNS	-0.1	-0.17	-0.52		-0.15	-0.49	-0.06	-0.14	-0.14	-0.64	SPNS
PDFS	-0.3	0.26	0.49	-0.15		0.49	-0.25	-0.16	0.12	0.21	PDFS
PRO	0.11	0.51	0.63	-0.49	0.49		0.13	0.4	0.34	0.71	PRO
MNTV	0.63	0.43	0.11	-0.06	-0.25	0.13		0.58	0.02	0.25	MNTV
AMSWA	0.74	0.69	0.41	-0.14	-0.16	0.4	0.58		-0.07	0.23	AMSWA
MLNK	-0.09	-0.4	-0.08	-0.14	0.12	0.34	0.02	-0.07		0.6	MLNK
CCRD	0.23	0.12	0.25	-0.64	0.21	0.71	0.25	0.23	0.6		CCRD
	MODN	PRGS	AGYS	SPNS	PDFS	PRO	MNTV	AMSWA	MLNK	CCRD

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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

AMSWA	+ 0.74	MODN
CCRD	+ 0.71	PRO
AMSWA	+ 0.69	PRGS
MNTV	+ 0.63	MODN
PRO	+ 0.63	AGYS
CCRD	+ 0.6	MLNK

High negative correlations

CCRD	- 0.64	SPNS
SPNS	- 0.52	AGYS
PRO	- 0.49	SPNS
MLNK	- 0.4	PRGS
PDFS	- 0.3	MODN
MNTV	- 0.25	PDFS

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
MODN	0.50	0.16	0.09	4.25	0.29	(0.69)	1.01	(0.50)	10.58
PRGS	1.10	0.21	0.17	0.42	0.77	(1.35)	2.49	(1.37)	14.18
AGYS	1.84	0.05	0.05	0.11	2.96	(1.69)	3.26	(5.24)	14.47
SPNS	1.63	(0.42)	0.00	(0.38)	0.00	0.00	2.21	(3.04)	31.27
PDFS	1.83	(0.22)	0.00	(0.01)	0.00	0.00	3.62	(4.29)	11.36
PRO	2.37	0.08	0.06	0.12	2.84	(2.38)	6.36	(4.84)	13.99
MNTV	0.90	0.50	2.18	(183.32)	0.00	(1.77)	0.43	(0.21)	20.63
AMSWA	1.44	0.27	0.14	1.69	1.18	(1.67)	3.79	(2.53)	10.40
MLNK	1.63	(0.04)	(0.02)	0.04	2.32	(1.55)	3.17	(3.18)	14.62
CCRD	2.11	0.49	0.19	0.68	2.09	(2.40)	5.08	(4.02)	11.29

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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