EPlus Correlations

PLUS Stock

USD 87.70 0.90 1.02%

The current 90-days correlation between ePlus inc and Sprinklr is 0.17 (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

Very weak diversification

The correlation between ePlus inc and DJI is 0.41 (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.

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 producer price index.

Moving together with EPlus Stock

0.63	FN	Fabrinet	Pair Corr
0.65	002134	Tianjin Printronics	Pair Corr
0.78	BAERW	Bridger Aerospace	Pair Corr

Moving against EPlus Stock

0.86	000938	Unisplendour Corp	Pair Corr
0.85	VRME	VerifyMe	Pair Corr
0.83	300333	Sinosun Tech	Pair Corr
0.76	002960	Jade Bird Fire	Pair Corr
0.75	AMPGW	AmpliTech Group	Pair Corr
0.63	603936	Bomin Electronics	Pair Corr
0.6	KN	Knowles Cor	Pair Corr
0.53	301099	Shanghai Yct Electronics	Pair Corr
0.35	600207	Henan Ancai Hi	Pair Corr
0.87	EHGO	Eshallgo Class A	Pair Corr
0.86	EBON	Ebang International	Pair Corr
0.8	002819	Beijing Oriental Jicheng	Pair Corr
0.75	ELTK	Eltek	Pair Corr
0.71	300354	DongHua Testing Tech	Pair Corr
0.63	000988	Huagong Tech	Pair Corr
0.6	ELSE	Electro Sensors	Pair Corr
0.49	SATLW	Satellogic Warrant	Pair Corr
0.44	SOLI	Solid State Plc	Pair Corr
0.85	300065	Beijing Highlander	Pair Corr
0.81	EVLV	Evolv Technologies	Pair Corr
0.77	000050	Tianma Microelectronics	Pair Corr
0.59	601138	Foxconn Industrial	Pair Corr
0.59	002402	Shenzhen HT Intelligent	Pair Corr
0.49	002138	Shenzhen Sunlord Ele	Pair Corr

Related Correlations Analysis

	CXM	PRGS	DV	TDC	ASGN	ADEA	IE	NTCT	EVTC	PRCH
CXM		0.65	0.7	0.04	0.71	0.43	0.52	0.29	0.33	0.25	CXM
PRGS	0.65		0.58	-0.41	0.63	0.63	0.48	-0.13	0.54	0.59	PRGS
DV	0.7	0.58		-0.38	0.61	0.71	0.39	-0.13	0.6	0.58	DV
TDC	0.04	-0.41	-0.38		0.07	-0.6	0.09	0.55	-0.5	-0.91	TDC
ASGN	0.71	0.63	0.61	0.07		0.54	0.48	0.11	0.48	0.16	ASGN
ADEA	0.43	0.63	0.71	-0.6	0.54		0.37	-0.15	0.54	0.7	ADEA
IE	0.52	0.48	0.39	0.09	0.48	0.37		0.15	-0.08	-0.03	IE
NTCT	0.29	-0.13	-0.13	0.55	0.11	-0.15	0.15		-0.57	-0.44	NTCT
EVTC	0.33	0.54	0.6	-0.5	0.48	0.54	-0.08	-0.57		0.64	EVTC
PRCH	0.25	0.59	0.58	-0.91	0.16	0.7	-0.03	-0.44	0.64		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

ASGN	+ 0.71	CXM
ADEA	+ 0.71	DV
DV	+ 0.7	CXM
PRCH	+ 0.7	ADEA
PRGS	+ 0.65	CXM
PRCH	+ 0.64	EVTC

High negative correlations

PRCH	- 0.91	TDC
ADEA	- 0.6	TDC
EVTC	- 0.57	NTCT
EVTC	- 0.5	TDC
PRCH	- 0.44	NTCT
TDC	- 0.41	PRGS

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	1.04	(0.06)	(0.04)	(0.01)	1.46	(1.12)	2.60	(2.67)	8.12
PRGS	1.40	(0.02)	0.00	0.04	2.04	(1.38)	3.00	(2.10)	12.09
DV	1.61	(0.08)	0.00	(0.02)	0.00	0.00	3.14	(3.40)	17.80
TDC	2.18	0.49	0.21	0.38	1.85	(2.50)	4.38	(4.07)	36.67
ASGN	1.65	(0.05)	0.00	0.03	2.18	(1.82)	3.26	(3.04)	11.18
ADEA	2.69	0.03	0.03	0.07	4.09	(2.80)	5.29	(4.94)	32.90
IE	4.15	0.35	0.11	0.16	4.27	(4.35)	10.42	(6.25)	22.90
NTCT	1.36	0.04	0.02	0.10	1.71	(1.51)	2.52	(3.06)	11.36
EVTC	1.45	(0.30)	0.00	(0.20)	0.00	0.00	2.63	(3.14)	9.49
PRCH	2.66	(0.97)	0.00	(0.35)	0.00	0.00	4.27	(5.25)	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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