EPlus Correlations

PLUS Stock

USD 86.85 0.35 0.40%

The current 90-days correlation between ePlus inc and Sprinklr is 0.18 (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

Weak diversification

The correlation between ePlus inc and DJI is 0.39 (i.e., 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 private.

Moving together with EPlus Stock

0.7	BHE	Benchmark Electronics	Pair Corr
0.76	000829	Telling Telecommunicatio	Pair Corr

Moving against EPlus Stock

0.92	LPL	LG Display	Pair Corr
0.86	000938	Unisplendour Corp	Pair Corr
0.84	300296	Leyard Optoelectronic	Pair Corr
0.83	300333	Sinosun Tech	Pair Corr
0.83	301379	Techshine Electronics	Pair Corr
0.66	VSH	Vishay Intertechnology	Pair Corr
0.65	ARW	Arrow Electronics	Pair Corr
0.62	SNT	Senstar Technologies	Pair Corr
0.56	603936	Bomin Electronics	Pair Corr
0.87	LINK	Interlink Electronics	Pair Corr
0.79	300657	XiaMen HongXin Electron	Pair Corr
0.77	300184	Wuhan PS Information	Pair Corr
0.75	ZBRA	Zebra Technologies	Pair Corr
0.75	IMTE	Integrated Media Tec	Pair Corr
0.7	KULR	KULR Technology Group	Pair Corr
0.69	300852	Sihui Fuji Electronics	Pair Corr
0.6	SNT	Sabien Technology	Pair Corr
0.58	002161	Invengo Information	Pair Corr
0.53	688538	Everdisplay Optronics	Pair Corr
0.48	688519	Nanya New Material	Pair Corr
0.44	603328	Guangdong Ellington	Pair Corr
0.42	688630	Circuit Fabology Mic	Pair Corr

Related Correlations Analysis

	CXM	PRGS	DV	TDC	ASGN	ADEA	IE	NTCT	EVTC	PRCH
CXM		0.68	0.69	0.06	0.64	0.36	0.55	0.35	0.29	0.22	CXM
PRGS	0.68		0.64	-0.46	0.57	0.55	0.39	-0.16	0.71	0.67	PRGS
DV	0.69	0.64		-0.31	0.64	0.68	0.56	-0.02	0.48	0.5	DV
TDC	0.06	-0.46	-0.31		0.06	-0.48	0.08	0.51	-0.48	-0.91	TDC
ASGN	0.64	0.57	0.64	0.06		0.58	0.58	0.12	0.47	0.13	ASGN
ADEA	0.36	0.55	0.68	-0.48	0.58		0.5	-0.1	0.49	0.59	ADEA
IE	0.55	0.39	0.56	0.08	0.58	0.5		0.07	0.09	0.02	IE
NTCT	0.35	-0.16	-0.02	0.51	0.12	-0.1	0.07		-0.51	-0.37	NTCT
EVTC	0.29	0.71	0.48	-0.48	0.47	0.49	0.09	-0.51		0.59	EVTC
PRCH	0.22	0.67	0.5	-0.91	0.13	0.59	0.02	-0.37	0.59		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

EVTC	+ 0.71	PRGS
DV	+ 0.69	CXM
PRGS	+ 0.68	CXM
ADEA	+ 0.68	DV
PRCH	+ 0.67	PRGS
ASGN	+ 0.64	CXM

High negative correlations

PRCH	- 0.91	TDC
EVTC	- 0.51	NTCT
EVTC	- 0.48	TDC
ADEA	- 0.48	TDC
TDC	- 0.46	PRGS
PRCH	- 0.37	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	1.13	(0.12)	0.00	(0.09)	0.00	0.00	2.60	(2.71)	10.05
PRGS	1.39	(0.24)	0.00	(0.13)	0.00	0.00	2.47	(3.79)	12.09
DV	1.60	(0.06)	(0.02)	0.01	3.01	(1.67)	3.14	(3.40)	17.80
TDC	2.22	0.51	0.22	0.41	1.86	(2.51)	4.38	(4.07)	36.67
ASGN	1.71	(0.03)	(0.03)	(0.02)	2.28	(1.82)	3.26	(3.13)	11.18
ADEA	2.78	0.04	0.04	0.09	4.10	(2.94)	5.29	(4.94)	32.90
IE	4.04	0.30	0.10	0.16	4.31	(4.23)	10.42	(6.25)	22.90
NTCT	1.37	(0.01)	(0.01)	0.06	1.71	(1.53)	2.52	(3.06)	11.36
EVTC	1.48	(0.26)	0.00	(0.15)	0.00	0.00	2.94	(3.14)	9.49
PRCH	2.71	(0.90)	0.00	(0.31)	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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