EPlus Correlations

PLUS Stock

USD 85.39 0.50 0.58%

The current 90-days correlation between ePlus inc and Sprinklr 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

Significant diversification

The correlation between ePlus inc and DJI is 0.08 (i.e., Significant 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

0.69	AAPL	Apple Inc	Pair Corr
0.83	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.84	BMYMP	Bristol Myers Squibb	Pair Corr
0.68	F	Ford Motor Aggressive Push	Pair Corr
0.81	WSFS	WSFS Financial	Pair Corr
0.68	ATI	Allegheny Technologies	Pair Corr
0.72	XOM	Exxon Mobil Corp	Pair Corr
0.79	PFE	Pfizer Inc	Pair Corr
0.89	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.84	DD	Dupont De Nemours	Pair Corr
0.81	MRK	Merck Company Aggressive Push	Pair Corr

Moving against EPlus Stock

0.9	LINK	Interlink Electronics	Pair Corr
0.83	EHGO	Eshallgo Class A	Pair Corr
0.8	MSFT	Microsoft	Pair Corr
0.65	CDW	CDW Corp	Pair Corr
0.63	META	Meta Platforms	Pair Corr
0.41	NVDA	NVIDIA Sell-off Trend	Pair Corr
0.35	UUU	Universal Security	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.35	T	ATT Inc	Pair Corr
0.31	BA	Boeing	Pair Corr

Related Correlations Analysis

	CXM	PRGS	DV	TDC	ASGN	ADEA	IE	NTCT	EVTC	PRCH
CXM		0.66	0.69	0.12	0.65	0.33	0.63	0.39	0.26	0.14	CXM
PRGS	0.66		0.63	-0.43	0.46	0.4	0.48	-0.12	0.67	0.6	PRGS
DV	0.69	0.63		-0.27	0.57	0.63	0.62	0.01	0.5	0.45	DV
TDC	0.12	-0.43	-0.27		0.28	-0.29	0.09	0.49	-0.36	-0.9	TDC
ASGN	0.65	0.46	0.57	0.28		0.56	0.74	0.2	0.44	-0.11	ASGN
ADEA	0.33	0.4	0.63	-0.29	0.56		0.71	-0.02	0.43	0.39	ADEA
IE	0.63	0.48	0.62	0.09	0.74	0.71		0.04	0.42	0.05	IE
NTCT	0.39	-0.12	0.01	0.49	0.2	-0.02	0.04		-0.51	-0.27	NTCT
EVTC	0.26	0.67	0.5	-0.36	0.44	0.43	0.42	-0.51		0.4	EVTC
PRCH	0.14	0.6	0.45	-0.9	-0.11	0.39	0.05	-0.27	0.4		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	+ 0.74	ASGN
IE	+ 0.71	ADEA
DV	+ 0.69	CXM
EVTC	+ 0.67	PRGS
PRGS	+ 0.66	CXM
ASGN	+ 0.65	CXM

High negative correlations

PRCH	- 0.9	TDC
EVTC	- 0.51	NTCT
TDC	- 0.43	PRGS
EVTC	- 0.36	TDC
ADEA	- 0.29	TDC
PRCH	- 0.27	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	1.17	(0.03)	(0.03)	0.03	1.69	(1.27)	2.65	(2.67)	10.05
PRGS	1.44	(0.23)	0.00	(0.13)	0.00	0.00	3.00	(3.79)	12.09
DV	1.69	(0.05)	(0.02)	0.01	3.05	(1.76)	3.14	(3.40)	17.80
TDC	2.14	0.54	0.25	0.47	1.62	(2.45)	4.38	(3.67)	36.67
ASGN	1.73	(0.02)	0.02	0.07	2.27	(1.87)	3.65	(3.13)	11.18
ADEA	2.72	0.03	0.04	0.09	4.02	(2.89)	5.29	(4.34)	32.90
IE	4.06	0.24	0.09	0.16	4.24	(4.33)	10.42	(6.25)	22.90
NTCT	1.38	(0.01)	(0.01)	0.07	1.64	(1.59)	2.52	(3.06)	11.36
EVTC	1.48	(0.19)	0.00	(0.07)	0.00	0.00	2.94	(3.14)	9.49
PRCH	2.71	(0.79)	0.00	(0.75)	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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