Everi Holdings Correlations

EVRI Stock

USD 14.22 0.01 0.07%

The current 90-days correlation between Everi Holdings and Accel Entertainment is 0.24 (i.e., Modest diversification). The correlation of Everi Holdings 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.

Everi Holdings Correlation With Market

Poor diversification

The correlation between Everi Holdings and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everi Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Everi Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everi Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Everi Stock please use our How to Invest in Everi Holdings guide.

Moving together with Everi Stock

0.7	H	Hyatt Hotels	Pair Corr
0.91	BH	Biglari Holdings	Pair Corr
0.85	WING	Wingstop	Pair Corr
0.68	WYNN	Wynn Resorts Limited	Pair Corr
0.78	FLUT	Flutter Entertainment plc	Pair Corr
0.8	AGS	PlayAGS	Pair Corr
0.88	BYD	Boyd Gaming	Pair Corr
0.74	CCL	Carnival Earnings Call This Week	Pair Corr
0.66	CMG	Chipotle Mexican Grill	Pair Corr
0.92	CSV	Carriage Services	Pair Corr
0.76	CUK	Carnival Plc ADS	Pair Corr
0.76	DRI	Darden Restaurants Earnings Call Today	Pair Corr
0.92	FTDR	Frontdoor	Pair Corr
0.64	HGV	Hilton Grand Vacations	Pair Corr
0.82	HLT	Hilton Worldwide Holdings	Pair Corr
0.75	IHG	InterContinental Hotels	Pair Corr

Moving against Everi Stock

0.92	EJH	E Home Household	Pair Corr
0.82	SG	Sweetgreen	Pair Corr
0.8	DNUT	Krispy Kreme	Pair Corr
0.47	CDROW	Codere Online Luxembourg	Pair Corr
0.76	MSC	Studio City International	Pair Corr
0.69	GHG	GreenTree Hospitality	Pair Corr
0.57	BTBDW	BT Brands Warrant	Pair Corr
0.38	FLL	Full House Resorts Upward Rally	Pair Corr
0.38	FWRG	First Watch Restaurant	Pair Corr
0.37	LTH	Life Time Group	Pair Corr
0.32	HDL	SUPER HI INTERNATIONAL	Pair Corr

Related Correlations Analysis

	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC
ACEL		-0.41	-0.26	-0.14	0.45	-0.63	0.0	0.56	0.0	-0.74	ACEL
LNW	-0.41		0.77	0.49	0.19	0.52	0.0	0.16	0.44	0.67	LNW
INSE	-0.26	0.77		0.48	0.25	0.65	0.0	0.25	0.47	0.6	INSE
IGT	-0.14	0.49	0.48		-0.29	0.29	0.0	0.41	0.75	0.21	IGT
AGS	0.45	0.19	0.25	-0.29		-0.22	0.0	0.5	-0.07	-0.13	AGS
CHDN	-0.63	0.52	0.65	0.29	-0.22		0.0	-0.26	0.15	0.69	CHDN
NGMS	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NGMS
CDRO	0.56	0.16	0.25	0.41	0.5	-0.26	0.0		0.58	-0.31	CDRO
GAMB	0.0	0.44	0.47	0.75	-0.07	0.15	0.0	0.58		0.09	GAMB
CPHC	-0.74	0.67	0.6	0.21	-0.13	0.69	0.0	-0.31	0.09		CPHC
	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC

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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

INSE	+ 0.77	LNW
GAMB	+ 0.75	IGT
CPHC	+ 0.69	CHDN
CPHC	+ 0.67	LNW
CHDN	+ 0.65	INSE
CPHC	+ 0.6	INSE

High negative correlations

CPHC	- 0.74	ACEL
CHDN	- 0.63	ACEL
LNW	- 0.41	ACEL
CPHC	- 0.31	CDRO
AGS	- 0.29	IGT
CDRO	- 0.26	CHDN

Risk-Adjusted Indicators

There is a big difference between Everi Stock performing well and Everi Holdings 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 Everi Holdings' 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
ACEL	1.39	0.21	0.10	0.33	1.83	(1.49)	2.63	(2.64)	14.34
LNW	2.60	(0.25)	0.00	(0.19)	0.00	0.00	4.88	(6.84)	21.72
INSE	2.66	(0.25)	0.00	(0.12)	0.00	0.00	4.74	(6.00)	21.59
IGT	1.86	(0.19)	0.00	(0.15)	0.00	0.00	3.29	(4.92)	19.97
AGS	0.23	0.03	0.03	0.35	0.29	(0.25)	0.49	(0.50)	1.85
CHDN	1.71	(0.16)	0.00	(0.17)	0.00	0.00	2.51	(3.30)	24.29
NGMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDRO	1.86	0.15	0.06	0.15	2.38	(1.98)	3.83	(3.62)	12.81
GAMB	2.09	(0.06)	0.00	(0.04)	0.00	0.00	3.99	(5.09)	23.00
CPHC	1.09	(0.04)	0.00	0.21	0.00	0.00	2.30	(2.37)	5.82

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