Evertec Correlations

EVTC Stock

USD 29.73 0.03 0.10%

The current 90-days correlation between Evertec and Teradata Corp is 0.2 (i.e., Modest diversification). The correlation of Evertec 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.

Evertec Correlation With Market

Very weak diversification

The correlation between Evertec and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evertec and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Evertec Stock

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

For information on how to trade Evertec Stock refer to our How to Trade Evertec Stock guide.

Moving together with Evertec Stock

0.79	MA	Mastercard	Pair Corr
0.88	PAYO	Payoneer Global	Pair Corr
0.72	VEII	Value Exchange Inter	Pair Corr

Moving against Evertec Stock

0.73	HYMTF	Hyundai Motor	Pair Corr
0.66	AXP	American Express	Pair Corr
0.59	BRK-B	Berkshire Hathaway	Pair Corr
0.52	SWZNF	Schweizerische Nationalbank	Pair Corr
0.33	TBVPF	Thai Beverage Public	Pair Corr
0.82	FYBR	Frontier Communications	Pair Corr
0.71	KMT	Kennametal	Pair Corr
0.67	TSEM	Tower Semiconductor	Pair Corr
0.65	CBOE	Cboe Global Markets	Pair Corr
0.64	ATZAF	Aritzia	Pair Corr
0.6	GLW	Corning Incorporated	Pair Corr
0.55	CUAEF	China Shenhua Energy	Pair Corr
0.41	PRLD	Prelude Therapeutics	Pair Corr
0.84	FEMY	Femasys	Pair Corr
0.79	TER	Teradyne Downward Rally	Pair Corr
0.77	FN	Fabrinet	Pair Corr
0.75	MTSI	MACOM Technology Sol	Pair Corr
0.69	CLCO	Cool Company	Pair Corr
0.68	RLMD	Relmada Therapeutics	Pair Corr
0.67	VCYT	Veracyte	Pair Corr
0.46	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	TDC	RAMP	NTCT	PGY	PAYO	FIVN	PLUS	MQ	PRGS	DV
TDC		0.81	0.53	-0.58	-0.56	-0.64	0.91	-0.26	-0.3	-0.57	TDC
RAMP	0.81		0.68	-0.56	-0.51	-0.57	0.8	-0.3	-0.16	-0.59	RAMP
NTCT	0.53	0.68		-0.5	-0.52	-0.33	0.41	-0.47	0.05	-0.48	NTCT
PGY	-0.58	-0.56	-0.5		0.93	0.88	-0.58	0.86	0.06	0.88	PGY
PAYO	-0.56	-0.51	-0.52	0.93		0.88	-0.55	0.82	0.19	0.9	PAYO
FIVN	-0.64	-0.57	-0.33	0.88	0.88		-0.71	0.68	0.16	0.9	FIVN
PLUS	0.91	0.8	0.41	-0.58	-0.55	-0.71		-0.25	-0.39	-0.6	PLUS
MQ	-0.26	-0.3	-0.47	0.86	0.82	0.68	-0.25		-0.14	0.76	MQ
PRGS	-0.3	-0.16	0.05	0.06	0.19	0.16	-0.39	-0.14		0.14	PRGS
DV	-0.57	-0.59	-0.48	0.88	0.9	0.9	-0.6	0.76	0.14		DV
	TDC	RAMP	NTCT	PGY	PAYO	FIVN	PLUS	MQ	PRGS	DV

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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

PAYO	+ 0.93	PGY
PLUS	+ 0.91	TDC
DV	+ 0.9	PAYO
DV	+ 0.9	FIVN
FIVN	+ 0.88	PGY
DV	+ 0.88	PGY

High negative correlations

PLUS	- 0.71	FIVN
FIVN	- 0.64	TDC
DV	- 0.6	PLUS
DV	- 0.59	RAMP
PLUS	- 0.58	PGY
PGY	- 0.58	TDC

Risk-Adjusted Indicators

There is a big difference between Evertec Stock performing well and Evertec 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 Evertec's 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
TDC	2.23	0.54	0.24	0.41	1.84	(2.53)	4.38	(4.07)	36.67
RAMP	1.51	0.10	0.06	0.16	1.68	(1.60)	2.94	(2.86)	9.78
NTCT	1.38	0.04	0.02	0.10	1.75	(1.45)	2.60	(3.06)	11.36
PGY	3.76	(0.92)	0.00	(0.19)	0.00	0.00	6.76	(8.81)	22.52
PAYO	1.56	(0.26)	0.00	(0.10)	0.00	0.00	2.97	(3.66)	8.72
FIVN	2.16	(0.44)	0.00	(0.12)	0.00	0.00	4.04	(5.43)	12.70
PLUS	1.60	0.23	0.17	0.23	1.33	(2.04)	3.32	(2.52)	18.70
MQ	1.70	(0.33)	0.00	(0.32)	0.00	0.00	2.60	(4.17)	14.05
PRGS	1.56	(0.02)	0.00	0.05	2.32	(1.48)	3.10	(3.43)	12.09
DV	1.79	(0.41)	0.00	(0.28)	0.00	0.00	2.64	(4.22)	17.80

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