EPlus Correlations

PLUS Stock

USD 68.43 0.84 1.21%

The current 90-days correlation between ePlus inc and PDF Solutions is 0.43 (i.e., Very weak 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 0.54 (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.

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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 employment.

Moving together with EPlus Stock

0.69	CDW	CDW Corp	Pair Corr
0.88	LPL	LG Display Earnings Call This Week	Pair Corr
0.81	VSH	Vishay Intertechnology	Pair Corr
0.92	LASR	nLIGHT Inc	Pair Corr
0.87	LITE	Lumentum Holdings	Pair Corr
0.73	NTGR	NETGEAR Earnings Call Next Week	Pair Corr
0.63	RGTIW	Rigetti Computing Trending	Pair Corr
0.84	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.83	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.74	RDWR	Radware	Pair Corr
0.62	RGTI	Rigetti Computing Trending	Pair Corr
0.69	AAOI	Applied Opt	Pair Corr
0.61	ADTN	ADTRAN Inc	Pair Corr
0.91	AVNW	Aviat Networks	Pair Corr
0.74	CIEN	Ciena Corp	Pair Corr
0.78	CRNT	Ceragon Networks	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.91	MU	Micron Technology	Pair Corr
0.83	MX	MagnaChip Semiconductor	Pair Corr
0.81	ON	ON Semiconductor Earnings Call Next Week	Pair Corr
0.88	VRRM	Verra Mobility Corp	Pair Corr
0.87	ADI	Analog Devices	Pair Corr
0.78	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.87	ARM	Arm Holdings plc	Pair Corr
0.8	FRGE	Forge Global Holdings	Pair Corr
0.73	GFS	Globalfoundries	Pair Corr

Moving against EPlus Stock

0.82	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.36	QMCO	Quantum	Pair Corr
0.71	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	PDFS	PRGS	PRO	SPNS	CNXN	MLAB	SPSC	CRVL	PATK
PDFS		-0.56	-0.32	0.8	0.42	-0.69	0.02	-0.87	0.9	PDFS
PRGS	-0.56		0.35	-0.2	0.14	0.52	0.26	0.53	-0.41	PRGS
PRO	-0.32	0.35		0.03	0.2	0.47	0.6	0.52	-0.21	PRO
SPNS	0.8	-0.2	0.03		0.58	-0.58	0.3	-0.69	0.83	SPNS
CNXN	0.42	0.14	0.2	0.58		0.1	0.75	-0.14	0.45	CNXN
MLAB	-0.69	0.52	0.47	-0.58	0.1		0.39	0.86	-0.74	MLAB
SPSC	0.02	0.26	0.6	0.3	0.75	0.39		0.23	0.05	SPSC
CRVL	-0.87	0.53	0.52	-0.69	-0.14	0.86	0.23		-0.8	CRVL
PATK	0.9	-0.41	-0.21	0.83	0.45	-0.74	0.05	-0.8		PATK
	PDFS	PRGS	PRO	SPNS	CNXN	MLAB	SPSC	CRVL	PATK

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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

PATK	+ 0.9	PDFS
CRVL	+ 0.86	MLAB
PATK	+ 0.83	SPNS
SPNS	+ 0.8	PDFS
SPSC	+ 0.75	CNXN
SPSC	+ 0.6	PRO

High negative correlations

CRVL	- 0.87	PDFS
PATK	- 0.8	CRVL
PATK	- 0.74	MLAB
CRVL	- 0.69	SPNS
MLAB	- 0.69	PDFS
MLAB	- 0.58	SPNS

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
PDFS	1.94	0.25	0.13	0.30	1.96	(2.14)	4.80	(3.82)	10.88
PRGS	1.40	(0.38)	0.00	(0.33)	0.00	0.00	1.97	(2.57)	16.33
PRO	2.32	(0.24)	(0.04)	(0.01)	3.46	(2.19)	4.47	(4.55)	20.74
SPNS	1.09	0.11	0.06	0.28	1.03	(1.24)	2.70	(2.12)	6.25
CNXN	1.05	0.02	(0.01)	0.15	1.07	(1.18)	1.81	(1.98)	9.48
MLAB	2.39	(0.94)	0.00	(0.38)	0.00	0.00	3.69	(6.38)	14.48
SPSC	1.62	(0.06)	(0.01)	0.09	1.79	(1.85)	2.40	(2.81)	11.30
CRVL	1.23	(0.46)	0.00	(0.33)	0.00	0.00	2.04	(3.61)	7.04
PATK	1.64	0.13	0.09	0.26	1.40	(2.13)	4.16	(2.62)	9.76

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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