Euronet Worldwide Correlations

EEFT Stock

USD 104.18 0.56 0.54%

The current 90-days correlation between Euronet Worldwide and Evertec is 0.33 (i.e., Weak diversification). The correlation of Euronet Worldwide 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.

Euronet Worldwide Correlation With Market

Weak diversification

The correlation between Euronet Worldwide and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Euronet Worldwide and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Euronet Stock please use our How to Invest in Euronet Worldwide guide.

Moving together with Euronet Stock

0.84	G	Genpact Limited	Pair Corr
0.77	BR	Broadridge Financial	Pair Corr
0.73	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.82	LZ	LegalZoom	Pair Corr
0.83	SQ	Block Inc	Pair Corr
0.77	WM	Waste Management	Pair Corr
0.9	DRVN	Driven Brands Holdings	Pair Corr
0.68	VIRC	Virco Manufacturing	Pair Corr
0.79	VRSK	Verisk Analytics	Pair Corr
0.79	VSEC	VSE Corporation	Pair Corr
0.81	EXLS	ExlService Holdings	Pair Corr
0.79	ABM	ABM Industries Earnings Call Today	Pair Corr
0.76	AXR	AMREP	Pair Corr
0.9	CBZ	CBIZ Inc	Pair Corr
0.78	FOUR	Shift4 Payments	Pair Corr
0.86	CXW	CoreCivic	Pair Corr
0.86	DLX	Deluxe	Pair Corr
0.79	DNB	Dun Bradstreet Holdings	Pair Corr
0.82	GFL	Gfl Environmental	Pair Corr
0.78	HNI	HNI Corp	Pair Corr

Moving against Euronet Stock

0.72	VCIG	VCI Global Limited	Pair Corr
0.69	MG	Mistras Group	Pair Corr
0.61	FC	Franklin Covey	Pair Corr
0.59	EXPO	Exponent	Pair Corr
0.5	VLTO	Veralto	Pair Corr
0.31	DLHC	DLH Holdings Corp	Pair Corr
0.78	HDSN	Hudson Technologies	Pair Corr
0.69	DSS	DSS Inc	Pair Corr
0.68	LNZA	LanzaTech Global	Pair Corr
0.65	FCN	FTI Consulting	Pair Corr
0.63	EFX	Equifax	Pair Corr
0.56	MEG	Montrose Environmental	Pair Corr
0.4	ADVWW	Advantage Solutions	Pair Corr

Related Correlations Analysis

	EVTC	IIIV	ESMT	EVCM	NTCT	CCSI	CSGS	FORG	AVDX	BASE
EVTC		0.62	0.32	0.86	0.66	0.82	0.91	0.24	0.88	0.69	EVTC
IIIV	0.62		0.64	0.75	0.67	0.65	0.81	-0.14	0.75	0.77	IIIV
ESMT	0.32	0.64		0.48	0.39	0.18	0.51	0.12	0.59	0.66	ESMT
EVCM	0.86	0.75	0.48		0.73	0.84	0.89	0.04	0.93	0.71	EVCM
NTCT	0.66	0.67	0.39	0.73		0.65	0.79	0.0	0.76	0.59	NTCT
CCSI	0.82	0.65	0.18	0.84	0.65		0.82	0.08	0.79	0.57	CCSI
CSGS	0.91	0.81	0.51	0.89	0.79	0.82		0.15	0.94	0.81	CSGS
FORG	0.24	-0.14	0.12	0.04	0.0	0.08	0.15		0.21	0.02	FORG
AVDX	0.88	0.75	0.59	0.93	0.76	0.79	0.94	0.21		0.82	AVDX
BASE	0.69	0.77	0.66	0.71	0.59	0.57	0.81	0.02	0.82		BASE
	EVTC	IIIV	ESMT	EVCM	NTCT	CCSI	CSGS	FORG	AVDX	BASE

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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

AVDX	+ 0.94	CSGS
AVDX	+ 0.93	EVCM
CSGS	+ 0.91	EVTC
CSGS	+ 0.89	EVCM
AVDX	+ 0.88	EVTC
EVCM	+ 0.86	EVTC

High negative correlations

FORG	- 0.14	IIIV
FORG	- 0.0	NTCT

Risk-Adjusted Indicators

There is a big difference between Euronet Stock performing well and Euronet Worldwide 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 Euronet Worldwide'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
EVTC	1.11	0.06	0.03	0.18	1.28	(1.15)	2.43	(2.30)	8.27
IIIV	1.58	0.00	0.02	0.12	2.06	(1.64)	3.56	(4.70)	11.13
ESMT	1.57	0.12	0.00	(0.79)	1.90	(1.59)	3.90	(2.93)	9.34
EVCM	1.36	0.05	0.06	0.15	1.64	(1.59)	3.46	(2.45)	13.03
NTCT	1.44	0.03	0.08	0.13	1.40	(1.64)	3.29	(2.50)	10.35
CCSI	1.97	0.01	0.07	0.12	2.08	(2.23)	4.16	(3.61)	20.68
CSGS	1.16	0.14	0.13	0.25	0.84	(1.40)	2.65	(1.69)	11.25
FORG	0.78	(0.03)	0.00	(0.46)	0.00	0.00	1.78	(1.49)	6.71
AVDX	1.69	0.24	0.23	0.21	1.44	(2.11)	4.07	(2.79)	17.17
BASE	2.36	(0.01)	(0.01)	0.10	4.49	(2.38)	5.12	(4.51)	28.38

Euronet Worldwide Corporate Management

Rick CPA	Chief VP	Profile
Karyn Zaborny	Human VP	Profile
Scott Claassen	General Secretary	Profile
Himanshu Pujara	Senior Payments	Profile
Tony Warren	Managing Software	Profile

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