Euronet Worldwide Correlations

EEFT Stock

USD 107.49 0.64 0.60%

The current 90-days correlation between Euronet Worldwide and Evertec is -0.15 (i.e., Good 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

Good diversification

The correlation between Euronet Worldwide and DJI is -0.07 (i.e., Good 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 against Euronet Stock

0.62	EXPO	Exponent	Pair Corr
0.59	ABM	ABM Industries	Pair Corr
0.47	FC	Franklin Covey	Pair Corr
0.45	DLHC	DLH Holdings Corp	Pair Corr
0.4	VLTO	Veralto	Pair Corr
0.34	BV	BrightView Holdings	Pair Corr
0.34	FA	First Advantage Corp	Pair Corr
0.31	VIRC	Virco Manufacturing	Pair Corr
0.53	FCN	FTI Consulting	Pair Corr
0.49	AXR	AMREP	Pair Corr
0.49	CLH	Clean Harbors	Pair Corr
0.49	FOUR	Shift4 Payments	Pair Corr
0.48	FORR	Forrester Research	Pair Corr
0.47	AWX	Avalon Holdings	Pair Corr
0.47	EFX	Equifax	Pair Corr
0.38	DLX	Deluxe	Pair Corr
0.36	CBZ	CBIZ Inc	Pair Corr
0.35	DNB	Dun Bradstreet Holdings	Pair Corr
0.33	BCO	Brinks Company	Pair Corr

Related Correlations Analysis

	EVTC	IIIV	ESMT	EVCM	NTCT	CCSI	CSGS	FORG	AVDX	BASE
EVTC		-0.12	0.0	-0.33	-0.58	-0.53	0.35	0.0	-0.81	-0.48	EVTC
IIIV	-0.12		0.0	0.2	0.72	0.63	0.68	0.0	0.07	0.69	IIIV
ESMT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESMT
EVCM	-0.33	0.2	0.0		0.37	0.25	-0.37	0.0	0.73	0.16	EVCM
NTCT	-0.58	0.72	0.0	0.37		0.83	0.34	0.0	0.57	0.79	NTCT
CCSI	-0.53	0.63	0.0	0.25	0.83		0.34	0.0	0.49	0.74	CCSI
CSGS	0.35	0.68	0.0	-0.37	0.34	0.34		0.0	-0.48	0.35	CSGS
FORG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FORG
AVDX	-0.81	0.07	0.0	0.73	0.57	0.49	-0.48	0.0		0.36	AVDX
BASE	-0.48	0.69	0.0	0.16	0.79	0.74	0.35	0.0	0.36		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

CCSI	+ 0.83	NTCT
BASE	+ 0.79	NTCT
BASE	+ 0.74	CCSI
AVDX	+ 0.73	EVCM
NTCT	+ 0.72	IIIV
BASE	+ 0.69	IIIV

High negative correlations

AVDX	- 0.81	EVTC
NTCT	- 0.58	EVTC
CCSI	- 0.53	EVTC
AVDX	- 0.48	CSGS
BASE	- 0.48	EVTC
CSGS	- 0.37	EVCM

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	1.20	0.16	0.13	0.20	1.27	(1.45)	1.72	(1.85)	18.48
IIIV	1.58	0.12	0.09	1.77	1.84	(1.66)	2.87	(2.81)	13.80
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVCM	1.54	(0.09)	0.00	(0.11)	0.00	0.00	3.47	(3.32)	10.24
NTCT	1.37	0.03	0.00	(0.03)	0.00	0.00	2.20	(2.75)	16.99
CCSI	2.08	0.07	0.00	(0.01)	0.00	0.00	4.16	(4.21)	20.81
CSGS	1.25	0.31	0.21	0.25	1.15	(1.33)	2.82	(2.16)	8.74
FORG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVDX	1.91	(0.20)	0.00	(0.26)	0.00	0.00	3.09	(3.50)	23.74
BASE	2.25	0.09	0.04	1.98	3.18	(2.28)	4.93	(4.38)	22.01

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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