EPAM Systems Correlations

Stocks . USA . 
Stock . EPAM Systems
EPAM Stock  USD 186.90  0.00  0.00%   
The current 90-days correlation between EPAM Systems and Aurora Innovation is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EPAM Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EPAM Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

EPAM Systems Correlation With Market

Significant diversification

The correlation between EPAM Systems and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EPAM Systems and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with EPAM Stock

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  0.7VNET VNET Group DRCPairCorr
  0.73VRRM Verra Mobility CorpPairCorr
  0.98ACN Accenture plcPairCorr
  0.61AUR Aurora InnovationPairCorr
  0.95DXC DXC TechnologyPairCorr
  0.73GDS GDS Holdings Earnings Call This WeekPairCorr
  0.84GIB CGI IncPairCorr
  0.73GMM Global Mofy MetaversePairCorr
  0.72IBM International BusinessPairCorr
  0.83UIS Unisys Buyout TrendPairCorr
  0.93VYX NCR Voyix Tech BoostPairCorr
  0.97WIT Wipro Limited ADRPairCorr
  0.97GDYN Grid Dynamics HoldingsPairCorr
  0.77WRD WeRide American Depo Downward RallyPairCorr
  0.95XRX Xerox CorpPairCorr
  0.97GLOB Globant SA Earnings Call This WeekPairCorr
  0.87HCKT Hackett GroupPairCorr
  0.96INFY Infosys Ltd ADRPairCorr

Moving against EPAM Stock

  0.66III Information ServicesPairCorr
  0.62GLE Global Engine GroupPairCorr
  0.38LDOS Leidos HoldingsPairCorr
  0.38MGIC Magic Software Enter Earnings Call TomorrowPairCorr

Related Correlations Analysis

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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   
DXC
+ 0.97
INFY
CNDT
+ 0.96
INFY
CNDT
+ 0.95
NOTE
DXC
+ 0.95
CNDT
KD
+ 0.94
INFY
DXC
+ 0.94
KD
  
High negative correlations   
FIS
- 0.45
INOD
FIS
- 0.29
NOTE
FIS
- 0.19
CNDT
FIS
- 0.11
INFY
DXC
- 0.05
FIS

Risk-Adjusted Indicators

There is a big difference between EPAM Stock performing well and EPAM Systems 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 EPAM Systems' 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.

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