Everi Holdings Correlations

EVRI Stock

USD 13.35 0.02 0.15%

The current 90-days correlation between Everi Holdings and Accel Entertainment is 0.18 (i.e., Average diversification). The correlation of Everi Holdings 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.

Everi Holdings Correlation With Market

Modest diversification

The correlation between Everi Holdings and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everi Holdings 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 Everi Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Everi Stock please use our How to Invest in Everi Holdings guide.

Moving together with Everi Stock

0.9	BYD	Boyd Gaming	Pair Corr
0.69	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.93	WEN	The Wendys	Pair Corr
0.94	KRUS	Kura Sushi USA Fiscal Year End 13th of November 2024	Pair Corr
0.82	PLAY	Dave Busters Enterta	Pair Corr
0.9	PLYA	Playa Hotels Resorts	Pair Corr
0.63	PTLO	Portillos	Pair Corr
0.67	SHAK	Shake Shack	Pair Corr
0.87	BJRI	BJs Restaurants	Pair Corr
0.69	BTBD	Bt Brands	Pair Corr
0.8	CAKE	The Cheesecake Factory	Pair Corr
0.77	HD	Home Depot Earnings Call This Week	Pair Corr
0.73	JD	JD Inc Adr Earnings Call This Week	Pair Corr
0.85	WRBY	Warby Parker	Pair Corr

Moving against Everi Stock

0.84	MOND	Mondee Holdings Earnings Call This Week	Pair Corr
0.83	PNST	Pinstripes Holdings Symbol Change	Pair Corr
0.8	NDLS	Noodles Company	Pair Corr
0.66	ARKR	Ark Restaurants Corp	Pair Corr
0.62	BTCTW	BTC Digital	Pair Corr
0.46	WING	Wingstop	Pair Corr
0.45	BTBDW	BT Brands Warrant	Pair Corr
0.44	XPOF	Xponential Fitness Upward Rally	Pair Corr
0.32	BH	Biglari Holdings	Pair Corr
0.87	EDTK	Skillful Craftsman	Pair Corr
0.78	BGI	Birks Group	Pair Corr
0.68	WTO	UTime Limited	Pair Corr
0.65	GPC	Genuine Parts	Pair Corr
0.61	ETSY	Etsy Inc Sell-off Trend	Pair Corr
0.5	YJ	Yunji Inc	Pair Corr
0.47	GV	Visionary Education	Pair Corr
0.36	GAP	Gap, Symbol Change	Pair Corr
0.36	STG	Sunlands Technology	Pair Corr

Related Correlations Analysis

	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC
ACEL		0.3	0.55	0.28	-0.14	0.29	0.36	0.28	0.55	-0.24	ACEL
LNW	0.3		-0.24	0.77	-0.7	0.21	-0.4	-0.25	0.29	0.04	LNW
INSE	0.55	-0.24		-0.37	0.53	0.35	0.61	0.24	0.21	-0.09	INSE
IGT	0.28	0.77	-0.37		-0.85	-0.08	-0.56	-0.44	0.35	0.0	IGT
AGS	-0.14	-0.7	0.53	-0.85		0.35	0.49	0.24	-0.25	-0.01	AGS
CHDN	0.29	0.21	0.35	-0.08	0.35		0.29	-0.11	0.14	-0.03	CHDN
NGMS	0.36	-0.4	0.61	-0.56	0.49	0.29		0.4	0.13	-0.33	NGMS
CDRO	0.28	-0.25	0.24	-0.44	0.24	-0.11	0.4		-0.05	-0.07	CDRO
GAMB	0.55	0.29	0.21	0.35	-0.25	0.14	0.13	-0.05		-0.13	GAMB
CPHC	-0.24	0.04	-0.09	0.0	-0.01	-0.03	-0.33	-0.07	-0.13		CPHC
	ACEL	LNW	INSE	IGT	AGS	CHDN	NGMS	CDRO	GAMB	CPHC

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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

IGT	+ 0.77	LNW
NGMS	+ 0.61	INSE
INSE	+ 0.55	ACEL
GAMB	+ 0.55	ACEL
AGS	+ 0.53	INSE
NGMS	+ 0.49	AGS

High negative correlations

AGS	- 0.85	IGT
AGS	- 0.7	LNW
NGMS	- 0.56	IGT
CDRO	- 0.44	IGT
NGMS	- 0.4	LNW
IGT	- 0.37	INSE

Risk-Adjusted Indicators

There is a big difference between Everi Stock performing well and Everi Holdings 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 Everi Holdings' 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
ACEL	1.00	(0.04)	(0.03)	0.12	1.08	(1.14)	2.04	(2.30)	5.46
LNW	1.46	(0.08)	(0.03)	0.05	3.81	(1.32)	3.20	(2.33)	23.34
INSE	1.66	0.16	0.07	0.30	1.99	(1.77)	4.41	(3.37)	10.43
IGT	0.96	(0.21)	0.00	(0.04)	0.00	0.00	2.05	(1.92)	5.11
AGS	0.17	0.02	(0.51)	0.41	0.00	(0.23)	0.44	(0.27)	1.06
CHDN	1.02	(0.06)	(0.04)	0.10	1.04	(1.17)	2.12	(2.08)	8.21
NGMS	3.64	1.53	0.61	3.34	1.18	(4.41)	2.12	(2.60)	113.40
CDRO	1.04	(0.07)	0.00	0.52	0.00	0.00	2.56	(1.70)	5.83
GAMB	1.59	(0.07)	0.03	0.12	1.46	(2.08)	2.86	(2.31)	27.95
CPHC	1.41	(0.11)	0.00	(0.20)	0.00	0.00	3.39	(3.34)	9.96

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