Shift4 Payments Correlations

FOUR Stock

USD 91.82 2.71 3.04%

The current 90-days correlation between Shift4 Payments and Samsara is 0.4 (i.e., Very weak diversification). The correlation of Shift4 Payments 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.

Shift4 Payments Correlation With Market

Weak diversification

The correlation between Shift4 Payments 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 Shift4 Payments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shift4 Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Shift4 Payments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Shift4 Stock, please use our How to Invest in Shift4 Payments guide.

Moving together with Shift4 Stock

0.63	G	Genpact Limited	Pair Corr
0.91	HNI	HNI Corp	Pair Corr
0.79	TIC	Acuren Potential Growth	Pair Corr
0.71	TRI	Thomson Reuters	Pair Corr

Moving against Shift4 Stock

0.67	KBR	KBR Inc	Pair Corr
0.42	WM	Waste Management	Pair Corr
0.4	VCIG	VCI Global Limited Earnings Call This Week	Pair Corr
0.37	VSEC	VSE Corporation	Pair Corr
0.36	BR	Broadridge Financial	Pair Corr
0.32	EXLS	ExlService Holdings	Pair Corr
0.31	NL	NL Industries	Pair Corr
0.49	HCSG	Healthcare Services	Pair Corr
0.45	ICFI	ICF International	Pair Corr
0.37	HURN	Huron Consulting	Pair Corr
0.31	CTAS	Cintas	Pair Corr

Related Correlations Analysis

	IOT	FLYW	DLO	CFLT	ADYEY	GTM	BILL	NCNO	TOST
IOT		-0.46	-0.29	0.29	0.54	-0.29	0.49	-0.49	-0.32	IOT
FLYW	-0.46		0.49	-0.03	-0.42	0.29	0.06	0.21	0.22	FLYW
DLO	-0.29	0.49		-0.03	-0.29	0.02	-0.07	0.26	-0.04	DLO
CFLT	0.29	-0.03	-0.03		0.5	0.37	0.74	0.47	0.04	CFLT
ADYEY	0.54	-0.42	-0.29	0.5		-0.22	0.23	-0.18	-0.47	ADYEY
GTM	-0.29	0.29	0.02	0.37	-0.22		0.33	0.68	0.81	GTM
BILL	0.49	0.06	-0.07	0.74	0.23	0.33		0.2	0.11	BILL
NCNO	-0.49	0.21	0.26	0.47	-0.18	0.68	0.2		0.54	NCNO
TOST	-0.32	0.22	-0.04	0.04	-0.47	0.81	0.11	0.54		TOST
	IOT	FLYW	DLO	CFLT	ADYEY	GTM	BILL	NCNO	TOST

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

TOST	+ 0.81	GTM
BILL	+ 0.74	CFLT
NCNO	+ 0.68	GTM
ADYEY	+ 0.54	IOT
TOST	+ 0.54	NCNO
ADYEY	+ 0.5	CFLT

High negative correlations

NCNO	- 0.49	IOT
TOST	- 0.47	ADYEY
FLYW	- 0.46	IOT
ADYEY	- 0.42	FLYW
TOST	- 0.32	IOT
ADYEY	- 0.29	DLO

Risk-Adjusted Indicators

There is a big difference between Shift4 Stock performing well and Shift4 Payments 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 Shift4 Payments' 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
IOT	1.96	(0.60)	0.00	(0.37)	0.00	0.00	2.84	(4.55)	10.37
FLYW	2.05	0.07	0.03	0.15	2.33	(2.41)	3.65	(4.36)	21.14
DLO	2.70	0.70	0.37	0.39	1.57	(3.45)	6.56	(3.51)	14.78
CFLT	2.19	(0.38)	0.00	(0.11)	0.00	0.00	4.02	(3.54)	37.01
ADYEY	1.50	(0.02)	0.00	0.14	0.00	0.00	3.19	(3.29)	8.95
GTM	2.05	(0.17)	0.00	(0.01)	0.00	0.00	3.98	(3.70)	12.37
BILL	1.79	(0.40)	0.00	(0.15)	0.00	0.00	3.51	(3.98)	10.73
NCNO	1.54	0.08	0.06	0.14	1.55	(1.78)	4.28	(2.64)	9.53
TOST	1.75	(0.08)	(0.02)	0.02	2.45	(1.78)	3.02	(3.71)	11.20

Shift4 Payments Corporate Management

Nate Hirshberg	Senior Marketing	Profile
Nancy CPA	Chief Officer	Profile
Tim Ernst	Senior ENGINEERING	Profile
James Whalen	Chief Officer	Profile
Steven Sommers	Chief Architect	Profile

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