Paymentus Holdings Correlations

PAY Stock

USD 37.81 0.12 0.32%

The current 90-days correlation between Paymentus Holdings and EngageSmart LLC is -0.02 (i.e., Good diversification). The correlation of Paymentus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Paymentus Holdings Correlation With Market

Weak diversification

The correlation between Paymentus Holdings and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paymentus Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paymentus 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 nation.

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

Moving together with Paymentus Stock

0.66	KE	Kimball Electronics	Pair Corr
0.75	EBON	Ebang International Upward Rally	Pair Corr
0.86	EHGO	Eshallgo Class A	Pair Corr
0.82	FLEX	Flex	Pair Corr
0.65	GLW	Corning Incorporated	Pair Corr
0.65	JBL	Jabil Circuit	Pair Corr
0.71	ZBRA	Zebra Technologies	Pair Corr
0.89	IDCC	InterDigital	Pair Corr
0.95	IONQ	IONQ Inc Upward Rally	Pair Corr
0.73	KULR	KULR Technology Group Buyout Trend	Pair Corr
0.75	KVHI	KVH Industries	Pair Corr
0.74	NTGR	NETGEAR	Pair Corr
0.72	OSIS	OSI Systems	Pair Corr
0.88	OUST	Ouster Inc	Pair Corr
0.64	PDYN	Palladyne AI Corp Symbol Change	Pair Corr
0.81	PLXS	Plexus Corp	Pair Corr

Moving against Paymentus Stock

0.92	VRME	VerifyMe	Pair Corr
0.88	CDW	CDW Corp	Pair Corr
0.83	IVAC	Intevac	Pair Corr
0.49	DM	Desktop Metal	Pair Corr
0.43	EVLV	Evolv Technologies Trending	Pair Corr
0.37	STX	Seagate Technology PLC	Pair Corr
0.84	SHMD	SCHMID Group NV	Pair Corr
0.74	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr
0.69	CRCT	Cricut Inc	Pair Corr
0.6	SMCI	Super Micro Computer Downward Rally	Pair Corr
0.5	OPTX	Syntec Optics Holdings	Pair Corr
0.43	NTIP	Network 1 Technologies	Pair Corr
0.41	TRSG	Tungray Technologies	Pair Corr

Related Correlations Analysis

	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI
ESMT		0.43	0.6	0.43	0.59	0.69	0.51	0.41	0.08	0.33	ESMT
EVTC	0.43		0.7	0.81	0.61	0.85	0.72	0.82	0.55	0.83	EVTC
BASE	0.6	0.7		0.84	0.67	0.72	0.74	0.73	0.27	0.68	BASE
FLYW	0.43	0.81	0.84		0.74	0.77	0.88	0.86	0.5	0.92	FLYW
IIIV	0.59	0.61	0.67	0.74		0.79	0.82	0.79	0.36	0.65	IIIV
ACIW	0.69	0.85	0.72	0.77	0.79		0.79	0.84	0.38	0.77	ACIW
RELY	0.51	0.72	0.74	0.88	0.82	0.79		0.89	0.54	0.8	RELY
EVCM	0.41	0.82	0.73	0.86	0.79	0.84	0.89		0.49	0.83	EVCM
GB	0.08	0.55	0.27	0.5	0.36	0.38	0.54	0.49		0.48	GB
IMXI	0.33	0.83	0.68	0.92	0.65	0.77	0.8	0.83	0.48		IMXI
	ESMT	EVTC	BASE	FLYW	IIIV	ACIW	RELY	EVCM	GB	IMXI

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Risk-Adjusted Indicators

There is a big difference between Paymentus Stock performing well and Paymentus 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 Paymentus 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
ESMT	1.57	0.10	(0.01)	1.26	1.90	(1.59)	3.90	(2.93)	9.34
EVTC	1.21	(0.01)	0.00	0.12	1.61	(1.21)	2.43	(2.66)	8.27
BASE	2.32	0.00	0.02	0.13	3.52	(2.39)	5.12	(4.51)	20.08
FLYW	1.97	0.35	0.15	0.60	1.74	(2.40)	3.74	(2.85)	19.12
IIIV	1.58	0.04	0.04	0.16	1.86	(1.69)	3.56	(3.03)	10.92
ACIW	1.44	0.06	0.06	0.17	1.53	(1.63)	3.72	(2.98)	12.56
RELY	1.85	0.64	0.39	2.66	0.92	(2.42)	4.10	(2.07)	20.30
EVCM	1.36	0.03	0.06	0.15	1.67	(1.61)	3.46	(2.45)	13.03
GB	2.70	0.39	0.07	5.43	3.54	(2.95)	6.48	(5.13)	23.79
IMXI	1.33	0.15	0.10	0.27	1.29	(1.60)	2.74	(1.76)	13.65

Paymentus Holdings Corporate Management

Gerasimos Portocalis	Chief Commercial Officer	Profile
Paul Seamon	VP Strategy	Profile
Andrew Gerber	G Sec	Profile
Adam Malinowski	Independent Director	Profile
Jason Klein	Independent Director	Profile

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