EGain Correlations
| EGAN Stock | USD 5.98 0.04 0.67% |
The correlation of EGain is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EGain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EGain moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EGain. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in EGain Stock, please use our How to Invest in EGain guide.EGain |
The ability to find closely correlated positions to EGain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EGain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EGain - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EGain to buy it.
Moving together with EGain Stock
| + | 0.76 | ENLV | Enlivex Therapeutics | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.69 | ENPH | Enphase Energy | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.68 | HPQ | HP Inc | Fiscal Quarter End 31st of October 2023 | PairCorr | |
| + | 0.83 | MCD | McDonalds | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| + | 0.85 | AA | Alcoa Corp | Fiscal Quarter End 30th of September 2023 | PairCorr |
Moving against EGain Stock
| - | 0.79 | CVX | Chevron Corp | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.78 | CSCO | Cisco Systems | Fiscal Quarter End 31st of October 2023 | PairCorr | |
| - | 0.7 | IBM | International Business | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.68 | CB | Chubb | Sell-off Trend | PairCorr | |
| - | 0.68 | WMT | Walmart | Fiscal Quarter End 31st of October 2023 | PairCorr | |
| - | 0.49 | INTC | Intel | Fiscal Quarter End 30th of September 2023 | PairCorr |
Related Correlations Analysis
QLYS | INBP | DDOG | SPNS | CDNS | HNFSB | ACI | MRRTY | ||
QLYS | -0.71 | -0.46 | 0.89 | 0.17 | -0.71 | 0.69 | -0.23 | QLYS | |
INBP | -0.71 | 0.51 | -0.58 | -0.09 | 0.66 | -0.49 | 0.44 | INBP | |
DDOG | -0.46 | 0.51 | -0.54 | 0.49 | 0.34 | -0.26 | 0.21 | DDOG | |
SPNS | 0.89 | -0.58 | -0.54 | -0.05 | -0.49 | 0.46 | -0.03 | SPNS | |
CDNS | 0.17 | -0.09 | 0.49 | -0.05 | -0.46 | 0.44 | -0.2 | CDNS | |
HNFSB | -0.71 | 0.66 | 0.34 | -0.49 | -0.46 | -0.85 | 0.5 | HNFSB | |
ACI | 0.69 | -0.49 | -0.26 | 0.46 | 0.44 | -0.85 | -0.48 | ACI | |
MRRTY | -0.23 | 0.44 | 0.21 | -0.03 | -0.2 | 0.5 | -0.48 | MRRTY | |
QLYS | INBP | DDOG | SPNS | CDNS | HNFSB | ACI | MRRTY |
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between EGain Stock performing well and EGain 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 EGain'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| QLYS | 1.26 | 0.31 | 0.20 | 0.23 | 1.23 | 0.19 | (1.38) | 2.95 | (2.30) | 7.95 |
| INBP | 1.56 | (0.25) | 0.00 | 0.27 | 0.00 | (0.06) | 0.00 | 3.57 | (6.90) | 28.94 |
| DDOG | 1.97 | (0.03) | 0.00 | (0.03) | 0.00 | (0.0136) | 0.00 | 3.91 | (4.04) | 21.22 |
| SPNS | 1.13 | 0.15 | 0.11 | 0.32 | 1.20 | 0.1 | (1.28) | 2.25 | (2.46) | 8.98 |
| CDNS | 1.19 | 0.04 | 0.03 | 0.02 | 1.47 | 0.0252 | (1.19) | 2.62 | (2.37) | 7.18 |
| HNFSB | 0.11 | (0.06) | 0.00 | 0.44 | 0.00 | (0.11) | 0.00 | 0.00 | 0.00 | 4.21 |
| ACI | 0.52 | 0.12 | 0.20 | 0.34 | 0.44 | 0.17 | (0.60) | 1.35 | (0.93) | 3.40 |
| MRRTY | 2.19 | (0.13) | 0.00 | (0.10) | 0.00 | (0.0466) | 0.00 | 3.70 | (4.83) | 18.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in EGain without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Commodity Channel Now
Commodity ChannelUse Commodity Channel Index to analyze current equity momentum |
| All Next | Launch Module |
EGain Corporate Directors
EGain corporate directors refer to members of an EGain board of directors. The board of directors generally takes responsibility for the EGain's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of EGain's board members must vote for the resolution. The EGain board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gunjan Sinha | Co-Founder, Director, Member of Audit Committee, Member of Nominating and Corporate Governance Committee, Member of Compensation Committee and Member of Stock Option Committee | Profile | |
| Brett Shockley | Director | Profile | |
| Phiroz Darukhanavala | Independent Director | Profile | |
| Christine Russell | Director | Profile |
Already Invested in EGain?
The danger of trading EGain is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of EGain is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than EGain. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EGain is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EGain. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. To learn how to invest in EGain Stock, please use our How to Invest in EGain guide. Note that the EGain information on this page should be used as a complementary analysis to other EGain's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for EGain Stock analysis
When running EGain's price analysis, check to measure EGain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EGain is operating at the current time. Most of EGain's value examination focuses on studying past and present price action to predict the probability of EGain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EGain's price. Additionally, you may evaluate how the addition of EGain to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
Is EGain's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EGain. If investors know EGain will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EGain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 0.06 | Revenue Per Share 3.067 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0068 |
The market value of EGain is measured differently than its book value, which is the value of EGain that is recorded on the company's balance sheet. Investors also form their own opinion of EGain's value that differs from its market value or its book value, called intrinsic value, which is EGain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EGain's market value can be influenced by many factors that don't directly affect EGain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EGain's value and its price as these two are different measures arrived at by different means. Investors typically determine if EGain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EGain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.