EZCORP Correlations
| EZPW Stock | USD 11.16 0.04 0.36% |
The correlation of EZCORP 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EZCORP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZCORP Inc 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.
Modest diversification
The correlation between EZCORP Inc and NYA 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 EZCORP Inc and NYA in the same portfolio, assuming nothing else is changed.
EZCORP |
The ability to find closely correlated positions to EZCORP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZCORP 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 EZCORP - 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 EZCORP Inc to buy it.
Moving together with EZCORP Stock
| 0.66 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.79 | MA | Mastercard Financial Report 25th of April 2024 | PairCorr |
| 0.69 | FCFS | FirstCash Earnings Call This Week | PairCorr |
| 0.89 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.73 | FNVT | Finnovate Acquisition | PairCorr |
| 0.72 | COF | Capital One Financial Earnings Call This Week | PairCorr |
| 0.83 | DFS | Discover Financial Financial Report 17th of July 2024 | PairCorr |
| 0.76 | NMR | Nomura Holdings ADR Earnings Call This Week | PairCorr |
| 0.73 | SYF | Synchrony Financial Earnings Call Tomorrow | PairCorr |
Moving against EZCORP Stock
| 0.7 | WAVS | Western Acquisition | PairCorr |
| 0.6 | ECPG | Encore Capital Group Financial Report 1st of May 2024 | PairCorr |
| 0.72 | FRHC | Freedom Holding Corp | PairCorr |
| 0.49 | BFIIW | BurgerFi International | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between EZCORP Stock performing well and EZCORP 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 EZCORP'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in EZCORP 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?
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EZCORP Corporate Directors
EZCORP corporate directors refer to members of an EZCORP board of directors. The board of directors generally takes responsibility for the EZCORP'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 EZCORP's board members must vote for the resolution. The EZCORP board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Matthew Appel | Director | Profile | |
| Thomas Roberts | Director | Profile | |
| Pablo Espinosa | Independent Director | Profile | |
| Rosa Zeegers | Independent Director | Profile |
Already Invested in EZCORP Inc?
The danger of trading EZCORP Inc 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 EZCORP 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 EZCORP. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EZCORP Inc 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.
When determining whether EZCORP Inc is a strong investment it is important to analyze EZCORP's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EZCORP's future performance. For an informed investment choice regarding EZCORP Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EZCORP Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for EZCORP Stock analysis
When running EZCORP's price analysis, check to measure EZCORP'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 EZCORP is operating at the current time. Most of EZCORP's value examination focuses on studying past and present price action to predict the probability of EZCORP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EZCORP's price. Additionally, you may evaluate how the addition of EZCORP to your portfolios can decrease your overall portfolio volatility.
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Is EZCORP'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 EZCORP. If investors know EZCORP 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 EZCORP 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 0.409 | Earnings Share 0.8 | Revenue Per Share 19.623 | Quarterly Revenue Growth 0.135 | Return On Assets 0.0457 |
The market value of EZCORP Inc is measured differently than its book value, which is the value of EZCORP that is recorded on the company's balance sheet. Investors also form their own opinion of EZCORP's value that differs from its market value or its book value, called intrinsic value, which is EZCORP'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 EZCORP's market value can be influenced by many factors that don't directly affect EZCORP'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 EZCORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if EZCORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZCORP'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.