EverCommerce Inc. Common Stock (EVCM) — Stock Correlations & Overview
Over the past year, EVCM has moved most closely with AVPT, ACIW, XPER. Explore the stocks most correlated and inversely correlated with EVCM below, along with its price, financials, and company profile.
Stocks correlated with EVCM
Correlation of daily returns. Higher positive values move with EVCM; negative values move opposite it. Informational only, not investment advice.
Most correlated with EVCM
| Symbol | Company | Correlation |
|---|---|---|
| AVPT | AvePoint, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.48 |
| ACIW | ACI Worldwide, Inc.SERVICES-PREPACKAGED SOFTWARE | 0.46 |
| XPER | Xperi IncSERVICES-PREPACKAGED SOFTWARE | 0.43 |
| YELP | YELP INC.SERVICES-PERSONAL SERVICES | 0.42 |
| CGNT | Cognyte Software Ltd. Ordinary Shares | 0.42 |
Most inversely correlated with EVCM
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.38 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.34 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.34 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.34 |
| CARD | MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.28 |
Frequently asked questions about EVCM correlations
- Which stocks are most correlated with EVCM?
- Based on one year of daily returns, the stocks most correlated with EverCommerce Inc. Common Stock (EVCM) are AVPT (0.48), ACIW (0.46) and XPER (0.43). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with EVCM?
- Over the past year, the stocks most inversely correlated with EverCommerce Inc. Common Stock (EVCM) are HDGE (-0.38), SCC (-0.34) and DWSH (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these EVCM correlations calculated?
- We compute the correlation of daily returns between EVCM and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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