PAR Technology Correlations

PAR Technology Correlation With Market

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PAR Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in PAR Stock, please use our How to Invest in PAR Technology guide.

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 SRFM + 0.9 URI URI + 0.61 WLFC FMCKO + 0.56 SRFM SRFM + 0.53 WLFC DINO + 0.52 SBGI FMCKO + 0.48 URI

High negative correlations SRFM - 0.74 SBGI URI - 0.65 SBGI DINO - 0.65 WLFC DINO - 0.6 URI DINO - 0.58 SRFM HLFN - 0.44 WLFC

Risk-Adjusted Indicators

There is a big difference between PAR Stock performing well and PAR Technology 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 PAR Technology'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.