Procore Technologies Correlations

PCOR Stock

USD 74.13 0.89 1.22%

The current 90-days correlation between Procore Technologies and nCino Inc is 0.35 (i.e., Weak diversification). The correlation of Procore Technologies 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.

Procore Technologies Correlation With Market

Poor diversification

The correlation between Procore Technologies and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procore Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Procore Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procore Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Procore Stock, please use our How to Invest in Procore Technologies guide.

Moving together with Procore Stock

0.68	U	Unity Software Aggressive Push	Pair Corr
0.82	AI	C3 Ai Inc	Pair Corr
0.8	BL	Blackline	Pair Corr
0.75	DT	Dynatrace Holdings LLC	Pair Corr
0.84	DV	DoubleVerify Holdings	Pair Corr
0.62	DOMO	Domo Inc Upward Rally	Pair Corr
0.71	VERB	Verb Technology	Pair Corr
0.66	DUOT	Duos Technologies	Pair Corr
0.77	VTEX	VTEX Downward Rally	Pair Corr
0.68	EGAN	eGain	Pair Corr
0.71	EGHT	8x8 Common Stock	Pair Corr
0.64	ESTC	Elastic NV	Pair Corr
0.71	ETWO	E2open Parent Holdings	Pair Corr
0.8	API	Agora Inc	Pair Corr
0.69	APP	Applovin Corp	Pair Corr

Moving against Procore Stock

0.45	VERX	Vertex	Pair Corr
0.62	EXFY	Expensify	Pair Corr
0.6	WETO	Webus International Tech Boost	Pair Corr
0.59	VMEO	Vimeo Inc	Pair Corr
0.35	EPWK	EPWK Holdings	Pair Corr
0.35	WALDW	Waldencast Acquisition	Pair Corr
0.36	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	NCNO	PCTY	PEGA	JAMF	FLYW	MNDY	CFLT	OLO	BRZE
NCNO		-0.34	0.61	-0.87	0.66	0.65	0.78	0.81	-0.33	NCNO
PCTY	-0.34		-0.12	0.69	-0.02	0.09	-0.32	0.02	0.88	PCTY
PEGA	0.61	-0.12		-0.46	0.6	0.66	0.59	0.61	-0.14	PEGA
JAMF	-0.87	0.69	-0.46		-0.53	-0.36	-0.63	-0.61	0.64	JAMF
FLYW	0.66	-0.02	0.6	-0.53		0.78	0.49	0.89	0.01	FLYW
MNDY	0.65	0.09	0.66	-0.36	0.78		0.63	0.77	0.16	MNDY
CFLT	0.78	-0.32	0.59	-0.63	0.49	0.63		0.57	-0.35	CFLT
OLO	0.81	0.02	0.61	-0.61	0.89	0.77	0.57		0.06	OLO
BRZE	-0.33	0.88	-0.14	0.64	0.01	0.16	-0.35	0.06		BRZE
	NCNO	PCTY	PEGA	JAMF	FLYW	MNDY	CFLT	OLO	BRZE

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

OLO	+ 0.89	FLYW
BRZE	+ 0.88	PCTY
OLO	+ 0.81	NCNO
CFLT	+ 0.78	NCNO
MNDY	+ 0.78	FLYW
OLO	+ 0.77	MNDY

High negative correlations

JAMF	- 0.87	NCNO
CFLT	- 0.63	JAMF
OLO	- 0.61	JAMF
FLYW	- 0.53	JAMF
JAMF	- 0.46	PEGA
MNDY	- 0.36	JAMF

Risk-Adjusted Indicators

There is a big difference between Procore Stock performing well and Procore Technologies 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 Procore Technologies' 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
NCNO	1.43	0.30	0.18	0.51	1.11	(1.73)	4.12	(2.25)	6.88
PCTY	1.27	(0.12)	(0.07)	0.00	1.83	(1.21)	2.54	(3.14)	9.61
PEGA	1.88	0.63	0.32	0.68	1.16	(2.08)	3.44	(3.40)	32.39
JAMF	1.80	(0.64)	0.00	(0.31)	0.00	0.00	3.39	(3.87)	12.16
FLYW	1.83	0.28	0.09	0.57	2.11	(2.04)	3.67	(4.08)	13.11
MNDY	1.84	0.08	0.06	0.19	2.27	(1.95)	4.05	(3.41)	13.49
CFLT	2.11	0.12	0.05	0.22	3.43	(2.39)	4.17	(3.55)	25.20
OLO	2.06	0.67	0.40	0.71	1.01	(2.78)	7.45	(2.64)	17.95
BRZE	2.18	(0.08)	(0.01)	0.06	3.97	(2.03)	3.79	(5.06)	24.95

Procore Technologies Corporate Management

Sandra Benson	Head Transformation	Profile
Kevin Oconnor	Non-Executive Independent Director	Profile
William Griffith	Non-Executive Independent Director	Profile
Linden Hillenbrand	Chief Officer	Profile
Joy Durling	Chief Officer	Profile
Lawrence Stack	Chief Officer	Profile
Graham Smith	Non-Executive Lead Independent Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC