Purecycle Technologies Correlations

PCTTU Stock

USD 23.85 1.50 6.71%

The current 90-days correlation between Purecycle Technologies and Purecycle Technologies Holdings is 0.19 (i.e., Average diversification). The correlation of Purecycle 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.

Purecycle Technologies Correlation With Market

Good diversification

The correlation between Purecycle Technologies Holding and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Purecycle Technologies Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Purecycle Stock

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

For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.

Moving together with Purecycle Stock

0.64	VLTO	Veralto Earnings Call This Week	Pair Corr
0.84	ARQ	Arq Inc	Pair Corr
0.85	FSS	Federal Signal Earnings Call This Week	Pair Corr
0.91	FTEK	Fuel Tech	Pair Corr
0.97	PCT	Purecycle Technologies	Pair Corr
0.68	ZONE	CleanCore Solutions	Pair Corr
0.9	ADUR	Aduro Clean Technologies	Pair Corr
0.97	PCTTW	PureCycle Technologies	Pair Corr
0.65	TOMZ	TOMI Environmental	Pair Corr
0.82	CECO	CECO Environmental Corp Earnings Call This Week	Pair Corr
0.85	J	Jacobs Solutions	Pair Corr
0.79	R	Ryder System Earnings Call This Week	Pair Corr
0.83	DIST	Distoken Acquisition	Pair Corr
0.67	AL	Air Lease	Pair Corr
0.65	AP	Ampco Pittsburgh	Pair Corr
0.93	AZ	A2Z Smart Technologies	Pair Corr
0.74	BA	Boeing	Pair Corr
0.85	BE	Bloom Energy Corp	Pair Corr
0.72	BW	Babcock Wilcox Enter	Pair Corr
0.69	BZ	Kanzhun Ltd ADR	Pair Corr
0.77	CR	Crane Company Earnings Call This Week	Pair Corr
0.86	CW	Curtiss Wright	Pair Corr
0.85	DY	Dycom Industries	Pair Corr
0.82	GD	General Dynamics Earnings Call This Week	Pair Corr

Moving against Purecycle Stock

0.52	CHNR	China Natural Resources	Pair Corr
0.47	ERII	Energy Recovery	Pair Corr
0.87	PC	Premium Catering	Pair Corr
0.85	NL	NL Industries	Pair Corr
0.76	GP	GreenPower Motor	Pair Corr
0.5	MG	Mistras Group	Pair Corr
0.38	RR	Richtech Robotics Class Aggressive Push	Pair Corr

Related Correlations Analysis

	PCT	FSS	ATMU	ERII	PCTTW	AUUD	PPIH
PCT		0.91	0.55	-0.52	0.99	0.5	0.93	PCT
FSS	0.91		0.76	-0.67	0.88	0.56	0.83	FSS
ATMU	0.55	0.76		-0.54	0.5	0.24	0.45	ATMU
ERII	-0.52	-0.67	-0.54		-0.46	-0.57	-0.4	ERII
PCTTW	0.99	0.88	0.5	-0.46		0.47	0.94	PCTTW
AUUD	0.5	0.56	0.24	-0.57	0.47		0.4	AUUD
PPIH	0.93	0.83	0.45	-0.4	0.94	0.4		PPIH
	PCT	FSS	ATMU	ERII	PCTTW	AUUD	PPIH

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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

PCTTW	+ 0.99	PCT
PPIH	+ 0.94	PCTTW
PPIH	+ 0.93	PCT
FSS	+ 0.91	PCT
PCTTW	+ 0.88	FSS
PPIH	+ 0.83	FSS

High negative correlations

ERII	- 0.67	FSS
AUUD	- 0.57	ERII
ERII	- 0.54	ATMU
ERII	- 0.52	PCT
PCTTW	- 0.46	ERII
PPIH	- 0.4	ERII

Risk-Adjusted Indicators

There is a big difference between Purecycle Stock performing well and Purecycle 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 Purecycle 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
PCT	4.15	1.24	0.43	0.59	2.56	(5.27)	12.41	(4.89)	23.85
FSS	1.27	0.41	0.31	0.53	0.86	(1.58)	3.44	(2.00)	10.24
ATMU	1.22	0.01	0.03	0.14	1.38	(1.35)	2.75	(2.79)	8.29
ERII	1.77	(0.26)	0.00	(0.08)	0.00	0.00	2.85	(2.42)	21.40
PCTTW	8.78	2.88	0.31	3.57	7.27	(11.20)	35.00	(15.38)	52.95
AUUD	5.14	(0.11)	0.02	0.09	7.16	(5.56)	8.86	(13.18)	52.86
PPIH	3.82	1.18	0.36	2.95	2.36	(5.13)	13.57	(5.78)	33.89

Purecycle Technologies Corporate Management

Matt Cripe	Director Sales	Profile
Jaime Vasquez	Chief Officer	Profile
Dustin Olson	Chief Officer	Profile
Brett Hafer	Executive Tech	Profile

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