PureCycle Technologies Correlations

PCTTW Stock

USD 4.97 0.36 7.81%

The current 90-days correlation between PureCycle Technologies and Global E Online is -0.11 (i.e., Good 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 and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PureCycle Technologies 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. 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	Pair Corr
0.87	ARQ	Arq Inc	Pair Corr
0.87	FSS	Federal Signal	Pair Corr
0.95	FTEK	Fuel Tech	Pair Corr
0.97	PCT	Purecycle Technologies	Pair Corr
0.62	ZWS	Zurn Elkay Water	Pair Corr
0.86	ADUR	Aduro Clean Technologies Upward Rally	Pair Corr
0.93	PCTTU	Purecycle Technologies Upward Rally	Pair Corr
0.8	TOMZ	TOMI Environmental	Pair Corr
0.81	CECO	CECO Environmental Corp	Pair Corr
0.77	J	Jacobs Solutions	Pair Corr
0.76	R	Ryder System	Pair Corr
0.9	DIST	Distoken Acquisition	Pair Corr
0.74	AL	Air Lease	Pair Corr
0.68	AP	Ampco Pittsburgh	Pair Corr
0.88	AZ	A2Z Smart Technologies	Pair Corr
0.66	BA	Boeing Sell-off Trend	Pair Corr
0.89	BE	Bloom Energy Corp	Pair Corr
0.79	BW	Babcock Wilcox Enter	Pair Corr
0.62	BZ	Kanzhun Ltd ADR	Pair Corr
0.65	CP	Canadian Pacific Railway	Pair Corr
0.8	CR	Crane Company	Pair Corr
0.88	CW	Curtiss Wright	Pair Corr
0.7	DE	Deere Company	Pair Corr
0.85	DY	Dycom Industries	Pair Corr
0.72	GD	General Dynamics	Pair Corr

Moving against PureCycle Stock

0.66	ERII	Energy Recovery	Pair Corr
0.35	CHNR	China Natural Resources	Pair Corr
0.58	G	Genpact Limited	Pair Corr
0.83	NL	NL Industries	Pair Corr
0.81	PC	Premium Catering	Pair Corr
0.69	GP	GreenPower Motor	Pair Corr
0.63	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	GLBE	DLPN	CF	COE	LXFR	NCMI	STGW	QNST
GLBE		0.03	-0.22	-0.23	0.13	0.09	0.48	0.46	GLBE
DLPN	0.03		0.68	0.65	0.66	-0.56	-0.42	0.08	DLPN
CF	-0.22	0.68		0.78	0.8	-0.72	-0.74	-0.31	CF
COE	-0.23	0.65	0.78		0.69	-0.64	-0.67	-0.19	COE
LXFR	0.13	0.66	0.8	0.69		-0.81	-0.49	-0.14	LXFR
NCMI	0.09	-0.56	-0.72	-0.64	-0.81		0.69	0.3	NCMI
STGW	0.48	-0.42	-0.74	-0.67	-0.49	0.69		0.63	STGW
QNST	0.46	0.08	-0.31	-0.19	-0.14	0.3	0.63		QNST
	GLBE	DLPN	CF	COE	LXFR	NCMI	STGW	QNST

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

LXFR	+ 0.8	CF
COE	+ 0.78	CF
LXFR	+ 0.69	COE
STGW	+ 0.69	NCMI
CF	+ 0.68	DLPN
LXFR	+ 0.66	DLPN

High negative correlations

NCMI	- 0.81	LXFR
STGW	- 0.74	CF
NCMI	- 0.72	CF
STGW	- 0.67	COE
NCMI	- 0.64	COE
NCMI	- 0.56	DLPN

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
GLBE	2.57	(0.25)	0.00	(0.05)	0.00	0.00	4.52	(5.18)	40.17
DLPN	2.60	0.42	0.11	0.54	2.98	(3.27)	6.31	(6.67)	21.89
CF	1.44	0.29	0.09	0.79	2.34	(1.42)	2.98	(3.46)	10.32
COE	3.37	0.71	0.12	40.48	4.22	(3.67)	8.91	(9.04)	24.60
LXFR	2.03	0.04	0.02	0.11	2.51	(2.18)	5.00	(3.61)	13.86
NCMI	2.12	(0.37)	0.00	(0.54)	0.00	0.00	3.75	(4.62)	18.36
STGW	2.96	(0.45)	0.00	(0.24)	0.00	0.00	5.27	(6.73)	24.48
QNST	2.32	(0.12)	0.00	1.21	0.00	0.00	4.47	(4.83)	23.01

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