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.
PureCycle | Build AI portfolio with PureCycle Stock |
Moving together with PureCycle Stock
0.64 | VLTO | Veralto | PairCorr |
0.87 | ARQ | Arq Inc | PairCorr |
0.87 | FSS | Federal Signal | PairCorr |
0.95 | FTEK | Fuel Tech | PairCorr |
0.97 | PCT | Purecycle Technologies | PairCorr |
0.62 | ZWS | Zurn Elkay Water | PairCorr |
0.86 | ADUR | Aduro Clean Technologies Upward Rally | PairCorr |
0.93 | PCTTU | Purecycle Technologies Upward Rally | PairCorr |
0.8 | TOMZ | TOMI Environmental | PairCorr |
0.81 | CECO | CECO Environmental Corp | PairCorr |
0.77 | J | Jacobs Solutions | PairCorr |
0.76 | R | Ryder System | PairCorr |
0.9 | DIST | Distoken Acquisition | PairCorr |
0.74 | AL | Air Lease | PairCorr |
0.68 | AP | Ampco Pittsburgh | PairCorr |
0.88 | AZ | A2Z Smart Technologies | PairCorr |
0.66 | BA | Boeing Sell-off Trend | PairCorr |
0.89 | BE | Bloom Energy Corp | PairCorr |
0.79 | BW | Babcock Wilcox Enter | PairCorr |
0.62 | BZ | Kanzhun Ltd ADR | PairCorr |
0.65 | CP | Canadian Pacific Railway | PairCorr |
0.8 | CR | Crane Company | PairCorr |
0.88 | CW | Curtiss Wright | PairCorr |
0.7 | DE | Deere Company | PairCorr |
0.85 | DY | Dycom Industries | PairCorr |
0.72 | GD | General Dynamics | PairCorr |
Moving against PureCycle Stock
0.66 | ERII | Energy Recovery | PairCorr |
0.35 | CHNR | China Natural Resources | PairCorr |
0.58 | G | Genpact Limited | PairCorr |
0.83 | NL | NL Industries | PairCorr |
0.81 | PC | Premium Catering | PairCorr |
0.69 | GP | GreenPower Motor | PairCorr |
0.63 | MG | Mistras Group | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
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 | 4.52 | 40.17 | |||
DLPN | 2.60 | 0.42 | 0.11 | 0.54 | 2.98 | 6.31 | 21.89 | |||
CF | 1.44 | 0.29 | 0.09 | 0.79 | 2.34 | 2.98 | 10.32 | |||
COE | 3.37 | 0.71 | 0.12 | 40.48 | 4.22 | 8.91 | 24.60 | |||
LXFR | 2.03 | 0.04 | 0.02 | 0.11 | 2.51 | 5.00 | 13.86 | |||
NCMI | 2.12 | (0.37) | 0.00 | (0.54) | 0.00 | 3.75 | 18.36 | |||
STGW | 2.96 | (0.45) | 0.00 | (0.24) | 0.00 | 5.27 | 24.48 | |||
QNST | 2.32 | (0.12) | 0.00 | 1.21 | 0.00 | 4.47 | 23.01 |