Piper Sandler Correlations

PIPR Stock

USD 312.97 0.70 0.22%

The current 90-days correlation between Piper Sandler Companies and Evercore Partners is 0.83 (i.e., Very poor diversification). The correlation of Piper Sandler 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.

Piper Sandler Correlation With Market

Poor diversification

The correlation between Piper Sandler Companies and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Piper Sandler Companies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Piper Stock

0.94	GS	Goldman Sachs Group	Pair Corr
0.98	MC	Moelis Earnings Call This Week	Pair Corr
0.94	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.8	WSBF	Waterstone Financial	Pair Corr
0.89	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.92	AXP	American Express	Pair Corr
0.96	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.97	EVR	Evercore Partners Earnings Call This Week	Pair Corr
0.96	HLI	Houlihan Lokey	Pair Corr
0.87	JXN	Jackson Financial	Pair Corr
0.98	LAZ	Lazard Earnings Call This Week	Pair Corr
0.9	OPY	Oppenheimer Holdings Earnings Call This Week	Pair Corr
0.97	PJT	PJT Partners	Pair Corr
0.92	PWP	Perella Weinberg Partners	Pair Corr
0.94	SCM	Stellus Capital Inve	Pair Corr
0.64	GAIN	Gladstone Investment	Pair Corr
0.93	GLAD	Gladstone Capital	Pair Corr
0.76	GROW	US Global Investors	Pair Corr
0.91	HTGC	Hercules Capital	Pair Corr
0.87	LMFA	LM Funding America Upward Rally	Pair Corr
0.9	MAIN	Main Street Capital	Pair Corr
0.64	OPFI	OppFi Inc	Pair Corr
0.91	PFLT	PennantPark Floating Rate	Pair Corr
0.82	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.94	ALLY	Ally Financial	Pair Corr

Moving against Piper Stock

0.5	EZPW	EZCORP Inc	Pair Corr
0.72	SRL	Scully Royalty	Pair Corr
0.39	MKTX	MarketAxess Holdings	Pair Corr
0.63	AIHS	Senmiao Technology	Pair Corr

Related Correlations Analysis

	AAMI	EVR	FBK	HLI	NBHC	OPY	PJT	SF	SNEX
AAMI		0.96	0.87	0.91	0.91	0.85	0.98	0.95	0.68	AAMI
EVR	0.96		0.86	0.96	0.89	0.92	0.98	0.97	0.66	EVR
FBK	0.87	0.86		0.92	0.93	0.86	0.87	0.86	0.8	FBK
HLI	0.91	0.96	0.92		0.9	0.95	0.95	0.94	0.65	HLI
NBHC	0.91	0.89	0.93	0.9		0.82	0.89	0.89	0.72	NBHC
OPY	0.85	0.92	0.86	0.95	0.82		0.91	0.9	0.61	OPY
PJT	0.98	0.98	0.87	0.95	0.89	0.91		0.95	0.68	PJT
SF	0.95	0.97	0.86	0.94	0.89	0.9	0.95		0.62	SF
SNEX	0.68	0.66	0.8	0.65	0.72	0.61	0.68	0.62		SNEX
	AAMI	EVR	FBK	HLI	NBHC	OPY	PJT	SF	SNEX

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Risk-Adjusted Indicators

There is a big difference between Piper Stock performing well and Piper Sandler 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 Piper Sandler'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AAMI	1.24	0.49	0.38	0.63	0.72	(1.57)	3.33	(1.80)	6.92
EVR	1.71	0.53	0.33	0.41	1.35	(2.05)	5.02	(2.86)	12.68
FBK	1.25	0.12	0.09	0.24	1.35	(1.41)	3.11	(1.98)	8.07
HLI	1.06	0.23	0.20	0.35	0.84	(1.28)	2.66	(2.01)	9.17
NBHC	1.24	0.12	0.05	0.29	1.54	(1.40)	2.65	(2.48)	8.68
OPY	1.15	0.28	0.20	0.47	0.92	(1.34)	2.65	(1.99)	6.32
PJT	1.32	0.34	0.25	0.40	0.95	(1.50)	3.57	(2.15)	8.46
SF	1.36	0.51	0.20	(1.03)	1.12	(1.52)	3.37	(2.43)	10.42
SNEX	1.39	0.16	0.06	0.32	1.79	(1.39)	2.63	(2.43)	11.37

Piper Sandler Corporate Management

Sherry Smith	Independent Director	Profile
Robbin Mitchell	Director	Profile
Kate Clune	Chief Officer	Profile
Philip Soran	Lead Independent Director	Profile
Jonathan Heroux	Managing Group	Profile
Robert Rinek	Managing Group	Profile
Jonathan Doyle	Vice Chairman of the Board and Head of Financial Services Group, Senior Managing Principal	Profile

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