PJT Partners Correlations

PJT Stock

USD 181.82 1.13 0.62%

The current 90-days correlation between PJT Partners and Piper Sandler Companies is 0.72 (i.e., Poor diversification). The correlation of PJT Partners 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.

PJT Partners Correlation With Market

Poor diversification

The correlation between PJT Partners 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 PJT Partners 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 PJT Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

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

Moving together with PJT Stock

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

Moving against PJT Stock

0.58	EZPW	EZCORP Inc	Pair Corr
0.81	SRL	Scully Royalty	Pair Corr
0.33	MKTX	MarketAxess Holdings	Pair Corr
0.69	AIHS	Senmiao Technology	Pair Corr
0.38	PSEC	Prospect Capital	Pair Corr
0.37	ORGN	Origin Materials	Pair Corr

Related Correlations Analysis

	SRL	PIPR	EVR	MC	LAZ	HLI	PWP	JEF	SF	OPY
SRL		-0.72	-0.85	-0.71	-0.73	-0.74	-0.71	-0.78	-0.81	-0.75	SRL
PIPR	-0.72		0.97	0.98	0.98	0.96	0.92	0.9	0.97	0.9	PIPR
EVR	-0.85	0.97		0.95	0.97	0.96	0.93	0.94	0.98	0.92	EVR
MC	-0.71	0.98	0.95		0.98	0.96	0.91	0.86	0.97	0.89	MC
LAZ	-0.73	0.98	0.97	0.98		0.99	0.93	0.92	0.97	0.94	LAZ
HLI	-0.74	0.96	0.96	0.96	0.99		0.91	0.91	0.96	0.95	HLI
PWP	-0.71	0.92	0.93	0.91	0.93	0.91		0.94	0.94	0.87	PWP
JEF	-0.78	0.9	0.94	0.86	0.92	0.91	0.94		0.93	0.86	JEF
SF	-0.81	0.97	0.98	0.97	0.97	0.96	0.94	0.93		0.91	SF
OPY	-0.75	0.9	0.92	0.89	0.94	0.95	0.87	0.86	0.91		OPY
	SRL	PIPR	EVR	MC	LAZ	HLI	PWP	JEF	SF	OPY

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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

HLI	+ 0.99	LAZ
MC	+ 0.98	PIPR
LAZ	+ 0.98	PIPR
SF	+ 0.98	EVR
LAZ	+ 0.98	MC
EVR	+ 0.97	PIPR

High negative correlations

EVR	- 0.85	SRL
SF	- 0.81	SRL
JEF	- 0.78	SRL
OPY	- 0.75	SRL
HLI	- 0.74	SRL
LAZ	- 0.73	SRL

Risk-Adjusted Indicators

There is a big difference between PJT Stock performing well and PJT Partners 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 PJT Partners' 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
SRL	1.74	(0.38)	0.00	(0.94)	0.00	0.00	3.68	(4.23)	12.46
PIPR	1.52	0.30	0.25	0.32	1.20	(1.93)	3.73	(2.50)	9.36
EVR	1.71	0.53	0.33	0.41	1.35	(2.05)	5.02	(2.86)	12.68
MC	1.66	0.23	0.18	0.25	1.65	(1.96)	4.12	(3.02)	16.15
LAZ	1.85	0.42	0.26	0.34	1.48	(2.10)	5.12	(2.80)	12.93
HLI	1.06	0.23	0.20	0.35	0.84	(1.28)	2.66	(2.01)	9.17
PWP	1.77	0.11	0.09	0.19	2.10	(1.84)	4.40	(3.61)	12.52
JEF	1.69	0.18	0.15	0.24	1.51	(1.89)	4.23	(2.59)	12.07
SF	1.33	0.24	0.18	0.31	1.11	(1.46)	3.37	(2.43)	10.42
OPY	1.15	0.28	0.20	0.47	0.92	(1.34)	2.65	(1.99)	6.32

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