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.
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

  0.96GS Goldman Sachs GroupPairCorr
  0.96MC Moelis Earnings Call TomorrowPairCorr
  0.96SF Stifel Financial Earnings Call TomorrowPairCorr
  0.86WSBF Waterstone FinancialPairCorr
  0.89AMP Ameriprise Financial Earnings Call This WeekPairCorr
  0.91AXP American ExpressPairCorr
  0.95COF Capital One Financial Earnings Call TomorrowPairCorr
  0.98EVR Evercore Partners Earnings Call TomorrowPairCorr
  0.95HLI Houlihan Lokey Earnings Call This WeekPairCorr
  0.85JXN Jackson FinancialPairCorr
  0.96LAZ Lazard Earnings Call This WeekPairCorr
  0.91OPY Oppenheimer Holdings Earnings Call This WeekPairCorr
  0.88PWP Perella Weinberg PartnersPairCorr
  0.96SCM Stellus Capital InvePairCorr
  0.7GAIN Gladstone InvestmentPairCorr
  0.95GLAD Gladstone CapitalPairCorr
  0.83GROW US Global InvestorsPairCorr
  0.93HTGC Hercules CapitalPairCorr
  0.84LMFA LM Funding America Upward RallyPairCorr
  0.95MAIN Main Street CapitalPairCorr
  0.69OPFI OppFi IncPairCorr
  0.94PFLT PennantPark Floating RatePairCorr
  0.97PIPR Piper Sandler Companies Earnings Call This WeekPairCorr
  0.82PYPL PayPal Holdings Aggressive PushPairCorr
  0.95ALLY Ally FinancialPairCorr

Moving against PJT Stock

  0.58EZPW EZCORP IncPairCorr
  0.81SRL Scully RoyaltyPairCorr
  0.33MKTX MarketAxess HoldingsPairCorr
  0.69AIHS Senmiao TechnologyPairCorr
  0.38PSEC Prospect CapitalPairCorr
  0.37ORGN Origin MaterialsPairCorr

Related Correlations Analysis

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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   
HLILAZ
MCPIPR
LAZPIPR
SFEVR
LAZMC
EVRPIPR
  
High negative correlations   
EVRSRL
SFSRL
JEFSRL
OPYSRL
HLISRL
LAZSRL

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SRL  1.74 (0.38) 0.00 (0.94) 0.00 
 3.68 
 12.46 
PIPR  1.52  0.30  0.25  0.32  1.20 
 3.73 
 9.36 
EVR  1.71  0.53  0.33  0.41  1.35 
 5.02 
 12.68 
MC  1.66  0.23  0.18  0.25  1.65 
 4.12 
 16.15 
LAZ  1.85  0.42  0.26  0.34  1.48 
 5.12 
 12.93 
HLI  1.06  0.23  0.20  0.35  0.84 
 2.66 
 9.17 
PWP  1.77  0.11  0.09  0.19  2.10 
 4.40 
 12.52 
JEF  1.69  0.18  0.15  0.24  1.51 
 4.23 
 12.07 
SF  1.33  0.24  0.18  0.31  1.11 
 3.37 
 10.42 
OPY  1.15  0.28  0.20  0.47  0.92 
 2.65 
 6.32