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.
Moving together with PJT Stock
0.96 | GS | Goldman Sachs Group | PairCorr |
0.96 | MC | Moelis Earnings Call Tomorrow | PairCorr |
0.96 | SF | Stifel Financial Earnings Call Tomorrow | PairCorr |
0.86 | WSBF | Waterstone Financial | PairCorr |
0.89 | AMP | Ameriprise Financial Earnings Call This Week | PairCorr |
0.91 | AXP | American Express | PairCorr |
0.95 | COF | Capital One Financial Earnings Call Tomorrow | PairCorr |
0.98 | EVR | Evercore Partners Earnings Call Tomorrow | PairCorr |
0.95 | HLI | Houlihan Lokey Earnings Call This Week | PairCorr |
0.85 | JXN | Jackson Financial | PairCorr |
0.96 | LAZ | Lazard Earnings Call This Week | PairCorr |
0.91 | OPY | Oppenheimer Holdings Earnings Call This Week | PairCorr |
0.88 | PWP | Perella Weinberg Partners | PairCorr |
0.96 | SCM | Stellus Capital Inve | PairCorr |
0.7 | GAIN | Gladstone Investment | PairCorr |
0.95 | GLAD | Gladstone Capital | PairCorr |
0.83 | GROW | US Global Investors | PairCorr |
0.93 | HTGC | Hercules Capital | PairCorr |
0.84 | LMFA | LM Funding America Upward Rally | PairCorr |
0.95 | MAIN | Main Street Capital | PairCorr |
0.69 | OPFI | OppFi Inc | PairCorr |
0.94 | PFLT | PennantPark Floating Rate | PairCorr |
0.97 | PIPR | Piper Sandler Companies Earnings Call This Week | PairCorr |
0.82 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
0.95 | ALLY | Ally Financial | PairCorr |
Moving against PJT Stock
0.58 | EZPW | EZCORP Inc | PairCorr |
0.81 | SRL | Scully Royalty | PairCorr |
0.33 | MKTX | MarketAxess Holdings | PairCorr |
0.69 | AIHS | Senmiao Technology | PairCorr |
0.38 | PSEC | Prospect Capital | PairCorr |
0.37 | ORGN | Origin Materials | PairCorr |
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
| High negative correlations
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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 | 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 |