Progress Software Correlations

PRGS Stock

USD 41.21 0.45 1.08%

The current 90-days correlation between Progress Software and NH Foods Ltd is 0.04 (i.e., Significant diversification). The correlation of Progress Software 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.

Progress Software Correlation With Market

Average diversification

The correlation between Progress Software and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Progress Software and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Progress Stock

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

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

Moving against Progress Stock

0.54	PPERY	Bank Mandiri Persero	Pair Corr
0.5	KB	KB Financial Group	Pair Corr
0.39	BKRKY	Bank Rakyat	Pair Corr
0.37	PBCRY	Bank Central Asia	Pair Corr
0.32	ACGBF	Agricultural Bank	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr
0.63	PREC	Prestige Cars Intern	Pair Corr
0.6	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.6	CDP	COPT Defense Properties	Pair Corr
0.57	CLLFF	Collins Foods Limited Earnings Call This Week	Pair Corr
0.54	TVTV	WhereverTV Broadcasting	Pair Corr
0.39	GBOOF	Grupo Financiero Banorte	Pair Corr
0.34	AAPL	Apple Inc	Pair Corr

Related Correlations Analysis

	STBFY	BRID	DDOG	NIPMY	ALFDF	CASS	CLLFF	DCMDF
STBFY		-0.39	-0.02	0.09	0.0	0.35	0.23	0.18	STBFY
BRID	-0.39		-0.19	-0.22	0.0	-0.33	-0.4	-0.1	BRID
DDOG	-0.02	-0.19		0.07	0.0	-0.32	0.44	-0.58	DDOG
NIPMY	0.09	-0.22	0.07		0.0	0.2	0.65	0.36	NIPMY
ALFDF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ALFDF
CASS	0.35	-0.33	-0.32	0.2	0.0		0.18	0.71	CASS
CLLFF	0.23	-0.4	0.44	0.65	0.0	0.18		0.18	CLLFF
DCMDF	0.18	-0.1	-0.58	0.36	0.0	0.71	0.18		DCMDF
	STBFY	BRID	DDOG	NIPMY	ALFDF	CASS	CLLFF	DCMDF

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

DCMDF	+ 0.71	CASS
CLLFF	+ 0.65	NIPMY
CLLFF	+ 0.44	DDOG
DCMDF	+ 0.36	NIPMY
CASS	+ 0.35	STBFY
CLLFF	+ 0.23	STBFY

High negative correlations

DCMDF	- 0.58	DDOG
CLLFF	- 0.4	BRID
BRID	- 0.39	STBFY
CASS	- 0.33	BRID
CASS	- 0.32	DDOG
NIPMY	- 0.22	BRID

Risk-Adjusted Indicators

There is a big difference between Progress Stock performing well and Progress Software 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 Progress Software'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
STBFY	0.89	0.01	(0.03)	0.12	1.14	(1.02)	2.63	(1.52)	6.64
BRID	1.68	0.02	(0.02)	(3.49)	2.47	(1.66)	4.02	(4.00)	12.89
DDOG	2.37	0.41	0.14	(56.35)	2.15	(3.16)	6.21	(3.25)	32.62
NIPMY	0.79	0.34	0.00	0.44	0.00	0.00	0.00	0.00	26.47
ALFDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CASS	0.99	(0.09)	0.00	(0.02)	0.00	0.00	3.24	(1.88)	5.53
CLLFF	0.62	0.38	0.00	(0.28)	0.00	0.00	0.00	0.00	18.33
DCMDF	1.70	0.14	0.02	(1.39)	1.90	(3.65)	5.94	(4.55)	13.81

Progress Software Corporate Management

Amanda Arria	Chief Officer	Profile
Michael Micciche	Senior Relations	Profile
Sundar Subramanian	Executive Management	Profile
Jeremy Segal	Executive Development	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC