PROS Holdings Correlations

PRO Stock

USD 16.17 0.52 3.32%

The current 90-days correlation between PROS Holdings and Progress Software is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PROS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PROS Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PROS Holdings Correlation With Market

Very weak diversification

The correlation between PROS Holdings and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PROS Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PROS Stock

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

To learn how to invest in PROS Stock, please use our How to Invest in PROS Holdings guide.

Moving together with PROS Stock

0.68	PD	Pagerduty	Pair Corr
0.63	ZM	Zoom Video Communications	Pair Corr
0.63	VBIX	Viewbix Common Stock	Pair Corr
0.63	DOCU	DocuSign	Pair Corr
0.76	VERX	Vertex	Pair Corr
0.68	MLNK	Meridianlink	Pair Corr

Moving against PROS Stock

0.53	VS	Versus Systems	Pair Corr
0.49	YB	Yuanbao American Dep Tech Boost	Pair Corr
0.48	MIMI	Mint Incorporation	Pair Corr
0.53	EGAN	eGain	Pair Corr
0.51	WFCF	Where Food Comes	Pair Corr
0.36	NATL	NCR Atleos	Pair Corr
0.33	NCNO	nCino Inc	Pair Corr

Related Correlations Analysis

	PRGS	PLUS	QTWO	WK	BLKB
PRGS		0.05	0.13	0.08	-0.44	PRGS
PLUS	0.05		0.65	-0.54	0.2	PLUS
QTWO	0.13	0.65		-0.21	0.26	QTWO
WK	0.08	-0.54	-0.21		0.16	WK
BLKB	-0.44	0.2	0.26	0.16		BLKB
	PRGS	PLUS	QTWO	WK	BLKB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

QTWO	+ 0.65	PLUS
BLKB	+ 0.26	QTWO
BLKB	+ 0.2	PLUS
BLKB	+ 0.16	WK
QTWO	+ 0.13	PRGS
WK	+ 0.08	PRGS

High negative correlations

WK	- 0.54	PLUS
BLKB	- 0.44	PRGS
WK	- 0.21	QTWO

Risk-Adjusted Indicators

There is a big difference between PROS Stock performing well and PROS Holdings 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 PROS Holdings' 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
PRGS	1.37	(0.39)	0.00	(0.48)	0.00	0.00	1.89	(2.57)	15.01
PLUS	1.25	(0.05)	(0.06)	0.14	1.43	(1.23)	2.67	(2.43)	7.63
QTWO	1.64	(0.01)	0.06	0.20	1.39	(2.04)	3.42	(3.01)	16.72
WK	1.50	(0.20)	0.00	(0.21)	0.00	0.00	3.16	(2.99)	10.73
BLKB	1.19	(0.12)	(0.09)	0.06	1.67	(1.17)	2.45	(2.18)	8.30

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