PTC Correlations

PTC Stock

USD 204.55 1.32 0.64%

The current 90-days correlation between PTC Inc and Zoom Video Communications is 0.28 (i.e., Modest diversification). The correlation of PTC 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.

PTC Correlation With Market

Weak diversification

The correlation between PTC Inc and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTC Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PTC Stock

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

Moving against PTC Stock

0.63	MTLS	Materialise NV Earnings Call This Week	Pair Corr
0.52	EGAN	eGain	Pair Corr
0.51	RMNI	Rimini Street	Pair Corr
0.44	SSNLF	Samsung Electronics	Pair Corr
0.42	DGXX	Digi Power X Symbol Change	Pair Corr
0.4	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.69	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.51	SVM	Silvercorp Metals	Pair Corr
0.48	INTC	Intel Aggressive Push	Pair Corr
0.46	AA	Alcoa Corp Earnings Call Tomorrow	Pair Corr
0.4	QVCGA	QVC Group Symbol Change	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr
0.33	WMT	Walmart	Pair Corr

Related Correlations Analysis

	ZM	TTD	TYL	GRAB	HUBS	VRSN	SSNC	MSTR	NTAP	LDOS
ZM		-0.63	-0.6	0.62	0.12	0.35	0.39	-0.68	0.88	0.58	ZM
TTD	-0.63		0.54	-0.47	0.52	0.09	-0.4	0.76	-0.79	-0.82	TTD
TYL	-0.6	0.54		-0.8	0.2	0.04	0.16	0.65	-0.72	-0.7	TYL
GRAB	0.62	-0.47	-0.8		0.1	0.26	0.06	-0.47	0.76	0.63	GRAB
HUBS	0.12	0.52	0.2	0.1		0.75	0.05	0.42	-0.12	-0.58	HUBS
VRSN	0.35	0.09	0.04	0.26	0.75		0.33	0.19	0.21	-0.23	VRSN
SSNC	0.39	-0.4	0.16	0.06	0.05	0.33		-0.08	0.29	0.28	SSNC
MSTR	-0.68	0.76	0.65	-0.47	0.42	0.19	-0.08		-0.76	-0.74	MSTR
NTAP	0.88	-0.79	-0.72	0.76	-0.12	0.21	0.29	-0.76		0.75	NTAP
LDOS	0.58	-0.82	-0.7	0.63	-0.58	-0.23	0.28	-0.74	0.75		LDOS
	ZM	TTD	TYL	GRAB	HUBS	VRSN	SSNC	MSTR	NTAP	LDOS

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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

NTAP	+ 0.88	ZM
MSTR	+ 0.76	TTD
NTAP	+ 0.76	GRAB
VRSN	+ 0.75	HUBS
LDOS	+ 0.75	NTAP
MSTR	+ 0.65	TYL

High negative correlations

LDOS	- 0.82	TTD
GRAB	- 0.8	TYL
NTAP	- 0.79	TTD
NTAP	- 0.76	MSTR
LDOS	- 0.74	MSTR
NTAP	- 0.72	TYL

Risk-Adjusted Indicators

There is a big difference between PTC Stock performing well and PTC 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 PTC'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
ZM	1.40	0.03	0.05	0.09	1.62	(1.48)	2.73	(2.93)	15.83
TTD	2.64	(0.51)	0.00	(0.58)	0.00	0.00	5.04	(4.44)	42.88
TYL	1.21	(0.18)	0.00	(0.30)	0.00	0.00	2.90	(2.15)	9.67
GRAB	1.80	0.01	0.02	0.08	2.33	(1.92)	3.77	(3.55)	13.52
HUBS	2.16	(0.40)	0.00	(0.12)	0.00	0.00	3.38	(5.89)	15.02
VRSN	1.12	(0.15)	0.00	(0.09)	0.00	0.00	1.86	(2.21)	15.99
SSNC	0.84	(0.10)	0.00	(0.04)	0.00	0.00	2.14	(1.56)	5.45
MSTR	2.58	(0.62)	0.00	(0.27)	0.00	0.00	5.62	(6.99)	14.87
NTAP	1.34	0.03	0.04	0.09	1.52	(1.47)	2.54	(2.33)	9.84
LDOS	0.93	0.18	0.14	0.26	0.98	(1.03)	2.21	(1.93)	10.55

PTC Corporate Management

Kevin Wrenn	Chief Officer	Profile
Amit Jain	Chief Officer	Profile
Catherine Kniker	Marketing Strategy	Profile
Stephane Barberet	Chief Officer	Profile
Catherine Gorecki	Senior Secretary	Profile

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