Purecycle Technologies Correlations

PCT Stock

USD 7.02 0.36 4.88%

The current 90-days correlation between Purecycle Technologies and PureCycle Technologies is 0.7 (i.e., Poor diversification). The correlation of Purecycle Technologies 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.

Purecycle Technologies Correlation With Market

Very weak diversification

The correlation between Purecycle Technologies Holding and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Purecycle Technologies Holding 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 Purecycle Technologies 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 main economic indicators.

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

Moving together with Purecycle Stock

0.75	ARQ	Arq Inc	Pair Corr
0.63	FSS	Federal Signal	Pair Corr
0.65	SCWO	374Water Common Stock	Pair Corr
0.93	PCTTW	PureCycle Technologies	Pair Corr
0.77	PCTTU	Purecycle Technologies	Pair Corr
0.61	CECO	CECO Environmental Corp	Pair Corr
0.75	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.64	J	Jacobs Solutions	Pair Corr
0.73	R	Ryder System Earnings Call This Week	Pair Corr
0.63	BV	BrightView Holdings	Pair Corr
0.76	BW	Babcock Wilcox Enter	Pair Corr
0.68	FA	First Advantage Corp	Pair Corr
0.61	GP	GreenPower Motor	Pair Corr
0.64	HY	Hyster Yale Materials	Pair Corr

Moving against Purecycle Stock

0.61	ERII	Energy Recovery	Pair Corr
0.41	G	Genpact Limited	Pair Corr
0.68	MG	Mistras Group	Pair Corr
0.56	SB	Safe Bulkers	Pair Corr
0.55	LZ	LegalZoom	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.49	DE	Deere Company	Pair Corr
0.45	KC	Kingsoft Cloud Holdings	Pair Corr
0.43	EH	Ehang Holdings	Pair Corr
0.42	PC	Premium Catering	Pair Corr
0.35	GD	General Dynamics Sell-off Trend	Pair Corr

Related Correlations Analysis

	PCTTW	AKCCF	ADES	AQUA	FSS	CECO	ZWS	FTEK	MKUL
PCTTW		0.62	0.0	0.0	0.76	0.68	0.73	0.47	0.0	PCTTW
AKCCF	0.62		0.0	0.0	0.6	0.27	0.49	0.1	0.0	AKCCF
ADES	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ADES
AQUA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUA
FSS	0.76	0.6	0.0	0.0		0.62	0.83	0.11	0.0	FSS
CECO	0.68	0.27	0.0	0.0	0.62		0.77	0.35	0.0	CECO
ZWS	0.73	0.49	0.0	0.0	0.83	0.77		0.14	0.0	ZWS
FTEK	0.47	0.1	0.0	0.0	0.11	0.35	0.14		0.0	FTEK
MKUL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MKUL
	PCTTW	AKCCF	ADES	AQUA	FSS	CECO	ZWS	FTEK	MKUL

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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

ZWS	+ 0.83	FSS
ZWS	+ 0.77	CECO
FSS	+ 0.76	PCTTW
ZWS	+ 0.73	PCTTW
CECO	+ 0.68	PCTTW
AKCCF	+ 0.62	PCTTW

High negative correlations

MKUL	- 0.0	FTEK
MKUL	- 0.0	ZWS
MKUL	- 0.0	CECO
MKUL	- 0.0	FSS
MKUL	- 0.0	AQUA
FTEK	- 0.0	AQUA

Risk-Adjusted Indicators

There is a big difference between Purecycle Stock performing well and Purecycle Technologies 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 Purecycle Technologies' 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
PCTTW	6.28	(0.76)	0.00	(0.34)	0.00	0.00	14.07	(12.92)	46.93
AKCCF	4.19	(0.05)	0.00	(0.08)	0.00	0.00	9.09	(6.90)	67.40
ADES	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AQUA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSS	1.47	(0.21)	0.00	(8.21)	0.00	0.00	2.48	(3.13)	15.79
CECO	2.11	(0.25)	0.00	(0.28)	0.00	0.00	3.83	(4.17)	12.38
ZWS	1.12	(0.13)	0.00	(0.17)	0.00	0.00	1.83	(2.94)	5.78
FTEK	1.68	0.06	0.05	0.12	1.59	(2.98)	3.09	(2.94)	21.20
MKUL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Purecycle Technologies Corporate Management

Matt Cripe	Director Sales	Profile
Jaime Vasquez	Chief Officer	Profile
Dustin Olson	Chief Officer	Profile
Brad JD	General Secretary	Profile

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