PureCycle Technologies Correlations

PCTTW Stock

USD 2.31 0.01 0.43%

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

Modest diversification

The correlation between PureCycle Technologies and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PureCycle Technologies 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with PureCycle Stock

0.66	VLTO	Veralto	Pair Corr
0.82	ARQ	Arq Inc	Pair Corr
0.71	FSS	Federal Signal	Pair Corr
0.93	PCT	Purecycle Technologies	Pair Corr
0.72	ZWS	Zurn Elkay Water	Pair Corr
0.73	LIQT	LiqTech International	Pair Corr
0.77	SCWO	374Water Common Stock Earnings Call This Week	Pair Corr
0.86	PCTTU	Purecycle Technologies	Pair Corr
0.69	CECO	CECO Environmental Corp	Pair Corr
0.67	CLIR	ClearSign Combustion	Pair Corr
0.76	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.74	J	Jacobs Solutions	Pair Corr
0.68	R	Ryder System Earnings Call Next Week	Pair Corr
0.78	BV	BrightView Holdings	Pair Corr
0.83	BW	Babcock Wilcox Enter	Pair Corr
0.65	CW	Curtiss Wright	Pair Corr
0.74	FA	First Advantage Corp	Pair Corr
0.69	GP	GreenPower Motor	Pair Corr
0.63	HY	Hyster Yale Materials	Pair Corr

Moving against PureCycle Stock

0.54	G	Genpact Limited	Pair Corr
0.42	ERII	Energy Recovery	Pair Corr
0.61	EH	Ehang Holdings	Pair Corr
0.58	GE	GE Aerospace	Pair Corr
0.49	DE	Deere Company	Pair Corr
0.66	LZ	LegalZoom	Pair Corr
0.64	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	ORGNW	ASTSW	APPHW	PCT	BLDEW
ORGNW		0.0	0.0	0.47	0.74	ORGNW
ASTSW	0.0		0.0	0.0	0.0	ASTSW
APPHW	0.0	0.0		0.0	0.0	APPHW
PCT	0.47	0.0	0.0		0.74	PCT
BLDEW	0.74	0.0	0.0	0.74		BLDEW
	ORGNW	ASTSW	APPHW	PCT	BLDEW

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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

BLDEW	+ 0.74	ORGNW
BLDEW	+ 0.74	PCT
PCT	+ 0.47	ORGNW
ASTSW	+ 0.0	ORGNW
APPHW	+ 0.0	ORGNW
APPHW	+ 0.0	ASTSW

High negative correlations

BLDEW	- 0.0	APPHW
PCT	- 0.0	APPHW
BLDEW	- 0.0	ASTSW
PCT	- 0.0	ASTSW
APPHW	- 0.0	ASTSW
APPHW	- 0.0	ORGNW

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
ORGNW	9.90	0.23	0.02	0.13	11.43	(12.76)	29.26	(22.64)	69.25
ASTSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APPHW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCT	3.33	(0.40)	0.00	(0.22)	0.00	0.00	6.50	(7.42)	33.15
BLDEW	6.37	(0.35)	0.00	(0.17)	0.00	0.00	12.20	(11.76)	33.09

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