PDF Solutions Correlations

PDFS Stock

USD 20.96 0.46 2.15%

The correlation of PDF Solutions 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.

PDF Solutions Correlation With Market

Modest diversification

The correlation between PDF Solutions 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 PDF Solutions 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 PDF Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with PDF Stock

0.83	NA	Nano Labs	Pair Corr
0.88	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.81	MXL	MaxLinear	Pair Corr
0.9	KLIC	Kulicke and Soffa	Pair Corr
0.84	MRVL	Marvell Technology	Pair Corr
0.64	NVDA	NVIDIA	Pair Corr
0.74	S	SentinelOne	Pair Corr
0.93	AI	C3 Ai Inc	Pair Corr
0.89	BL	Blackline	Pair Corr
0.66	KE	Kimball Electronics	Pair Corr
0.69	ZM	Zoom Video Communications	Pair Corr
0.85	DOCU	DocuSign Tech Boost	Pair Corr
0.87	VERX	Vertex	Pair Corr
0.78	DSGX	Descartes Systems	Pair Corr
0.82	VMEO	Vimeo Inc	Pair Corr
0.89	ETWO	E2open Parent Holdings	Pair Corr
0.74	EVCM	EverCommerce	Pair Corr
0.65	WKEY	Wisekey International	Pair Corr

Moving against PDF Stock

0.67	LEDS	SemiLEDS Tech Boost	Pair Corr
0.6	INTC	Intel	Pair Corr
0.43	GB	Global Blue Group	Pair Corr
0.43	MQ	Marqeta Tech Boost	Pair Corr
0.39	UMC	United Microelectronics Aggressive Push	Pair Corr
0.35	HIMX	Himax Technologies	Pair Corr
0.59	ENFN	Enfusion	Pair Corr
0.45	QH	Quhuo	Pair Corr

Related Correlations Analysis

	PRGS	MIXT	PRO	SPNS	MNTV	MLNK	ENFN	PLUS	MODN	AMSWA
PRGS		0.0	-0.25	0.02	0.0	0.71	-0.76	0.5	0.0	0.0	PRGS
MIXT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXT
PRO	-0.25	0.0		0.19	0.0	-0.21	0.43	0.01	0.0	0.0	PRO
SPNS	0.02	0.0	0.19		0.0	0.25	0.28	-0.42	0.0	0.0	SPNS
MNTV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MNTV
MLNK	0.71	0.0	-0.21	0.25	0.0		-0.49	0.48	0.0	0.0	MLNK
ENFN	-0.76	0.0	0.43	0.28	0.0	-0.49		-0.43	0.0	0.0	ENFN
PLUS	0.5	0.0	0.01	-0.42	0.0	0.48	-0.43		0.0	0.0	PLUS
MODN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MODN
AMSWA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AMSWA
	PRGS	MIXT	PRO	SPNS	MNTV	MLNK	ENFN	PLUS	MODN	AMSWA

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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

MLNK	+ 0.71	PRGS
PLUS	+ 0.5	PRGS
PLUS	+ 0.48	MLNK
ENFN	+ 0.43	PRO
ENFN	+ 0.28	SPNS
MLNK	+ 0.25	SPNS

High negative correlations

ENFN	- 0.76	PRGS
ENFN	- 0.49	MLNK
PLUS	- 0.43	ENFN
PLUS	- 0.42	SPNS
PRO	- 0.25	PRGS
MLNK	- 0.21	PRO

Risk-Adjusted Indicators

There is a big difference between PDF Stock performing well and PDF Solutions 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 PDF Solutions' 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	1.36	(0.29)	0.00	(0.62)	0.00	0.00	2.68	(2.58)	11.34
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRO	2.00	(0.12)	0.00	(0.19)	0.00	0.00	3.92	(4.67)	14.83
SPNS	1.20	0.01	0.00	(0.07)	0.00	0.00	2.61	(2.83)	7.93
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNK	1.38	(0.14)	0.00	(0.20)	0.00	0.00	1.93	(3.68)	21.48
ENFN	1.18	0.07	0.09	(0.69)	1.61	(1.39)	3.38	(2.60)	10.10
PLUS	1.37	(0.24)	0.00	(0.40)	0.00	0.00	2.20	(3.42)	15.86
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMSWA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

PDF Solutions Corporate Management

David Park	VP Marketing	Profile
P Mozumder	Vice Sales	Profile
Said Akar	General Manager	Profile
Andrzej Strojwas	Chief Officer	Profile
Peter Cohn	Secretary	Profile

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