Pagaya Technologies Correlations

PGY Stock

USD 10.71 0.35 3.38%

The current 90-days correlation between Pagaya Technologies and GigaCloud Technology Class is 0.27 (i.e., Modest diversification). The correlation of Pagaya 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.

Pagaya Technologies Correlation With Market

Very weak diversification

The correlation between Pagaya Technologies and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pagaya 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 Pagaya 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 price.

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

Moving against Pagaya Stock

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0.43	SQ	Block Inc Sell-off Trend	Pair Corr
0.49	DLO	Dlocal	Pair Corr
0.43	FOUR	Shift4 Payments	Pair Corr
0.42	FFIV	F5 Networks	Pair Corr
0.39	GEN	Gen Digital Sell-off Trend	Pair Corr
0.31	DBX	Dropbox	Pair Corr
0.44	IOT	Samsara	Pair Corr
0.4	PAY	Paymentus Holdings	Pair Corr
0.34	FTNT	Fortinet	Pair Corr
0.34	NET	Cloudflare	Pair Corr
0.33	RPD	Rapid7 Inc	Pair Corr

Related Correlations Analysis

	ALAR	ARQQ	SPLK	NTNX	PANW	GCT	IRNT	STEM	HUBCZ
ALAR		0.34	0.48	0.31	0.57	0.34	-0.49	0.39	0.14	ALAR
ARQQ	0.34		0.09	0.47	0.45	-0.03	-0.2	-0.03	0.54	ARQQ
SPLK	0.48	0.09		0.6	0.72	0.76	-0.85	-0.12	0.19	SPLK
NTNX	0.31	0.47	0.6		0.86	0.36	-0.58	-0.32	0.41	NTNX
PANW	0.57	0.45	0.72	0.86		0.43	-0.67	-0.01	0.42	PANW
GCT	0.34	-0.03	0.76	0.36	0.43		-0.79	0.09	-0.07	GCT
IRNT	-0.49	-0.2	-0.85	-0.58	-0.67	-0.79		0.0	-0.24	IRNT
STEM	0.39	-0.03	-0.12	-0.32	-0.01	0.09	0.0		-0.14	STEM
HUBCZ	0.14	0.54	0.19	0.41	0.42	-0.07	-0.24	-0.14		HUBCZ
	ALAR	ARQQ	SPLK	NTNX	PANW	GCT	IRNT	STEM	HUBCZ

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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

PANW	+ 0.86	NTNX
GCT	+ 0.76	SPLK
PANW	+ 0.72	SPLK
NTNX	+ 0.6	SPLK
PANW	+ 0.57	ALAR
HUBCZ	+ 0.54	ARQQ

High negative correlations

IRNT	- 0.85	SPLK
IRNT	- 0.79	GCT
IRNT	- 0.67	PANW
IRNT	- 0.58	NTNX
IRNT	- 0.49	ALAR
STEM	- 0.32	NTNX

Risk-Adjusted Indicators

There is a big difference between Pagaya Stock performing well and Pagaya 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 Pagaya 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
ALAR	5.89	(0.09)	0.00	0.08	5.89	(7.94)	14.37	(9.94)	48.00
ARQQ	8.82	1.15	0.17	0.40	7.76	(11.86)	25.56	(13.79)	58.48
SPLK	1.63	0.25	0.03	(0.36)	1.70	(1.91)	4.36	(3.33)	10.70
NTNX	1.88	0.33	0.21	0.34	1.43	(2.34)	3.95	(2.81)	25.02
PANW	1.35	0.06	0.04	0.17	1.75	(1.35)	2.45	(2.51)	9.85
GCT	4.86	0.17	0.04	0.24	4.85	(5.69)	9.70	(7.70)	30.15
IRNT	7.07	(0.28)	0.00	0.22	0.00	0.00	11.76	(13.04)	72.73
STEM	7.14	(0.63)	0.00	(0.37)	0.00	0.00	12.20	(13.33)	66.29
HUBCZ	44.08	13.81	0.44	2.16	24.39	(69.39)	120.19	(48.98)	326.14

Pagaya Technologies Corporate Management

Tami Rosen	Chief Officer	Profile
Ashok Vaswani	President	Profile
Yahav Yulzari	CoFounder Officer	Profile
Edward Mallon	Chief Officer	Profile
Gal Krubiner	CoFounder CEO	Profile
Abhijit Chaudhary	Chief Officer	Profile

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