Progress Software Correlations

PRGS Stock

USD 54.43 0.21 0.39%

The current 90-days correlation between Progress Software and ePlus inc is 0.34 (i.e., Weak diversification). The correlation of Progress Software 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.

Progress Software Correlation With Market

Modest diversification

The correlation between Progress Software and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Progress Software 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 Progress Software. 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 Progress Stock please use our How to Invest in Progress Software guide.

Moving together with Progress Stock

0.89	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.68	VRAR	Glimpse Group Tech Boost	Pair Corr
0.68	VRNS	Varonis Systems	Pair Corr
0.74	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.75	EVCM	EverCommerce	Pair Corr
0.61	FLYW	Flywire Corp	Pair Corr
0.83	FMTO	Femto Technologies Symbol Change	Pair Corr

Moving against Progress Stock

0.82	VRSN	VeriSign	Pair Corr
0.7	JG	Aurora Mobile	Pair Corr
0.64	BB	BlackBerry	Pair Corr
0.57	FFIV	F5 Networks Sell-off Trend	Pair Corr
0.55	DOX	Amdocs Sell-off Trend	Pair Corr
0.52	DOCN	DigitalOcean Holdings	Pair Corr
0.5	ZS	Zscaler	Pair Corr
0.36	MQ	Marqeta	Pair Corr
0.35	GB	Global Blue Group	Pair Corr
0.8	VHC	VirnetX Holding Corp Tech Boost	Pair Corr
0.78	HCP	Hashicorp	Pair Corr
0.7	SWI	SolarWinds Corp	Pair Corr
0.58	GRRR	Gorilla Technology Buyout Trend	Pair Corr
0.51	NET	Cloudflare	Pair Corr
0.5	APCXW	AppTech Payments Corp	Pair Corr
0.47	FTNT	Fortinet	Pair Corr
0.45	TCX	Tucows Inc	Pair Corr
0.43	PGY	Pagaya Technologies	Pair Corr
0.33	XBP	XBP Europe Holdings Tech Boost	Pair Corr

Related Correlations Analysis

	PLUS	MODN	AGYS	SPNS	PDFS	MIXT	PRO	PYCR	ENV	MNTV
PLUS		0.0	0.62	-0.49	0.81	0.0	0.06	-0.24	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
AGYS	0.62	0.0		-0.27	0.77	0.0	-0.29	-0.71	0.0	0.0	AGYS
SPNS	-0.49	0.0	-0.27		-0.32	0.0	0.17	-0.13	0.0	0.0	SPNS
PDFS	0.81	0.0	0.77	-0.32		0.0	0.12	-0.49	0.0	0.0	PDFS
MIXT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MIXT
PRO	0.06	0.0	-0.29	0.17	0.12	0.0		0.23	0.0	0.0	PRO
PYCR	-0.24	0.0	-0.71	-0.13	-0.49	0.0	0.23		0.0	0.0	PYCR
ENV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ENV
MNTV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MNTV
	PLUS	MODN	AGYS	SPNS	PDFS	MIXT	PRO	PYCR	ENV	MNTV

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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

PDFS	+ 0.81	PLUS
PDFS	+ 0.77	AGYS
AGYS	+ 0.62	PLUS
PYCR	+ 0.23	PRO
PRO	+ 0.17	SPNS
PRO	+ 0.12	PDFS

High negative correlations

PYCR	- 0.71	AGYS
PYCR	- 0.49	PDFS
SPNS	- 0.49	PLUS
PDFS	- 0.32	SPNS
PRO	- 0.29	AGYS
SPNS	- 0.27	AGYS

Risk-Adjusted Indicators

There is a big difference between Progress Stock performing well and Progress Software 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 Progress Software'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
PLUS	1.36	(0.22)	0.00	(0.37)	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
AGYS	2.60	(0.77)	0.00	(0.98)	0.00	0.00	3.48	(5.60)	24.77
SPNS	1.23	(0.03)	0.00	(0.11)	0.00	0.00	2.61	(2.83)	7.93
PDFS	2.49	(0.44)	0.00	(0.54)	0.00	0.00	3.23	(5.26)	22.74
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRO	1.93	(0.10)	0.00	(0.16)	0.00	0.00	3.92	(4.12)	14.83
PYCR	0.87	0.21	0.24	1.44	0.66	(1.14)	1.09	(1.47)	26.32
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Progress Software Corporate Management

Amanda Arria	Chief Officer	Profile
Sundar Subramanian	Executive Management	Profile
Jeremy Segal	Executive Development	Profile
Katie Kulikoski	Ex Officer	Profile

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