PTC Correlations
PTC Stock | USD 158.79 2.99 1.92% |
The current 90-days correlation between PTC Inc and Tyler Technologies is 0.35 (i.e., Weak diversification). The correlation of PTC 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.
PTC Correlation With Market
Weak diversification
The correlation between PTC Inc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTC Inc and DJI in the same portfolio, assuming nothing else is changed.
PTC |
Moving together with PTC Stock
0.75 | DJCO | Daily Journal Corp | PairCorr |
0.85 | AI | C3 Ai Inc | PairCorr |
0.86 | BL | Blackline | PairCorr |
0.76 | EB | Eventbrite Class A | PairCorr |
0.69 | PD | Pagerduty | PairCorr |
0.77 | WK | Workiva | PairCorr |
0.65 | ZM | Zoom Video Communications | PairCorr |
0.89 | DOCU | DocuSign | PairCorr |
0.83 | VERX | Vertex | PairCorr |
0.81 | VERB | VERB TECHNOLOGY PANY | PairCorr |
0.71 | DSGX | Descartes Systems | PairCorr |
0.83 | VMEO | Vimeo Inc | PairCorr |
0.64 | VTEX | VTEX Tech Boost | PairCorr |
0.89 | VTSI | VirTra Inc | PairCorr |
0.7 | ELWS | Earlyworks Co, | PairCorr |
0.82 | ETWO | E2open Parent Holdings | PairCorr |
0.74 | FICO | Fair Isaac | PairCorr |
0.74 | BMR | Beamr Imaging Tech Boost | PairCorr |
Moving against PTC Stock
0.32 | DUOT | Duos Technologies Tech Boost | PairCorr |
0.31 | QH | Quhuo | PairCorr |
0.31 | DOMO | Domo Inc | PairCorr |
0.57 | FROG | Jfrog | PairCorr |
0.55 | ENFN | Enfusion | PairCorr |
0.5 | HIT | Health In Tech, | PairCorr |
0.47 | ADP | Automatic Data Processing | PairCorr |
0.41 | API | Agora Inc | PairCorr |
0.41 | IPM | Intelligent Protection Symbol Change | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between PTC Stock performing well and PTC 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 PTC'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SAP | 1.24 | 0.18 | 0.10 | 0.06 | 1.63 | 2.75 | 8.87 | |||
TYL | 1.29 | (0.04) | 0.00 | (0.16) | 0.00 | 2.07 | 9.09 | |||
ROP | 0.88 | 0.13 | 0.13 | 0.06 | 1.08 | 1.87 | 7.59 | |||
CDNS | 1.68 | (0.22) | 0.00 | (0.38) | 0.00 | 2.43 | 12.93 | |||
AZPN | 0.51 | 0.08 | 0.23 | 1.13 | 0.65 | 1.12 | 6.87 | |||
BSY | 1.32 | (0.18) | 0.00 | (0.33) | 0.00 | 2.47 | 7.14 | |||
BLKB | 1.39 | (0.29) | 0.00 | (0.71) | 0.00 | 2.40 | 14.16 | |||
SSNC | 0.98 | 0.18 | 0.17 | 0.15 | 1.14 | 2.09 | 9.48 | |||
ANSS | 0.86 | (0.04) | 0.00 | (0.19) | 0.00 | 1.55 | 5.76 | |||
MANH | 2.09 | (0.67) | 0.00 | (0.77) | 0.00 | 3.03 | 27.65 |
PTC Corporate Management
Kevin Wrenn | Chief Officer | Profile | |
Amit Jain | Chief Officer | Profile | |
Catherine Kniker | Marketing Strategy | Profile | |
Stephane Barberet | Chief Officer | Profile | |
Catherine Gorecki | Senior Secretary | Profile |