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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PTC Inc. 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.

Moving together with PTC Stock

0.75	DJCO	Daily Journal Corp	Pair Corr
0.85	AI	C3 Ai Inc	Pair Corr
0.86	BL	Blackline	Pair Corr
0.76	EB	Eventbrite Class A	Pair Corr
0.69	PD	Pagerduty	Pair Corr
0.77	WK	Workiva	Pair Corr
0.65	ZM	Zoom Video Communications	Pair Corr
0.89	DOCU	DocuSign	Pair Corr
0.83	VERX	Vertex	Pair Corr
0.81	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.71	DSGX	Descartes Systems	Pair Corr
0.83	VMEO	Vimeo Inc	Pair Corr
0.64	VTEX	VTEX Tech Boost	Pair Corr
0.89	VTSI	VirTra Inc	Pair Corr
0.7	ELWS	Earlyworks Co,	Pair Corr
0.82	ETWO	E2open Parent Holdings	Pair Corr
0.74	FICO	Fair Isaac	Pair Corr
0.74	BMR	Beamr Imaging Tech Boost	Pair Corr

Moving against PTC Stock

0.32	DUOT	Duos Technologies Tech Boost	Pair Corr
0.31	QH	Quhuo	Pair Corr
0.31	DOMO	Domo Inc	Pair Corr
0.57	FROG	Jfrog	Pair Corr
0.55	ENFN	Enfusion	Pair Corr
0.5	HIT	Health In Tech,	Pair Corr
0.47	ADP	Automatic Data Processing	Pair Corr
0.41	API	Agora Inc	Pair Corr
0.41	IPM	Intelligent Protection Symbol Change	Pair Corr

Related Correlations Analysis

	SAP	TYL	ROP	CDNS	AZPN	BSY	BLKB	SSNC	ANSS	MANH
SAP		0.57	0.79	-0.33	0.83	-0.23	-0.21	0.91	0.03	-0.71	SAP
TYL	0.57		0.57	0.05	0.35	0.38	0.17	0.52	0.19	-0.17	TYL
ROP	0.79	0.57		-0.6	0.89	-0.43	-0.42	0.84	-0.33	-0.82	ROP
CDNS	-0.33	0.05	-0.6		-0.6	0.83	0.9	-0.58	0.84	0.77	CDNS
AZPN	0.83	0.35	0.89	-0.6		-0.54	-0.44	0.86	-0.34	-0.92	AZPN
BSY	-0.23	0.38	-0.43	0.83	-0.54		0.77	-0.4	0.69	0.68	BSY
BLKB	-0.21	0.17	-0.42	0.9	-0.44	0.77		-0.47	0.77	0.65	BLKB
SSNC	0.91	0.52	0.84	-0.58	0.86	-0.4	-0.47		-0.28	-0.84	SSNC
ANSS	0.03	0.19	-0.33	0.84	-0.34	0.69	0.77	-0.28		0.57	ANSS
MANH	-0.71	-0.17	-0.82	0.77	-0.92	0.68	0.65	-0.84	0.57		MANH
	SAP	TYL	ROP	CDNS	AZPN	BSY	BLKB	SSNC	ANSS	MANH

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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

SSNC	+ 0.91	SAP
BLKB	+ 0.9	CDNS
AZPN	+ 0.89	ROP
SSNC	+ 0.86	AZPN
SSNC	+ 0.84	ROP
ANSS	+ 0.84	CDNS

High negative correlations

MANH	- 0.92	AZPN
MANH	- 0.84	SSNC
MANH	- 0.82	ROP
MANH	- 0.71	SAP
AZPN	- 0.6	CDNS
CDNS	- 0.6	ROP

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	(1.35)	2.75	(2.60)	8.87
TYL	1.29	(0.04)	0.00	(0.16)	0.00	0.00	2.07	(2.76)	9.09
ROP	0.88	0.13	0.13	0.06	1.08	(0.89)	1.87	(1.87)	7.59
CDNS	1.68	(0.22)	0.00	(0.38)	0.00	0.00	2.43	(3.80)	12.93
AZPN	0.51	0.08	0.23	1.13	0.65	(0.59)	1.12	(0.87)	6.87
BSY	1.32	(0.18)	0.00	(0.33)	0.00	0.00	2.47	(2.44)	7.14
BLKB	1.39	(0.29)	0.00	(0.71)	0.00	0.00	2.40	(3.36)	14.16
SSNC	0.98	0.18	0.17	0.15	1.14	(1.06)	2.09	(2.19)	9.48
ANSS	0.86	(0.04)	0.00	(0.19)	0.00	0.00	1.55	(2.14)	5.76
MANH	2.09	(0.67)	0.00	(0.77)	0.00	0.00	3.03	(3.98)	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

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