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

  0.75DJCO Daily Journal CorpPairCorr
  0.85AI C3 Ai IncPairCorr
  0.86BL BlacklinePairCorr
  0.76EB Eventbrite Class APairCorr
  0.69PD PagerdutyPairCorr
  0.77WK WorkivaPairCorr
  0.65ZM Zoom Video CommunicationsPairCorr
  0.89DOCU DocuSignPairCorr
  0.83VERX VertexPairCorr
  0.81VERB VERB TECHNOLOGY PANYPairCorr
  0.71DSGX Descartes SystemsPairCorr
  0.83VMEO Vimeo IncPairCorr
  0.64VTEX VTEX Tech BoostPairCorr
  0.89VTSI VirTra IncPairCorr
  0.7ELWS Earlyworks Co,PairCorr
  0.82ETWO E2open Parent HoldingsPairCorr
  0.74FICO Fair IsaacPairCorr
  0.74BMR Beamr Imaging Tech BoostPairCorr

Moving against PTC Stock

  0.32DUOT Duos Technologies Tech BoostPairCorr
  0.31QH QuhuoPairCorr
  0.31DOMO Domo IncPairCorr
  0.57FROG JfrogPairCorr
  0.55ENFN EnfusionPairCorr
  0.5HIT Health In Tech,PairCorr
  0.47ADP Automatic Data ProcessingPairCorr
  0.41API Agora IncPairCorr
  0.41IPM Intelligent Protection Symbol ChangePairCorr

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   
SSNCSAP
BLKBCDNS
AZPNROP
SSNCAZPN
SSNCROP
ANSSCDNS
  
High negative correlations   
MANHAZPN
MANHSSNC
MANHROP
MANHSAP
AZPNCDNS
CDNSROP

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum 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 WrennChief OfficerProfile
Amit JainChief OfficerProfile
Catherine KnikerMarketing StrategyProfile
Stephane BarberetChief OfficerProfile
Catherine GoreckiSenior SecretaryProfile