Perella Weinberg Correlations

PWP Stock

USD 20.56 0.02 0.1%

The current 90-days correlation between Perella Weinberg Partners and Piper Sandler Companies is 0.81 (i.e., Very poor diversification). The correlation of Perella Weinberg 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.

Perella Weinberg Correlation With Market

Very weak diversification

The correlation between Perella Weinberg Partners and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perella Weinberg Partners 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 Perella Weinberg Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Perella Stock

0.63	WD	Walker Dunlop	Pair Corr
0.88	ECPG	Encore Capital Group	Pair Corr
0.96	AXP	American Express	Pair Corr
0.67	CNF	CNFinance Holdings	Pair Corr
0.75	COF	Capital One Financial	Pair Corr
0.8	DFS	Discover Financial	Pair Corr
0.95	SYF	Synchrony Financial	Pair Corr
0.71	PFSI	PennyMac Finl Svcs	Pair Corr
0.79	PYPL	PayPal Holdings Sell-off Trend	Pair Corr
0.7	ALLY	Ally Financial Normal Trading	Pair Corr
0.63	APAM	Artisan Partners Asset	Pair Corr
0.9	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.69	BITF	Bitfarms Aggressive Push	Pair Corr
0.62	CODI	Compass Diversified	Pair Corr
0.63	UPST	Upstart Holdings	Pair Corr
0.63	C	Citigroup Aggressive Push	Pair Corr
0.86	AX	Axos Financial	Pair Corr
0.88	BN	Brookfield Corp Sell-off Trend	Pair Corr
0.93	BX	Blackstone Group	Pair Corr
0.81	BY	Byline Bancorp	Pair Corr
0.95	CG	Carlyle Group Normal Trading	Pair Corr
0.88	CM	Canadian Imperial Bank	Pair Corr

Moving against Perella Stock

0.83	RENEW	Cartesian Growth	Pair Corr
0.74	CB	Chubb Sell-off Trend	Pair Corr
0.69	DB	Deutsche Bank AG	Pair Corr
0.69	LU	Lufax Holding Buyout Trend	Pair Corr
0.63	HG	Hamilton Insurance Group,	Pair Corr
0.59	LX	Lexinfintech Holdings	Pair Corr
0.37	GL	Globe Life	Pair Corr

Related Correlations Analysis

	EVR	LAZ	PIPR	MC	OPY	SF-PC	SF-PB	PJT	HLI	SF
EVR		0.82	0.96	0.96	0.71	0.33	-0.5	0.75	0.88	0.9	EVR
LAZ	0.82		0.87	0.88	0.71	0.41	-0.08	0.88	0.9	0.84	LAZ
PIPR	0.96	0.87		0.98	0.72	0.38	-0.38	0.86	0.94	0.92	PIPR
MC	0.96	0.88	0.98		0.76	0.44	-0.36	0.88	0.94	0.93	MC
OPY	0.71	0.71	0.72	0.76		0.7	-0.08	0.63	0.81	0.9	OPY
SF-PC	0.33	0.41	0.38	0.44	0.7		0.22	0.44	0.51	0.59	SF-PC
SF-PB	-0.5	-0.08	-0.38	-0.36	-0.08	0.22		-0.11	-0.2	-0.25	SF-PB
PJT	0.75	0.88	0.86	0.88	0.63	0.44	-0.11		0.86	0.8	PJT
HLI	0.88	0.9	0.94	0.94	0.81	0.51	-0.2	0.86		0.94	HLI
SF	0.9	0.84	0.92	0.93	0.9	0.59	-0.25	0.8	0.94		SF
	EVR	LAZ	PIPR	MC	OPY	SF-PC	SF-PB	PJT	HLI	SF

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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

MC	+ 0.98	PIPR
PIPR	+ 0.96	EVR
MC	+ 0.96	EVR
HLI	+ 0.94	PIPR
HLI	+ 0.94	MC
SF	+ 0.94	HLI

High negative correlations

SF-PB	- 0.5	EVR
SF-PB	- 0.38	PIPR
SF-PB	- 0.36	MC
SF	- 0.25	SF-PB
HLI	- 0.2	SF-PB
PJT	- 0.11	SF-PB

Risk-Adjusted Indicators

There is a big difference between Perella Stock performing well and Perella Weinberg 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 Perella Weinberg'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
EVR	1.87	(0.42)	0.00	(0.23)	0.00	0.00	3.52	(5.48)	11.75
LAZ	1.97	(0.15)	0.00	(0.08)	0.00	0.00	4.04	(4.56)	14.41
PIPR	1.59	(0.20)	0.00	(0.14)	0.00	0.00	2.87	(3.91)	9.43
MC	1.65	(0.23)	0.00	(0.15)	0.00	0.00	2.91	(4.40)	8.78
OPY	1.49	0.00	0.00	0.01	2.10	(1.38)	2.97	(2.92)	10.06
SF-PC	0.56	0.01	0.01	0.09	0.72	(0.55)	1.17	(1.29)	3.91
SF-PB	0.51	0.02	0.03	0.11	0.58	(0.58)	1.28	(1.10)	2.90
PJT	1.58	(0.11)	0.00	(0.08)	0.00	0.00	3.33	(2.68)	11.57
HLI	1.35	(0.08)	0.00	(0.07)	0.00	0.00	2.15	(3.01)	8.89
SF	1.53	(0.07)	0.00	(0.04)	0.00	0.00	2.49	(4.04)	7.51

Perella Weinberg Corporate Management

Robert Steel	Partner Chairman	Profile
Kevin Kaiser	Managing London	Profile
Holger Schmidt	Managing Munich	Profile
Michael Grace	Partner York	Profile
Saahil Sajnani	Managing York	Profile

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