Duck Creek Correlations

Summary

DCTDelisted Stock

USD 18.99 0.00 0.00%

The current 90-days correlation between Duck Creek Technologies and Paycor HCM is -0.13 (i.e., Good diversification). The correlation of Duck Creek 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.

Duck Creek Correlation With Market

Good diversification

The correlation between Duck Creek Technologies and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duck Creek Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Related Correlations Analysis

	PYCR	ENFN	PWSC	ETWO	MNTV	OBLG	YMM	KC	BMTX	PLUS
PYCR		0.64	0.71	-0.55	0.17	-0.27	0.21	0.75	0.86	-0.56	PYCR
ENFN	0.64		0.8	-0.57	0.42	-0.24	0.67	0.78	0.72	-0.25	ENFN
PWSC	0.71	0.8		-0.88	0.53	-0.29	0.67	0.7	0.85	-0.29	PWSC
ETWO	-0.55	-0.57	-0.88		-0.33	0.3	-0.61	-0.53	-0.72	0.24	ETWO
MNTV	0.17	0.42	0.53	-0.33		0.02	0.39	0.24	0.32	-0.09	MNTV
OBLG	-0.27	-0.24	-0.29	0.3	0.02		-0.17	-0.3	-0.29	0.24	OBLG
YMM	0.21	0.67	0.67	-0.61	0.39	-0.17		0.58	0.44	0.15	YMM
KC	0.75	0.78	0.7	-0.53	0.24	-0.3	0.58		0.68	-0.5	KC
BMTX	0.86	0.72	0.85	-0.72	0.32	-0.29	0.44	0.68		-0.45	BMTX
PLUS	-0.56	-0.25	-0.29	0.24	-0.09	0.24	0.15	-0.5	-0.45		PLUS
	PYCR	ENFN	PWSC	ETWO	MNTV	OBLG	YMM	KC	BMTX	PLUS

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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

BMTX	+ 0.86	PYCR
BMTX	+ 0.85	PWSC
PWSC	+ 0.8	ENFN
KC	+ 0.78	ENFN
KC	+ 0.75	PYCR
BMTX	+ 0.72	ENFN

High negative correlations

ETWO	- 0.88	PWSC
BMTX	- 0.72	ETWO
YMM	- 0.61	ETWO
ETWO	- 0.57	ENFN
PLUS	- 0.56	PYCR
ETWO	- 0.55	PYCR

Risk-Adjusted Indicators

There is a big difference between Duck Stock performing well and Duck Creek 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 Duck Creek'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
PYCR	1.51	0.22	0.14	0.28	1.42	(1.62)	3.12	(2.96)	9.64
ENFN	1.62	0.16	0.11	0.26	1.55	(1.98)	3.93	(2.90)	10.11
PWSC	0.08	0.02	(0.72)	2.31	0.00	(0.11)	0.18	(0.13)	0.71
ETWO	2.30	(0.70)	0.00	(0.19)	0.00	0.00	3.33	(5.33)	24.64
MNTV	0.90	0.46	2.01	1.92	0.00	(1.77)	0.43	(0.21)	20.63
OBLG	6.46	0.26	0.04	0.24	8.49	(7.16)	11.04	(8.29)	122.32
YMM	2.33	0.31	0.12	0.57	2.21	(3.06)	5.58	(3.79)	18.22
KC	6.58	1.52	0.29	0.55	5.41	(8.40)	19.49	(11.49)	53.75
BMTX	3.17	0.70	0.20	0.71	2.72	(4.32)	7.17	(4.69)	47.84
PLUS	1.66	(0.42)	0.00	(0.08)	0.00	0.00	3.43	(3.01)	25.14

View Duck Creek Related Equities

Paycor HCM Enfusion Powerschool Holdings E2open Parent Holdings Momentive Global Oblong Inc Full Truck Alliance Kingsoft Cloud Holdings Bm Technologies ePlus inc Clearwater Analytics Holdings Expensify Model N Envestnet American Software

Risk & Return

Correlation

Duck Creek Corporate Management

Shreyas Vasanthkumar	Managing EMEA	Profile
Michael Jackowski	CEO Director	Profile
Jeffrey Winter	Chief Officer	Profile
Nageswaran Vaidyanathan	Chief Officer	Profile
Shaji Sethu	Managing Pacific	Profile
Christopher Stone	Gen Officer	Profile
Shrikant Maniar	Managing India	Profile

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