PAR Technology Correlations

PAR Stock

USD 19.81 0.20 1.02%

The current 90-days correlation between PAR Technology and Alight Inc is 0.05 (i.e., Significant diversification). The correlation of PAR Technology 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.

PAR Technology Correlation With Market

Very good diversification

The correlation between PAR Technology and DJI is -0.44 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PAR Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PAR Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PAR Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in PAR Stock, please use our How to Invest in PAR Technology guide.

Moving together with PAR Stock

0.63	KE	Kimball Electronics	Pair Corr
0.87	EBON	Ebang International	Pair Corr
0.67	OTK	Otsuka	Pair Corr
0.78	EVLV	Evolv Technologies Earnings Call This Week	Pair Corr
0.72	WRAP	Wrap Technologies Earnings Call This Week	Pair Corr

Moving against PAR Stock

0.91	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.87	LFS	Littelfuse	Pair Corr
0.81	KN	Knowles Cor	Pair Corr
0.79	Q	Qnity Electronics Earnings Call This Week	Pair Corr
0.79	PX4	Plexus Corp	Pair Corr
0.74	PRHA	Prosegur Compaa de Earnings Call This Week	Pair Corr
0.51	AN1	Anritsu	Pair Corr
0.42	VRME	VerifyMe	Pair Corr
0.34	P4O	Plan Optik AG	Pair Corr
0.91	VNI	Avnet Inc	Pair Corr
0.84	BRV	Brady	Pair Corr
0.8	MKT	MKS Instruments	Pair Corr
0.71	SATLW	Satellogic Warrant	Pair Corr
0.7	BAERW	Bridger Aerospace	Pair Corr
0.64	H7B	COHERENT CORP	Pair Corr
0.35	7YM	NSE SA EO	Pair Corr
0.91	AVT	Avnet Inc	Pair Corr
0.9	ARW	Arrow Electronics	Pair Corr
0.88	BHE	Benchmark Electronics	Pair Corr
0.79	BDC	Belden Inc	Pair Corr
0.51	MLI	MESA LABS INC	Pair Corr

Related Correlations Analysis

	ALIT	AMPL	KDK	LSPD	PD	MLNK	KARO	FSLY	ADEA	PRCH
ALIT		0.73	-0.38	0.65	0.8	-0.52	-0.28	-0.39	-0.77	0.67	ALIT
AMPL	0.73		0.12	0.97	0.86	-0.09	-0.25	-0.39	-0.39	0.67	AMPL
KDK	-0.38	0.12		0.2	-0.18	0.78	0.38	-0.22	0.73	-0.3	KDK
LSPD	0.65	0.97	0.2		0.83	-0.04	-0.23	-0.39	-0.29	0.67	LSPD
PD	0.8	0.86	-0.18	0.83		-0.45	-0.49	-0.38	-0.61	0.71	PD
MLNK	-0.52	-0.09	0.78	-0.04	-0.45		0.55	-0.09	0.68	-0.37	MLNK
KARO	-0.28	-0.25	0.38	-0.23	-0.49	0.55		-0.26	0.46	-0.52	KARO
FSLY	-0.39	-0.39	-0.22	-0.39	-0.38	-0.09	-0.26		-0.04	0.09	FSLY
ADEA	-0.77	-0.39	0.73	-0.29	-0.61	0.68	0.46	-0.04		-0.59	ADEA
PRCH	0.67	0.67	-0.3	0.67	0.71	-0.37	-0.52	0.09	-0.59		PRCH
	ALIT	AMPL	KDK	LSPD	PD	MLNK	KARO	FSLY	ADEA	PRCH

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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

LSPD	+ 0.97	AMPL
PD	+ 0.86	AMPL
PD	+ 0.83	LSPD
PD	+ 0.8	ALIT
MLNK	+ 0.78	KDK
AMPL	+ 0.73	ALIT

High negative correlations

ADEA	- 0.77	ALIT
ADEA	- 0.61	PD
PRCH	- 0.59	ADEA
PRCH	- 0.52	KARO
MLNK	- 0.52	ALIT
KARO	- 0.49	PD

Risk-Adjusted Indicators

There is a big difference between PAR Stock performing well and PAR Technology 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 PAR Technology'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
ALIT	3.23	(1.56)	0.00	(0.68)	0.00	0.00	5.23	(5.96)	45.35
AMPL	2.56	(0.68)	0.00	(0.43)	0.00	0.00	3.58	(7.59)	15.90
KDK	3.38	0.38	0.08	(3.08)	3.40	(4.08)	8.29	(6.27)	20.14
LSPD	1.75	(0.46)	0.00	(0.24)	0.00	0.00	2.54	(4.71)	15.21
PD	2.59	(1.27)	0.00	(1.45)	0.00	0.00	3.09	(9.08)	25.47
MLNK	0.90	0.34	0.27	(0.96)	0.15	(1.32)	1.15	(0.96)	25.01
KARO	1.77	0.02	0.01	0.08	1.95	(1.98)	4.32	(3.61)	13.23
FSLY	4.38	1.08	0.29	(3.15)	2.90	(6.07)	6.63	(5.51)	76.32
ADEA	2.31	0.56	0.28	0.34	1.69	(2.79)	4.89	(2.96)	36.55
PRCH	2.84	(0.42)	0.00	(0.12)	0.00	0.00	4.27	(6.71)	20.87

PAR Technology Corporate Management

Christopher Byrnes	VP - Business & Financial Relations	Profile
Catherine King	Chief Secretary	Profile
Victor Melnikow	Exec Unit	Profile
Oliver Ostertag	General Cloud	Profile
Thamba Tharmalingam	Chief Officer	Profile
Paul Rubin	Chief Retail	Profile

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