Purecycle Technologies Correlations

PCT Stock

USD 11.68 0.31 2.59%

The current 90-days correlation between Purecycle Technologies and PureCycle Technologies is 0.43 (i.e., Very weak diversification). The correlation of Purecycle Technologies 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.

Purecycle Technologies Correlation With Market

Modest diversification

The correlation between Purecycle Technologies Holding and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Purecycle Technologies Holding 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 Purecycle Technologies Holdings. 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.

For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.

Moving together with Purecycle Stock

0.65	PFFVF	Pfeiffer Vacuum Tech	Pair Corr
0.84	ZWS	Zurn Elkay Water	Pair Corr
0.83	ATMU	Atmus Filtration Tec	Pair Corr
0.96	PCTTW	PureCycle Technologies	Pair Corr
0.92	PCTTU	Purecycle Technologies	Pair Corr
0.81	B	Barnes Group	Pair Corr
0.82	J	Jacobs Solutions	Pair Corr
0.64	R	Ryder System	Pair Corr
0.84	AZ	A2Z Smart Technologies	Pair Corr
0.64	BV	BrightView Holdings	Pair Corr
0.78	BW	Babcock Wilcox Enter	Pair Corr
0.84	CW	Curtiss Wright	Pair Corr
0.68	DE	Deere Company Buyout Trend	Pair Corr
0.64	EH	Ehang Holdings	Pair Corr

Moving against Purecycle Stock

0.77	LIQT	LiqTech International	Pair Corr
0.71	CDTI	CDTi Advanced Materials	Pair Corr
0.39	CECO	CECO Environmental Corp	Pair Corr
0.31	CLWT	Euro Tech Holdings	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.59	CP	Canadian Pacific Railway	Pair Corr
0.4	FA	First Advantage Corp	Pair Corr

Related Correlations Analysis

	PCTTW	AKCCF	ADES	AQUA	FSS	CECO	ZWS	FTEK	MKUL
PCTTW		-0.11	0.04	0.46	-0.29	-0.46	0.83	0.5	0.83	PCTTW
AKCCF	-0.11		-0.32	-0.2	0.29	0.22	-0.19	0.23	-0.15	AKCCF
ADES	0.04	-0.32		0.37	-0.11	-0.03	0.04	0.07	-0.05	ADES
AQUA	0.46	-0.2	0.37		-0.09	-0.48	0.47	0.03	0.52	AQUA
FSS	-0.29	0.29	-0.11	-0.09		0.67	0.07	0.22	-0.3	FSS
CECO	-0.46	0.22	-0.03	-0.48	0.67		-0.23	0.23	-0.44	CECO
ZWS	0.83	-0.19	0.04	0.47	0.07	-0.23		0.45	0.77	ZWS
FTEK	0.5	0.23	0.07	0.03	0.22	0.23	0.45		0.31	FTEK
MKUL	0.83	-0.15	-0.05	0.52	-0.3	-0.44	0.77	0.31		MKUL
	PCTTW	AKCCF	ADES	AQUA	FSS	CECO	ZWS	FTEK	MKUL

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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

ZWS	+ 0.83	PCTTW
MKUL	+ 0.83	PCTTW
MKUL	+ 0.77	ZWS
CECO	+ 0.67	FSS
MKUL	+ 0.52	AQUA
FTEK	+ 0.5	PCTTW

High negative correlations

CECO	- 0.48	AQUA
CECO	- 0.46	PCTTW
MKUL	- 0.44	CECO
ADES	- 0.32	AKCCF
MKUL	- 0.3	FSS
FSS	- 0.29	PCTTW

Risk-Adjusted Indicators

There is a big difference between Purecycle Stock performing well and Purecycle Technologies 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 Purecycle Technologies' 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
PCTTW	6.11	1.95	0.31	1.67	4.63	(8.26)	16.00	(10.81)	76.00
AKCCF	2.79	(0.16)	0.00	(0.33)	0.00	0.00	5.56	(5.36)	17.37
ADES	5.56	0.76	0.10	(0.80)	5.41	(8.03)	19.29	(6.78)	32.83
AQUA	1.02	(0.01)	0.00	0.17	0.00	0.00	2.21	(2.44)	5.91
FSS	1.33	(0.15)	(0.04)	0.00	2.32	(1.14)	2.61	(3.28)	8.72
CECO	2.42	0.00	0.03	0.09	3.17	(2.77)	4.65	(3.36)	18.98
ZWS	1.23	0.22	0.20	0.24	1.00	(1.45)	2.83	(1.93)	9.65
FTEK	1.33	0.05	(0.01)	0.38	1.39	(2.07)	3.06	(2.86)	8.97
MKUL	5.20	0.68	0.13	0.75	5.02	(6.31)	12.15	(8.91)	36.49

Purecycle Technologies Corporate Management

Matt Cripe	Director Sales	Profile
Jaime Vasquez	Chief Officer	Profile
Dustin Olson	Chief Officer	Profile
Brad JD	General Secretary	Profile

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