PureCycle Technologies Correlations

PCTTW Stock

USD 1.51 0.29 16.11%

The current 90-days correlation between PureCycle Technologies and Greenwave Technology Solutions is -0.11 (i.e., Good 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

Very good diversification

The correlation between PureCycle Technologies and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PureCycle Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PureCycle Stock

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

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

Moving together with PureCycle Stock

0.9	FF	FutureFuel Corp	Pair Corr
0.72	603725	Guangdong Tianan New	Pair Corr
0.65	NANO	Nano One Materials	Pair Corr
0.82	603181	Zhejiang Huangma Tec	Pair Corr
0.67	300717	Jiangsu Huaxin New	Pair Corr
0.64	301190	Jiujiang Shanshui	Pair Corr
0.84	688363	Bloomage Biotechnology Co	Pair Corr
0.93	ARQ	Arq Inc	Pair Corr
0.83	FSI	Flexible Solutions	Pair Corr

Moving against PureCycle Stock

0.65	ASH	Ashland Global Holdings Earnings Call This Week	Pair Corr
0.64	ALB	Albemarle Corp	Pair Corr
0.57	603601	Chongqing Zaisheng Tech	Pair Corr
0.52	003002	Shanxi Huhua Group	Pair Corr
0.49	300082	Liaoning Oxiranchem	Pair Corr
0.37	605566	Hangzhou Flariant	Pair Corr
0.31	301003	Jiangsu Boiln Plastics	Pair Corr
0.75	603663	Sanxiang Advanced	Pair Corr
0.71	301019	Ningbo Color Master	Pair Corr
0.6	300910	Xinxiang Richful Lube	Pair Corr
0.55	603027	Qianhe CondimentFood	Pair Corr
0.44	001207	Shandong Link Science	Pair Corr
0.43	IFF	International Flavors	Pair Corr
0.39	002909	Guangzhou Jointas	Pair Corr
0.38	KWR	Quaker Chemical	Pair Corr
0.38	SCL	Stepan Company	Pair Corr

Related Correlations Analysis

	BW	KELYA	PKE	ZIP	TITN	SWBI	MTRX	PHOE	GWAV
BW		-0.42	0.67	-0.61	0.1	0.2	-0.2	-0.69	-0.58	BW
KELYA	-0.42		0.07	-0.13	0.06	0.25	0.85	0.37	0.45	KELYA
PKE	0.67	0.07		-0.8	-0.04	0.69	0.22	-0.55	-0.58	PKE
ZIP	-0.61	-0.13	-0.8		0.13	-0.29	-0.27	0.54	0.64	ZIP
TITN	0.1	0.06	-0.04	0.13		-0.13	0.14	-0.26	-0.03	TITN
SWBI	0.2	0.25	0.69	-0.29	-0.13		0.3	-0.07	-0.15	SWBI
MTRX	-0.2	0.85	0.22	-0.27	0.14	0.3		0.28	0.22	MTRX
PHOE	-0.69	0.37	-0.55	0.54	-0.26	-0.07	0.28		0.6	PHOE
GWAV	-0.58	0.45	-0.58	0.64	-0.03	-0.15	0.22	0.6		GWAV
	BW	KELYA	PKE	ZIP	TITN	SWBI	MTRX	PHOE	GWAV

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

MTRX	+ 0.85	KELYA
SWBI	+ 0.69	PKE
PKE	+ 0.67	BW
GWAV	+ 0.64	ZIP
GWAV	+ 0.6	PHOE
PHOE	+ 0.54	ZIP

High negative correlations

ZIP	- 0.8	PKE
PHOE	- 0.69	BW
ZIP	- 0.61	BW
GWAV	- 0.58	PKE
GWAV	- 0.58	BW
PHOE	- 0.55	PKE

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
BW	5.16	1.77	0.31	0.89	4.62	(5.91)	13.18	(7.60)	44.19
KELYA	1.98	(0.34)	0.00	(0.36)	0.00	0.00	2.91	(4.28)	18.93
PKE	1.64	0.25	0.16	0.29	1.38	(2.00)	4.52	(2.80)	13.02
ZIP	3.21	(0.93)	0.00	(0.28)	0.00	0.00	5.02	(6.62)	18.26
TITN	2.14	(0.08)	0.02	0.04	2.47	(2.56)	4.51	(4.59)	27.01
SWBI	1.77	0.16	0.09	0.21	1.83	(2.27)	4.08	(2.42)	25.97
MTRX	2.06	(0.01)	0.01	0.07	4.63	(1.74)	3.71	(4.06)	22.05
PHOE	3.62	(0.12)	0.00	(1.65)	0.00	0.00	9.28	(8.76)	35.52
GWAV	5.93	(0.82)	0.00	(0.21)	0.00	0.00	13.98	(11.16)	34.22

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