Pegasystems Correlations

PEGA Stock

USD 39.26 0.62 1.55%

The current 90-days correlation between Pegasystems and Manhattan Associates is 0.48 (i.e., Very weak diversification). The correlation of Pegasystems 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.

Pegasystems Correlation With Market

Very good diversification

The correlation between Pegasystems and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pegasystems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pegasystems Stock

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

For information on how to trade Pegasystems Stock refer to our How to Trade Pegasystems Stock guide.

Moving together with Pegasystems Stock

0.67	U	Unity Software	Pair Corr
0.76	DT	Dynatrace Holdings LLC	Pair Corr
0.76	MQ	Marqeta	Pair Corr
0.65	PD	Pagerduty	Pair Corr
0.61	ESTC	Elastic NV	Pair Corr
0.72	TTD	Trade Desk	Pair Corr
0.89	HUBS	HubSpot	Pair Corr
0.91	INTU	Intuit Inc	Pair Corr
0.64	LPSN	LivePerson	Pair Corr
0.76	MNDY	MondayCom Earnings Call This Week	Pair Corr
0.83	PAYC	Paycom Software Earnings Call This Week	Pair Corr
0.61	PHUN	Phunware	Pair Corr
0.82	ADSK	Autodesk	Pair Corr
0.93	TEAM	Atlassian Corp Plc Earnings Call Today	Pair Corr

Moving against Pegasystems Stock

0.35	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.31	ASUR	Asure Software	Pair Corr
0.87	KO	Coca Cola Aggressive Push	Pair Corr
0.82	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.71	PG	Procter Gamble	Pair Corr
0.69	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.61	INTC	Intel	Pair Corr
0.53	MRK	Merck Company Aggressive Push	Pair Corr
0.41	BA	Boeing	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.39	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.38	GLUC	Glucose Health	Pair Corr

Related Correlations Analysis

	MANH	GTM	PAYC	IDCC	OTEX	APPF	AKAM	DAY	QXO	MNDY
MANH		0.85	0.84	0.38	0.87	0.81	-0.55	-0.35	-0.31	0.71	MANH
GTM	0.85		0.89	0.46	0.94	0.89	-0.76	-0.44	-0.34	0.86	GTM
PAYC	0.84	0.89		0.64	0.97	0.88	-0.8	-0.61	-0.57	0.92	PAYC
IDCC	0.38	0.46	0.64		0.58	0.61	-0.63	-0.78	-0.67	0.76	IDCC
OTEX	0.87	0.94	0.97	0.58		0.9	-0.81	-0.57	-0.55	0.91	OTEX
APPF	0.81	0.89	0.88	0.61	0.9		-0.73	-0.62	-0.56	0.88	APPF
AKAM	-0.55	-0.76	-0.8	-0.63	-0.81	-0.73		0.64	0.55	-0.9	AKAM
DAY	-0.35	-0.44	-0.61	-0.78	-0.57	-0.62	0.64		0.76	-0.72	DAY
QXO	-0.31	-0.34	-0.57	-0.67	-0.55	-0.56	0.55	0.76		-0.62	QXO
MNDY	0.71	0.86	0.92	0.76	0.91	0.88	-0.9	-0.72	-0.62		MNDY
	MANH	GTM	PAYC	IDCC	OTEX	APPF	AKAM	DAY	QXO	MNDY

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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

OTEX	+ 0.97	PAYC
OTEX	+ 0.94	GTM
MNDY	+ 0.92	PAYC
MNDY	+ 0.91	OTEX
APPF	+ 0.9	OTEX
PAYC	+ 0.89	GTM

High negative correlations

MNDY	- 0.9	AKAM
AKAM	- 0.81	OTEX
AKAM	- 0.8	PAYC
DAY	- 0.78	IDCC
AKAM	- 0.76	GTM
AKAM	- 0.73	APPF

Risk-Adjusted Indicators

There is a big difference between Pegasystems Stock performing well and Pegasystems 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 Pegasystems' 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
MANH	1.49	(0.43)	0.00	(0.45)	0.00	0.00	2.51	(4.20)	13.27
GTM	2.06	(0.73)	0.00	(0.53)	0.00	0.00	4.11	(5.69)	17.95
PAYC	1.60	(0.58)	0.00	(0.47)	0.00	0.00	2.58	(3.80)	11.72
IDCC	1.87	(0.33)	0.00	(1.40)	0.00	0.00	3.47	(4.57)	17.55
OTEX	1.44	(0.76)	0.00	(0.69)	0.00	0.00	1.45	(3.92)	8.74
APPF	1.68	(0.43)	0.00	(0.27)	0.00	0.00	3.09	(4.28)	16.26
AKAM	1.93	0.38	0.16	(4.19)	1.83	(2.24)	4.04	(3.43)	18.87
DAY	0.14	0.02	(0.20)	0.57	0.00	(0.18)	0.29	(0.25)	0.93
QXO	2.68	0.30	0.16	0.16	2.39	(3.60)	5.47	(3.35)	22.99
MNDY	2.42	(0.95)	0.00	(1.88)	0.00	0.00	3.19	(6.39)	17.07

Pegasystems Corporate Management

Leon Trefler	Sr. VP of Global Customer Success	Profile
Efstathios Kouninis	Chief Accounting Officer and VP of Fin.	Profile
Peter Welburn	Vice Relations	Profile
Katherine Parente	Chief Officer	Profile
Matthew JD	Chief VP	Profile
Benjamin Ostapuk	Chief Secretary	Profile
Kerim Akgonul	Chief Officer	Profile

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