PFMT Old Correlations

Summary

PFMTDelisted Stock

USD 3.19 0.50 13.55%

The current 90-days correlation between PFMT Old and PFSweb Inc is 0.01 (i.e., Significant diversification). The correlation of PFMT Old 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.

PFMT Old Correlation With Market

Average diversification

The correlation between PFMT Old and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PFMT Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center 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 population.

Moving together with PFMT Stock

0.78	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.62	PG	Procter Gamble	Pair Corr

Moving against PFMT Stock

0.62	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.45	CSCO	Cisco Systems	Pair Corr
0.39	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.34	AXP	American Express	Pair Corr
0.33	LGCY	Legacy Education	Pair Corr

Related Correlations Analysis

	NTIP	RTO	WHLM	MADGF	FA	PFSW	DPUI	CASS	CVEO	MMS
NTIP		-0.56	0.02	0.16	-0.14	0.59	-0.39	-0.51	-0.14	-0.28	NTIP
RTO	-0.56		-0.29	-0.23	0.44	-0.67	0.29	0.82	-0.06	0.02	RTO
WHLM	0.02	-0.29		-0.23	-0.59	0.27	0.13	-0.54	0.21	0.44	WHLM
MADGF	0.16	-0.23	-0.23		0.07	0.31	-0.16	-0.13	-0.04	-0.06	MADGF
FA	-0.14	0.44	-0.59	0.07		-0.23	-0.23	0.44	-0.4	-0.56	FA
PFSW	0.59	-0.67	0.27	0.31	-0.23		-0.54	-0.7	-0.24	-0.16	PFSW
DPUI	-0.39	0.29	0.13	-0.16	-0.23	-0.54		0.41	0.78	0.74	DPUI
CASS	-0.51	0.82	-0.54	-0.13	0.44	-0.7	0.41		0.18	0.1	CASS
CVEO	-0.14	-0.06	0.21	-0.04	-0.4	-0.24	0.78	0.18		0.82	CVEO
MMS	-0.28	0.02	0.44	-0.06	-0.56	-0.16	0.74	0.1	0.82		MMS
	NTIP	RTO	WHLM	MADGF	FA	PFSW	DPUI	CASS	CVEO	MMS

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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

CASS	+ 0.82	RTO
MMS	+ 0.82	CVEO
CVEO	+ 0.78	DPUI
MMS	+ 0.74	DPUI
PFSW	+ 0.59	NTIP
FA	+ 0.44	RTO

High negative correlations

CASS	- 0.7	PFSW
PFSW	- 0.67	RTO
FA	- 0.59	WHLM
MMS	- 0.56	FA
RTO	- 0.56	NTIP
DPUI	- 0.54	PFSW

Risk-Adjusted Indicators

There is a big difference between PFMT Stock performing well and PFMT Old 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 PFMT Old'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
NTIP	1.51	0.07	(0.02)	(0.19)	1.92	(1.77)	3.08	(2.94)	9.55
RTO	1.21	0.01	(0.06)	0.00	1.45	(1.38)	2.13	(2.32)	8.36
WHLM	2.74	(0.15)	0.00	0.68	0.00	0.00	6.54	(4.26)	29.56
MADGF	0.36	0.16	0.00	1.18	0.00	0.00	0.00	0.00	12.04
FA	1.51	0.05	(0.01)	0.37	1.59	(1.74)	4.14	(3.01)	10.13
PFSW	2.08	0.20	0.04	(2.94)	2.81	(2.29)	5.84	(5.09)	17.10
DPUI	14.43	2.10	0.05	(0.89)	15.33	(61.46)	50.00	(33.33)	150.00
CASS	1.21	(0.02)	(0.04)	0.04	1.73	(1.32)	2.67	(2.71)	13.07
CVEO	1.33	(0.27)	0.00	(0.73)	0.00	0.00	3.23	(2.18)	8.99
MMS	1.27	(0.23)	0.00	(0.53)	0.00	0.00	2.23	(2.50)	9.73

Delisting Warning - PFMT

PFMT Old was delisted

The entity PFMT Old with a symbol PFMT was delisted from NASDAQ Exchange. Please try Performant Healthcare, with a symbol PHLT from now on. Check all delisted instruments accross multiple markets.

PFMT Old Corporate Management

Amanda Purvis	Senior Innovation	Profile
Richard Zubek	Investor Professional	Profile
Melissa Christ	Chief Officer	Profile
Rohit Ramchandani	Chief Officer	Profile
Scott Putnam	Vice Sales	Profile

Still Interested in PFMT Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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