Piper Sandler Correlations

PIPR Stock

USD 348.81 8.10 2.38%

The current 90-days correlation between Piper Sandler Companies and Perella Weinberg Partners is 0.88 (i.e., Very poor diversification). The correlation of Piper Sandler 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.

Piper Sandler Correlation With Market

Poor diversification

The correlation between Piper Sandler Companies and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Piper Sandler Companies 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 Piper Sandler Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Piper Stock

0.83	V	Visa Class A	Pair Corr
0.85	DHIL	Diamond Hill Investment	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.72	AB	AllianceBernstein	Pair Corr
0.74	AC	Associated Capital	Pair Corr
0.91	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group Normal Trading	Pair Corr
0.84	CG	Carlyle Group	Pair Corr
0.96	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.84	LC	LendingClub Corp	Pair Corr
0.68	LX	Lexinfintech Holdings	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.94	MC	Moelis	Pair Corr
0.94	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.89	PX	P10 Inc	Pair Corr
0.75	QD	Qudian Inc	Pair Corr
0.95	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.69	TW	Tradeweb Markets	Pair Corr
0.9	WT	WisdomTree	Pair Corr
0.93	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.77	DUET	DUET Acquisition Corp	Pair Corr
0.87	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.75	DYCQ	DT Cloud Acquisition	Pair Corr
0.93	VRTS	Virtus Investment	Pair Corr

Moving against Piper Stock

0.72	XP	Xp Inc	Pair Corr
0.7	WU	Western Union	Pair Corr
0.62	PT	Pintec Technology	Pair Corr
0.39	RM	Regional Management Corp	Pair Corr
0.69	BRKHW	BurTech Acquisition Corp	Pair Corr
0.68	BRKHU	BurTech Acquisition Corp	Pair Corr
0.63	BRACU	Broad Capital Acquisition	Pair Corr
0.4	DISTW	Distoken Acquisition	Pair Corr
0.39	PFTAU	Portage Fintech Acqu	Pair Corr
0.34	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	PWP	EVR	LAZ	MC	PJT	SF	HLI	SRL	DFIN
PWP		0.96	0.92	0.89	0.93	0.93	0.96	-0.19	-0.58	PWP
EVR	0.96		0.97	0.92	0.96	0.96	0.98	-0.16	-0.57	EVR
LAZ	0.92	0.97		0.92	0.92	0.92	0.94	-0.12	-0.58	LAZ
MC	0.89	0.92	0.92		0.88	0.83	0.87	-0.16	-0.34	MC
PJT	0.93	0.96	0.92	0.88		0.96	0.97	-0.06	-0.54	PJT
SF	0.93	0.96	0.92	0.83	0.96		0.98	-0.11	-0.66	SF
HLI	0.96	0.98	0.94	0.87	0.97	0.98		-0.16	-0.64	HLI
SRL	-0.19	-0.16	-0.12	-0.16	-0.06	-0.11	-0.16		0.19	SRL
DFIN	-0.58	-0.57	-0.58	-0.34	-0.54	-0.66	-0.64	0.19		DFIN
	PWP	EVR	LAZ	MC	PJT	SF	HLI	SRL	DFIN

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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

HLI	+ 0.98	EVR
HLI	+ 0.98	SF
LAZ	+ 0.97	EVR
HLI	+ 0.97	PJT
EVR	+ 0.96	PWP
HLI	+ 0.96	PWP

High negative correlations

DFIN	- 0.66	SF
DFIN	- 0.64	HLI
DFIN	- 0.58	LAZ
DFIN	- 0.58	PWP
DFIN	- 0.57	EVR
DFIN	- 0.54	PJT

Risk-Adjusted Indicators

There is a big difference between Piper Stock performing well and Piper Sandler 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 Piper Sandler'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
PWP	2.03	0.08	0.16	0.15	1.73	(2.40)	3.77	(3.16)	22.05
EVR	1.62	0.08	0.16	0.15	1.59	(1.83)	3.06	(2.72)	19.27
LAZ	1.63	0.01	0.11	0.13	1.37	(1.96)	3.95	(2.71)	18.37
MC	1.69	(0.10)	0.08	0.09	1.46	(2.25)	3.44	(3.04)	22.37
PJT	1.49	0.13	0.25	0.17	0.94	(2.05)	3.55	(2.04)	18.44
SF	1.25	0.24	0.34	0.23	0.61	(1.59)	3.09	(1.97)	16.31
HLI	1.24	0.13	0.15	0.20	1.03	(1.34)	2.31	(2.04)	12.41
SRL	1.80	(0.13)	0.00	(0.27)	0.00	0.00	3.76	(4.18)	15.25
DFIN	1.39	(0.26)	0.00	(0.05)	0.00	0.00	3.03	(3.22)	11.70

Piper Sandler Corporate Management

Sherry Smith	Independent Director	Profile
Robbin Mitchell	Director	Profile
Kate Clune	Chief Officer	Profile
Philip Soran	Lead Independent Director	Profile
Jonathan Heroux	Managing Group	Profile
Robert Rinek	Managing Group	Profile
Jonathan Doyle	Vice Chairman of the Board and Head of Financial Services Group, Senior Managing Principal	Profile

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