PJT Partners Correlations

PJT Stock

USD 166.85 4.06 2.49%

The current 90-days correlation between PJT Partners and AllianceBernstein Holding LP is 0.51 (i.e., Very weak diversification). The correlation of PJT Partners 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.

PJT Partners Correlation With Market

Poor diversification

The correlation between PJT Partners and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PJT Partners 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 PJT Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

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

Moving together with PJT Stock

0.77	V	Visa Class A	Pair Corr
0.72	DHIL	Diamond Hill Investment	Pair Corr
0.86	DIST	Distoken Acquisition	Pair Corr
0.81	AB	AllianceBernstein	Pair Corr
0.85	AC	Associated Capital	Pair Corr
0.96	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Normal Trading	Pair Corr
0.94	CG	Carlyle Group	Pair Corr
0.9	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.78	LX	Lexinfintech Holdings	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.88	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
0.82	QD	Qudian Inc	Pair Corr
0.96	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.82	TW	Tradeweb Markets	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.95	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.66	DUET	DUET Acquisition Corp	Pair Corr
0.81	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.83	DYCQ	DT Cloud Acquisition	Pair Corr
0.88	VRTS	Virtus Investment	Pair Corr

Moving against PJT Stock

0.72	XP	Xp Inc	Pair Corr
0.68	WU	Western Union	Pair Corr
0.65	PT	Pintec Technology	Pair Corr
0.49	RM	Regional Management Corp	Pair Corr
0.36	DMYY	dMY Squared Technology	Pair Corr
0.77	BRACU	Broad Capital Acquisition	Pair Corr
0.74	BRKHU	BurTech Acquisition Corp	Pair Corr
0.65	BRKHW	BurTech Acquisition Corp	Pair Corr
0.48	PFTAU	Portage Fintech Acqu	Pair Corr
0.44	DISTW	Distoken Acquisition	Pair Corr
0.42	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.71	0.87	0.6	0.57	0.7	0.85	0.67	0.02	0.43	V
DHIL	0.71		0.71	0.42	0.42	0.68	0.69	0.52	0.06	0.46	DHIL
DIST	0.87	0.71		0.63	0.68	0.8	0.88	0.77	0.21	0.25	DIST
AB	0.6	0.42	0.63		0.9	0.82	0.83	0.91	0.51	0.34	AB
AC	0.57	0.42	0.68	0.9		0.87	0.81	0.93	0.64	0.24	AC
BN	0.7	0.68	0.8	0.82	0.87		0.91	0.94	0.58	0.38	BN
BX	0.85	0.69	0.88	0.83	0.81	0.91		0.9	0.33	0.48	BX
CG	0.67	0.52	0.77	0.91	0.93	0.94	0.9		0.6	0.26	CG
DB	0.02	0.06	0.21	0.51	0.64	0.58	0.33	0.6		0.03	DB
DX	0.43	0.46	0.25	0.34	0.24	0.38	0.48	0.26	0.03		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between PJT Stock performing well and PJT Partners 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 PJT Partners' 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
V	0.83	0.13	0.08	0.29	1.06	(0.96)	2.23	(1.30)	7.73
DHIL	1.24	(0.04)	0.03	0.10	1.12	(1.57)	2.30	(1.80)	8.58
DIST	0.16	0.05	(0.17)	(1.40)	0.00	(0.32)	0.37	(0.18)	2.25
AB	0.99	(0.03)	(0.05)	0.08	1.08	(1.13)	2.11	(2.22)	6.95
AC	1.25	0.16	0.07	0.30	1.62	(1.34)	3.02	(2.64)	12.11
BN	1.24	0.14	0.15	0.22	1.18	(1.47)	2.94	(1.92)	8.95
BX	1.33	0.41	0.37	0.38	0.68	(1.58)	3.33	(1.88)	8.48
CG	1.56	0.24	0.22	0.24	1.31	(1.88)	4.10	(2.22)	13.11
DB	1.33	(0.08)	(0.06)	0.01	1.76	(1.34)	2.91	(2.93)	8.64
DX	0.75	0.02	(0.04)	0.18	1.03	(0.74)	1.56	(1.47)	4.65

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC