PJT Partners Correlations

PJT Stock

USD 154.11 5.37 3.37%

The current 90-days correlation between PJT Partners and Lazard is 0.61 (i.e., Poor 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

Weak diversification

The correlation between PJT Partners and DJI is 0.34 (i.e., Weak 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.

Build AI portfolio with PJT Stock

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 bureau of economic analysis.

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

Moving together with PJT Stock

0.68

BFDE

Bedford Energy

Pair Corr

Moving against PJT Stock

0.41

HFC

Hampton Financial Corp

Pair Corr

Related Correlations Analysis

	LAZ	BGC	MC	SNEX	ASB	MIAX	VCTR	TCBI	CADE	AGO
LAZ		0.39	0.52	0.8	0.8	-0.54	0.74	0.81	0.41	-0.46	LAZ
BGC	0.39		0.36	0.43	0.4	0.11	0.35	0.34	0.36	-0.28	BGC
MC	0.52	0.36		0.66	0.61	-0.51	0.59	0.73	0.86	-0.26	MC
SNEX	0.8	0.43	0.66		0.88	-0.68	0.96	0.92	0.75	-0.47	SNEX
ASB	0.8	0.4	0.61	0.88		-0.69	0.8	0.94	0.63	-0.21	ASB
MIAX	-0.54	0.11	-0.51	-0.68	-0.69		-0.68	-0.78	-0.57	0.24	MIAX
VCTR	0.74	0.35	0.59	0.96	0.8	-0.68		0.85	0.7	-0.5	VCTR
TCBI	0.81	0.34	0.73	0.92	0.94	-0.78	0.85		0.76	-0.37	TCBI
CADE	0.41	0.36	0.86	0.75	0.63	-0.57	0.7	0.76		-0.32	CADE
AGO	-0.46	-0.28	-0.26	-0.47	-0.21	0.24	-0.5	-0.37	-0.32		AGO
	LAZ	BGC	MC	SNEX	ASB	MIAX	VCTR	TCBI	CADE	AGO

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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

VCTR	+ 0.96	SNEX
TCBI	+ 0.94	ASB
TCBI	+ 0.92	SNEX
ASB	+ 0.88	SNEX
CADE	+ 0.86	MC
TCBI	+ 0.85	VCTR

High negative correlations

TCBI	- 0.78	MIAX
MIAX	- 0.69	ASB
VCTR	- 0.68	MIAX
MIAX	- 0.68	SNEX
CADE	- 0.57	MIAX
MIAX	- 0.54	LAZ

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
LAZ	1.69	(0.05)	0.00	0.04	2.43	(1.63)	3.71	(3.69)	12.16
BGC	1.39	0.00	(0.01)	0.07	1.83	(1.43)	2.65	(2.97)	9.31
MC	1.58	(0.07)	(0.01)	0.03	2.23	(1.64)	3.36	(4.25)	10.70
SNEX	1.82	0.40	0.22	0.28	1.60	(1.98)	4.80	(3.12)	9.35
ASB	1.22	0.04	0.04	0.11	1.31	(1.58)	3.31	(2.18)	8.15
MIAX	2.03	(0.20)	0.00	(0.80)	0.00	0.00	3.60	(4.57)	11.00
VCTR	1.34	0.25	0.17	0.26	1.20	(1.48)	2.94	(2.17)	6.84
TCBI	1.21	0.15	0.10	0.21	1.34	(1.33)	3.42	(2.12)	10.21
CADE	1.20	0.18	0.06	(2.56)	1.49	(1.31)	3.30	(2.25)	10.36
AGO	0.75	(0.02)	(0.06)	0.01	1.09	(0.79)	1.63	(1.39)	6.60

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