PJT Partners Correlations

PJT Stock

USD 159.15 0.18 0.11%

The current 90-days correlation between PJT Partners and Piper Sandler Companies is 0.91 (i.e., Almost no 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

Modest diversification

The correlation between PJT Partners and DJI is 0.22 (i.e., Modest 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

0.86	V	Visa Class A	Pair Corr
0.79	DIST	Distoken Acquisition	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.77	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.76	CG	Carlyle Group	Pair Corr
0.62	DX	Dynex Capital	Pair Corr
0.93	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.75	LC	LendingClub Corp	Pair Corr
0.81	MA	Mastercard	Pair Corr
0.93	MC	Moelis	Pair Corr
0.85	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.82	PX	P10 Inc	Pair Corr
0.62	QD	Qudian Inc	Pair Corr
0.63	RC	Ready Capital Corp	Pair Corr
0.8	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.85	VCTR	Victory Capital Holdings	Pair Corr
0.89	VIRT	Virtu Financial Earnings Call This Week	Pair Corr
0.65	VRTS	Virtus Investment	Pair Corr

Moving against PJT Stock

0.54	LU	Lufax Holding	Pair Corr
0.55	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.53	XP	Xp Inc	Pair Corr
0.35	WU	Western Union	Pair Corr
0.48	WAVS	Western Acquisition	Pair Corr
0.33	EMCGR	Embrace Change Acqui	Pair Corr
0.33	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	SRL	PIPR	EVR	MC	LAZ	HLI	PWP	JEF	SF	OPY
SRL		-0.32	-0.34	-0.28	-0.3	-0.36	-0.44	-0.49	-0.25	-0.33	SRL
PIPR	-0.32		0.98	0.77	0.88	0.96	0.85	0.52	0.89	0.32	PIPR
EVR	-0.34	0.98		0.8	0.88	0.96	0.85	0.54	0.87	0.34	EVR
MC	-0.28	0.77	0.8		0.54	0.79	0.91	0.78	0.81	0.64	MC
LAZ	-0.3	0.88	0.88	0.54		0.86	0.59	0.23	0.7	0.07	LAZ
HLI	-0.36	0.96	0.96	0.79	0.86		0.87	0.54	0.91	0.42	HLI
PWP	-0.44	0.85	0.85	0.91	0.59	0.87		0.81	0.87	0.65	PWP
JEF	-0.49	0.52	0.54	0.78	0.23	0.54	0.81		0.61	0.78	JEF
SF	-0.25	0.89	0.87	0.81	0.7	0.91	0.87	0.61		0.6	SF
OPY	-0.33	0.32	0.34	0.64	0.07	0.42	0.65	0.78	0.6		OPY
	SRL	PIPR	EVR	MC	LAZ	HLI	PWP	JEF	SF	OPY

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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

EVR	+ 0.98	PIPR
HLI	+ 0.96	PIPR
HLI	+ 0.96	EVR
PWP	+ 0.91	MC
SF	+ 0.91	HLI
SF	+ 0.89	PIPR

High negative correlations

JEF	- 0.49	SRL
PWP	- 0.44	SRL
HLI	- 0.36	SRL
EVR	- 0.34	SRL
OPY	- 0.33	SRL
PIPR	- 0.32	SRL

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
SRL	2.51	0.07	0.02	(0.30)	2.77	(3.39)	3.90	(4.19)	41.24
PIPR	1.56	0.07	0.03	0.11	1.79	(1.87)	3.13	(3.09)	24.59
EVR	1.62	0.08	0.03	0.13	2.09	(1.83)	2.73	(3.03)	22.35
MC	1.69	0.18	0.09	0.26	1.84	(1.90)	3.37	(3.05)	22.95
LAZ	1.77	(0.01)	(0.01)	0.01	1.94	(2.27)	3.95	(3.63)	20.15
HLI	1.29	0.10	0.07	0.21	1.32	(1.48)	2.43	(2.23)	13.87
PWP	2.04	0.31	0.14	0.47	1.92	(2.50)	4.93	(3.79)	23.66
JEF	1.44	0.24	0.09	0.27	2.31	(1.44)	2.51	(2.26)	21.97
SF	1.32	0.23	0.15	0.39	1.29	(1.70)	2.35	(2.45)	18.39
OPY	1.60	0.55	0.38	0.98	0.94	(1.91)	4.94	(2.06)	14.42

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