PROS Holdings Correlations

PRO Stock

USD 23.63 1.11 4.93%

The current 90-days correlation between PROS Holdings and Alkami Technology is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PROS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PROS Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PROS Holdings Correlation With Market

Very weak diversification

The correlation between PROS Holdings and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PROS Holdings 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 PROS Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in PROS Stock, please use our How to Invest in PROS Holdings guide.

Moving together with PROS Stock

0.86	DJCO	Daily Journal Corp	Pair Corr
0.74	AI	C3 Ai Inc Trending	Pair Corr
0.7	BL	Blackline	Pair Corr
0.67	DV	DoubleVerify Holdings	Pair Corr
0.8	EB	Eventbrite Class A	Pair Corr
0.73	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.82	ML	MoneyLion	Pair Corr
0.72	PD	Pagerduty Earnings Call This Week	Pair Corr
0.93	WK	Workiva	Pair Corr
0.86	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.79	DOCU	DocuSign	Pair Corr
0.85	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.86	VERX	Vertex	Pair Corr
0.87	DSGX	Descartes Systems	Pair Corr
0.74	DTRK	DATATRAK International	Pair Corr
0.63	DUOL	Duolingo	Pair Corr
0.71	DUOT	Duos Technologies Downward Rally	Pair Corr
0.86	VMEO	Vimeo Inc	Pair Corr
0.93	EGHT	8x8 Common Stock	Pair Corr
0.62	ELWS	Earlyworks Co,	Pair Corr

Moving against PROS Stock

0.47	VTEX	VTEX Potential Growth	Pair Corr
0.39	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.32	DMAN	Innovativ Media Group	Pair Corr
0.72	BMR	Beamr Imaging	Pair Corr
0.69	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.62	ELCO	Elcom International	Pair Corr
0.57	EVOL	Evolving Systems	Pair Corr
0.56	ETWO	E2open Parent Holdings	Pair Corr
0.53	WRNT	Warrantee American	Pair Corr
0.47	EZFL	EzFill Holdings	Pair Corr
0.45	SBIGW	SpringBig Holdings	Pair Corr
0.36	WALDW	Waldencast Acquisition	Pair Corr

Related Correlations Analysis

	PCTY	ALKT	ENV	PYCR	PCOR	DSGX	ENFN	ONTF
PCTY		0.79	0.65	0.93	0.93	0.92	0.66	0.55	PCTY
ALKT	0.79		0.58	0.68	0.81	0.81	0.52	0.58	ALKT
ENV	0.65	0.58		0.75	0.64	0.59	0.22	0.49	ENV
PYCR	0.93	0.68	0.75		0.87	0.83	0.54	0.59	PYCR
PCOR	0.93	0.81	0.64	0.87		0.95	0.73	0.62	PCOR
DSGX	0.92	0.81	0.59	0.83	0.95		0.77	0.62	DSGX
ENFN	0.66	0.52	0.22	0.54	0.73	0.77		0.3	ENFN
ONTF	0.55	0.58	0.49	0.59	0.62	0.62	0.3		ONTF
	PCTY	ALKT	ENV	PYCR	PCOR	DSGX	ENFN	ONTF

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Risk-Adjusted Indicators

There is a big difference between PROS Stock performing well and PROS Holdings 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 PROS Holdings' 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
PCTY	1.44	0.26	0.20	0.27	1.25	(1.67)	3.31	(2.49)	12.27
ALKT	1.89	0.12	0.10	0.16	2.07	(2.16)	5.15	(4.11)	11.93
ENV	0.09	(0.01)	(0.72)	(0.15)	0.10	(0.10)	0.22	(0.22)	0.68
PYCR	1.48	0.16	0.10	0.22	1.46	(1.56)	3.05	(2.96)	9.64
PCOR	1.70	0.19	0.16	0.21	1.46	(2.12)	4.79	(2.47)	9.89
DSGX	1.17	0.08	0.06	0.17	1.27	(1.23)	2.61	(2.39)	7.84
ENFN	1.58	0.34	0.13	(1.47)	1.47	(1.95)	3.93	(2.77)	10.11
ONTF	1.62	(0.14)	(0.03)	0.02	1.94	(1.77)	3.22	(2.86)	11.19

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