PTC Correlations

PTC Stock

USD 153.05 0.00 0.00%

The current 90-days correlation between PTC Inc and Trade Desk is 0.32 (i.e., Weak diversification). The correlation of PTC 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.

PTC Correlation With Market

Excellent diversification

The correlation between PTC Inc and DJI is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTC Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PTC Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PTC Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with PTC Stock

0.79	U	Unity Software	Pair Corr
0.9	BL	Blackline	Pair Corr
0.93	DT	Dynatrace Holdings LLC	Pair Corr
0.62	DV	DoubleVerify Holdings	Pair Corr
0.8	35U	PAR TECHNOLOGY DL	Pair Corr
0.95	MQ	Marqeta	Pair Corr
0.81	PD	Pagerduty	Pair Corr
0.61	QH	Quhuo	Pair Corr
0.63	VS	Versus Systems	Pair Corr
0.87	WK	Workiva	Pair Corr
0.81	DMRC	Digimarc	Pair Corr
0.76	RM	RM Plc	Pair Corr
0.8	2TY	PagerDuty	Pair Corr
0.95	DOCU	DocuSign	Pair Corr
0.81	DOMO	Domo Inc	Pair Corr
0.82	1Q5	Dropbox Earnings Call This Week	Pair Corr
0.83	VERI	Veritone Downward Rally	Pair Corr
0.76	VERX	Vertex	Pair Corr
0.88	6NCA	NCINO INC DL	Pair Corr
0.81	DSGX	Descartes Systems	Pair Corr
0.81	LY0	Lyft Inc	Pair Corr
0.83	0M5	Bill Holdings	Pair Corr
0.83	AN5	Alpha Systems	Pair Corr

Moving against PTC Stock

0.83	RNI	OXFORD METRICS LS	Pair Corr
0.74	JG	Aurora Mobile	Pair Corr
0.7	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.68	XV7	SERESCO 16	Pair Corr
0.55	TRB	Tribal Group plc	Pair Corr
0.52	LUS1	Lang Schwarz Aktieng	Pair Corr
0.41	ZM	Zoom Video Communications Earnings Call Next Week	Pair Corr
0.4	DSG	Dillistone Group PLC	Pair Corr
0.71	89P	CLAVISTER HOLDING	Pair Corr
0.49	MKQ	Mitek Systems	Pair Corr
0.32	NOW	NowVertical Group Earnings Call This Week	Pair Corr
0.31	MKT	DeepMarkit Corp	Pair Corr

Related Correlations Analysis

	TTD	FIG	SSNC	ZM	GRAB	TYL	JBL	VRSN	FLEX	MSTR
TTD		0.93	0.75	-0.65	0.91	0.93	-0.75	0.66	-0.28	0.85	TTD
FIG	0.93		0.77	-0.45	0.92	0.88	-0.68	0.51	-0.15	0.77	FIG
SSNC	0.75	0.77		-0.32	0.59	0.86	-0.37	0.66	0.04	0.47	SSNC
ZM	-0.65	-0.45	-0.32		-0.46	-0.59	0.57	-0.51	0.47	-0.54	ZM
GRAB	0.91	0.92	0.59	-0.46		0.8	-0.78	0.48	-0.29	0.84	GRAB
TYL	0.93	0.88	0.86	-0.59	0.8		-0.68	0.73	-0.22	0.74	TYL
JBL	-0.75	-0.68	-0.37	0.57	-0.78	-0.68		-0.55	0.64	-0.65	JBL
VRSN	0.66	0.51	0.66	-0.51	0.48	0.73	-0.55		-0.27	0.54	VRSN
FLEX	-0.28	-0.15	0.04	0.47	-0.29	-0.22	0.64	-0.27		-0.15	FLEX
MSTR	0.85	0.77	0.47	-0.54	0.84	0.74	-0.65	0.54	-0.15		MSTR
	TTD	FIG	SSNC	ZM	GRAB	TYL	JBL	VRSN	FLEX	MSTR

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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

FIG	+ 0.93	TTD
TYL	+ 0.93	TTD
GRAB	+ 0.92	FIG
GRAB	+ 0.91	TTD
TYL	+ 0.88	FIG
TYL	+ 0.86	SSNC

High negative correlations

JBL	- 0.78	GRAB
JBL	- 0.75	TTD
JBL	- 0.68	TYL
JBL	- 0.68	FIG
MSTR	- 0.65	JBL
ZM	- 0.65	TTD

Risk-Adjusted Indicators

There is a big difference between PTC Stock performing well and PTC 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 PTC'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
TTD	1.94	(0.83)	0.00	(0.62)	0.00	0.00	3.46	(4.79)	15.09
FIG	2.87	(1.05)	0.00	(0.62)	0.00	0.00	5.24	(7.80)	17.61
SSNC	1.15	(0.29)	0.00	(0.26)	0.00	0.00	1.74	(2.40)	13.44
ZM	1.70	0.11	0.06	0.15	1.90	(1.90)	3.85	(3.44)	15.74
GRAB	1.79	(0.57)	0.00	(0.59)	0.00	0.00	3.41	(3.94)	12.33
TYL	1.85	(0.68)	0.00	(0.48)	0.00	0.00	2.20	(5.90)	19.29
JBL	1.93	0.18	0.06	0.21	2.70	(1.80)	4.41	(3.91)	12.48
VRSN	1.02	(0.18)	0.00	3.33	0.00	0.00	1.87	(2.96)	10.51
FLEX	2.46	(0.02)	0.00	0.04	3.26	(2.53)	5.23	(4.33)	19.07
MSTR	4.05	(0.87)	0.00	(0.31)	0.00	0.00	5.82	(8.14)	31.33

PTC Corporate Management

Aaron Esq	General VP	Profile
Amit Jain	Chief Officer	Profile
Matthew Shimao	Senior Relations	Profile
Steve Dertien	CTO VP	Profile
Lisa Reilly	Executive Officer	Profile
Jamie Pappas	Chief Officer	Profile

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