Pattern Group Correlations

PTRN Stock

12.39 0.91 7.93%

The current 90-days correlation between Pattern Group Series and Blackbaud is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pattern Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pattern Group Series moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pattern Group Correlation With Market

Very good diversification

The correlation between Pattern Group Series and DJI is -0.41 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pattern Group Series and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pattern Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pattern Group Series. 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.

Moving together with Pattern Stock

0.71

TRN

Trainline Plc

Pair Corr

Moving against Pattern Stock

0.66	MUM	Mensch und Maschine	Pair Corr
0.47	PTAIY	Astra International Tbk Downward Rally	Pair Corr
0.44	PUTKY	United Tractors Tbk	Pair Corr
0.36	DFS	DFS Furniture PLC	Pair Corr
0.82	FCAP	First Capital Downward Rally	Pair Corr
0.65	JUPGF	Jupiter Gold	Pair Corr
0.64	BNKHF	BOC Hong Kong	Pair Corr
0.62	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.61	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.56	IVVD	Invivyd	Pair Corr
0.5	OBYCF	Obayashi Earnings Call This Week	Pair Corr
0.4	NFG	National Fuel Gas	Pair Corr
0.32	GGLDF	Getchell Gold Corp	Pair Corr
0.31	ENS	Enersys Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ASAN	KC	BLKB	AGYS	BL	GBTG	DAVE	FRSH	BRZE	WRD
ASAN		-0.61	0.92	0.83	0.92	0.77	0.65	0.85	0.86	0.46	ASAN
KC	-0.61		-0.61	-0.59	-0.49	-0.49	-0.55	-0.42	-0.69	-0.2	KC
BLKB	0.92	-0.61		0.76	0.88	0.82	0.66	0.82	0.91	0.55	BLKB
AGYS	0.83	-0.59	0.76		0.87	0.68	0.7	0.72	0.68	0.21	AGYS
BL	0.92	-0.49	0.88	0.87		0.8	0.64	0.89	0.81	0.46	BL
GBTG	0.77	-0.49	0.82	0.68	0.8		0.67	0.68	0.73	0.65	GBTG
DAVE	0.65	-0.55	0.66	0.7	0.64	0.67		0.36	0.6	0.47	DAVE
FRSH	0.85	-0.42	0.82	0.72	0.89	0.68	0.36		0.78	0.33	FRSH
BRZE	0.86	-0.69	0.91	0.68	0.81	0.73	0.6	0.78		0.43	BRZE
WRD	0.46	-0.2	0.55	0.21	0.46	0.65	0.47	0.33	0.43		WRD
	ASAN	KC	BLKB	AGYS	BL	GBTG	DAVE	FRSH	BRZE	WRD

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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

BLKB	+ 0.92	ASAN
BL	+ 0.92	ASAN
BRZE	+ 0.91	BLKB
FRSH	+ 0.89	BL
BL	+ 0.88	BLKB
BL	+ 0.87	AGYS

High negative correlations

BRZE	- 0.69	KC
BLKB	- 0.61	KC
KC	- 0.61	ASAN
AGYS	- 0.59	KC
DAVE	- 0.55	KC
GBTG	- 0.49	KC

Risk-Adjusted Indicators

There is a big difference between Pattern Stock performing well and Pattern Group 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 Pattern Group'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
ASAN	2.33	(0.77)	0.00	(0.56)	0.00	0.00	3.55	(6.34)	15.87
KC	3.01	0.05	0.01	0.13	3.20	(3.44)	8.10	(4.76)	29.29
BLKB	1.90	(0.50)	0.00	(0.47)	0.00	0.00	2.57	(4.33)	12.40
AGYS	2.15	(0.68)	0.00	(0.30)	0.00	0.00	3.41	(5.71)	25.48
BL	1.87	(0.50)	0.00	(0.26)	0.00	0.00	2.73	(5.51)	12.75
GBTG	2.22	(0.48)	0.00	(4.36)	0.00	0.00	3.82	(6.32)	15.25
DAVE	3.41	(0.62)	0.00	(0.08)	0.00	0.00	6.01	(8.15)	19.07
FRSH	2.04	(0.40)	0.00	(0.29)	0.00	0.00	3.12	(5.31)	16.54
BRZE	2.87	(0.67)	0.00	(2.25)	0.00	0.00	3.40	(8.25)	27.69
WRD	3.07	(0.57)	0.00	(0.24)	0.00	0.00	5.19	(6.66)	24.73

Pattern Group Corporate Management

Benjamin Craven	General Counsel	Profile
Jason Beesley	Chief Officer	Profile
Ben Craven	General Counsel	Profile
Brett Bardsley	Chief Officer	Profile
Arthur Cheung	Managing Asia	Profile
Missy Johnson	Chief Officer	Profile
Victoria Bowers	Chief Officer	Profile

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