Pubmatic Correlations

PUBM Stock

USD 15.87 0.31 1.92%

The current 90-days correlation between Pubmatic and C3 Ai Inc is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pubmatic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pubmatic moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pubmatic Correlation With Market

Very weak diversification

The correlation between Pubmatic and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pubmatic 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 Pubmatic. 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 labor statistics.

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

Moving together with Pubmatic Stock

0.69	DJCO	Daily Journal Corp	Pair Corr
0.61	AI	C3 Ai Inc Trending	Pair Corr
0.73	DV	DoubleVerify Holdings	Pair Corr
0.65	EB	Eventbrite Class A	Pair Corr
0.66	ML	MoneyLion	Pair Corr
0.9	PD	Pagerduty Earnings Call This Week	Pair Corr
0.71	WK	Workiva	Pair Corr
0.69	ZM	Zoom Video Communications	Pair Corr
0.79	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.62	VERX	Vertex	Pair Corr
0.62	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.61	VMEO	Vimeo Inc	Pair Corr
0.68	VTSI	VirTra Inc	Pair Corr
0.61	EGHT	8x8 Common Stock	Pair Corr

Moving against Pubmatic Stock

0.45	DMAN	Innovativ Media Group	Pair Corr
0.57	ELCO	Elcom International	Pair Corr
0.47	EZFL	EzFill Holdings	Pair Corr
0.46	BMR	Beamr Imaging	Pair Corr
0.45	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.39	ETWO	E2open Parent Holdings	Pair Corr
0.31	WRNT	Warrantee American	Pair Corr

Related Correlations Analysis

	SHOP	DDOG	NOW	U	SNOW	TTD	TEAM	WDAY	AI	ZM
SHOP		0.74	0.86	0.28	0.75	0.75	0.85	0.45	0.77	0.81	SHOP
DDOG	0.74		0.8	0.52	0.83	0.85	0.78	0.09	0.91	0.7	DDOG
NOW	0.86	0.8		0.47	0.69	0.92	0.91	0.24	0.79	0.84	NOW
U	0.28	0.52	0.47		0.31	0.56	0.22	-0.42	0.45	0.15	U
SNOW	0.75	0.83	0.69	0.31		0.63	0.73	0.44	0.9	0.68	SNOW
TTD	0.75	0.85	0.92	0.56	0.63		0.86	0.09	0.77	0.82	TTD
TEAM	0.85	0.78	0.91	0.22	0.73	0.86		0.44	0.81	0.94	TEAM
WDAY	0.45	0.09	0.24	-0.42	0.44	0.09	0.44		0.29	0.5	WDAY
AI	0.77	0.91	0.79	0.45	0.9	0.77	0.81	0.29		0.74	AI
ZM	0.81	0.7	0.84	0.15	0.68	0.82	0.94	0.5	0.74		ZM
	SHOP	DDOG	NOW	U	SNOW	TTD	TEAM	WDAY	AI	ZM

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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

ZM	+ 0.94	TEAM
TTD	+ 0.92	NOW
AI	+ 0.91	DDOG
TEAM	+ 0.91	NOW
AI	+ 0.9	SNOW
NOW	+ 0.86	SHOP

High negative correlations

WDAY

- 0.42

Risk-Adjusted Indicators

There is a big difference between Pubmatic Stock performing well and Pubmatic 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 Pubmatic'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
SHOP	1.97	0.45	0.23	0.51	1.64	(2.35)	4.91	(2.68)	26.26
DDOG	1.68	0.34	0.18	0.47	1.59	(1.99)	4.39	(2.63)	8.50
NOW	1.34	0.26	0.19	0.36	1.17	(1.64)	3.04	(2.24)	8.12
U	3.33	0.32	0.13	0.27	3.29	(3.78)	8.52	(5.61)	17.78
SNOW	2.09	0.40	0.24	0.32	1.62	(2.32)	4.20	(3.40)	8.92
TTD	1.50	0.23	0.11	0.34	1.78	(1.64)	3.36	(3.12)	12.33
TEAM	2.01	0.64	0.42	0.55	1.16	(2.75)	3.90	(2.40)	22.97
WDAY	1.36	0.10	0.08	0.21	1.30	(1.55)	2.97	(1.91)	16.94
AI	2.52	0.51	0.21	0.39	2.23	(2.79)	6.94	(5.04)	26.01
ZM	1.37	0.24	0.14	0.36	1.34	(1.50)	2.97	(2.72)	7.89

Pubmatic Corporate Management

Steven Pantelick	Chief Officer	Profile
Rajeev Goel	CEO CoFounder	Profile
Jeffrey Hirsch	Chief Officer	Profile
Lorrie Dougherty	Senior Resources	Profile
Nishant Khatri	VP Management	Profile
Amar Goel	Chief Founder	Profile
Paulina Klimenko	Chief Officer	Profile

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