Perella Weinberg Correlations

PWP Stock

USD 25.84 0.20 0.78%

The current 90-days correlation between Perella Weinberg Partners and Lazard is 0.83 (i.e., Very poor diversification). The correlation of Perella Weinberg 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.

Perella Weinberg Correlation With Market

Poor diversification

The correlation between Perella Weinberg Partners and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perella Weinberg 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 Perella Weinberg 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 housing.

Moving together with Perella Stock

0.81	V	Visa Class A	Pair Corr
0.84	DHIL	Diamond Hill Investment	Pair Corr
0.9	DIST	Distoken Acquisition	Pair Corr
0.73	AB	AllianceBernstein	Pair Corr
0.74	AC	Associated Capital	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.87	BX	Blackstone Group Normal Trading	Pair Corr
0.83	CG	Carlyle Group	Pair Corr
0.98	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.89	LC	LendingClub Corp	Pair Corr
0.65	LX	Lexinfintech Holdings	Pair Corr
0.79	MA	Mastercard	Pair Corr
0.89	MC	Moelis	Pair Corr
0.96	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.86	PX	P10 Inc	Pair Corr
0.74	QD	Qudian Inc	Pair Corr
0.93	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.67	TW	Tradeweb Markets	Pair Corr
0.93	WT	WisdomTree	Pair Corr
0.93	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.76	DUET	DUET Acquisition Corp	Pair Corr
0.87	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.76	DYCQ	DT Cloud Acquisition	Pair Corr
0.95	VRTS	Virtus Investment	Pair Corr

Moving against Perella Stock

0.62	PT	Pintec Technology	Pair Corr
0.74	WU	Western Union	Pair Corr
0.71	XP	Xp Inc	Pair Corr
0.45	RM	Regional Management Corp	Pair Corr
0.32	DMYY	dMY Squared Technology	Pair Corr
0.72	BRKHW	BurTech Acquisition Corp	Pair Corr
0.71	BRKHU	BurTech Acquisition Corp	Pair Corr
0.53	BRACU	Broad Capital Acquisition	Pair Corr
0.32	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	EVR	LAZ	PIPR	MC	OPY	SF-PC	SF-PB	PJT	HLI	SF
EVR		0.97	0.98	0.92	0.75	-0.53	0.25	0.96	0.98	0.96	EVR
LAZ	0.97		0.94	0.92	0.76	-0.55	0.24	0.92	0.94	0.92	LAZ
PIPR	0.98	0.94		0.94	0.72	-0.48	0.23	0.96	0.97	0.95	PIPR
MC	0.92	0.92	0.94		0.65	-0.35	0.2	0.88	0.87	0.83	MC
OPY	0.75	0.76	0.72	0.65		-0.67	-0.01	0.62	0.74	0.76	OPY
SF-PC	-0.53	-0.55	-0.48	-0.35	-0.67		0.37	-0.46	-0.58	-0.57	SF-PC
SF-PB	0.25	0.24	0.23	0.2	-0.01	0.37		0.36	0.27	0.31	SF-PB
PJT	0.96	0.92	0.96	0.88	0.62	-0.46	0.36		0.97	0.96	PJT
HLI	0.98	0.94	0.97	0.87	0.74	-0.58	0.27	0.97		0.98	HLI
SF	0.96	0.92	0.95	0.83	0.76	-0.57	0.31	0.96	0.98		SF
	EVR	LAZ	PIPR	MC	OPY	SF-PC	SF-PB	PJT	HLI	SF

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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

PIPR	+ 0.98	EVR
HLI	+ 0.98	EVR
SF	+ 0.98	HLI
LAZ	+ 0.97	EVR
HLI	+ 0.97	PIPR
HLI	+ 0.97	PJT

High negative correlations

SF-PC	- 0.67	OPY
HLI	- 0.58	SF-PC
SF	- 0.57	SF-PC
SF-PC	- 0.55	LAZ
SF-PC	- 0.53	EVR
SF-PC	- 0.48	PIPR

Risk-Adjusted Indicators

There is a big difference between Perella Stock performing well and Perella Weinberg 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 Perella Weinberg'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
EVR	1.62	0.08	0.16	0.15	1.59	(1.83)	3.06	(2.72)	19.27
LAZ	1.63	0.01	0.11	0.13	1.37	(1.96)	3.95	(2.71)	18.37
PIPR	1.52	0.07	0.20	0.14	1.14	(1.92)	3.14	(2.70)	22.79
MC	1.69	(0.10)	0.08	0.09	1.46	(2.25)	3.44	(3.04)	22.37
OPY	1.28	0.15	0.12	0.27	0.96	(1.53)	2.58	(2.06)	13.50
SF-PC	0.57	(0.04)	0.00	(0.18)	0.00	0.00	1.54	(1.34)	3.98
SF-PB	0.33	0.01	(0.27)	(0.24)	0.38	(0.37)	0.68	(0.67)	2.21
PJT	1.49	0.13	0.25	0.17	0.94	(2.05)	3.55	(2.04)	18.44
HLI	1.24	0.13	0.15	0.20	1.03	(1.34)	2.31	(2.04)	12.41
SF	1.25	0.24	0.34	0.23	0.61	(1.59)	3.09	(1.97)	16.31

Perella Weinberg Corporate Management

CPA CPA	MD Officer	Profile
Taylor Reinhardt	Executive Relations	Profile
Joseph Perella	Founding CoFounder	Profile
Christopher Ziotas	MD CTO	Profile
Justin Kamen	Corporate Secretary	Profile
Robert Steel	Partner Chairman	Profile
Jeoffrey Lambujon	Managing Houston	Profile

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