Perficient Correlations
| PRFT Stock | USD 48.11 0.74 1.51% |
The correlation of Perficient 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perficient moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perficient moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Perficient and NYA is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perficient and NYA in the same portfolio, assuming nothing else is changed.
Perficient |
The ability to find closely correlated positions to Perficient could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perficient when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Perficient - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Perficient to buy it.
Moving together with Perficient Stock
| 0.95 | G | Genpact Limited Earnings Call This Week | PairCorr |
| 0.94 | DMRC | Digimarc | PairCorr |
| 0.81 | EPAM | EPAM Systems | PairCorr |
| 0.88 | ACN | Accenture plc Financial Report 27th of June 2024 | PairCorr |
| 0.75 | CTM | Castellum | PairCorr |
| 0.67 | DXC | DXC Technology Financial Report 16th of May 2024 | PairCorr |
| 0.84 | GIB | CGI Inc Fiscal Year End 13th of November 2024 | PairCorr |
Moving against Perficient Stock
| 0.74 | FIS | Fidelity National Earnings Call This Week | PairCorr |
| 0.54 | FI | Fiserv Inc Symbol Change | PairCorr |
| 0.53 | PSN | Parsons Corp | PairCorr |
| 0.44 | DTST | Data Storage Corp | PairCorr |
Related Correlations Analysis
| 0.93 | -0.16 | 0.21 | 0.75 | GLOB | ||
| 0.93 | -0.31 | 0.07 | 0.7 | CNXC | ||
| -0.16 | -0.31 | 0.31 | 0.24 | CDW | ||
| 0.21 | 0.07 | 0.31 | 0.27 | BBAI | ||
| 0.75 | 0.7 | 0.24 | 0.27 | XRX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Perficient Stock performing well and Perficient 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 Perficient'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLOB | 1.50 | (0.47) | 0.00 | (0.22) | 0.00 | 2.53 | 10.03 | |||
| CNXC | 2.08 | (0.70) | 0.00 | (0.29) | 0.00 | 3.61 | 17.62 | |||
| CDW | 1.05 | (0.06) | 0.00 | 0.36 | 0.00 | 1.77 | 14.35 | |||
| BBAI | 6.26 | 0.52 | 0.05 | (0.36) | 6.99 | 17.80 | 69.80 | |||
| XRX | 1.70 | (0.52) | 0.00 | (0.43) | 0.00 | 2.83 | 15.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Perficient without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |
Perficient Corporate Directors
Perficient corporate directors refer to members of a Perficient board of directors. The board of directors generally takes responsibility for the Perficient's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Perficient's board members must vote for the resolution. The Perficient board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| John Hamlin | Independent Director | Profile | |
| Brian Matthews | Independent Director | Profile | |
| David Lundeen | Independent Director | Profile | |
| Gary Wimberly | Independent Director | Profile |
Already Invested in Perficient?
The danger of trading Perficient is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Perficient is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Perficient. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Perficient is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Perficient is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Perficient Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Perficient Stock. Highlighted below are key reports to facilitate an investment decision about Perficient Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perficient. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more information on how to buy Perficient Stock please use our How to Invest in Perficient guide.Note that the Perficient information on this page should be used as a complementary analysis to other Perficient's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Perficient Stock analysis
When running Perficient's price analysis, check to measure Perficient's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Perficient is operating at the current time. Most of Perficient's value examination focuses on studying past and present price action to predict the probability of Perficient's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perficient's price. Additionally, you may evaluate how the addition of Perficient to your portfolios can decrease your overall portfolio volatility.
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Is Perficient's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Perficient. If investors know Perficient will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Perficient listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share 2.76 | Revenue Per Share 26.669 | Quarterly Revenue Growth (0.05) | Return On Assets 0.08 |
The market value of Perficient is measured differently than its book value, which is the value of Perficient that is recorded on the company's balance sheet. Investors also form their own opinion of Perficient's value that differs from its market value or its book value, called intrinsic value, which is Perficient's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Perficient's market value can be influenced by many factors that don't directly affect Perficient's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Perficient's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perficient is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perficient's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.