Procore Technologies Correlations
PCOR Stock | USD 73.11 2.76 3.92% |
The current 90-days correlation between Procore Technologies and Eldorado Gold Corp is 0.03 (i.e., Significant diversification). The correlation of Procore Technologies 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.
Procore Technologies Correlation With Market
Very poor diversification
The correlation between Procore Technologies and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procore Technologies and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Procore Stock
0.65 | U | Unity Software Buyout Trend | PairCorr |
0.78 | DJCO | Daily Journal Corp | PairCorr |
0.78 | AI | C3 Ai Inc Sell-off Trend | PairCorr |
0.61 | AZ | A2Z Smart Technologies | PairCorr |
0.84 | BL | Blackline | PairCorr |
0.83 | DT | Dynatrace Holdings LLC | PairCorr |
0.82 | DV | DoubleVerify Holdings | PairCorr |
0.64 | EB | Eventbrite Class A | PairCorr |
0.84 | ZM | Zoom Video Communications | PairCorr |
0.8 | DMRC | Digimarc | PairCorr |
0.65 | VERB | Verb Technology | PairCorr |
0.68 | DUOL | Duolingo | PairCorr |
0.69 | DUOT | Duos Technologies | PairCorr |
0.8 | VTEX | VTEX | PairCorr |
0.7 | VTSI | VirTra Inc | PairCorr |
0.75 | WDAY | Workday | PairCorr |
0.8 | ESTC | Elastic NV | PairCorr |
0.68 | ETWO | E2open Parent Holdings Earnings Call This Week | PairCorr |
0.72 | API | Agora Inc | PairCorr |
Moving against Procore Stock
0.61 | QH | Quhuo | PairCorr |
0.48 | WETO | Webus International | PairCorr |
0.45 | EXFY | Expensify | PairCorr |
0.38 | VMEO | Vimeo Inc | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Procore Stock performing well and Procore Technologies 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 Procore Technologies' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TNYBF | 1.15 | 0.02 | 0.00 | 0.07 | 0.00 | 0.00 | 31.18 | |||
UEC | 3.24 | 0.51 | 0.14 | 0.74 | 3.00 | 7.02 | 31.35 | |||
EGO | 2.14 | 0.32 | 0.09 | 0.99 | 2.55 | 5.32 | 18.49 | |||
GFF | 1.85 | 0.03 | 0.02 | 0.12 | 2.32 | 4.44 | 15.07 | |||
BYND | 2.91 | 0.22 | 0.06 | 0.34 | 3.27 | 8.66 | 18.61 | |||
ZEUS | 2.00 | 0.07 | 0.03 | 0.16 | 2.79 | 5.53 | 14.85 | |||
FIZZ | 1.26 | 0.16 | 0.06 | 0.70 | 1.20 | 3.09 | 7.51 | |||
PFODF | 2.11 | 0.93 | 0.00 | (3.87) | 0.00 | 6.96 | 29.91 |
Procore Technologies Corporate Management
Sandra Benson | Head Transformation | Profile | |
Kevin Oconnor | Non-Executive Independent Director | Profile | |
William Griffith | Non-Executive Independent Director | Profile | |
Linden Hillenbrand | Chief Officer | Profile | |
Joy Durling | Chief Officer | Profile | |
Lawrence Stack | Chief Officer | Profile | |
Graham Smith | Non-Executive Lead Independent Director | Profile |