Procore Technologies Correlations

PCOR Stock

USD 75.61 1.30 1.75%

The current 90-days correlation between Procore Technologies and nCino Inc is -0.11 (i.e., Good 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

Poor diversification

The correlation between Procore Technologies and DJI is 0.68 (i.e., 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.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procore Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Procore Stock

0.7	U	Unity Software	Pair Corr
0.8	AI	C3 Ai Inc	Pair Corr
0.74	BL	Blackline	Pair Corr
0.65	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr
0.8	DV	DoubleVerify Holdings	Pair Corr
0.61	DOMO	Domo Inc	Pair Corr
0.67	VERB	Verb Technology	Pair Corr
0.63	VTEX	VTEX	Pair Corr
0.64	EGAN	eGain	Pair Corr
0.71	EGHT	8x8 Common Stock	Pair Corr
0.61	ELWS	Earlyworks Co,	Pair Corr
0.65	ETWO	E2open Parent Holdings	Pair Corr
0.77	API	Agora Inc	Pair Corr

Moving against Procore Stock

0.51	VERX	Vertex	Pair Corr
0.6	VMEO	Vimeo Inc Earnings Call This Week	Pair Corr
0.58	WETO	Webus International	Pair Corr
0.44	EPWK	EPWK Holdings	Pair Corr
0.38	WALDW	Waldencast Acquisition	Pair Corr
0.6	EXFY	Expensify	Pair Corr
0.37	FRGT	Freight Technologies	Pair Corr
0.36	FICO	Fair Isaac Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NCNO	PCTY	PEGA	JAMF	FLYW	MNDY	CFLT	OLO	BRZE
NCNO		-0.41	0.7	-0.88	0.62	0.57	0.79	0.82	-0.39	NCNO
PCTY	-0.41		-0.11	0.67	-0.07	-0.02	-0.35	-0.06	0.87	PCTY
PEGA	0.7	-0.11		-0.54	0.79	0.77	0.71	0.75	-0.16	PEGA
JAMF	-0.88	0.67	-0.54		-0.53	-0.3	-0.69	-0.64	0.68	JAMF
FLYW	0.62	-0.07	0.79	-0.53		0.69	0.48	0.84	-0.1	FLYW
MNDY	0.57	-0.02	0.77	-0.3	0.69		0.49	0.69	0.11	MNDY
CFLT	0.79	-0.35	0.71	-0.69	0.48	0.49		0.59	-0.42	CFLT
OLO	0.82	-0.06	0.75	-0.64	0.84	0.69	0.59		-0.03	OLO
BRZE	-0.39	0.87	-0.16	0.68	-0.1	0.11	-0.42	-0.03		BRZE
	NCNO	PCTY	PEGA	JAMF	FLYW	MNDY	CFLT	OLO	BRZE

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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

BRZE	+ 0.87	PCTY
OLO	+ 0.84	FLYW
OLO	+ 0.82	NCNO
CFLT	+ 0.79	NCNO
FLYW	+ 0.79	PEGA
MNDY	+ 0.77	PEGA

High negative correlations

JAMF	- 0.88	NCNO
CFLT	- 0.69	JAMF
OLO	- 0.64	JAMF
JAMF	- 0.54	PEGA
FLYW	- 0.53	JAMF
BRZE	- 0.42	CFLT

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
NCNO	1.43	0.55	0.11	(0.62)	1.14	(1.74)	4.12	(2.25)	6.88
PCTY	1.29	(0.15)	(0.08)	0.08	1.82	(1.24)	2.54	(3.14)	9.61
PEGA	2.09	0.49	0.35	0.50	1.07	(2.31)	3.56	(3.40)	32.39
JAMF	1.83	(0.30)	0.00	1.32	0.00	0.00	3.39	(3.87)	12.16
FLYW	1.86	0.32	0.11	0.67	2.01	(2.14)	3.67	(4.08)	13.11
MNDY	1.84	0.44	0.02	(0.38)	2.33	(1.91)	4.05	(3.41)	13.49
CFLT	2.06	0.12	0.06	0.32	3.40	(2.30)	4.17	(3.32)	25.20
OLO	2.06	0.87	0.34	(4.01)	0.98	(2.92)	7.45	(2.64)	17.95
BRZE	2.12	0.13	(0.05)	(0.01)	4.04	(1.96)	3.79	(5.06)	24.95

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

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