Purecycle Technologies Correlations

PCTTU Stock

USD 7.73 0.63 8.87%

The current 90-days correlation between Purecycle Technologies and PureCycle Technologies is 0.06 (i.e., Significant diversification). The correlation of Purecycle 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.

Purecycle Technologies Correlation With Market

Average diversification

The correlation between Purecycle Technologies Holding and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Purecycle Technologies Holding and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Purecycle Stock

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

For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.

Moving together with Purecycle Stock

0.84	VLTO	Veralto	Pair Corr
0.86	ARQ	Arq Inc	Pair Corr
0.8	FSS	Federal Signal Earnings Call This Week	Pair Corr
0.92	PCT	Purecycle Technologies Upward Rally	Pair Corr
0.87	ZWS	Zurn Elkay Water	Pair Corr
0.89	ADUR	Aduro Clean Technologies	Pair Corr
0.68	SCWO	374Water Common Stock	Pair Corr
0.83	ATMU	Atmus Filtration Tec	Pair Corr
0.93	PCTTW	PureCycle Technologies	Pair Corr
0.68	TOMZ	TOMI Environmental	Pair Corr
0.77	CECO	CECO Environmental Corp Earnings Call This Week	Pair Corr
0.78	CHNR	China Natural Resources Earnings Call This Week	Pair Corr
0.75	CLIR	ClearSign Combustion	Pair Corr
0.84	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.81	J	Jacobs Solutions	Pair Corr
0.86	R	Ryder System Earnings Call Tomorrow	Pair Corr
0.72	BE	Bloom Energy Corp	Pair Corr
0.62	BV	BrightView Holdings Earnings Call This Week	Pair Corr
0.86	BW	Babcock Wilcox Enter	Pair Corr
0.7	CP	Canadian Pacific Railway Earnings Call Next Week	Pair Corr
0.81	CR	Crane Company	Pair Corr
0.67	DY	Dycom Industries	Pair Corr
0.72	FA	First Advantage Corp	Pair Corr

Moving against Purecycle Stock

0.55	GD	General Dynamics Earnings Call Tomorrow	Pair Corr
0.5	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	PCTTW	PCT	PXSAP	AUUD	PPIH
PCTTW		0.9	0.0	0.73	0.82	PCTTW
PCT	0.9		0.0	0.71	0.79	PCT
PXSAP	0.0	0.0		0.0	0.0	PXSAP
AUUD	0.73	0.71	0.0		0.84	AUUD
PPIH	0.82	0.79	0.0	0.84		PPIH
	PCTTW	PCT	PXSAP	AUUD	PPIH

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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

PCT	+ 0.9	PCTTW
PPIH	+ 0.84	AUUD
PPIH	+ 0.82	PCTTW
PPIH	+ 0.79	PCT
AUUD	+ 0.73	PCTTW
AUUD	+ 0.71	PCT

High negative correlations

PPIH	- 0.0	PXSAP
AUUD	- 0.0	PXSAP
PXSAP	- 0.0	PCT
PXSAP	- 0.0	PCTTW

Risk-Adjusted Indicators

There is a big difference between Purecycle Stock performing well and Purecycle 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 Purecycle 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PCTTW	7.59	(0.96)	0.63	17.12	(15.60)	56.91
PCT	4.01	(0.75)	1.49	8.05	(8.92)	33.15
PXSAP	0.00	0.00	0.00	0.00	0.00	0.00
AUUD	6.50	(0.58)	(0.66)	18.71	(13.73)	49.57
PPIH	2.84	0.01	(0.14)	5.13	(6.60)	29.62

Purecycle Technologies Corporate Management

Matt Cripe	Director Sales	Profile
Jaime Vasquez	Chief Officer	Profile
Dustin Olson	Chief Officer	Profile
Brad JD	General Secretary	Profile

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