Piper Sandler Correlations

PIPR Stock

USD 349.97 10.26 3.02%

The current 90-days correlation between Piper Sandler Companies and MarketAxess Holdings is 0.06 (i.e., Significant diversification). The correlation of Piper Sandler 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.

Piper Sandler Correlation With Market

Poor diversification

The correlation between Piper Sandler Companies and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Piper Sandler Companies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Piper Stock

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

Moving together with Piper Stock

0.73	MC	Moelis	Pair Corr
0.85	EVR	Evercore Partners	Pair Corr
0.63	SYF	Synchrony Financial	Pair Corr
0.64	MEOAF	Melbana Energy	Pair Corr

Moving against Piper Stock

0.39	PDCC	Pearl Diver Credit	Pair Corr
0.36	600390	Minmetals Capital	Pair Corr
0.51	NMRD	Nemaura Medical	Pair Corr

Related Correlations Analysis

	MKTX	HUT	MC	WULF	SNEX	PFSI	LAZ	FAF	PJT	VIRT
MKTX		0.05	0.62	-0.49	0.48	0.18	0.18	-0.11	0.18	-0.27	MKTX
HUT	0.05		0.24	0.5	0.28	0.01	-0.26	-0.49	0.2	-0.13	HUT
MC	0.62	0.24		-0.17	0.77	0.34	0.38	0.08	0.57	-0.23	MC
WULF	-0.49	0.5	-0.17		-0.14	0.03	0.01	-0.04	0.08	0.33	WULF
SNEX	0.48	0.28	0.77	-0.14		-0.19	0.22	-0.29	0.72	-0.52	SNEX
PFSI	0.18	0.01	0.34	0.03	-0.19		0.36	0.71	-0.17	0.45	PFSI
LAZ	0.18	-0.26	0.38	0.01	0.22	0.36		0.53	0.26	0.44	LAZ
FAF	-0.11	-0.49	0.08	-0.04	-0.29	0.71	0.53		-0.17	0.46	FAF
PJT	0.18	0.2	0.57	0.08	0.72	-0.17	0.26	-0.17		-0.31	PJT
VIRT	-0.27	-0.13	-0.23	0.33	-0.52	0.45	0.44	0.46	-0.31		VIRT
	MKTX	HUT	MC	WULF	SNEX	PFSI	LAZ	FAF	PJT	VIRT

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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

SNEX	+ 0.77	MC
PJT	+ 0.72	SNEX
FAF	+ 0.71	PFSI
MC	+ 0.62	MKTX
PJT	+ 0.57	MC
FAF	+ 0.53	LAZ

High negative correlations

VIRT	- 0.52	SNEX
FAF	- 0.49	HUT
WULF	- 0.49	MKTX
VIRT	- 0.31	PJT
FAF	- 0.29	SNEX
VIRT	- 0.27	MKTX

Risk-Adjusted Indicators

There is a big difference between Piper Stock performing well and Piper Sandler 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 Piper Sandler'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
MKTX	1.13	0.06	(0.01)	(0.16)	1.38	(1.15)	2.95	(2.54)	6.29
HUT	5.75	0.62	0.09	0.20	7.90	(5.49)	14.21	(13.52)	31.48
MC	1.50	(0.06)	0.00	(0.22)	0.00	0.00	2.92	(3.84)	10.53
WULF	4.49	0.21	0.04	0.15	6.30	(4.24)	10.49	(10.41)	30.36
SNEX	1.71	(0.09)	0.00	(0.21)	0.00	0.00	3.98	(3.25)	10.99
PFSI	1.26	0.04	0.03	0.10	1.26	(1.64)	2.44	(2.13)	10.30
LAZ	1.46	(0.12)	0.00	(0.50)	0.00	0.00	2.83	(2.67)	12.15
FAF	1.06	(0.08)	0.00	(0.07)	0.00	0.00	2.23	(2.63)	6.39
PJT	1.37	(0.12)	0.00	(0.06)	0.00	0.00	2.37	(3.17)	9.59
VIRT	1.15	(0.13)	0.00	(0.52)	0.00	0.00	1.83	(2.32)	6.62

Piper Sandler Corporate Management

Sherry Smith	Independent Director	Profile
Robbin Mitchell	Director	Profile
Kate Clune	Chief Officer	Profile
Philip Soran	Lead Independent Director	Profile
Jonathan Heroux	Managing Group	Profile
Robert Rinek	Managing Group	Profile
Jonathan Doyle	Vice Chairman of the Board and Head of Financial Services Group, Senior Managing Principal	Profile

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