Progress Software Correlations
| PRGS Stock | USD 47.47 1.25 2.57% |
The current 90-days correlation between Progress Software and PDF Solutions is 0.31 (i.e., Weak diversification). The correlation of Progress Software 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.
Progress Software Correlation With Market
Weak diversification
The correlation between Progress Software and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Progress Software and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Progress Stock
Moving against Progress Stock
| 0.53 | VRNT | Verint Systems | PairCorr |
| 0.5 | EVCM | EverCommerce | PairCorr |
| 0.46 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.33 | FOUR | Shift4 Payments | PairCorr |
| 0.83 | VHC | VirnetX Holding Corp Tech Boost | PairCorr |
| 0.59 | RXT | Rackspace Technology | PairCorr |
Related Correlations Analysis
| 0.58 | -0.32 | 0.65 | 0.8 | 0.55 | 0.68 | PDFS | ||
| 0.58 | -0.07 | 0.41 | 0.82 | 0.9 | 0.85 | PLUS | ||
| -0.32 | -0.07 | 0.06 | -0.02 | -0.02 | 0.04 | PRO | ||
| 0.65 | 0.41 | 0.06 | 0.59 | 0.44 | 0.53 | BLKB | ||
| 0.8 | 0.82 | -0.02 | 0.59 | 0.82 | 0.93 | MANH | ||
| 0.55 | 0.9 | -0.02 | 0.44 | 0.82 | 0.85 | NTCT | ||
| 0.68 | 0.85 | 0.04 | 0.53 | 0.93 | 0.85 | PEGA | ||
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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 Progress Stock performing well and Progress Software 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 Progress Software'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PDFS | 1.94 | 0.25 | 0.13 | 0.30 | 1.96 | 4.80 | 10.88 | |||
| PLUS | 1.25 | 0.13 | 0.08 | 0.27 | 1.27 | 2.71 | 7.63 | |||
| PRO | 2.32 | (0.24) | (0.04) | (0.01) | 3.46 | 4.47 | 20.74 | |||
| BLKB | 1.21 | (0.04) | (0.03) | 0.08 | 1.68 | 2.45 | 8.30 | |||
| MANH | 1.25 | 0.18 | 0.16 | 0.28 | 1.00 | 3.13 | 8.58 | |||
| NTCT | 1.19 | 0.09 | 0.06 | 0.22 | 1.26 | 2.49 | 12.35 | |||
| PEGA | 1.87 | 0.49 | 0.27 | 0.45 | 1.29 | 3.44 | 32.39 |
Progress Software Corporate Management
| Amanda Arria | Chief Officer | Profile | |
| Michael Micciche | Senior Relations | Profile | |
| Sundar Subramanian | Executive Management | Profile | |
| Jeremy Segal | Executive Development | Profile |