PureCycle Technologies Correlations

PCTTW Stock

USD 4.25 0.03 0.70%

The current 90-days correlation between PureCycle Technologies and Purecycle Technologies Holdings is 0.53 (i.e., Very weak 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

Significant diversification

The correlation between PureCycle Technologies and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PureCycle Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PureCycle 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 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

0.97	PCT	Purecycle Technologies	Pair Corr
0.71	ZWS	Zurn Elkay Water	Pair Corr
0.71	ATMU	Atmus Filtration Tec	Pair Corr
0.89	PCTTU	Purecycle Technologies	Pair Corr
0.74	B	Barnes Group	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.62	AL	Air Lease	Pair Corr
0.86	AZ	A2Z Smart Technologies	Pair Corr
0.64	BV	BrightView Holdings	Pair Corr
0.75	CW	Curtiss Wright	Pair Corr
0.64	HI	Hillenbrand	Pair Corr

Moving against PureCycle Stock

0.82	LIQT	LiqTech International	Pair Corr
0.73	CLWT	Euro Tech Holdings Earnings Call This Week	Pair Corr
0.65	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.31	CHNR	China Natural Resources	Pair Corr
0.82	CP	Canadian Pacific Railway	Pair Corr
0.72	GP	GreenPower Motor	Pair Corr
0.66	MG	Mistras Group	Pair Corr
0.53	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.51	FA	First Advantage Corp	Pair Corr
0.47	DY	Dycom Industries	Pair Corr
0.42	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.42	HY	Hyster Yale Materials	Pair Corr

Related Correlations Analysis

	ORGNW	PCT	BLDEW	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
ORGNW		-0.44	-0.06	0.0	-0.29	0.1	0.0	0.17	0.04	-0.46	ORGNW
PCT	-0.44		0.65	0.0	0.28	0.22	0.54	0.19	0.46	0.82	PCT
BLDEW	-0.06	0.65		0.0	0.47	0.62	0.7	0.66	0.75	0.67	BLDEW
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	-0.29	0.28	0.47	0.0		0.54	0.02	0.75	0.15	0.19	MSTSX
LBHIX	0.1	0.22	0.62	0.0	0.54		0.51	0.79	0.58	0.4	LBHIX
VIASP	0.0	0.54	0.7	0.0	0.02	0.51		0.37	0.88	0.72	VIASP
RRTLX	0.17	0.19	0.66	0.0	0.75	0.79	0.37		0.47	0.21	RRTLX
OSHDF	0.04	0.46	0.75	0.0	0.15	0.58	0.88	0.47		0.63	OSHDF
70082LAB3	-0.46	0.82	0.67	0.0	0.19	0.4	0.72	0.21	0.63		70082LAB3
	ORGNW	PCT	BLDEW	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

OSHDF	+ 0.88	VIASP
70082LAB3	+ 0.82	PCT
RRTLX	+ 0.79	LBHIX
OSHDF	+ 0.75	BLDEW
RRTLX	+ 0.75	MSTSX
70082LAB3	+ 0.72	VIASP

High negative correlations

70082LAB3	- 0.46	ORGNW
PCT	- 0.44	ORGNW
MSTSX	- 0.29	ORGNW
BLDEW	- 0.06	ORGNW
70082LAB3	- 0.0	AQUI
OSHDF	- 0.0	AQUI

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ORGNW	8.66	0.22	0.03	0.19	9.72	(13.43)	20.00	(16.67)	69.58
PCT	3.91	0.55	0.18	0.37	3.15	(4.99)	9.71	(6.74)	36.40
BLDEW	7.82	1.53	0.16	0.79	6.96	(13.47)	21.21	(14.71)	68.53
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.46	0.05	(0.07)	1.56	0.42	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.00	(0.35)	0.14	0.00	(0.25)	0.24	(0.24)	0.71
VIASP	0.74	0.12	0.02	(2.24)	1.08	(0.82)	2.28	(1.20)	7.18
RRTLX	0.22	0.01	(0.24)	0.33	0.19	(0.25)	0.48	(0.47)	1.36
OSHDF	39.65	22.12	0.00	(0.91)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.66	0.09	(0.01)	(0.58)	0.95	(0.79)	1.75	(0.78)	6.86

PureCycle Technologies Corporate Management

Michael Otworth	CEO Director	Profile
Matt Cripe	Director Sales	Profile
Jaime Vasquez	Chief Officer	Profile
Gordon CPA	Chief Officer	Profile

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