PDF Solutions Correlations

PDFS Stock

USD 23.79 0.02 0.08%

The current 90-days correlation between PDF Solutions and ePlus inc is 0.43 (i.e., Very weak diversification). The correlation of PDF Solutions 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.

PDF Solutions Correlation With Market

Very weak diversification

The correlation between PDF Solutions and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PDF Solutions 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 PDF Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

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Moving against PDF Stock

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Related Correlations Analysis

	PLUS	PRGS	AGYS	SPNS	PLAB	PPBI
PLUS		0.11	0.88	0.64	-0.06	0.37	PLUS
PRGS	0.11		-0.25	-0.44	-0.22	-0.39	PRGS
AGYS	0.88	-0.25		0.74	0.0	0.47	AGYS
SPNS	0.64	-0.44	0.74		0.24	0.65	SPNS
PLAB	-0.06	-0.22	0.0	0.24		0.63	PLAB
PPBI	0.37	-0.39	0.47	0.65	0.63		PPBI
	PLUS	PRGS	AGYS	SPNS	PLAB	PPBI

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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

AGYS	+ 0.88	PLUS
SPNS	+ 0.74	AGYS
PPBI	+ 0.65	SPNS
SPNS	+ 0.64	PLUS
PPBI	+ 0.63	PLAB
PPBI	+ 0.47	AGYS

High negative correlations

SPNS	- 0.44	PRGS
PPBI	- 0.39	PRGS
AGYS	- 0.25	PRGS
PLAB	- 0.22	PRGS
PLAB	- 0.06	PLUS
PLAB	- 0.0	AGYS

Risk-Adjusted Indicators

There is a big difference between PDF Stock performing well and PDF Solutions 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 PDF Solutions' 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
PLUS	1.29	(0.08)	(0.03)	0.17	1.37	(1.31)	2.71	(2.43)	7.63
PRGS	1.39	(0.33)	0.00	(0.14)	0.00	0.00	2.31	(2.57)	16.33
AGYS	1.95	0.62	0.28	0.91	1.41	(2.28)	3.97	(3.47)	26.83
SPNS	1.16	(0.02)	(0.02)	0.21	1.57	(1.22)	2.70	(2.25)	6.25
PLAB	1.82	(0.21)	(0.01)	0.11	3.18	(1.96)	4.09	(3.67)	21.52
PPBI	1.52	0.30	0.01	(1.13)	1.53	(1.71)	4.40	(3.01)	11.60

PDF Solutions Corporate Management

David Park	VP Marketing	Profile
P Mozumder	Vice Sales	Profile
Said Akar	General Manager	Profile
Andrzej Strojwas	Chief Officer	Profile
Peter Cohn	Secretary	Profile

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