Perella Weinberg Correlations

PWP Stock

USD 19.23 0.22 1.16%

The current 90-days correlation between Perella Weinberg Partners and Acadian Asset Management is 0.17 (i.e., Average diversification). The correlation of Perella Weinberg 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.

Perella Weinberg Correlation With Market

Poor diversification

The correlation between Perella Weinberg Partners and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perella Weinberg Partners 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 Perella Weinberg Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Perella Stock

0.77	JLEN	JLEN Environmental Assets	Pair Corr
0.66	PRIM	Primorus Investments plc	Pair Corr
0.76	FHI	Federated Investors	Pair Corr
0.87	LIT	Litigation Capital	Pair Corr
0.92	LFT	Lument Finance Trust	Pair Corr
0.89	GSBD	Goldman Sachs BDC	Pair Corr
0.88	HLNE	Hamilton Lane	Pair Corr
0.81	ICG	Intermediate Capital Earnings Call This Week	Pair Corr
0.69	TAVI	Tavistock Investments Plc	Pair Corr
0.64	MFIC	MidCap Financial Inv	Pair Corr

Moving against Perella Stock

0.85	BIOG	Biotech Growth	Pair Corr
0.82	WWH	Worldwide Healthcare Earnings Call This Week	Pair Corr
0.78	LWI	Lowland Investment	Pair Corr
0.72	ATT	Allianz Technology Trust	Pair Corr
0.69	IEM	Impax Environmental	Pair Corr
0.55	VEIL	Vietnam Enterprise	Pair Corr
0.53	HRI	Herald Investment Trust	Pair Corr
0.34	TAM	Tatton Asset Management	Pair Corr
0.88	IBT	International Biotechnology	Pair Corr
0.87	EGL	Ecofin Global Utilities	Pair Corr
0.84	RICA	Ruffer Investment	Pair Corr
0.79	OIT	Odyssean Investment Trust	Pair Corr
0.74	MNKS	Monks Investment Trust	Pair Corr
0.73	FCIT	FC Investment Trust	Pair Corr
0.73	ALK	Alkemy Capital Inves	Pair Corr
0.72	PCT	Polar Capital Technology	Pair Corr
0.71	EJFI	EJF Investments	Pair Corr
0.67	CGI	Canadian General Inv	Pair Corr
0.65	BRWM	Blackrock World Mining	Pair Corr
0.6	BRFI	BlackRock Frontiers	Pair Corr
0.6	ARR	Aurora Investment Trust	Pair Corr
0.56	MGCI	MG Credit Income	Pair Corr
0.37	MRC	The Mercantile Investment	Pair Corr

Related Correlations Analysis

	SF	AAMI	FCF	AGM	WT	PACS	CHCO	FINV	NWBI
SF		0.04	-0.25	-0.1	-0.5	-0.03	-0.01	-0.36	-0.27	SF
AAMI	0.04		0.4	0.39	0.3	-0.13	0.41	0.35	0.28	AAMI
FCF	-0.25	0.4		0.82	0.79	-0.34	0.9	0.7	0.67	FCF
AGM	-0.1	0.39	0.82		0.47	-0.61	0.86	0.77	0.4	AGM
WT	-0.5	0.3	0.79	0.47		-0.13	0.56	0.5	0.67	WT
PACS	-0.03	-0.13	-0.34	-0.61	-0.13		-0.4	-0.26	-0.19	PACS
CHCO	-0.01	0.41	0.9	0.86	0.56	-0.4		0.62	0.57	CHCO
FINV	-0.36	0.35	0.7	0.77	0.5	-0.26	0.62		0.19	FINV
NWBI	-0.27	0.28	0.67	0.4	0.67	-0.19	0.57	0.19		NWBI
	SF	AAMI	FCF	AGM	WT	PACS	CHCO	FINV	NWBI

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

CHCO	+ 0.9	FCF
CHCO	+ 0.86	AGM
AGM	+ 0.82	FCF
WT	+ 0.79	FCF
FINV	+ 0.77	AGM
FINV	+ 0.7	FCF

High negative correlations

PACS	- 0.61	AGM
WT	- 0.5	SF
CHCO	- 0.4	PACS
FINV	- 0.36	SF
PACS	- 0.34	FCF
NWBI	- 0.27	SF

Risk-Adjusted Indicators

There is a big difference between Perella Stock performing well and Perella Weinberg 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 Perella Weinberg'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
SF	1.05	(0.01)	0.02	0.12	1.26	(1.09)	2.45	(2.00)	7.18
AAMI	1.85	(0.15)	0.00	(0.01)	0.00	0.00	3.84	(3.93)	20.49
FCF	1.18	(0.18)	(0.07)	0.00	1.64	(1.34)	3.00	(2.08)	10.68
AGM	1.33	(0.21)	0.00	(0.12)	0.00	0.00	2.34	(2.49)	9.62
WT	1.40	(0.37)	0.00	(0.16)	0.00	0.00	2.32	(2.50)	7.35
PACS	3.09	0.02	0.03	0.13	5.05	(3.93)	6.97	(3.97)	32.48
CHCO	1.03	(0.09)	(0.06)	0.04	1.05	(1.19)	2.51	(1.89)	7.30
FINV	2.21	(0.63)	0.00	(0.75)	0.00	0.00	4.32	(4.90)	15.54
NWBI	1.23	0.08	(0.03)	(0.57)	1.61	(1.31)	3.71	(2.78)	10.44

Perella Weinberg Corporate Management

Robert Steel	Partner Chairman	Profile
Kevin Kaiser	Managing London	Profile
Holger Schmidt	Managing Munich	Profile
Michael Grace	Partner York	Profile
Saahil Sajnani	Managing York	Profile

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