PAR Technology Correlations

PAR Stock

USD 81.14 1.08 1.35%

The current 90-days correlation between PAR Technology and Momentive Global is -0.26 (i.e., Very good diversification). The correlation of PAR Technology 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.

PAR Technology Correlation With Market

Weak diversification

The correlation between PAR Technology and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PAR Technology 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 PAR Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

To learn how to invest in PAR Stock, please use our How to Invest in PAR Technology guide.

Moving together with PAR Stock

0.79	KE	Kimball Electronics	Pair Corr
0.84	EBON	Ebang International Upward Rally	Pair Corr
0.91	EHGO	Eshallgo Class A	Pair Corr
0.87	FLEX	Flex	Pair Corr
0.73	GLW	Corning Incorporated	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.72	JBL	Jabil Circuit	Pair Corr
0.79	ZBRA	Zebra Technologies	Pair Corr
0.95	IDCC	InterDigital	Pair Corr
0.96	IONQ	IONQ Inc Upward Rally	Pair Corr
0.77	KULR	KULR Technology Group Buyout Trend	Pair Corr
0.61	KVHI	KVH Industries	Pair Corr
0.82	NTGR	NETGEAR	Pair Corr
0.66	OSIS	OSI Systems	Pair Corr
0.91	OUST	Ouster Inc	Pair Corr
0.89	PLXS	Plexus Corp	Pair Corr

Moving against PAR Stock

0.86	CDW	CDW Corp	Pair Corr
0.85	VRME	VerifyMe	Pair Corr
0.81	IVAC	Intevac	Pair Corr
0.57	EVLV	Evolv Technologies Trending	Pair Corr
0.41	DM	Desktop Metal	Pair Corr
0.34	STX	Seagate Technology PLC	Pair Corr
0.87	SHMD	SCHMID Group NV	Pair Corr
0.76	CALX	Calix Inc Fiscal Year End 3rd of February 2025	Pair Corr
0.7	SMCI	Super Micro Computer Downward Rally	Pair Corr
0.63	CRCT	Cricut Inc	Pair Corr
0.56	TRSG	Tungray Technologies	Pair Corr
0.49	NTIP	Network 1 Technologies	Pair Corr
0.32	OPTX	Syntec Optics Holdings	Pair Corr

Related Correlations Analysis

	MNTV	MODN	MIXT	LAW	PWSC	PRO	MLNK	ENFN	SEMR	ONTF
MNTV		0.63	-0.49	0.27	0.53	0.12	-0.1	0.45	0.0	-0.11	MNTV
MODN	0.63		-0.69	0.64	0.66	0.33	-0.18	0.65	0.12	0.21	MODN
MIXT	-0.49	-0.69		-0.6	-0.89	-0.63	0.0	-0.66	0.19	-0.38	MIXT
LAW	0.27	0.64	-0.6		0.42	0.18	-0.19	0.34	0.02	0.24	LAW
PWSC	0.53	0.66	-0.89	0.42		0.78	-0.03	0.83	-0.16	0.5	PWSC
PRO	0.12	0.33	-0.63	0.18	0.78		0.36	0.73	0.03	0.74	PRO
MLNK	-0.1	-0.18	0.0	-0.19	-0.03	0.36		-0.05	0.16	0.28	MLNK
ENFN	0.45	0.65	-0.66	0.34	0.83	0.73	-0.05		0.3	0.52	ENFN
SEMR	0.0	0.12	0.19	0.02	-0.16	0.03	0.16	0.3		0.02	SEMR
ONTF	-0.11	0.21	-0.38	0.24	0.5	0.74	0.28	0.52	0.02		ONTF
	MNTV	MODN	MIXT	LAW	PWSC	PRO	MLNK	ENFN	SEMR	ONTF

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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

ENFN	+ 0.83	PWSC
PRO	+ 0.78	PWSC
ONTF	+ 0.74	PRO
ENFN	+ 0.73	PRO
PWSC	+ 0.66	MODN
ENFN	+ 0.65	MODN

High negative correlations

PWSC	- 0.89	MIXT
MIXT	- 0.69	MODN
ENFN	- 0.66	MIXT
PRO	- 0.63	MIXT
LAW	- 0.6	MIXT
MIXT	- 0.49	MNTV

Risk-Adjusted Indicators

There is a big difference between PAR Stock performing well and PAR Technology 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 PAR Technology'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
MNTV	0.90	0.60	2.02	(0.52)	0.00	(1.77)	0.43	(0.21)	20.63
MODN	0.50	0.17	0.05	(1.71)	0.29	(0.69)	1.01	(0.50)	10.58
MIXT	2.00	(0.18)	0.00	(2.62)	0.00	0.00	3.52	(3.34)	12.12
LAW	1.45	(0.11)	(0.02)	0.05	1.85	(1.59)	3.61	(3.18)	10.45
PWSC	0.08	0.02	(0.70)	0.96	0.00	(0.11)	0.18	(0.13)	0.71
PRO	2.45	0.07	0.06	0.14	3.07	(2.40)	6.36	(4.84)	13.99
MLNK	1.62	(0.10)	(0.04)	0.01	2.41	(1.51)	3.17	(3.18)	14.62
ENFN	1.63	0.18	0.11	0.26	1.58	(1.95)	3.93	(2.90)	10.11
SEMR	1.89	(0.14)	0.00	(0.04)	0.00	0.00	3.84	(4.53)	11.97
ONTF	1.67	(0.15)	(0.03)	0.03	1.98	(1.84)	3.04	(3.03)	11.36

PAR Technology Corporate Executives

Elected by the shareholders, the PAR Technology's board of directors comprises two types of representatives: PAR Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PAR. The board's role is to monitor PAR Technology's management team and ensure that shareholders' interests are well served. PAR Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PAR Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Bryan CPA	CFO VP	Profile
	Raju Malhotra	Chief Product and Chief Technology Officer	Profile

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