PDF Solutions Correlations

PDFS Stock

USD 31.60 1.11 3.64%

The current 90-days correlation between PDF Solutions and Mix Telemats is 0.13 (i.e., Average 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

Poor diversification

The correlation between PDF Solutions and DJI is 0.68 (i.e., Poor 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.

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.

Moving together with PDF Stock

0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.75	EXTR	Extreme Networks	Pair Corr
0.65	HPE	Hewlett Packard Ente	Pair Corr
0.65	QLYS	Qualys Inc	Pair Corr

Related Correlations Analysis

	PRGS	MIXT	PRO	SPNS	MNTV	MLNK	ENFN	PLUS	MODN	AMSWA
PRGS		-0.72	0.62	-0.36	0.45	-0.33	0.77	-0.12	0.65	0.78	PRGS
MIXT	-0.72		-0.67	0.25	-0.49	-0.03	-0.68	0.19	-0.69	-0.86	MIXT
PRO	0.62	-0.67		-0.66	0.15	0.37	0.74	-0.55	0.38	0.54	PRO
SPNS	-0.36	0.25	-0.66		-0.15	-0.21	-0.6	0.79	-0.16	-0.27	SPNS
MNTV	0.45	-0.49	0.15	-0.15		-0.08	0.47	-0.09	0.63	0.58	MNTV
MLNK	-0.33	-0.03	0.37	-0.21	-0.08		-0.02	-0.26	-0.16	-0.15	MLNK
ENFN	0.77	-0.68	0.74	-0.6	0.47	-0.02		-0.34	0.68	0.76	ENFN
PLUS	-0.12	0.19	-0.55	0.79	-0.09	-0.26	-0.34		0.07	-0.17	PLUS
MODN	0.65	-0.69	0.38	-0.16	0.63	-0.16	0.68	0.07		0.74	MODN
AMSWA	0.78	-0.86	0.54	-0.27	0.58	-0.15	0.76	-0.17	0.74		AMSWA
	PRGS	MIXT	PRO	SPNS	MNTV	MLNK	ENFN	PLUS	MODN	AMSWA

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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

PLUS	+ 0.79	SPNS
AMSWA	+ 0.78	PRGS
ENFN	+ 0.77	PRGS
AMSWA	+ 0.76	ENFN
ENFN	+ 0.74	PRO
AMSWA	+ 0.74	MODN

High negative correlations

AMSWA	- 0.86	MIXT
MIXT	- 0.72	PRGS
MODN	- 0.69	MIXT
ENFN	- 0.68	MIXT
PRO	- 0.67	MIXT
SPNS	- 0.66	PRO

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
PRGS	1.14	0.18	0.12	0.40	0.88	(1.36)	2.49	(2.29)	14.83
MIXT	2.00	(0.17)	0.00	(3.42)	0.00	0.00	3.52	(3.34)	12.12
PRO	2.44	0.04	0.06	0.15	3.07	(2.40)	6.36	(4.84)	13.99
SPNS	1.60	(0.45)	0.00	(0.40)	0.00	0.00	2.21	(3.04)	31.27
MNTV	0.90	0.48	1.96	5.15	0.00	(1.77)	0.43	(0.21)	20.63
MLNK	1.62	(0.06)	(0.03)	0.06	2.34	(1.52)	3.17	(3.18)	14.62
ENFN	1.60	0.19	0.12	0.30	1.49	(1.95)	3.93	(2.90)	10.11
PLUS	1.69	(0.47)	0.00	(0.09)	0.00	0.00	3.43	(3.01)	25.14
MODN	0.50	0.13	0.04	0.70	0.29	(0.69)	1.01	(0.50)	10.58
AMSWA	1.44	0.24	0.11	0.79	1.18	(1.67)	3.79	(2.53)	10.40

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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