Which stocks are most correlated with PCTY?

Based on one year of daily returns, the stocks most correlated with Paylocity Holding Corporation Common Stock (PCTY) are ADP (0.76), PAYX (0.75) and PAYC (0.73). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with PCTY?

Over the past year, the stocks most inversely correlated with Paylocity Holding Corporation Common Stock (PCTY) are HDGE (-0.52), DWSH (-0.48) and LSEQ (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

Paylocity Holding Corporation Common Stock (PCTY) — Stock Correlations & Overview

Over the past year, PCTY has moved most closely with ADP, PAYX, PAYC. Explore the stocks most correlated and inversely correlated with PCTY below, along with its price, financials, and company profile.

Stocks correlated with PCTY

Correlation of daily returns. Higher positive values move with PCTY; negative values move opposite it. Informational only, not investment advice.

Most correlated with PCTY

Symbol	Company	Correlation
ADP	Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.76
PAYX	Paychex IncSERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT	0.75
PAYC	PAYCOM SOFTWARE, INC.SERVICES-PREPACKAGED SOFTWARE	0.73
WDAY	Workday, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.71
WCLD	WisdomTree Cloud Computing Fund	0.67

Most inversely correlated with PCTY

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.52
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.48
LSEQ	Harbor Long-Short Equity ETF	-0.47
VOLT	Tema Electrification ETFSERVICES-HELP SUPPLY SERVICES	-0.47
CMI	Cummins Inc.ENGINES & TURBINES	-0.44

Frequently asked questions about PCTY correlations

Which stocks are most correlated with PCTY?: Based on one year of daily returns, the stocks most correlated with Paylocity Holding Corporation Common Stock (PCTY) are ADP (0.76), PAYX (0.75) and PAYC (0.73). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with PCTY?: Over the past year, the stocks most inversely correlated with Paylocity Holding Corporation Common Stock (PCTY) are HDGE (-0.52), DWSH (-0.48) and LSEQ (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these PCTY correlations calculated?: We compute the correlation of daily returns between PCTY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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