PTC, INC (PTC) — Stock Correlations & Overview
Over the past year, PTC has moved most closely with ADSK, BSY, PAYC. Explore the stocks most correlated and inversely correlated with PTC below, along with its price, financials, and company profile.
Stocks correlated with PTC
Correlation of daily returns. Higher positive values move with PTC; negative values move opposite it. Informational only, not investment advice.
Most correlated with PTC
| Symbol | Company | Correlation |
|---|---|---|
| ADSK | Autodesk IncSERVICES-PREPACKAGED SOFTWARE | 0.70 |
| BSY | Bentley Systems, Incorporated Class B Common StockSERVICES-PREPACKAGED SOFTWARE | 0.63 |
| PAYC | PAYCOM SOFTWARE, INC.SERVICES-PREPACKAGED SOFTWARE | 0.62 |
| VERX | Vertex, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.60 |
| ADBE | Adobe Inc.SERVICES-PREPACKAGED SOFTWARE | 0.59 |
Most inversely correlated with PTC
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.51 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.46 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.43 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.41 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.29 |
Frequently asked questions about PTC correlations
- Which stocks are most correlated with PTC?
- Based on one year of daily returns, the stocks most correlated with PTC, INC (PTC) are ADSK (0.70), BSY (0.63) and PAYC (0.62). 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 PTC?
- Over the past year, the stocks most inversely correlated with PTC, INC (PTC) are HDGE (-0.51), DWSH (-0.46) and MSFD (-0.43). 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 PTC correlations calculated?
- We compute the correlation of daily returns between PTC 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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