Appfolio Correlations

APPF Stock

USD 236.42 1.09 0.46%

The current 90-days correlation between Appfolio and Open Text Corp is 0.25 (i.e., Modest diversification). The correlation of Appfolio 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.

Appfolio Correlation With Market

Weak diversification

The correlation between Appfolio and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appfolio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Appfolio Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Appfolio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more detail on how to invest in Appfolio Stock please use our How to Invest in Appfolio guide.

Moving together with Appfolio Stock

0.65	300895	Beijing Topnew Info	Pair Corr
0.79	DOCU	DocuSign	Pair Corr
0.68	DOMO	Domo Inc	Pair Corr

Moving against Appfolio Stock

0.5	WK	Workiva	Pair Corr
0.43	RM	RM Plc	Pair Corr
0.35	300036	Beijing SuperMap Software	Pair Corr
0.35	DUOT	Duos Technologies	Pair Corr
0.74	VMEO	Vimeo Inc	Pair Corr
0.64	ELWS	Earlyworks Co,	Pair Corr
0.48	MKT	DeepMarkit Corp Earnings Call This Week	Pair Corr
0.33	SORT	Sorted Group Holdings	Pair Corr

Related Correlations Analysis

	OTEX	IDCC	PEGA	PAYC	NICE	GTM	MANH	TTAN	ESTC	DSGX
OTEX		0.5	0.23	0.89	0.83	0.68	0.79	0.08	0.5	0.73	OTEX
IDCC	0.5		0.45	0.22	0.32	0.49	0.05	-0.19	0.39	0.16	IDCC
PEGA	0.23	0.45		0.1	0.22	0.59	-0.05	0.47	0.3	0.29	PEGA
PAYC	0.89	0.22	0.1		0.88	0.68	0.95	0.22	0.44	0.79	PAYC
NICE	0.83	0.32	0.22	0.88		0.8	0.82	0.13	0.7	0.59	NICE
GTM	0.68	0.49	0.59	0.68	0.8		0.57	0.27	0.57	0.49	GTM
MANH	0.79	0.05	-0.05	0.95	0.82	0.57		0.27	0.33	0.79	MANH
TTAN	0.08	-0.19	0.47	0.22	0.13	0.27	0.27		-0.13	0.6	TTAN
ESTC	0.5	0.39	0.3	0.44	0.7	0.57	0.33	-0.13		0.13	ESTC
DSGX	0.73	0.16	0.29	0.79	0.59	0.49	0.79	0.6	0.13		DSGX
	OTEX	IDCC	PEGA	PAYC	NICE	GTM	MANH	TTAN	ESTC	DSGX

Please upgrade your account to get full access to Macroaxis premium features

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

MANH	+ 0.95	PAYC
PAYC	+ 0.89	OTEX
NICE	+ 0.88	PAYC
NICE	+ 0.83	OTEX
MANH	+ 0.82	NICE
GTM	+ 0.8	NICE

High negative correlations

TTAN	- 0.19	IDCC
ESTC	- 0.13	TTAN
MANH	- 0.05	PEGA

Risk-Adjusted Indicators

There is a big difference between Appfolio Stock performing well and Appfolio 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 Appfolio'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
OTEX	1.05	(0.21)	0.00	(0.17)	0.00	0.00	1.80	(2.56)	8.18
IDCC	2.05	(0.13)	0.00	(0.06)	0.00	0.00	3.53	(4.57)	16.18
PEGA	1.78	0.00	0.00	0.07	2.05	(1.86)	4.12	(3.61)	19.04
PAYC	1.45	(0.54)	0.00	(0.39)	0.00	0.00	2.58	(4.28)	13.60
NICE	1.83	(0.47)	0.00	(0.34)	0.00	0.00	2.26	(3.86)	18.80
GTM	1.72	(0.32)	0.00	(0.17)	0.00	0.00	3.72	(4.63)	10.86
MANH	1.33	(0.36)	0.00	(0.32)	0.00	0.00	2.32	(3.39)	9.96
TTAN	1.74	(0.04)	(0.02)	0.02	2.15	(1.77)	3.19	(3.44)	12.35
ESTC	2.12	(0.17)	0.00	(0.60)	0.00	0.00	3.82	(3.76)	20.71
DSGX	1.41	(0.23)	0.00	(0.19)	0.00	0.00	2.02	(2.89)	16.59

Appfolio Corporate Management

Amy Meyer	Chief Officer	Profile
Nat Kunes	VP Management	Profile
Matthew Mazza	Chief Secretary	Profile
Evan Pickering	Senior Secretary	Profile
Fay Goon	Principal Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC