Appfolio Correlations

APPF Stock

USD 251.92 0.36 0.14%

The current 90-days correlation between Appfolio and Paycor HCM is 0.1 (i.e., Average 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

Average diversification

The correlation between Appfolio and DJI is 0.19 (i.e., Average 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.

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 american community survey.

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

Moving together with Appfolio Stock

0.68	U	Unity Software Aggressive Push	Pair Corr
0.79	DJCO	Daily Journal Corp	Pair Corr
0.89	AI	C3 Ai Inc	Pair Corr
0.81	AZ	A2Z Smart Technologies	Pair Corr
0.75	BL	Blackline	Pair Corr
0.89	DV	DoubleVerify Holdings	Pair Corr
0.79	EB	Eventbrite Class A	Pair Corr
0.89	ML	MoneyLion	Pair Corr
0.86	WK	Workiva	Pair Corr
0.84	ZM	Zoom Video Communications	Pair Corr
0.84	DOCU	DocuSign	Pair Corr
0.92	VERX	Vertex	Pair Corr
0.89	DSGX	Descartes Systems	Pair Corr
0.92	DUOL	Duolingo	Pair Corr
0.83	VMEO	Vimeo Inc	Pair Corr
0.81	EGHT	8x8 Common Stock	Pair Corr
0.87	ENFN	Enfusion Tech Boost	Pair Corr
0.72	WDAY	Workday	Pair Corr
0.75	WFCF	Where Food Comes Downward Rally	Pair Corr
0.94	ESTC	Elastic NV	Pair Corr
0.94	EXFY	Expensify	Pair Corr

Moving against Appfolio Stock

0.69	VTEX	VTEX	Pair Corr
0.67	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.55	ILLRW	Triller Group Symbol Change	Pair Corr
0.43	QH	Quhuo	Pair Corr
0.39	VS	Versus Systems Buyout Trend	Pair Corr
0.81	EVOL	Evolving Systems	Pair Corr
0.53	SBIGW	SpringBig Holdings	Pair Corr
0.33	BSY	Bentley Systems	Pair Corr
0.32	ETWO	E2open Parent Holdings	Pair Corr

Related Correlations Analysis

	AMSWA	PYCR	AGYS	MIXT	QTWO	BL	PRO	GBTG	ALKT	ASUR
AMSWA		0.87	0.63	-0.86	0.74	0.59	0.74	0.73	0.26	0.33	AMSWA
PYCR	0.87		0.7	-0.85	0.63	0.45	0.65	0.73	0.06	0.61	PYCR
AGYS	0.63	0.7		-0.71	0.77	0.78	0.66	0.86	0.26	0.25	AGYS
MIXT	-0.86	-0.85	-0.71		-0.7	-0.58	-0.67	-0.77	-0.29	-0.3	MIXT
QTWO	0.74	0.63	0.77	-0.7		0.86	0.9	0.9	0.59	-0.01	QTWO
BL	0.59	0.45	0.78	-0.58	0.86		0.78	0.76	0.63	-0.12	BL
PRO	0.74	0.65	0.66	-0.67	0.9	0.78		0.8	0.51	0.02	PRO
GBTG	0.73	0.73	0.86	-0.77	0.9	0.76	0.8		0.38	0.14	GBTG
ALKT	0.26	0.06	0.26	-0.29	0.59	0.63	0.51	0.38		-0.25	ALKT
ASUR	0.33	0.61	0.25	-0.3	-0.01	-0.12	0.02	0.14	-0.25		ASUR
	AMSWA	PYCR	AGYS	MIXT	QTWO	BL	PRO	GBTG	ALKT	ASUR

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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

PRO	+ 0.9	QTWO
GBTG	+ 0.9	QTWO
PYCR	+ 0.87	AMSWA
GBTG	+ 0.86	AGYS
BL	+ 0.86	QTWO
GBTG	+ 0.8	PRO

High negative correlations

MIXT	- 0.86	AMSWA
MIXT	- 0.85	PYCR
GBTG	- 0.77	MIXT
MIXT	- 0.71	AGYS
QTWO	- 0.7	MIXT
PRO	- 0.67	MIXT

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
AMSWA	1.44	0.29	0.20	2.17	1.18	(1.67)	3.79	(2.53)	10.40
PYCR	1.73	0.81	0.47	1.77	0.99	(2.16)	3.37	(2.88)	26.32
AGYS	2.21	0.26	0.07	0.29	3.42	(2.09)	4.40	(5.24)	19.98
MIXT	2.00	(0.17)	0.00	(3.60)	0.00	0.00	3.52	(3.34)	12.12
QTWO	1.68	0.22	0.08	0.18	2.49	(1.76)	3.35	(2.54)	23.89
BL	1.49	0.11	0.06	0.20	1.82	(1.45)	3.17	(2.70)	9.76
PRO	2.37	0.28	0.09	1.89	2.87	(2.32)	5.81	(4.98)	18.63
GBTG	1.52	0.29	0.16	1.66	1.58	(1.78)	3.96	(2.39)	13.29
ALKT	2.11	0.09	0.03	0.13	2.96	(2.03)	4.96	(5.27)	12.66
ASUR	2.25	0.57	0.17	0.45	2.87	(2.57)	5.66	(3.76)	19.48

Appfolio Corporate Management

Amy Meyer	Chief Officer	Profile
Nat Kunes	VP Management	Profile
Matthew Mazza	Chief Secretary	Profile
Fay Goon	Principal Officer	Profile
Matt Mazza	Chief Secretary	Profile

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