Appian Corp Correlations

APPN Stock

USD 38.55 2.43 6.73%

The current 90-days correlation between Appian Corp and Confluent is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Appian Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Appian Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Appian Corp Correlation With Market

Weak diversification

The correlation between Appian Corp and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appian Corp 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 Appian Corp. 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.

To learn how to invest in Appian Stock, please use our How to Invest in Appian Corp guide.

Moving together with Appian Stock

0.61	S	SentinelOne	Pair Corr
0.81	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.82	EVCM	EverCommerce	Pair Corr
0.66	EVTC	Evertec	Pair Corr
0.84	FFIV	F5 Networks	Pair Corr
0.63	FLYW	Flywire Corp	Pair Corr
0.63	FOUR	Shift4 Payments Buyout Trend	Pair Corr
0.74	DBX	Dropbox	Pair Corr
0.82	GEN	Gen Digital	Pair Corr
0.65	FTNT	Fortinet	Pair Corr
0.65	ODD	ODDITY Tech	Pair Corr

Moving against Appian Stock

0.66	MQ	Marqeta	Pair Corr
0.66	VHAI	VHAI	Pair Corr
0.54	VRAR	Glimpse Group	Pair Corr
0.53	VRNS	Varonis Systems	Pair Corr
0.51	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.32	VRNT	Verint Systems	Pair Corr
0.67	TCX	Tucows Inc	Pair Corr
0.62	VHC	VirnetX Holding Corp	Pair Corr
0.45	WEX	Wex Inc	Pair Corr

Related Correlations Analysis

	CFLT	NET	ZS	MDB	MQ	FIVN	DOCN	ATEN	ALTR
CFLT		0.78	0.7	0.31	-0.56	0.79	-0.25	0.85	0.74	CFLT
NET	0.78		0.71	0.3	-0.39	0.56	0.27	0.82	0.77	NET
ZS	0.7	0.71		-0.07	-0.28	0.81	-0.13	0.62	0.47	ZS
MDB	0.31	0.3	-0.07		-0.38	0.09	0.14	0.34	0.13	MDB
MQ	-0.56	-0.39	-0.28	-0.38		-0.54	0.25	-0.66	-0.32	MQ
FIVN	0.79	0.56	0.81	0.09	-0.54		-0.43	0.72	0.41	FIVN
DOCN	-0.25	0.27	-0.13	0.14	0.25	-0.43		0.04	0.13	DOCN
ATEN	0.85	0.82	0.62	0.34	-0.66	0.72	0.04		0.79	ATEN
ALTR	0.74	0.77	0.47	0.13	-0.32	0.41	0.13	0.79		ALTR
	CFLT	NET	ZS	MDB	MQ	FIVN	DOCN	ATEN	ALTR

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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

ATEN	+ 0.85	CFLT
ATEN	+ 0.82	NET
FIVN	+ 0.81	ZS
FIVN	+ 0.79	CFLT
ALTR	+ 0.79	ATEN
NET	+ 0.78	CFLT

High negative correlations

ATEN	- 0.66	MQ
MQ	- 0.56	CFLT
FIVN	- 0.54	MQ
DOCN	- 0.43	FIVN
MQ	- 0.39	NET
MQ	- 0.38	MDB

Risk-Adjusted Indicators

There is a big difference between Appian Stock performing well and Appian Corp 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 Appian Corp'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
CFLT	2.24	0.38	0.13	0.47	2.34	(2.38)	4.83	(3.85)	18.55
NET	1.92	0.12	0.08	0.16	1.88	(2.17)	5.04	(3.44)	13.45
ZS	1.90	(0.04)	0.00	0.05	3.74	(1.87)	3.73	(3.37)	20.36
MDB	2.26	0.08	0.05	0.14	2.23	(2.53)	4.89	(4.05)	23.05
MQ	2.36	(0.39)	0.00	(0.28)	0.00	0.00	3.36	(3.72)	51.58
FIVN	2.14	0.07	0.04	0.13	2.30	(2.41)	4.84	(3.72)	15.67
DOCN	2.17	(0.18)	(0.01)	0.02	3.11	(2.36)	5.16	(4.36)	22.00
ATEN	1.02	0.24	0.21	0.31	0.79	(1.13)	2.34	(1.65)	5.77
ALTR	1.36	0.26	0.15	0.52	1.21	(1.73)	3.54	(2.03)	12.77

Appian Corp Corporate Management

William McCarthy	Acting Director	Profile
Christopher JD	General Secretary	Profile
Ben Farrell	Vice Communications	Profile
Randy Guard	Chief Officer	Profile
Pavel ZamudioRamirez	Chief Officer	Profile
Mark Matheos	Chief Officer	Profile

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