Appian Corp Correlations

APPN Stock

USD 22.87 0.49 2.19%

The current 90-days correlation between Appian Corp and EverCommerce is 0.04 (i.e., Significant 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

Pay attention - limited upside

The correlation between Appian Corp and DJI is -0.82 (i.e., Pay attention - limited upside) 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.

Build AI portfolio with Appian Stock

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 inflation.

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

Moving together with Appian Stock

0.86	S	SentinelOne	Pair Corr
0.84	AI	C3 Ai Inc	Pair Corr
0.89	BB	BlackBerry	Pair Corr
0.9	ZS	Zscaler	Pair Corr
0.96	ANY	Sphere 3D Corp	Pair Corr
0.72	FROG	Jfrog	Pair Corr
0.89	FUBO	Fubotv Inc	Pair Corr
0.97	NOW	ServiceNow	Pair Corr
0.76	PGY	Pagaya Technologies	Pair Corr
0.79	RPD	Rapid7 Inc	Pair Corr
0.83	XTKG	X3 Holdings	Pair Corr
0.91	GTLB	Gitlab Inc Sell-off Trend	Pair Corr
0.73	INLX	Intellinetics	Pair Corr
0.79	INTZ	Intrusion	Pair Corr
0.92	PRO	Prophecy International	Pair Corr
0.65	LSPD	Lightspeed Commerce	Pair Corr
0.88	MSFT	Microsoft Sell-off Trend	Pair Corr
0.87	NABL	N Able Inc Earnings Call This Week	Pair Corr
0.89	ORCL	Oracle Aggressive Push	Pair Corr
0.61	OSPN	OneSpan	Pair Corr
0.83	PANW	Palo Alto Networks	Pair Corr
0.65	PLTR	Palantir Technologies	Pair Corr
0.85	QLYS	Qualys Inc	Pair Corr
0.72	RBRK	Rubrik	Pair Corr

Moving against Appian Stock

0.74	ALLIX	Wallix Group SA	Pair Corr
0.6	OS	OneStream Class A Sell-off Trend	Pair Corr
0.5	GETB	GetBusy PLC	Pair Corr
0.36	GROV	Virgin Group Acquisition	Pair Corr
0.76	KB	KB Financial Group	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.56	ATEN	A10 Network	Pair Corr
0.52	ALLT	Allot Communications	Pair Corr

Related Correlations Analysis

	EVCM	CSGS	TDC	PAYO	MQ	NP	DBD	PGY	NTCT	ODD
EVCM		0.17	0.4	0.22	-0.13	0.56	0.53	-0.11	0.36	-0.16	EVCM
CSGS	0.17		-0.06	0.21	-0.77	-0.47	0.54	-0.45	0.28	-0.85	CSGS
TDC	0.4	-0.06		-0.12	0.01	0.05	0.49	-0.15	0.37	0.02	TDC
PAYO	0.22	0.21	-0.12		-0.31	0.01	0.25	-0.27	0.32	-0.15	PAYO
MQ	-0.13	-0.77	0.01	-0.31		0.59	-0.62	0.75	-0.3	0.86	MQ
NP	0.56	-0.47	0.05	0.01	0.59		-0.17	0.52	0.03	0.52	NP
DBD	0.53	0.54	0.49	0.25	-0.62	-0.17		-0.64	0.73	-0.62	DBD
PGY	-0.11	-0.45	-0.15	-0.27	0.75	0.52	-0.64		-0.28	0.74	PGY
NTCT	0.36	0.28	0.37	0.32	-0.3	0.03	0.73	-0.28		-0.32	NTCT
ODD	-0.16	-0.85	0.02	-0.15	0.86	0.52	-0.62	0.74	-0.32		ODD
	EVCM	CSGS	TDC	PAYO	MQ	NP	DBD	PGY	NTCT	ODD

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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

ODD	+ 0.86	MQ
PGY	+ 0.75	MQ
ODD	+ 0.74	PGY
NTCT	+ 0.73	DBD
NP	+ 0.59	MQ
NP	+ 0.56	EVCM

High negative correlations

ODD	- 0.85	CSGS
MQ	- 0.77	CSGS
PGY	- 0.64	DBD
ODD	- 0.62	DBD
DBD	- 0.62	MQ
NP	- 0.47	CSGS

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
EVCM	2.54	0.22	0.06	0.28	3.17	(2.82)	4.95	(4.86)	20.26
CSGS	0.24	0.02	(0.09)	0.41	0.21	(0.27)	0.52	(0.59)	3.33
TDC	2.27	0.29	0.09	0.32	2.78	(2.41)	4.26	(3.67)	41.05
PAYO	1.78	(0.13)	0.00	(0.04)	0.00	0.00	3.70	(3.81)	17.25
MQ	1.66	(0.38)	0.00	(0.20)	0.00	0.00	2.62	(3.36)	9.59
NP	2.74	(0.51)	0.00	(0.43)	0.00	0.00	5.29	(6.68)	27.65
DBD	1.41	0.28	0.12	0.40	1.83	(1.49)	3.07	(2.98)	8.60
PGY	3.69	(1.26)	0.00	(0.34)	0.00	0.00	6.60	(8.21)	35.83
NTCT	1.38	(0.03)	(0.01)	0.03	1.80	(1.47)	2.63	(3.31)	7.63
ODD	2.41	(0.55)	0.00	(0.40)	0.00	0.00	4.52	(5.12)	18.82

Appian Corp Corporate Management

William McCarthy	Acting Director	Profile
Lang Ly	Chief Staff	Profile
Christopher JD	General Secretary	Profile
Mark Dorsey	Chief Officer	Profile
Ben Farrell	Vice Communications	Profile
Randy Guard	Chief Officer	Profile

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