Expensify Correlations

EXFY Stock

USD 3.32 0.25 8.14%

The current 90-days correlation between Expensify and Alkami Technology is 0.15 (i.e., Average diversification). The correlation of Expensify 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Expensify Correlation With Market

Modest diversification

The correlation between Expensify and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expensify and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Expensify Stock please use our How to Invest in Expensify guide.

Moving together with Expensify Stock

0.73	DV	DoubleVerify Holdings	Pair Corr
0.68	EB	Eventbrite Class A	Pair Corr
0.66	ML	MoneyLion	Pair Corr
0.62	VMEO	Vimeo Inc	Pair Corr
0.75	WDAY	Workday Earnings Call This Week	Pair Corr

Moving against Expensify Stock

0.53	DT	Dynatrace Holdings LLC	Pair Corr
0.52	U	Unity Software Aggressive Push	Pair Corr
0.38	QH	Quhuo	Pair Corr
0.5	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.38	VTEX	VTEX Potential Growth	Pair Corr

Related Correlations Analysis

	CWAN	CXM	ALKT	VERX	MNTV	MODN	ENV	BRZE	GTLB	LAW
CWAN		-0.16	0.75	0.95	0.29	0.4	0.58	-0.24	0.79	0.45	CWAN
CXM	-0.16		-0.19	-0.23	-0.56	-0.82	0.3	0.94	-0.43	-0.54	CXM
ALKT	0.75	-0.19		0.81	0.24	0.27	0.5	-0.27	0.58	0.53	ALKT
VERX	0.95	-0.23	0.81		0.35	0.41	0.59	-0.29	0.77	0.47	VERX
MNTV	0.29	-0.56	0.24	0.35		0.63	-0.03	-0.51	0.48	0.43	MNTV
MODN	0.4	-0.82	0.27	0.41	0.63		-0.02	-0.8	0.72	0.43	MODN
ENV	0.58	0.3	0.5	0.59	-0.03	-0.02		0.34	0.51	-0.19	ENV
BRZE	-0.24	0.94	-0.27	-0.29	-0.51	-0.8	0.34		-0.42	-0.63	BRZE
GTLB	0.79	-0.43	0.58	0.77	0.48	0.72	0.51	-0.42		0.29	GTLB
LAW	0.45	-0.54	0.53	0.47	0.43	0.43	-0.19	-0.63	0.29		LAW
	CWAN	CXM	ALKT	VERX	MNTV	MODN	ENV	BRZE	GTLB	LAW

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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

VERX	+ 0.95	CWAN
BRZE	+ 0.94	CXM
VERX	+ 0.81	ALKT
GTLB	+ 0.79	CWAN
GTLB	+ 0.77	VERX
ALKT	+ 0.75	CWAN

High negative correlations

MODN	- 0.82	CXM
BRZE	- 0.8	MODN
LAW	- 0.63	BRZE
MNTV	- 0.56	CXM
LAW	- 0.54	CXM
BRZE	- 0.51	MNTV

Risk-Adjusted Indicators

There is a big difference between Expensify Stock performing well and Expensify 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 Expensify'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
CWAN	1.42	0.27	0.17	0.29	1.35	(1.51)	2.80	(2.76)	18.70
CXM	1.90	(0.32)	0.00	(0.12)	0.00	0.00	3.52	(4.92)	13.75
ALKT	1.87	0.13	0.10	0.15	2.11	(2.13)	5.15	(4.11)	11.93
VERX	1.68	0.42	0.23	0.29	1.60	(1.82)	3.69	(3.13)	19.03
MNTV	0.90	0.50	2.18	(183.32)	0.00	(1.77)	0.43	(0.21)	20.63
MODN	0.50	0.16	0.09	4.25	0.29	(0.69)	1.01	(0.50)	10.58
ENV	0.09	0.00	(0.61)	0.07	0.10	(0.09)	0.22	(0.22)	0.68
BRZE	2.11	(0.41)	0.00	(0.12)	0.00	0.00	3.67	(4.84)	22.59
GTLB	2.20	0.33	0.18	0.27	1.87	(2.66)	5.93	(3.26)	26.58
LAW	1.57	0.02	(0.04)	(0.04)	2.02	(1.69)	3.62	(3.52)	10.88

Expensify Corporate Management

Jason Mills	Chief Director	Profile
Cole Eason	Secretary	Profile
Anuradha Muralidharan	COO Director	Profile
Daniel Vidal	Chief Director	Profile
Ryan Schaffer	CFO Director	Profile
David Barrett	CEO, Founder	Profile

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