Five9 Correlations

FIVN Stock

USD 40.32 1.86 4.84%

The current 90-days correlation between Five9 Inc and Uipath Inc is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Five9 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Five9 Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Five9 Correlation With Market

Weak diversification

The correlation between Five9 Inc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five9 Inc 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 Five9 Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Five9 Stock

0.68	S	SentinelOne	Pair Corr
0.73	NN	Nextnav Acquisition Corp	Pair Corr
0.82	ZS	Zscaler Earnings Call This Week	Pair Corr
0.72	EVCM	EverCommerce	Pair Corr
0.7	EVTC	Evertec	Pair Corr
0.9	FLYW	Flywire Corp Sell-off Trend	Pair Corr
0.63	DBX	Dropbox	Pair Corr
0.64	DLO	Dlocal	Pair Corr
0.68	GEN	Gen Digital	Pair Corr
0.83	FTNT	Fortinet	Pair Corr
0.61	ODD	ODDITY Tech	Pair Corr
0.82	PAY	Paymentus Holdings	Pair Corr

Moving against Five9 Stock

0.7	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.65	VHAI	VHAI	Pair Corr
0.59	MQ	Marqeta	Pair Corr
0.42	DOCN	DigitalOcean Holdings	Pair Corr
0.4	VERI	Veritone	Pair Corr
0.35	VRNS	Varonis Systems Potential Growth	Pair Corr
0.71	VHC	VirnetX Holding Corp	Pair Corr
0.67	TCX	Tucows Inc	Pair Corr
0.54	WEX	Wex Inc	Pair Corr
0.42	OLB	OLB Group	Pair Corr

Related Correlations Analysis

	PANW	PATH	SQ	ADBE	CRWD	PLTR	ZS	ORCL	NET	OKTA
PANW		0.66	0.85	-0.34	0.87	0.84	0.81	0.64	0.87	0.0	PANW
PATH	0.66		0.58	-0.16	0.62	0.52	0.56	0.44	0.65	0.08	PATH
SQ	0.85	0.58		-0.47	0.93	0.93	0.69	0.77	0.85	-0.15	SQ
ADBE	-0.34	-0.16	-0.47		-0.63	-0.54	-0.2	-0.76	-0.58	0.45	ADBE
CRWD	0.87	0.62	0.93	-0.63		0.93	0.72	0.86	0.93	-0.18	CRWD
PLTR	0.84	0.52	0.93	-0.54	0.93		0.59	0.86	0.82	-0.27	PLTR
ZS	0.81	0.56	0.69	-0.2	0.72	0.59		0.34	0.73	0.44	ZS
ORCL	0.64	0.44	0.77	-0.76	0.86	0.86	0.34		0.77	-0.51	ORCL
NET	0.87	0.65	0.85	-0.58	0.93	0.82	0.73	0.77		-0.1	NET
OKTA	0.0	0.08	-0.15	0.45	-0.18	-0.27	0.44	-0.51	-0.1		OKTA
	PANW	PATH	SQ	ADBE	CRWD	PLTR	ZS	ORCL	NET	OKTA

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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

CRWD	+ 0.93	SQ
PLTR	+ 0.93	SQ
PLTR	+ 0.93	CRWD
NET	+ 0.93	CRWD
CRWD	+ 0.87	PANW
NET	+ 0.87	PANW

High negative correlations

ORCL	- 0.76	ADBE
CRWD	- 0.63	ADBE
NET	- 0.58	ADBE
PLTR	- 0.54	ADBE
OKTA	- 0.51	ORCL
ADBE	- 0.47	SQ

Risk-Adjusted Indicators

There is a big difference between Five9 Stock performing well and Five9 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 Five9'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
PANW	1.32	0.02	0.03	0.12	1.73	(1.31)	2.22	(2.51)	9.85
PATH	1.90	(0.02)	0.03	0.09	2.51	(1.94)	4.52	(3.82)	12.04
SQ	1.96	0.38	0.21	0.32	1.59	(2.12)	4.62	(2.94)	14.80
ADBE	1.32	(0.24)	0.00	(0.21)	0.00	0.00	2.87	(2.89)	10.09
CRWD	1.97	0.26	0.16	0.26	1.81	(2.22)	3.84	(3.03)	11.54
PLTR	2.56	0.81	0.41	0.45	1.55	(3.13)	8.61	(2.93)	30.33
ZS	1.92	(0.04)	0.00	0.07	3.74	(1.91)	3.73	(3.37)	20.36
ORCL	1.29	0.38	0.30	0.43	0.85	(1.54)	2.83	(1.75)	15.28
NET	2.05	0.20	0.13	0.21	1.79	(2.41)	5.47	(3.44)	13.45
OKTA	1.48	(0.45)	0.00	(0.41)	0.00	0.00	2.39	(3.42)	19.60

Five9 Corporate Management

Scott Welch	Executive VP of Cloud Operations	Profile
Niki Hall	Chief Officer	Profile
Michael MBA	CEO Chairman	Profile
Andy Dignan	Chief Officer	Profile
Ajay Awatramani	Chief Officer	Profile

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